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Ten AI Labs Join Crunchbase Unicorn Board in June 2023
In June 2023, ten AI labs joined the Crunchbase Unicorn Board, adding a total of $65 billion in value. The highest valued new unicorn, DeepSeek from Beijing, was valued at $50 billion and focuses on open-source AI model development.
Key points
- 34 companies joined Crunchbase Unicorn Board in June.
- DeepSeek valued at $50 billion, leads new AI labs.
- Total Unicorn Board value dropped by over $1 trillion.
Overview of New Unicorns
In June 2023, a total of 34 companies were added to the Crunchbase Unicorn Board, contributing over $110 billion in combined value. Of these, ten were new AI labs, valued collectively at $65 billion. This influx highlights a significant interest and investment trend in AI technologies, particularly in new architectures.
DeepSeek and Other Notable Unicorns
The most prominent new unicorn is DeepSeek, a Beijing-based open-source AI model developer, which secured a $7.4 billion Series A funding round, raising its valuation to $50 billion. DeepSeek is planning to list in Shanghai by Q2 2027. Other new AI-focused unicorns include Flourish, valued at $2.5 billion, and PhysicsX, which reached a valuation of $2.4 billion.
Sector Focus and Global Presence
The majority of new AI labs are innovating in fields such as robotics and AI infrastructure. Among the new unicorns, 16 are based in the U.S., eight in China, and a diverse array from other countries including India and the UK. This global representation signifies the widespread growth of AI technology across different regions.
Impact of Recent Exits
Despite the addition of these new companies, the overall value of the Crunchbase Unicorn Board experienced a decline of over $1 trillion, primarily due to significant exits. SpaceX’s transition to a public company and acquisitions such as Anysphere by SpaceX for $60 billion demonstrate a volatile market landscape for unicorn startups, with potential effects on future funding and valuations.
✨ This summary was generated by AI from the outlets' reporting listed below. It is not independently verified and may contain errors — check the original sources. How BrevFeed works →
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Reporting from
In June 2023, ten AI labs joined the Crunchbase Unicorn Board, adding a total of $65 billion in value. The highest valued new unicorn, DeepSeek from Beijing, was valued at $50 billion and focuses on open-source AI model development.