In AI, yesterday’s jaw dropping valuation is today’s starting point. Eighteen months after two high school friends joined the Y Combinator startup incubator with no idea and no product, their AI data company, AfterQuery, has reached a $3.2 billion valuation, two people with direct knowledge of the matter told Forbes.

That’s more than ten times the $300 million valuation AfterQuery received five months ago. It would make the company the fastest startup in YC history to go from inception to unicorn status, according to YC partner Gustaf Alströmer.

AfterQuery declined to comment.

AfterQuery is profitable and has lined up a lead investor, one of the people said. Its 23 year-old founder Spencer Mateega posted to X in July that recurring revenue was in the “hundreds of millions,” up from $100 million in April.

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