Unicorn companies are privately held startups valued at over $1 billion, showcasing exceptional growth and innovation. Coined by venture capitalist Aileen Lee in 2013, the term reflects the rarity and high potential of these firms. Unicorns disrupt traditional industries with groundbreaking technologies and new business models, spanning sectors like technology, healthcare, and finance. Originating globally, they symbolize the rapid pace of innovation and investment in today’s market.