San Jose is the base for 11 unicorn startups, with a strong concentration in artificial intelligence. These companies span from robotics to enterprise software.
The group is led by AI robotics company Figure, which reached a $39B valuation since its founding in 2022. Other major players include Automation Anywhere, a digital workforce platform valued at $7B.
Below is the full list of 11 San Jose unicorn startups at this time.
Top 10 Most Valuable San Jose Unicorns
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250 Fintech Investors
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Get the Sheet for $50Figure is building autonomous humanoid robots to work alongside people in the real world. These general-purpose robots are designed to take on dangerous and undesirable jobs, starting with manufacturing and logistics.
| Valuation | $39B (Joined February 2024) |
| 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 |
Automation Anywhere builds an intelligent automation platform that combines robotic process automation (RPA) and AI to help companies deploy a digital workforce. Their technology is used to automate business processes from end to end, freeing up employees to focus on higher-value work.
| Valuation | $7B (Joined July 2018) |
| Year Founded | 2003 |
| Founders | Ankur Kothari, Mihir Shukla, Neeti Mehta, Rushabh Parmani |
| Funding Amount | $1.1B |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Venture Round |
| Top Investors | Workday Ventures, Salesforce Ventures, Goldman Sachs, General Atlantic, New Enterprise Associates |
Cohesity develops a single platform to manage and secure enterprise data, simplifying everything from backups to analytics. They are known for unifying secondary data storage and protection, which allows organizations to reduce complexity and better utilize their data.
| Valuation | $7B (Joined June 2018) |
| Year Founded | 2013 |
| Founders | Mohit Aron |
| Funding Amount | $955M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series H |
| Top Investors | Battery Ventures, Madrona, Accel, NVIDIA, Sequoia Capital |
Lambda builds a specialized AI cloud that gives developers the GPU infrastructure needed to train and deploy machine learning models. They are known for providing access to high-performance hardware through both on-demand cloud services and on-premise clusters.
| Valuation | $3B |
| Year Founded | 2012 |
| Founders | Michael Balaban, Stephen Balaban |
| Funding Amount | $1.7B |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series D |
| Top Investors | NVIDIA, Gaingels, Citi, B Capital, Alumni Ventures |
Signifyd builds an enterprise-grade fraud protection platform for e-commerce stores. Their technology eliminates chargebacks and customer abuse, helping retailers automate the customer experience and maximize conversions.
| Valuation | $1.34B (Joined April 2021) |
| Year Founded | 2011 |
| Founders | Mike Liberty, Rajesh Ramanand |
| Funding Amount | $409M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series E |
| Top Investors | Andreessen Horowitz, Neuberger Berman, QED Investors, Menlo Ventures, Bain Capital Ventures |
Lyten develops and manufactures supermaterials used to build low-carbon footprint products. They apply these advanced materials to create next-generation batteries and other components for the industrial and manufacturing sectors.
| Valuation | $1.33B (Joined September 2023) |
| Year Founded | 2015 |
| Founders | Daniel Cook, Lars Herlitz, Scott Mobley, William Wraith III |
| Funding Amount | $367M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Venture Round |
| Top Investors | Amazon Web Services, Triatomic Capital, FedEx, US Department of Energy, Stellantis Ventures |
CloudBees builds a software delivery platform that helps enterprises create scalable, compliant, and secure applications. They are known for their focus on DevOps and continuous delivery, empowering developers to ship better software faster.
| Valuation | $1.15B (Joined December 2021) |
| Year Founded | 2010 |
| Founders | Adrian Brock, François Déchery, Michael Neale, Ryan Campbell, Sacha Labourey, Vivek Pandey |
| Funding Amount | $356.2M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series F |
| Top Investors | HSBC, Bridgepoint, Golub Capital, Unusual Ventures, Lightspeed Venture Partners |
Visby Medical builds a handheld PCR platform that provides rapid diagnostic results for infectious diseases without requiring extra instruments. Their single-use device offers the accuracy of a lab-based test in a format designed for immediate use at the point of care.
| Valuation | $1.12B (Joined March 2022) |
| Year Founded | 2012 |
| Founders | Adam de la Zerda |
| Funding Amount | $435.8M |
| Company Size | Mid-Size Team (51-250) |
| Last Funding Status | Venture Round |
| Top Investors | CARB-X, Catalio Capital Management, Lightrock, Plug and Play, Pitango VC |
Ayar Labs builds optical I/O solutions that accelerate data movement for large-scale AI workloads. Their hardware uses light to transmit data between chips, overcoming the limitations of traditional electrical interconnects in high-performance computing.
| Valuation | $1B (Joined December 2024) |
| Year Founded | 2015 |
| Founders | Alex Wright-Gladstein, Chen Sun, Mark Wade, Milos Popovic, Rajeev Ram, Vladimir Stojanovic |
| Funding Amount | $374.7M |
| Company Size | Mid-Size Team (51-250) |
| Last Funding Status | Series D |
| Top Investors | National Science Foundation, Advent International, Alumni Ventures, NVIDIA, Founders Fund |
Vectra AI develops an AI-powered platform for hybrid attack detection, investigation, and response. Their technology provides an integrated signal that prioritizes threats and reduces alert fatigue for security teams.
| Valuation | $1B |
| Year Founded | 2011 |
| Founders | Albert Marko, Hitesh Sheth, James Harlacher, Marc Rogers, Mark Abene |
| Funding Amount | $352.5M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series F |
| Top Investors | Khosla Ventures, Juniper Networks, TCV, Wipro Ventures, Accel |
The Remaining Unicorn Founded in San Jose
The top ten companies get a lot of attention, but they are just one part of San Jose's startup story. Other founders are also building valuable companies that are quietly making a big impact.
The final company on our list is a long-standing player in enterprise software. Here is a closer look at the last unicorn shaping the city's tech landscape.