Unicorn startups are companies that experience rapid revenue growth and that have already achieved a market capitalization of $1 billion and more. Nowadays, unicorns come mostly from dynamic industries that are growing rapidly themselves, for example, the IT industry.
Most unicorns are trendsetters in their field, focus on the consumer, and target the international market. 87% of them are focused on software, 7% are working on hardware products, and the remaining 6% are focusing on services.
Examples of Ukrainian unicorns include:
GitLab - a modern DevOps tool for developers.
Ring - a system for smart home and home security.
Table: Ranking of Ukrainian Unicorn startups (2021)