UNICORN EXITS HIT 2021 PEAK AS 13 STARTUPS REACH $1B+
■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE
Q2 marked the highest number of $1 billion-plus venture-backed startup exits since 2021, with thirteen companies achieving unicorn valuations through acquisitions or IPOs. This signals a recovery in high-value exit activity after a prolonged market slowdown.
■ MORE FROM THE STARTUPS DESK
Livestream shopping platform Whatnot has acquired AI startup Shaped to enhance its recommendation engine. The deal strengthens Whatnot's personalization capabilities as it expands into new product categories.
Amsterdam-based Monumental secured a $32 million Series B round led by Khosla Ventures. The company develops autonomous robotics and AI software for the construction industry.
Indian AI coding startup Emergent reached a $1.5 billion valuation in its latest funding round, raising $130 million in Series C and joining the unicorn club after a five-fold valuation jump in six months.
Rime, an AI platform processing over 100 million calls monthly, secured $24 million in Series A funding to expand its customer service solutions for enterprises.