Forbes' Next Billion-Dollar Startups 2025: AI Dominates the List

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

The main focus is on AI-focused, U.S.-based, venture-backed companies valued under $1 billion, with 20 out of 25 highlighted startups leveraging artificial intelligence across various applications.

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

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

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

Startups are selected through a nomination and evaluation process that filters for U.S. venture-backed companies under $1 billion, combining journalists’ reporting with quantitative analysis to identify high-potential private startups.

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 sectors do the AI-focused startups on the list cover?

The AI-focused startups span applications from healthcare and accounting to defense and creative tooling, showcasing the broad applicability of AI technologies.

Which Boston startup is featured on the list and what does it do?

AcuityMD, a Boston startup, helps manufacturers find the right physicians based on patient treatment data, using de-identified data for 325 million people to craft marketing plans.

What New York startups are included in the list and their focus areas?

New York startups include Agentio (a marketplace for creators and brands), Basis (AI accounting software), Graphite (AI assistant for code reviews), and Rogo (chatbot for junior bankers).

Are there any Los Angeles-area startups on the list?

Yes, including Apex, a small-satellite manufacturer with Department of Defense business, and Stan, which helps individuals with online fame monetize their success through an online storefront.

What is Forterra and why is it notable?

Forterra is a Maryland startup that has won a $93 million contract from the U.S. Army to produce mine-clearing robots and is part of a team building self-driving missile launchers for the Marines.

How can startups benefit from being on Forbes’ Next Billion-Dollar Startups list?

Being on the list can provide significant visibility, credibility, and potentially attract further investment, given the list’s historical success in identifying future unicorns.