California is home to 431 unicorn startups, with a strong focus on artificial intelligence. The state's tech landscape includes some of the world's most valuable private companies.
AI research firm OpenAI leads with a $500B valuation. Meanwhile, newer companies like robotics firm Figure, founded in 2022, have quickly reached valuations of $39B.
Below is the full list of 431 California unicorn startups at this time.
Top 10 Most Valuable California Unicorns
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2,189 Accelerators & Incubators
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1,600+ Unicorns
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250 BioTech & Health Investors
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250 AI Investors
List of 250 startup investors in the AI and Machine Learning industries, along with their Twitter, LinkedIn, and email addresses.
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250 Fintech Investors
List of 250 startup investors in the FinTech and Finance industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50OpenAI operates as an AI research and deployment company, developing powerful models like GPT-4 and DALL-E. They are widely known for creating ChatGPT, the conversational AI that brought generative technology into the public spotlight.
| Valuation | $500B (Joined July 2019) |
| Headquarters | San Francisco, California, United States |
| Year Founded | 2015 |
| Founders | Andrej Karpathy, Durk Kingma, Elon Musk, Greg Brockman, Ilya Sutskever, John Schulman, Pamela Vagata, Sam Altman, Trevor Blackwell, Vicki Cheung, Wojciech Zaremba |
| Funding Amount | $78B |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Venture Round |
| Top Investors | TPG, NVIDIA, Andreessen Horowitz, Citi, Sequoia Capital |
SpaceX designs, manufactures, and launches some of the world's most advanced rockets and spacecraft. They are pioneering reusable rocket technology to reduce the cost of space access and are also building the Starlink satellite constellation for global internet service.
| Valuation | $400B (Joined December 2012) |
| Headquarters | Hawthorne, California, United States |
| Year Founded | 2002 |
| Founders | Elon Musk |
| Funding Amount | $11.8B |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Venture Round |
| Top Investors | Sequoia Capital, Founders Fund, Craft Ventures, Valor Equity Partners, Andreessen Horowitz |
Anthropic develops large-scale AI systems, including its family of models known as Claude. As a public-benefit corporation, its core research is focused on making AI safer, more reliable, and aligned with human values.
| Valuation | $183B (Joined February 2023) |
| Headquarters | San Francisco, California, United States |
| Year Founded | 2021 |
| Founders | Daniela Amodei, Dario Amodei, Jack Clark, Jared Kaplan, Sam McCandlish, Tom Brown |
| Funding Amount | $33.7B |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series F |
| Top Investors | General Catalyst, Menlo Ventures, Insight Partners, General Atlantic, TPG |
Databricks builds a unified platform for data and AI that combines data engineering, analytics, and machine learning. Their platform is built on a lakehouse architecture, which merges the capabilities of data lakes and data warehouses to simplify an organization's data stack.
| Valuation | $100B (Joined February 2019) |
| Headquarters | San Francisco, California, United States |
| Year Founded | 2013 |
| Founders | Ali Ghodsi, Andy Konwinski, Arsalan Tavakoli-Shiraji, Ion Stoica, Matei Zaharia, Patrick Wendell, Reynold Xin |
| Funding Amount | $21.8B |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Series J |
| Top Investors | NVIDIA, Gaingels, Andreessen Horowitz, Franklin Templeton, Blue Owl |
Stripe develops economic infrastructure for the internet, creating a suite of APIs for online payment processing. Their platform is widely used by businesses of all sizes to accept payments, send payouts, and manage their operations online.
| Valuation | $92B (Joined January 2014) |
| Headquarters | South San Francisco, California, United States |
| Year Founded | 2010 |
| Founders | John Collison |
| Funding Amount | $9.4B |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Venture Round |
| Top Investors | Founders Fund, Khosla Ventures, Andreessen Horowitz, Sequoia Capital, General Catalyst |
xAI develops artificial intelligence models with the ambitious goal of understanding the true nature of the universe. Their first major product, Grok, is an AI assistant known for its real-time knowledge and conversational style.
| Valuation | $50B (Joined May 2024) |
| Headquarters | Burlingame, California, United States |
| Year Founded | 2023 |
| Founders | Christian Szegedy, Elon Musk, Greg Yang, Igor Babuschkin, Kyle Kosic, Manuel Kroiss, Toby Pohlen, Yuhuai Wu |
| Funding Amount | $22.7B |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Corporate Round |
| Top Investors | Tribe Capital, Andreessen Horowitz, BlackRock, Sequoia Capital, NVIDIA |
Waymo develops autonomous driving technology designed to make getting around safer and easier for people and things. They are best known for their fully autonomous ride-hailing service, Waymo One, which operates in multiple cities.
| Valuation | $45B |
| Headquarters | Mountain View, California, United States |
| Year Founded | 2009 |
| Founders | Anthony Levandowski, Sebastian Thrun |
| Funding Amount | $11.1B |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series C |
| Top Investors | Fidelity, Tiger Global Management, Temasek Holdings, Silver Lake, Andreessen Horowitz |
Ripple develops enterprise blockchain technology to power faster and cheaper global payments. Their network, RippleNet, allows financial institutions to send money across borders more efficiently than legacy financial rails.
| Valuation | $40B (Joined December 2019) |
| Headquarters | San Francisco, California, United States |
| Year Founded | 2012 |
| Founders | Arthur Britto, Chris Larsen, Jed McCaleb, Ryan Fugger |
| Funding Amount | $793.8M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Venture Round |
| Top Investors | Abstract, Lightspeed Venture Partners, Citadel Securities, Pantera Capital, Andreessen Horowitz |
Figure develops autonomous general-purpose humanoid robots to handle dangerous jobs and alleviate labor shortages. Their flagship product, Figure 01, is designed for initial deployment in manufacturing, logistics, and warehousing.
| Valuation | $39B (Joined February 2024) |
| Headquarters | San Jose, California, United States |
| Year Founded | 2022 |
| Founders | Brett Adcock |
| Funding Amount | $1.9B |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series C |
| Top Investors | NVIDIA, Team Ignite Ventures, FJ Labs, Brookfield Asset Management, OpenAI |
JUUL Labs created an electronic cigarette system aimed at providing adult smokers with an alternative to combustible cigarettes. Their flagship product, a sleek vaporizer resembling a USB drive, gained massive popularity for its design and use of nicotine salt cartridges.
| Valuation | $38B |
| Headquarters | San Francisco, California, United States |
| Year Founded | 2015 |
| Founders | Adam Bowen, James Monsees |
| Funding Amount | $16.4B |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Venture Round |
| Top Investors | Bracket Capital, M13, Fidelity, Poseidon Asset Management, Tiger Global Management |
The Remaining 421 Unicorns Founded in California
The ten most valuable companies represent only a fraction of the growth happening in California. Many of the other major players are focused on artificial intelligence and financial technology. These businesses highlight the incredible range of new ideas and talent across the state. Here’s a look at the rest of the unicorn startups shaping California.