195 companies became unicorns in H1 2026, more in six months than all of 2025.

Crunchbase's count published today: 195 versus 193 for all of last year, adding ~$440B in aggregate value on $80B raised. US took 110 (56%), China jumped to 38 from 10. DeepSeek at $50B, OKX at $25B, OpenAI Deployment Co. at $14B, Etched doubling to $10B in six months, Hadrian $1.6B → $7.9B in seven. The useful signal isn't in the list, it's in the omission: classic horizontal SaaS doesn't appear in the leading sectors at all.