Two technology startups have achieved significant financial milestones, marking their entry into the exclusive unicorn category of companies valued at $1 billion or more.

Zum, a school bus transportation company, reported reaching $333 million in revenue. The company operates as a technology-enabled school transportation service, representing a digital transformation of traditional school bus operations.

Separately, an Australian startup specializing in navigation technology for GPS-challenged environments secured $110 million in funding. The company develops alternative positioning systems for aircraft, ships, and other vehicles operating in areas where GPS signals are unreliable or unavailable.

The Australian firm plans to use the funding to accelerate expansion into U.S. and European markets. The company's technology addresses critical navigation needs in environments such as underground locations, dense urban areas, or regions with GPS interference.

Both companies joining the unicorn ranks reflects continued investor interest in transportation technology and infrastructure solutions. The funding achievements come as venture capital continues to flow toward companies addressing practical challenges in mobility and logistics sectors.