By Priyanka Deshpande

CNBC-TV18.com

Published August 13, 2024

Top 8 AI startups nearing unicorn status in Forbes 2024 list

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