Despite national concerns about a slowdown in venture capital, several Massachusetts companies are still making progress toward that mystical, magical "unicorn" status.
Seven companies based in Greater Boston appeared on Crunchbase's new “emerging unicorn” list, a roundup of private companies with a valuation approaching $1 billion The 307 ventures on the list had a minimum valuation of at least $500 million.
This year Massachusetts has seen five new unicorns emerge thus far, including Salsify Inc., IntelyCare, ConcertAI, Pentera and Biofourmis Inc. In 2021, seven Massachusetts companies, including analytics software company Starburst Data Inc. and Locus Robotics Corp., achieved unicorn status in a record-breaking year for venture capital.
The majority of companies on Crunchbase’s list fell into the software industry category, followed by financial services and IT.
More than 150 companies on the list were based in the United States. Behind the U.S. was India with 34 emerging unicorns and China with 27. Crunchbase said the list will be continuously updated as companies raise new funding.
Click through the gallery above to meet the seven Greater Boston companies on Crunchbase’s new emerging unicorn list.
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