This chart of unicorn valuation multiples ranks 37 private companies by their valuation-to-revenue ratios. AI-native firms stand out at the top, with Waymo at 600x, Bolt at 393x, and Perplexity at 90x. In comparison, most non-AI and fintech companies show more modest multiples, often near or below the public SaaS average of 7x. The chart reveals how investor enthusiasm for AI is driving valuations far ahead of revenue, reflecting strong confidence in the sector’s future growth.