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Artificial intelligence dominates this year’s list of 25 venture-backed startups we think most likely to reach a $1 billion valuation. Edited by Amy Feldman, Forbes Staff Editorial Operations: Elisabeth Brier Reporters: Emily Baker-White, Jeremy Bogaisky, Moya Johnson, Richard Nieva and Rashi Shrivastava This is the 11th year we have partnered with TrueBridge Capital Partners to scour the land for budding unicorns. To qualify, startups must be venture-backed, based in the U.S. and (currently) worth less than $1 billion. Unsurprisingly, artificial intelligence dominates this year—20 of the 25 companies are AI-focused, with applications in military, accounting and health tech. Pay attention to this list: Our track record is superb. Of the 250 alumni, 140, or 56%, became unicorns, including DoorDash, Figma and Anduril. Forty-two were acquired; only two went public for less than $1 billion. Just five—2% of our selections—have imploded or shut down. Founders: Robert Coe, Mike Monovoukas (CEO), Lee Smith Equity raised: $83 million Estimated 2024 revenue: $18 million Lead investors: Benchmark, Iconiq Growth, Redpoint If you want to build medical devices, you need patients. Boston-based AcuityMD helps manufacturers find the right physicians based on the patients they treat by using de-identified data (think surgical histories, medical referrals) for 325 million people to craft marketing plans. Customers include Synchron, which used it to find patients for a brain-computer interface preclinical trial, and Intellijoint, which did so to market a new surgical tool for hip and knee replacements. Founders: Arthur Leopold (CEO), Jonathan Meyers Equity raised: $16 million Estimated 2024 revenue: $2 million Lead investors: AlleyCorp, Benchmark, Craft There are lots of influencers on the internet, and finding the right one for an ad campaign can be frustrating and time-consuming. Enter New York City–based Agentio, which offers a marketplace of creators so brands can easily find which influencers will work…

