As Bhavish Agarwal's Krutrim turns unicorn, which AI startups achieved the feat last year?

The company, launched in December 2023, is India's first AI unicorn, and the fastest company to reach that status.

In a significant development, Ola founder Bhavish Aggarwal's artificial intelligence (AI) startup, Krutrim, has become India's first AI unicorn, and the fastest company to reach that status. The company achieved this by raising an investment of $50 million (approx. ₹415 crore) in equity at a valuation of $1 billion (approx. ₹8300 crore), successfully closing its first round of funding, Krutrim said in a statement.

Ola founder Bhavish Aggarwal speaks at the 12th edition of INSIGHT: The DNA of Success, held at the Isha Foundation in Coimbatore.

‘Krutrim,' which has a name that translates to ‘artificial’ in Sanskrit, was founded in December last year. A ‘unicorn,’ meanwhile, is a privately-owned startup valued at $1 billion or more.

Here's a look at some AI startups that became unicorn in 2023:

According to crunchbase.com, as many as 15 AI startups became unicorn in 2023. These are:

Unicorn	Founded in	Headquarters	Most recent valuation	Funds raised till now
Adept AI	2022	San Francisco	$1 billion	$415 million
AI21 Labs	2017	Tel Aviv	$1.4 billion	$274 million
Character.ai	2021	Menlo Park	$1 billion	$150 million
Cohere	2019	Toronto	$2.2 billion	$435 million
CoreWeave	2017	Roseland	$2.4 billion	$427 million
DeepL	2009	Cologne	$1.1 billion	$100 million
Helsing	2021	Berlin	$1.8 billion	$341 million
Imbue	2021	San Francsico	$1 billion	$232 million
Light Years Beyond	2023	Beijing	$1.2 billion	$280 million
Replit	2016	San Francsico	$1.2 billion	$202 million
Runway	2018	New York City	$1.5 billion	$237 million
Quantexa	2016	London	$1.8 billion	$370 million
Synthesia	2017	London	$1 billion	$157 million
Typeface	2022	San Francisco	$1 billion	$165 million
Zhipu AI	2019	Beijing	$1.6 billion	$342 million