---
title: FALLEN UNICORNS
description: "The AI boom that funneled more than $250 billion into OpenAI and Anthropic ahead of their expected mega-IPOs this year has left hundreds of startups built before ChatGPT’s arrival in 2022 stranded — effectively cut off from venture funding because of their inflated valuations and outdated technology, yet not profitable enough for the public markets.\n\nMore than 220 companies that had reached billion-dollar valuations in the venture boom are now fallen unicorns, according to PitchBook, which provided a list of the companies exclusively to CNBC. The estimates are based on factors including head count growth and comparisons with public companies.\n\nSource: CNBC"
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [FALLEN UNICORNS](https://blog.syzgroup.com/syz-the-moment/fallen-unicorns)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Jun 2, 2026, 3:20:35 PM

[View full post](https://blog.syzgroup.com/syz-the-moment/fallen-unicorns)

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