Around 60% of new unicorns are GenAI startups, says VC firm Accel

Around 60% of new unicorns are GenAI startups, says VC firm Accel

AI (Artificial Intelligence) letters and robot miniature in this illustration taken, June 23, 2023. REUTERS/Dado Ruvic/Illustration

Generative artificial intelligence (GenAI) companies have become the major driver of unicorns—startups reaching $1 billion valuation—with 60% of the new ones falling in this category, according to a report from venture capital firm Accel.

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