Startup Trends: Q2 2025 newly minted unicorns
Eight companies listed on Forge Global achieved unicorn status in the latest quarter by landing a post-money valuation of $1 billion. The list this quarter spans varied sectors including robotics, healthcare, and enterprise software. These companies not only demonstrated strong innovative ambitions, but also notable investor funding hauls.
Here are the eight companies that recently achieved the unicorn valuation threshold.
Gecko Robotics, a robotics solutions provider
Pittsburgh-based Gecko Robotics is the developer of robotics solutions designed to inspect critical infrastructure and provide insight into asset health. The company’s main product is a wall-climbing robot that uses ultrasound sensors and high-definition visual cameras to perform non-destructive inspections of real property.1
Founded in 2013, the private company ascended to unicorn status following a $125 million Series D funding round in June of 2025, which brought the company’s post-money valuation to $1.25 billion.2 This valuation comes on the heels of Gecko’s announced partnership with NAES, an independent power operator aimed to modernize power plants to meet North America’s energy needs.3
Gecko Robotic’s latest price per share was $49.27 as of its latest funding round. Gecko’s notable investors include Alpha Partners, Foundersclub, Founders Fund, Hemisphere Ventures, and Next47.
Redpanda Data, a data infrastructure provider
San Francisco-based Redpanda Data reached its unicorn status of $1 billion valuation after securing $100 million in Series D funding in April of 2025.
Founded in 2019, Redpanda is a technology company that provides a modern streaming data platform designed to offer enterprises a simpler, more efficient way to analyze streaming data with lower latency and higher output.
Last year, the private company announced its data solution integration with Microsoft Zure, expanding its multi-cloud offering as part of Microsoft’s product suite.4
Redpanda’s latest price per share was $13.51 as of its funding haul in April. The firm’s notable investors include Lightspeed Venture Partners, GV, and Haystack Management Company.
Cyberhaven, a cybersecurity firm
Cyberhaven, a cybersecurity firm, achieved unicorn status in April of this year. The Palo Alto, California-based private company focuses on helping enterprises detect threats and protect sensitive data against breaches. Cyberhaven primarily serves sectors like financial services, technology, manufacturing and healthcare.
Founded in 2015, the cybersecurity company completed a Series D funding haul of $100 million, landing its post-money valuation just at the unicorn threshold of $1 billion. This is more than double Cyberhaven’s valuation from its last Series C funding haul in June of 2024.5
The company is reportedly expected to use the latest capital fundraise to increase its feature set, acquire companies within the sector, and execute some go-to-market strategies.
Cyberhaven’s latest price-per-share was $1.86 as of its April funding round. The firm’s notable investors are Khosla Ventures, Redpoint Ventures, Vortex Growth and Forgepoint Capital.
Owner, a restaurant management platform
Palo Alto, California-based Owner is a technology company on a mission to help restaurants and similar small businesses generate sales revenue and online growth. Its platform provides a website builder, custom mobile app, automated marketing and analytics for restaurant owners.
Founded in 2018, Owner achieved its unicorn status in May of 2025 as part of its Series B and C funding hauls. The combined fundraises equaled $120 million and placed the firm’s post-money valuation at $1 billion.6
Owner is reportedly using the fresh capital to enhance its features designed with the small business owner in mind. The private company hopes its solutions can help these owners compete with “goliath” restaurants that have the means to invest in high-tech infrastructure.
Owner’s last price per share was $27.41 as of its last funding round. Its slate of investors includes Meritech Capital, Day One Ventures, Redpoint Ventures and Alt Capital.
Statsig, a product testing platform
Headquartered in Bellevue, Washington, Statsig emerged from the quarter as a newly minted unicorn. Statsig is a testing platform with a mission to help businesses evaluate the performance of products. The startup aims to improve product decision-making through analytics tracking, marketing, product and website experimentation.
Founded in 2021, Statsig closed a Series C funding round in May of 2025. The capital raised included $100 million placing it at a post-money valuation of $1.08 billion. It’s reported that the firm has a notable slate of clients including Microsoft, Atlassian Corp., and OpenAI.7
Statsig’s price per share was $5.54 as of its last funding round. The startup’s investors include ICONIQ Growth, Sequoia and Madrona Venture Group.
CHAOS, a defense tech startup
CHAOS Industries is a defense technology company providing solutions for governmental military agencies. The private company is headquartered in Los Angeles and researches and develops radar and geolocator systems for field use. CHAOS Industries is best known for its “COHERENCE” and “HYDRA” platforms used by government personnel.8
Founded in 2022, the defense startup reached its unicorn status in May of 2025 due to a Series B funding haul of $275 million placing its post-money valuation at $2 billion. The firm reportedly will use the funding to scale its manufacturing operations and enhance its detection products.9
CHAOS Industries’ price per share was $72.50 as of its last funding round. The company’s investors include New Enterprise Associates, Overmatch Ventures, Tru Arrow Partners and Valor Equity Partners.
Pathos, a biotechnology company
Pathos is a privately held clinical-stage biotechnology company that specializes in re-engineering drug development through advanced artificial intelligence technologies. Its proprietary PathOS™ platform leverages real-world oncology and genomic data to identify and validate precision medicines for various human medical ailments.10
The healthcare company achieved its unicorn status in May of 2025 through a combined Series D funding round of $331.82 million placing its post-money valuation at $1.60 billion. The funding comes on the heels of the startup launching strategic partnerships with AstraZenca and Tempus AI to support its AI-enabled research.11
Pathos’ price per share was $7.55 as of its latest funding round. Founded in 2022 and headquartered in Chicago, the company’s investors include Builders VC, Lightbank, Revolution Group and New Enterprise Associates.
Nourish, a food-for-medicine health-tech company
Founded in 2020, New York City-based Nourish is a platform designed to connect individuals with dietitians and physicians that can offer food recommendations to relieve and improve health issues. The food-as-medicine provider has partnered with major insurance groups Aetna, Cigna, United, Blue Cross Blue Shield, Medicare and Medicaid to cover its offerings for its users.12
The healthcare startup achieved its unicorn status through its Series B fundraise in April of 2025 of $70 million placing its post-money valuation at $1 billion. The company reportedly will use the funds to enhance its platform offerings with the ambition of a potential IPO.13
Nourish’s price per share was $38.85 as of its last funding round. The private company’s investors include J.P. Morgan, Thrive Capital, Y Combinator and G Squared.
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