Article
October 14, 2025
The pace of new unicorns in the private markets showed no signs of slowing last quarter. Despite persistent economic headwinds that might have tempered valuations, a steady stream of companies still crossed the coveted $1 billion mark. In this roundup, we’re spotlighting five firms from Q3 that officially joined the “unicorn” club — spanning sectors from AI and infrastructure to creator-focused tools. Their rapid growth and rising valuations make them companies investors may want to watch in the quarters ahead.