Colorado is home to 21 unicorn startups across many industries. The state's top companies include quantum computing firm Quantinuum, valued at $11B, and AI infrastructure company Crusoe Energy Systems at a $10B valuation.
Other major players are also present, such as commercial space company Sierra Space, which has secured $1.7B in funding.
Below is the full list of 21 Colorado unicorn startups at this time.
Top 10 Most Valuable Colorado 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 $50Quantinuum accelerates quantum computing by building high-performance quantum computers and developing applications for fields like chemistry, cybersecurity, and finance. Their team combines world-class hardware with sophisticated software to address problems in areas from drug discovery to financial modeling.
| Valuation | $11B |
| Year Founded | 2021 |
| Founders | Ilyas Khan |
| Funding Amount | $925M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series B |
| Top Investors | Korea Investment Partners, NVentures, QED Investors, Amgen, JP Morgan Chase |
Crusoe Energy Systems builds and operates data centers designed for AI and high-performance computing. They are known for powering their infrastructure with otherwise wasted energy, like flared natural gas, to lower the costs and environmental impact of computation.
| Valuation | $10B |
| Year Founded | 2018 |
| Founders | Chase Lochmiller, Cully Cavness |
| Funding Amount | $3.9B |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series E |
| Top Investors | Valor Equity Partners, Mubadala Capital, NVIDIA, Lowercarbon Capital, Franklin Templeton |
Sierra Space develops commercial space technologies, including the reusable Dream Chaser spaceplane. They are building an end-to-end business and technology platform in low Earth orbit to support the future of the space economy.
| Valuation | $5B |
| Year Founded | 2021 |
| Founders | Eren Ozmen, Fatih Ozmen |
| Funding Amount | $1.7B |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series B |
| Top Investors | Coatue, General Atlantic, MUFG Bank, BlackRock Private Equity Partners, AE Industrial Partners |
Guild has built a career opportunity platform that helps companies offer education as a benefit to their employees. Through their marketplace, working adults can access classes, programs, and degrees to advance their careers without taking on debt.
| Valuation | $4B |
| Year Founded | 2015 |
| Founders | Brittany Stich, Chris Romer, Rachel Romer |
| Funding Amount | $643.2M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series F |
| Top Investors | FPV Ventures, General Catalyst, Bessemer Venture Partners, Salesforce Ventures, Wellington Management |
JumpCloud provides an open directory platform for secure, frictionless access from any device to any resource, anywhere. They help IT teams consolidate identity, access, and device management into a single, cloud-based solution.
| Valuation | $3B (Joined September 2021) |
| Year Founded | 2012 |
| Founders | Antoine Vincent Jebara, David Campbell, Gregory Keller, Larry Middle, Rajat Bhargava, Topher Marie |
| Funding Amount | $416.8M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series F |
| Top Investors | General Atlantic, Alumni Ventures, Techstars, Endeavor Catalyst, Sapphire Ventures |
Jetti Resources has developed a technology to extract copper from low-grade primary sulfides. Their process allows mining operations to tap into vast, previously uneconomical mineral sources.
| Valuation | $3B (Joined October 2022) |
| Year Founded | 2014 |
| Founders | Andrew Perlman, Michael Outwin |
| Funding Amount | $169.5M |
| Company Size | Lean Team (11-50) |
| Last Funding Status | Venture Round |
| Top Investors | Government of Canada, Teck, Kleiner Perkins, T. Rowe Price, Mitsubishi Corporation |
Pax8 runs a cloud commerce marketplace that helps IT professionals buy, sell, and manage technology solutions. Their platform simplifies the entire cloud journey for managed service providers by consolidating vendors, billing, and support.
| Valuation | $2B (Joined April 2022) |
| Year Founded | 2012 |
| Founders | John Street, Klaus Dimmler |
| Funding Amount | $395.5M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Venture Round |
| Top Investors | Avenir, Blue Cloud Ventures, Sageview Capital, SoftBank Vision Fund, HSBC |
Veho created a technology platform that modernizes last-mile delivery and returns for e-commerce companies. Their system uses a network of crowdsourced drivers to offer brands and their customers a premium, trackable shipping experience.
| Valuation | $2B (Joined December 2021) |
| Year Founded | 2016 |
| Founders | Frederick Cook, Itamar Zur, Lukas Keindl, Matt Graham |
| Funding Amount | $299.2M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series B |
| Top Investors | General Catalyst, Bling Capital, Industry Ventures, Plug and Play, Techstars |
Engine offers a modern travel platform for booking and managing business trips. Their software provides a centralized solution for companies to handle everything from flights and hotels to employee itineraries.
| Valuation | $2B |
| Year Founded | 2018 |
| Founders | Elia Wallen |
| Funding Amount | $221M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series C |
| Top Investors | Permira, Telescope Partners, Blackstone Group |
Uplight builds a software platform for energy providers to accelerate the clean energy transition. Their solutions help utilities manage grid decarbonization and improve customer engagement around energy efficiency.
| Valuation | $2B (Joined March 2021) |
| Year Founded | 2019 |
| Founders | — |
| Funding Amount | $39M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Private Equity |
| Top Investors | AES, Schneider Electric, Coatue, Inclusive Capital Partners, Huck Capital |
The Remaining 11 Unicorns Founded in Colorado
The ten most valuable companies are just a glimpse into Colorado's growing startup scene. Another wave of unicorns is tackling big problems, especially in healthcare and mobility.
These companies have raised a combined $4.6 billion to build their businesses. Here’s a look at the other unicorns that are defining the state's startup landscape.