// SECTOR DOSSIER

AI Unicorns

Every AI unicorn we track — 142 private companies valued $1B or more, tiered by paper valuation. Combined balance sheet myth: $3,622B.

TIER 1 // APEX TARGETS

The Hectacorns $100B+ · 6

TIER 2 // PRIORITY TARGETS

The Decacorns $10B – $99B · 26

TIER 3 // STANDING HORDE

The Unicorn Herd $1B – $9.9B · 110