In Cambridge, many creative startups are changing different industries. This list shares the top 11 unicorns in Cambridge, each worth more than $1 billion. These leading companies are changing areas like, fintech, e-commerce, AI, etc, making Cambridge a center of innovation. Learn about the amazing companies that call Cambridge home.
List of Top 11 Unicorns in Cambridge
1. CMR Surgical
CMR Surgical is a UK-based medical technology company that develops surgical robotics systems to help surgeons perform minimally invasive procedures.
Company Details:
- Country: United Kingdom
- Valuation: $3B
- Industry: Health
- Founded Year: 2014
- Total Funding Raised: $986.3M
- Joined Unicorn Club: 9/17/2019
- Key Investors: Cambridge Innovation Capital, LGT Capital Partners, Escala Capital
- Total Investors: 14
- Total Funding Deals: 4
- Website: https://cmrsurgical.com/
2. Devo Technology
Devo Technology is a US-based cloud-native logging and security analytics company that provides solutions for monitoring and analysis of machine data. The company’s platform includes features such as log management, threat detection, and incident response, with a focus on improving operational efficiency and security posture. Devo Technology has partnerships with leading technology and security companies and has raised significant funding to support its growth.
Company Details:
- Country: United States
- Valuation: $2.00 B
- Industry: Data management & analytics
- Founded Year: –
- Total Funding Raised: –
- Joined Unicorn Club: 10/26/2021
- Key Investors: Insight Partners, Kibo Ventures, Bessemer Venture Partners
- Total Investors: –
- Total Funding Deals: –
- Website: https://www.devo.com
3. Tessera Therapeutics
Tessera Therapeutics is a US-based biotechnology company that provides solutions for gene editing and gene therapy. The company’s platform includes features such as CRISPR-based technologies, synthetic biology, and genomic sequencing, with a focus on enabling the development of innovative therapies for genetic diseases. Tessera Therapeutics has partnerships with leading research institutions and has raised significant funding to support its growth.
Company Details:
- Country: United States
- Valuation: $1.69 B
- Industry: Health
- Founded Year: –
- Total Funding Raised: –
- Joined Unicorn Club: 4/19/2022
- Key Investors: Altitude Life Science Ventures, SoftBank Group, Alaska Permanent Fund
- Total Investors: –
- Total Funding Deals: –
- Website: https://www.tesseratherapeutics.com/
4. Orna Therapeutics
Orna Therapeutics is a US-based biotechnology company that provides solutions for RNA therapeutics. The company’s platform includes features such as RNA stabilization, delivery, and targeting, with a focus on enabling the development of innovative therapies for genetic diseases and cancer. Orna Therapeutics has partnerships with leading research institutions and has raised significant funding to support its growth.
Company Details:
- Country: United States
- Valuation: $1.50 B
- Industry: Health
- Founded Year: –
- Total Funding Raised: –
- Joined Unicorn Club: 8/16/2022
- Key Investors: MPM Capital, Astellas Venture Management, F2 Ventures
- Total Investors: –
- Total Funding Deals: –
- Website: https://ornatx.com
5. Devo
Devo is a US-based data analytics company that provides solutions for real-time data processing and analysis. The company’s platform includes features such as log management, threat detection, and compliance reporting, with a focus on enabling businesses to gain insights from their data and improve their decision-making processes. Devo has partnerships with leading technology and cybersecurity companies and has raised significant funding to support its growth.
Company Details:
- Country: United States
- Valuation: $1.50B
- Industry: Data management & analytics
- Founded Year: 2011
- Total Funding Raised: $381M
- Joined Unicorn Club: 10/26/2021
- Key Investors: Insight Partners, Kibo Ventures, Bessemer Venture Partners
- Total Investors: 10
- Total Funding Deals: 3
- Website: https://devo.com/
6. Cambridge Mobile Telematics
Cambridge Mobile Telematics is a US-based mobile telematics company that provides solutions for usage-based insurance and fleet management. The company’s platform includes features such as driving behavior analysis, risk assessment, and driver coaching, with a focus on enabling insurers and fleet managers to improve safety and reduce costs. Cambridge Mobile Telematics has partnerships with leading insurers and technology companies and has raised significant funding to support its growth.
Company Details:
- Country: United States
- Valuation: $1.50B
- Industry: Mobile & telecommunications
- Founded Year: 2010
- Total Funding Raised: $502.5M
- Joined Unicorn Club: 12/19/2018
- Key Investors: SoftBank Group
- Total Investors: 1
- Total Funding Deals: –
- Website: https://www.cmtelematics.com/
7. Generate Biomedicines
Generate Biomedicines is a US-based biotechnology company that provides solutions for drug discovery and development using AI and machine learning. The company’s platform includes features such as predictive modeling, high-throughput screening, and multi-modal optimization, with a focus on enabling faster and more effective drug discovery. Generate Biomedicines has partnerships with leading pharma and biotech companies and has gained significant recognition for its innovative approach to drug discovery.
Company Details:
- Country: United States
- Valuation: $1.36 B
- Industry: Health
- Founded Year: –
- Total Funding Raised: –
- Joined Unicorn Club: 11/18/2021
- Key Investors: Altitude Life Science Ventures. T. Rowe Price, Morningside Venture Partners
- Total Investors: –
- Total Funding Deals: –
- Website: https://generatebiomedicines.com/
8. EQRx
EQRx is a US-based pharmaceutical company that provides solutions for affordable and accessible medicine. The platform includes features such as novel drug development, faster clinical trials, and value-based pricing, with a focus on enabling patients to access innovative and effective medicines at a lower cost. EQRx has partnerships with leading healthcare providers and has gained significant recognition for its innovative approach to pharmaceuticals.
Company Details:
- Country: United States
- Valuation: $1.23B
- Industry: Health
- Founded Year: 2020
- Total Funding Raised: $700M
- Joined Unicorn Club: 1/11/2021
- Key Investors: Nextech Invest, Casdin Capital, Google Ventures
- Total Investors: 8
- Total Funding Deals: 1
- Website: https://www.eqrx.com
9. Prime Medicine
Prime Medicine is a US-based biotechnology company that provides solutions for gene editing and therapeutic development. The platform includes features such as CRISPR-based gene editing technology, high-throughput screening, and disease modeling, with a focus on enabling the development of gene therapies for a wide range of diseases. Prime Medicine has partnerships with leading academic and biotechnology institutions and has gained significant recognition for its innovative approach to gene editing and therapeutic development.
Company Details:
- Country: United States
- Valuation: $1.20B
- Industry: Health
- Founded Year: 2019
- Total Funding Raised: $315M
- Joined Unicorn Club: 7/13/2021
- Key Investors: Newpath Partners, Google Ventures, F-Prime Capital
- Total Investors: 11
- Total Funding Deals: 1
- Website: https://www.primemedicine.com/
10. Inari
Inari is a US-based agricultural technology company that provides solutions for seed breeding and genetic engineering. The platform includes features such as gene editing technology, predictive analytics, and crop modeling, with a focus on enabling farmers to improve crop yields and reduce environmental impact. Inari has partnerships with leading agricultural and technology companies and has gained significant recognition for its innovative approach to seed breeding and genetic engineering.
Company Details:
- Country: United States
- Valuation: $1.20B
- Industry: Other
- Founded Year: 2016
- Total Funding Raised: $397M
- Joined Unicorn Club: 5/12/2021
- Key Investors: Flagship Pioneering, Alexandria Venture Investments, Investment Corporation of Dubai
- Total Investors: 10
- Total Funding Deals: 2
- Website: https://inari.com/
11. Solo.io
Solo.io is a US-based platform that provides solutions for application networking and security for cloud-native environments. The platform includes features such as API gateway, service mesh, and observability, with a focus on enabling businesses to securely and efficiently manage their cloud-native applications. Solo.io has partnerships with leading cloud and technology organizations and has gained significant recognition for its innovative approach to application networking and security.
Company Details:
- Country: United States
- Valuation: $1B
- Industry: Internet software & services
- Founded Year: 2017
- Total Funding Raised: $171.85M
- Joined Unicorn Club: 10/7/2021
- Key Investors: True Ventures, Altimeter Capital, Redpoint Ventures
- Total Investors: 3
- Total Funding Deals: 1
- Website: https://www.solo.io/
Conclusion
In conclusion, the top 11 unicorns we’ve explored are just a glimpse into the many success stories that continue to emerge from Cambridge. As these companies reshape industries and set new standards, Cambridge is sure to secure its place as a global leader in innovation and growth.