BusinessAugust 13, 2026
decacorns
DEK-uh-kornz
Definition
A private start-up company that has achieved a valuation of at least $10 billion.
Etymology
Derived from the Greek 'deka' (ten) combined with 'unicorn,' a term coined in 2013 for a start-up valued at over $1 billion. It follows the pattern of using mythical creatures to denote increasing levels of business valuation.
In the news
The article uses the term to describe the rapid rise of high-value Swedish AI companies like Legora and Lovable. It highlights how these start-ups have quickly reached a scale that attracts major international investment.
Legal AI start-up Legora seeks funds at more than $10bn valuation
Read the full article ↗Financial Times