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

T his 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 (currently) worth less than $1 billion. Unsurprisingly, artificial intelligence dominates this year—20 of the 25 companies are AI-focused, with applications in military, accounting and health tech. Pay attention to this list: Our track record is superb. Of the 250 alumni, 140, or 56%, became unicorns

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