Currently, an estimated 517 global unicorns ' or private companies valued at $1 billion or more 1 ' raised their last known round more than three years ago, per Crunchbase data. Such companies are particularly abundant in certain sectors, including enterprise software, fitness, commerce, AI and analytics. The accumulation comes amid a sluggish period for tech IPO filings and large acquisitions. So far this year, we haven't seen any tech unicorns go public ' even those in hot spaces that recently raised big rounds. In addition, the amount of money that went into long-unfunded unicorns is substantial. Per Crunchbase data, the ones on our list collectively raised more than $260 billion, with $80 billion of that secured by U.S. unicorns. It's not hugely surprising. SaaS overall has had a challenging couple of years, with a market correction, belt-tightening by corporate customers, slower growth rates, and pressure to incorporate AI technology. The list of long-unfunded SaaS unicorns...
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