Forbes Next Billion-Dollar Startups 2025

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…