The place to seek out Unicorns: Cities with essentially the most variety of privately held firms valued at $1bn revealed 

In 2024, there are 1,241 unicorn startups worldwide, with the US accounting for 662, or greater than half of the full. Amongst these, San Francisco hosts 175 unicorns, representing 26.44 p.c of the US complete and a rise from 171 in 2023. New York follows with 118 unicorns, whereas Beijing has 65, London 42, and Shanghai 38, a report from inventory market specialists BestBrokers stated.

San Francisco-based unicorn firms make up simply 14.10 p.c of the worldwide complete, but they collectively contribute a formidable $781.31 billion to the world’s whole unicorn valuation, which stands at $3.899 trillion. This represents a 12.92 p.c improve from 2023, when the mixed valuation of San Francisco unicorns was $691.89 billion.

OpenAI is San Francisco’s most respected unicorn in 2024, presently price $80 billion. It is usually the world’s third-largest unicorn startup by market valuation, after the Chinese language social media big ByteDance, valued at $225 billion, and the US-based spacecraft maker SpaceX, price $150 billion.

Monetary companies firm Stripe ranks because the second-largest unicorn in San Francisco by valuation, at $65 billion, adopted by world information, analytics, and synthetic intelligence firm Databricks, price $43 billion.

Out of all San Francisco-based unicorns in 2024, 86 (49.14 p.c) are in enterprise tech, 33 (18.86 p.c) function in monetary companies, and 21 (12.00 p.c) in healthcare and life sciences. One other 12 firms are in media and leisure (6.86 p.c), 11 are in client and retail (6.29 p.c), and 4 are insurance coverage firms (2.29 p.c).

The height 12 months for brand spanking new San Francisco-based unicorns was 2021, with 85 firms attaining unicorn standing. In 2022, one other 34 firms joined the unicorn ranks. Notably, out of the 28 new firms that reached unicorn standing this 12 months, 5 or almost 20 p.c are San Francisco-based startups, together with Cognition AI and Sigma Computing, every presently price $2 billion.