FAQ: Forbes' Next Billion-Dollar Startups 2025 Featuring AI Innovations

What is the main focus of Forbes’ Next Billion-Dollar Startups list for 2025?

The main focus is on artificial intelligence, with 20 out of 25 U.S.-based, venture-backed companies highlighted being AI-focused, spanning applications from healthcare to defense.

Why is the Forbes’ Next Billion-Dollar Startups list significant?

It’s significant because more than half of past alumni achieved unicorn status, indicating a strong track record of identifying high-potential startups.

How are companies selected for the Forbes’ Next Billion-Dollar Startups list?

Companies are selected through a nomination and evaluation process that filters for U.S. venture-backed companies valued under $1 billion, combining journalists’ reporting with quantitative analysis.

Who are some of the notable alumni from the Forbes’ Next Billion-Dollar Startups list?

Notable alumni include DoorDash, Figma, and Anduril, with more than half of past selections achieving unicorn status.

What are some examples of AI-focused startups on the 2025 list?

Examples include AcuityMD for healthcare marketing, Basis for AI accounting software, and Graphite for an AI assistant that speeds up code reviews.

Where are the startups on the Forbes’ Next Billion-Dollar Startups list based?

Startups are based across the U.S., including cities like Boston, New York, Los Angeles, and Maryland, covering a broad range of sectors.

What criteria are emphasized in selecting startups for the list?

Criteria include founders, early traction, investor backing, and 2024 revenue estimates, even if companies are still generating modest sales.

How does the Forbes’ Next Billion-Dollar Startups list benefit the selected companies?

Being on the list can provide significant visibility and credibility, potentially aiding in further investment and growth opportunities.

What is the historical success rate of companies featured on the Forbes’ Next Billion-Dollar Startups list?

56% of past alumni became unicorns, 42 were acquired, and only 2% imploded or shut down, showcasing a strong success rate.

Who are the lead investors for AcuityMD, a startup featured on the list?

AcuityMD’s lead investors include Benchmark, Iconiq, and Redpoint.