Two New Unicorns in October – Bringing the Grand Total to 12
Congratulations to both Skeleton Technologies and Blackwall for exceeding a $1B valuation, giving them an official unicorn status!
Buzzing of a new unicorn began in September when Prudentia and Siena Secondary Fund published the TopTech 2026 list. There you can find cybersecurity startup Blackwall in fifth place with a valuation of $1.03B - up 368% from the year before.
Usually, unicorn statuses are tied together with funding round announcements. TopTech does independent research and their valuations also take into account market caps, fair-value estimates, and information disclosed discreetly to the team.
Blackwall officially announced their Series C at a $2.2B valuation, which exceeded even TopTech's expectations. This places them as Estonia's third most valuable tech startup behind Wise and Bolt.
In between TopTech publishing the valuation list and Blackwall officially announcing their funding round, supercapacitor startup Skeleton Technologies came public with a strategic partnership with Siemens. The valuation isn't public, but CEO Taavi Madiberk said it's in the nine figures, which brings them to unicorn status.
Congratulations to everyone at both Skeleton Technologies and Blackwall for the milestones!
Usually, unicorn statuses are tied together with funding round announcements. TopTech does independent research and their valuations also take into account market caps, fair-value estimates, and information disclosed discreetly to the team.
Blackwall officially announced their Series C at a $2.2B valuation, which exceeded even TopTech's expectations. This places them as Estonia's third most valuable tech startup behind Wise and Bolt.
In between TopTech publishing the valuation list and Blackwall officially announcing their funding round, supercapacitor startup Skeleton Technologies came public with a strategic partnership with Siemens. The valuation isn't public, but CEO Taavi Madiberk said it's in the nine figures, which brings them to unicorn status.
Congratulations to everyone at both Skeleton Technologies and Blackwall for the milestones!
