The Decline of Smart Home Investments: Analyzing the Causes
29 May, 2024
Last year, 95 startups from around the world received a valuation of more than $1 billion.
This is the lowest number since 2016. Most of the new unicorns – 20 of them – specialize in artificial intelligence. Fintech, cleantech, and energy accounted for 14, 12, and 9 startups respectively.
Geographically, there is a significant advantage of American companies – 41 of the new unicorns were from there. 24 companies are from China, and three each are from India and the UK.
Today, there are more than 1,500 unicorn startups in the world with a collective valuation of more than $5 trillion. In total, they have already raised more than $900 billion from investors.