34 companies joined the Crunchbase Unicorn Board in June, adding over $110 billion in value. Ten AI labs, collectively worth $65 billion, include Beijing‑based Deep Seek, the most celebrated at $50 billion. The new frontier labs focus on novel AI architectures for robotics, physics, self‑learning and open‑source work, and one Indian startup pursues sovereign AI.

Despite newcomers, the board’s total value fell more than $1 trillion as Space X, the most valuable member, went public. Other exits included Anysphere (acquired by Space X for $60 billion), Modular (acquired by Qualcomm) and Fin (purchased by Salesforce).

June’s fresh unicorns ranged from Deep Seek’s $7.4 billion Series A to Shanghai’s Bulage and Bengaluru’s Sarvam AI, with valuations from $1 billion to $7 billion. The cohort spanned AI infrastructure, robotics, defense, and proptech, reflecting a broad tech spread.