Technology Sector Companies Dominated Unicorn Global in October 2023

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Nabilah Muhamad 10/11/2023 19:59 WIB

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According to a CB Insights report, the majority of the world's unicorn companies operate in the technology sector. Their number reached 317 in October 2023.

Number of Global Unicorn Companies by Sector (October 2023)

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Number of Global Unicorn Companies by Sector (October 2023)

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CB Insights, a US-based business research firm, has released a list of startups with unicorn status, meaning they have a valuation of at least US$1 billion.

The report notes that there were 1,220 unicorn companies spread across 57 countries as of October 19, 2023. Their accumulated value is estimated to be over US$3.8 trillion.

By sector, global unicorns are dominated by technology companies. They number 317, accounting for 30.40% of the total unicorns worldwide. Several well-known technology companies are included in this list, such as Databricks, OpenAI, Canva, and Miro.

Second place is occupied by unicorns in the financial services sector, with 216 companies or 17.70%. Several Indonesian unicorns are included in this group, including DANA, Xendit, and Ajaib.

Unicorns in the consumer and retail sector follow in third place, with 213 companies accounting for 17.45% of the global total.

In addition, there are unicorns from the industrial, healthcare and science, media and entertainment, and insurance sectors, with the number of companies as shown in the graph [Note: Graph not included in provided text].

In this list, the CB Insights research team displays not only unicorn companies, but also decacorns (valuation over US$10 billion) and hectocorns (over US$100 billion).

(See also: [Link to Indonesian article])

Editor : Erlina Fury Santika

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Technology Sector Companies Dominated Unicorn Global in October 2023

Technology Sector Companies Dominated Unicorn Global in October 2023

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Technology Sector Companies Dominated Unicorn Global in October 2023

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