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Download The List of the 100 Highest-Valued Unicorns

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The Founder's Handbook

Top 7 Advanced Materials Unicorns in 2024

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Have you ever wondered which private companies in the Advanced Materials industry have the highest valuations?

You’re not alone.

There are lots of unicorn companies in this space, and it can be difficult to keep track of them all.

We've decided to take a deep dive and put together a list containing 7 Advanced Materials unicorn startups, from highest to lowest valuation.

7 Advanced Materials Unicorns Companies

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1) Redwood Materials

Redwood Materials

Redwood Materials is a battery recycling startup that makes electric vehicles and sustainable materials for circular supply chains.

Details of the startup:

  • Valuation: $3.70B (July 2021)
  • Country: United States
  • State: Nevada
  • City: Carson City
  • Started in: 2017
  • Founders: JB Straubel
  • Number of employees: 50-100
  • Funding: $792.00M
  • Funding rounds: 5
  • Number of investors: 13

You can find their website here.

2) ICON

ICON

ICON is a construction technology company that is revolutionising homebuilding by utilising 3D robotics, software, and advanced materials.

Details of the startup:

  • Valuation: $1.57B (February 2022)
  • Country: United States
  • State: Texas
  • City: Austin
  • Started in: 2017
  • Founders: Alex LeRoux, Evan Loomis, Jason Ballard
  • Number of employees: 251-500
  • Funding: $451.50M
  • Funding rounds: 6
  • Number of investors: 32

You can find their website here.

3) StoreDot

StoreDot

StoreDot is a battery developer and materials innovation leader, developing ground-breaking battery technologies for electric vehicles.

Details of the startup:

  • Valuation: $1.50B (January 2022)
  • Country: Israel
  • City: Herzliya
  • Started in: 2012
  • Founders: Doron Myersdorf, Gil Rosenman, Simon Litsyn
  • Number of employees: 100-250
  • Funding: $206.00M
  • Funding rounds: 13
  • Number of investors: 14

You can find their website here.

4) Ouyeel

Ouyeel

Ouyeel Trading Platform is an online platform for Chinese steelmakers to buy and sell their excess production. The platform enables Chinese steelmakers to share products, improve efficiency and reduce costs.

Details of the startup:

  • Valuation: $1.45B (June 2019)
  • Country: China
  • State: Shanghai
  • City: Shanghai
  • Started in: 2015
  • Number of employees: 250-500
  • Funding: $433.72M
  • Funding rounds: 2
  • Number of investors: 9

You can find their website here.

5) Spiber

Spiber

Spiber is a Japanese biomaterials company engaged in the research of synthetic spider silk and other protein-based materials.

Details of the startup:

  • Valuation: $1.22B (September 2021)
  • Country: Japan
  • City: Tsuruoka
  • Started in: 2007
  • Founders: Kazuhide Sekiyama, Sugawara Junichi
  • Number of employees: 100-250
  • Funding: $911.62M
  • Funding rounds: 17
  • Number of investors: 21

You can find their website here.

6) Axiom Space

Axiom Space

Axiom Space is an international company developing a commercial space station for the purpose of conducting scientific research and manufacturing products requiring weightlessness.

Details of the startup:

  • Valuation: $1.00B (February 2021)
  • Country: United States
  • State: Texas
  • City: Houston
  • Started in: 2016
  • Founders: Kam Ghaffarian, Michael Suffredini
  • Number of employees: 250-500
  • Funding: $230.00M
  • Funding rounds: 7
  • Number of investors: 23

You can find their website here.

7) Zhaogang

Zhaogang

Zhaogang.com is a website that serves the world’s metal industry with up-to-date information on worldwide steel pricing, demand, and availability.

Details of the startup:

  • Valuation: $1.00B (June 2017)
  • Country: China
  • State: Shanghai
  • City: Shanghai
  • Started in: 2012
  • Founders: Dong Wang
  • Number of employees: 500-1,000
  • Funding: $361.25M
  • Funding rounds: 6
  • Number of investors: 14

You can find their website here.

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