An AI unicorn isn’t actually a dime a dozen, but they’re not exactly surprising at this point.
Six new unicorns were minted in May and, yep, two of them were AI companies, Crunchbase data released earlier this week showed. The first was Elon Musk’s xAI, valued at $24 billion after raising $6 billion from Andreessen Horowitz and Sequoia, among others. The second, Weka, also has a Musk connection: Musk associate Antonio Gracias’ Valor Equity Partners led the AI data platform’s $140 million Series E (Valor is also an investor in xAI).
