The Crunchbase Unicorn Board welcomed ten fresh faces in May 2023, doubling April's count, yet trailing behind May 2022's substantial total of 34. These new unicorns were unveiled in an investment climate where leading unicorn investor, [Tiger Global](https://www.crunchbase.com/organization/tiger-global), contemplates offloading its private company stakes as unicorn portfolio evaluations continue to be revised downwards.

![](img/знімок-екрана-2023-06-18-о-20.05.57.png)

Of the ten additions, nine different industries are represented with AI claiming two spots at the top. The remaining unicorns each represent a distinct sector, including energy, biotech, robotics, enterprise SaaS, and transportation.

Half of the new unicorns originated from the U.S., with two emerging from China, while Canada, Indonesia, and Japan each contributed one. The month of May saw $5 billion of the total $22 billion global venture funding allocated to these unicorn companies, which is less than half of the $11 billion acquired by unicorns in May 2022. 

![](img/знімок-екрана-2023-06-18-о-20.06.14.png)

The biggest funding for the month was secured by [Shein](https://www.sheincorp.cn/), a fast-fashion e-commerce platform, raising $2 billion in one round at a decreased valuation of $66 billion.

***Here are the newcomers:***

## AI 

Toronto's [Cohere](cohere.com), an AI-based large language model creator for enterprises, raised $270 million in its Series C funding round, led by [Inovia Capital](https://www.inovia.vc/). This has valued the 4-year-old company at $2.2 billion. 

New York's [Runway](https://runwayml.com/), an AI firm specializing in generative video, secured $100 million in a Series D round led by [Google](https://thecymes.com/article/googles-bard-chatbot-made-a-factual-error-during-its-first-demo-the-mistake-cost-the-company-100-billion), achieving a valuation of $1.5 billion.

Another notable AI startup that warrants attention is IDvizer, a facial recognition technology provider striving to revolutionize business security solutions. Their latest offering, IDvizer's Fastest Face ID, is a B2B identity recognition platform that verifies end-users in less than a second, irrespective of the device in use. This product has made waves in the AI industry for its innovative approach to security and its ability to deliver unique user experiences across various fields. [Learn more about IDvizer and its Fastest Face ID in our previous article](https://thecymes.com/article/a-brand-new-way-for-businesses-to-verify-users-idvizer-builds-the-fastest-face-id).

## Energy 

[Ryefield Energy](https://www.fox-ess.com.cn/), a China-based battery energy storage firm, raised $140 million led by [Sparkedge Capital](https://www.crunchbase.com/organization/sparkedge-capital), reaching a valuation of $1.4 billion.

## Agtech 

[eFishery](http://efishery.com/), an Indonesia-based developer of IoT feeding devices and an e-commerce platform for aquafarmers, raised $108 million in a Series D round led by Abu Dhabi PE fund [G42 Expansion Fund](https://www.42xfund.com/), reaching a valuation of $1.3 billion.

## Cleantech 

Gradiant from Massachusetts, a company dedicated to aiding water-dependent enterprises in wastewater reduction and treatment, secured $225 million in a Series D round led by BoltRock Holdings and Centaurus Capital, thereby valuing the company at $1 billion.

## Enterprise SaaS 

Restaurant365, an Irvine, California-based restaurant management software firm, secured $135 million, hitting the $1 billion valuation mark. The funding round was led by private equity firms Kohlberg Kravis Roberts and L Catterton.

## Proptech 

New York-based Avenue One, a proptech firm providing a comprehensive service platform for rental property buyers, raised $100 million led by WestCap. This round valued the company at $1 billion.

## Transportation 

GO, Tokyo's premier ride-hailing app, secured $72 million in a Series D round led by Goldman Sachs, which valued the company at $1 billion.

## Robotics 

Zhiyuan Robotics, a Shanghai-based humanoid robot developer, raised a funding round led by Baidu Capital, achieving a $1 billion valuation. The exact amount raised remains undisclosed.

## Biotech 

Chicago's VectorBuilder, a firm specializing in gene delivery technology, completed a funding round that saw the company reach a valuation of $1 billion.

Correction: Cohere's funding round has been updated to $270 million and its valuation to $2.2 billion based on an updated funding announcement.

[The Crunchbase Unicorn Board](https://www.crunchbase.com/lists/exited-unicorns/9436a996-90a9-40bc-91c0-a7d239de07f1/organization.companies) is a curated list of privately-held unicorn companies valued at $1 billion or more, based on Crunchbase data. Additions are made as companies hit the $1 billion mark during funding rounds. Internal company valuations are not reflected, as these often differ and are usually lower than a priced funding round. Adjustments are not made for investor writedowns, which vary quarterly, as different investors may not consistently value the same company within the same quarter.

Please note that all funding values are in U.S. dollars unless specified otherwise. Foreign currency transactions are converted at the historic spot price even if they were added to Crunchbase long after the event was announced.

Illustration: Dom Guzman\
Photo by [Alex Rybin](https://unsplash.com/@alexrybin?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText) on [Unsplash](https://unsplash.com/images/animals/unicorn?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText)\
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*Note: The information provided in this article is sourced from Crunchbase News, and presents an analysis of the emerging unicorns and investment trends in May 2023*


 Explore the dynamic shift in the unicorn landscape in May 2023, featuring an increase in AI startups, fluctuating venture funding trends, and diverse industry representation. Get detailed insights into the new unicorns' origin, industry, and valuation.

May 2023 Unicorn Expansion | AI Dominance & Global Venture Funding Insights

May's Double-Digit Unicorn Growth Highlights Two AI Players

Through data and AI, the methods of a skilled salesperson can be quantified and become the basis for how an entire sales organization works. "With AI, insights become data-driven and shared with everyone. I am convinced that it will radically change the sales industry because it creates a completely new opportunity for collaboration at the team level," says Kevin Östlin, CTO of AI-based sales tool Zaplify.

Selling has traditionally been about people and relationships - building trust between the salesperson and the buyer. This has made the profession complex, as it has been difficult to understand why one salesperson successfully closes a deal while others do not. The knowledge, experience, and intuition of a skilled salesperson have been challenging to pass on. This becomes especially evident when such a person leaves the organization.

The development of AI has changed the rules of the game by opening up a whole palette of new possibilities. `"Applying machine learning and natural language processing on top of automated processes takes the sales team to the next level. With that toolbox, every salesperson can handle larger volumes of prospects without sacrificing their personal approach. At the same time, the process generates data-driven insights for the rest of the team about which approach actually works best. The conversion rate improves while the salespeople learn more from each other and can grow in their roles," `says Kevin Östlin.

Zaplify finds the right customer at the right time At Zaplify, several areas within sales have been identified where AI will radically transform the sales process: how to find potential customers and optimize how to reach out to them, how forecasting can be automated, and how to achieve incredibly efficient administration. `"It's about identifying the right customer for the right moment, personalizing communication, and automating processes to eliminate mundane tasks and avoid duplicative work," `says Kevin Östlin.

In Zaplify's platform, there are access to just over 600 million leads across 147 different industries that can be reached through a search engine that Zaplify has made self-learning with the help of AI. `"In a very simple and time-efficient way, the salesperson gets their leads. These leads can then be connected with insights on how to best reach out to them. It's very powerful to have both lead generation and outreach in the same system. This allows for a highly efficient approach to driving new customer engagement,"` says Kevin Östlin.

Zaplify can increase sales by 30 percent Zaplify's platform is a subscription-based service primarily targeting small and medium-sized businesses in the B2B segment. Joshua Ellis, CMO of Zaplify, explains that the company, founded in 2020, already has hundreds of customers. On average, customers have seen a 30 percent improvement in sales after using the product. `"We have taken a unique position in the market compared to our competitors. We have built a product that, thanks to a user-friendly interface, makes powerful technology accessible even to the smaller companies out there. We know that the majority of management teams understand that automated sales is the future,"` he says, concluding: `"If small and medium-sized companies that start using our tool scale up their operations, we will grow with them. Two licenses become four, four become eight, and so on. We believe in a strategy where we grow together with our customers."`\
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The material was translated from the di.se website

Understanding why one salesperson succeeds while another fails has been difficult to measure and teach - until now.

How AI will transform the sales process - and here's the solution that will boost your sales quickly!

When it comes to artificial intelligence chats, Bing Chat and ChatGPT are two of the newest and most widely available options on the market. While they are both based on similar language models, there are some key differences between the two that are worth considering.

Bing AI and Chat GPT AI generation

Battle of the AI Titans: A Comprehensive Comparison between Bing AI and Chat GPT

The real estate industry is undergoing a massive transformation thanks to advances in technology. With the advent of chatbots, real estate agents now have access to a powerful tool that can help them automate their business processes, save time, and increase their productivity. In this article, we will explore how ChatGPT, a large language model trained by OpenAI, is revolutionizing the real estate industry and providing real estate agents with a competitive edge.

## What is ChatGPT?

ChatGPT is a conversational AI tool that uses natural language processing to understand and respond to customer inquiries. It is a type of chatbot that can converse with customers in real-time and provide them with relevant information based on their queries. ChatGPT is designed to be user-friendly, and it can be integrated with various messaging platforms, such as Facebook Messenger, WhatsApp, and Slack.

## How ChatGPT is Revolutionizing the Real Estate Industry

1. Providing 24/7 customer support: ChatGPT enables real estate agents to provide 24/7 customer support to their clients. With ChatGPT, customers can get their queries answered even outside of normal business hours, which can lead to better customer satisfaction.
2. Saving time: ChatGPT can help real estate agents save time by automating routine tasks, such as scheduling appointments, sending reminders, and answering frequently asked questions. This frees up agents to focus on more important tasks, such as closing deals and building relationships with clients.
3. Personalizing customer interactions: ChatGPT can personalize customer interactions by analyzing customer data and providing relevant recommendations. For example, ChatGPT can recommend properties based on a customer's budget, location preferences, and other criteria.
4. Generating leads: ChatGPT can be used to generate leads by engaging with customers and collecting their contact information. This information can then be used by real estate agents to follow up with potential clients and close deals.
5. Improving customer engagement: ChatGPT can improve customer engagement by providing a seamless and convenient experience for customers. By using ChatGPT, customers can get their queries answered quickly and efficiently, which can lead to better customer satisfaction and loyalty.

![](img/знімок-екрана-2023-03-15-о-15.29.03.png)

## How Real Estate Agents Can Use ChatGPT

Real estate agents can use ChatGPT in a variety of ways to improve their business processes and provide better customer service. Here are some examples:

1. Answering frequently asked questions: Real estate agents can use ChatGPT to answer frequently asked questions about properties, pricing, and other related topics. This can save agents time and enable them to focus on more important tasks.
2. Scheduling appointments: ChatGPT can be used to schedule appointments with clients, send reminders, and confirm appointments. This can help real estate agents stay organized and manage their schedules more efficiently.
3. Providing property recommendations: ChatGPT can provide property recommendations based on a customer's budget, location preferences, and other criteria. This can help real estate agents personalize their interactions with customers and provide a better experience.
4. Generating leads: ChatGPT can be used to generate leads by engaging with customers and collecting their contact information. This information can then be used by real estate agents to follow up with potential clients and close deals.
5. Improving customer engagement: ChatGPT can improve customer engagement by providing a seamless and convenient experience for customers. By using ChatGPT, customers can get their queries answered quickly and efficiently, which can lead to better customer satisfaction and loyalty.

In conclusion, ChatGPT is revolutionizing the real estate industry by providing real estate agents with a powerful tool that can automate their business processes, save time, and increase their productivity.


Discover how ChatGPT, a conversational AI tool, is transforming the real estate industry by automating business processes, improving customer engagement, and generating leads. This comprehensive guide explores the benefits of using ChatGPT for real estate agents, providing practical examples and tips for implementation.

How ChatGPT is Revolutionizing the Real Estate Industry: A Comprehensive Guide for Real Estate Agents

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