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Which business to choose to make a billion


Alina Prikhodko

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Do you want to start your own business and earn a billion? According to experts, there are two industries that have recently generated billions in revenue. Entrepreneur spoke about business trends that will lead to financial success.

Cybersecurity and artificial intelligence have become the most successful industries for startups in 2023. Companies founded in these areas eventually became “unicorns,” that is, they achieved billions of dollars in turnover.

Estimated Morningstar PitchBook Global Unicorn Vertical Indexes, in 2023, the value of cybersecurity unicorn startups grew by 24,3% and artificial intelligence by 22,9%.

Overall, 2023 proved to be a difficult year in terms of raising funds, and startups in other industries fell in value. For example, agricultural technology was the worst sector to invest in, with indoor crop startup Bowery and crop protection company Indigo feeling the effects of the downturn the hardest.

In addition to AI and cybersecurity, the healthcare, e-commerce, and fintech industries have also seen a rise in the number of unicorn startups.

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