By Priyanka Deshpande
CNBC-TV18.com
Published August 13, 2024
Forbes and TrueBridge Capital Partners on August 13, 2024, released the list of US venture-backed companies most likely to reach a $1 billion valuation.
Chosen from over 150 nominations, this year’s list is dominated by artificial intelligence (AI). Take a look at the AI companies that made the list.
Founders: Douglas Chen, Varun Mohan (CEO) Equity raised: $93 million Estimated 2023 revenue: $1 million Lead investors: Greenoaks, Kleiner Perkins
CODEIUM
Founders: Benny Chen, Dmytro Dzhulgakov, Pawel Garbacki, Dmytro Ivchenko, Lin Qiao (CEO), James Reed, Chenyu Zhao Equity raised: $77 million Estimated 2023 revenue: $3 million Lead investors: Benchmark, Sequoia Capital
FIREWORKS AI
Founder: Edo Liberty (CEO) Equity raised: $138 million Estimated 2023 revenue: $17 million Lead investors: Andreessen Horowitz, Iconiq Growth, Menlo Ventures, Wing Venture Capital
PINECONE
Founders: Ganesh Datta, Anish Dhar (CEO), Nikhil Unni Equity raised: $52 million Estimated 2023 revenue: $6 million Lead investors: IVP, Sequoia Capital, Tiger Global Management, Y Combinator
CORTEX
Founders: Wayne Liang, Joshua Xu (CEO) Equity raised: $74 million Estimated 2023 revenue: $8 million Lead investors: Benchmark, Conviction
HEYGEN
Founders: Aaron Podolny, Jennifer Smith (CEO) Equity raised: $55 million Estimated 2023 revenue: $15 million Lead investors: Amplify Capital, Redpoint Ventures, Tiger Global Management
SCRIBE
Founders: Justin Ammerlaan, Warren Hogarth (CEO) Equity raised: $53 million Estimated 2023 revenue: $100 million Lead investors: Blisce, Icon Ventures, Sequoia Capital
EMPOWER FINANCE
Founders: Bryce Ferguson (CEO), Jack Kearney Equity raised: $23 million Estimated 2023 revenue: $0 Lead investors: Lightspeed Faction, Galaxy Ventures, Sequoia Capital
TURNKEY