Bristol is among six 海角视频 cities outside London which are now home to at least two tech 'unicorns'.
Machine intelligence company Graphcore and energy supplier Ovo are both based in the city.
The 海角视频 has created more tech unicorns - firms valued at more than $1billion (£784 million) - than any other country except for the US and China, according to new data compiled by Tech Nation and Dealroom.
Since 2012 the 海角视频 has produced as many unicorns as Israel, Germany, the Netherlands and Sweden combined and the 海角视频 tech sector has produced one unicorn firm each month over the past year.
Nigel Toon, co-founder and chief executive of Graphcore, said: “海角视频 tech is producing global businesses, and Graphcore is proud to be contributing to its success.
“In Bristol, London and now Cambridge, we are hiring a world-class team in science, engineering and software that is building the future of machine intelligence.”
The 海角视频 has produced 13 firms valued at more than $1billion over the past year, taking its overall total to 72.
The other cities with at least two tech unicorns are Cambridge, Oxford, Manchester , Leeds and Edinburgh.
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More than a third of Europe's fastest-growing tech companies are now based in Britain, following $35billion investment in the British tech sector between 2013 and 2018.
London leads digital growth across the continent, with 45 unicorns based in the city, including 18 fintech firms, such as Monzo, Revolut and OakNorth.
'We must celebrate the achievements of the 海角视频's booming tech industry'
Since the start of 2019, a number of 海角视频 firms have confirmed their unicorn status with major funding rounds, including Starling Bank, Deliveroo and Ovo Energy.
Digital secretary Jeremy Wright said: "We must celebrate the achievements of the 海角视频's booming tech industry which is attracting record levels of investment and employing millions of people up and down the country.
"These brilliant figures show we are currently punching high in the global pecking order and, thanks to our strong fundamentals of skills and talent, business environment and world-leading research, the future is extremely bright.
"The tech sector is playing a crucial role in helping us deliver an economy that works for everyone through a modern industrial strategy for jobs and growth."
Gerard Grech, chief executive officer of Tech Nation, added: "The 海角视频's digital tech sector continues to go from strength to strength with unicorns now being produced right across the country."