Sakana AI is tracked on Juniper Ventures' AI Neolab Tracker. Evolutionary, nature-inspired AI model methods; Japan's most valuable AI startup. Sakana AI was founded 2023, valued at $2.65B.
Field
Years
Valuation
O
OpenAI Mega-cap
~$1.5 trillion reportedly sought by OpenAI (vs. investors' $1.2T+ offer); talks not closed (rumored)
2015
ChatGPT - ever heard of it?
- Founders
Sam Altman, Greg Brockman, Ilya Sutskever, Wojciech Zaremba, John Schulman, others
- Revenue
- ~$25B run-rate ARR (June 2026 per multiple public reports)
- Valuation multiple
- 60×
A
Anthropic Mega-cap
$965B
2021
Claude, and other obscure things
- Founders
Dario Amodei, Daniela Amodei, Tom Brown, Sam McCandlish, Jack Clark, Jared Kaplan, others
- Revenue
- ~$47B run-rate ARR (May 2026 per Series H materials)
- Valuation multiple
- 21×
X
xAI
$250B (as part of SpaceX's all-stock acquisition of xAI, Feb 2 2026, forming a combined ~$1.25T private entity; xAI no longer an independent company)
2023
Theoretically Grok, but mostly Elon
- Founders
Elon Musk
- Revenue
- ~$500M standalone ARR early 2026 (Grok $350M FY25; projections $2B FY26)
- Valuation multiple
- 500×
R
Roze New
~$100B* (rumored)
2026
SoftBank-created robotics venture automating physical construction of AI server farms
- Founders
Masayoshi Son (SoftBank)
- Revenue
- Pre-revenue (SoftBank initiative, planned)
- Valuation multiple
- —
D
DeepSeek
~$75B (500B yuan) — second external funding round targeting ~$7.5B (50B yuan) raise, expected to close by end of October 2026; not yet closed (rumored)
2023
Chinese frontier LLM lab (R1/V model series); this was its first-ever external fundraise after years of self-funding.
- Founders
Liang Wenfeng
- Revenue
- Undisclosed
- Valuation multiple
- —
M
Moonshot AI
$50B (planned final pre-IPO round, not yet closed as of report date) (rumored)
—
Chinese frontier foundation-model lab, maker of the Kimi model family.
- Revenue
- Undisclosed
- Valuation multiple
- —
C
Cognition AI
$48B ($2B Series E led by a16z + Accel; closed, supersedes prior $47B not-yet-closed figure) (rumored)
2023
Creator of Devin, an autonomous AI software-engineering agent; acquired Windsurf's IDE/product team in 2025
- Founders
Scott Wu, Steven Hao, Walden Yan
- Revenue
- ~$900M ARR (reported, Sept 2026)
- Valuation multiple
- 53×
P
Project Prometheus
$41B
2025
'Artificial general engineer' automating design and manufacturing of complex physical systems
- Founders
Jeff Bezos, Vik Bajaj
- Revenue
- Pre-revenue (industrial general engineer, research-stage)
- Valuation multiple
- —
I
Isomorphic Labs
$40B–$50B sought (reported, talks in progress as of Oct 8 2026; up from ~$17.5B post $2.1B Series B) (rumored)
2021
AI-first drug discovery engine (IsoDDE); spun out of DeepMind/Alphabet
- Founders
Demis Hassabis
- Revenue
- Pre-revenue (biotech); milestone/upfront deal payments only
- Valuation multiple
- 400×
T
Thinking Machines Lab
Accel in talks to lead $1B round at $40B valuation (rumored)
2025
General-purpose frontier AI lab founded by former OpenAI CTO Mira Murati
- Founders
Mira Murati, John Schulman, Barrett Zoph, Lilian Weng, Andrew Tulloch, Luke Metz
- Revenue
- Pre-revenue
- Valuation multiple
- —
S
SSI (Safe Superintelligence)
$32B
2024
Safety-focused frontier lab pursuing superintelligence with no commercial product
- Founders
Ilya Sutskever, Daniel Gross, Daniel Levy
- Revenue
- Pre-revenue (no commercial product by design)
- Valuation multiple
- —
C
Crusoe
$30.9B post-money ($3.9B Series F, initial closing confirmed Sept 17 2026)
2018
AI-focused cloud/data-center infrastructure provider — compute supplier to OpenAI, Microsoft and Meta; building large-scale data-center projects
- Founders
Chase Lochmiller, Cully Cavness
- Revenue
- Undisclosed
- Valuation multiple
- —
R
Reflection AI
$25B pre-money + $2B raised (~$27B post-money, derived) (est.)
2024
Open frontier AI lab founded by ex-DeepMind researchers
- Founders
Misha Laskin, Ioannis Antonoglou
- Revenue
- Pre-revenue (open-source frontier; monetization TBD)
- Valuation multiple
- —
M
Mistral
€21B+ post-money (Series D closed, Samsung Electronics-led; EQT Scaleup Europe & PSG Equity co-lead; a16z, ASML, Bpifrance, NVIDIA, Korelya returning) — $ figure is our own €→$ conversion (est.)
2023
European open-weights frontier lab; Mistral/Mixtral; Le Chat
- Founders
Arthur Mensch, Guillaume Lample, Timothée Lacroix
- Revenue
- €400M+ ARR (Jan 2026); targeting €1B by end 2026
- Valuation multiple
- 60×
E
Etched
$21B
2022
Transformer-specialized AI inference chips
- Founders
Gavin Uberti, Robert Wachen, Chris Zhu
- Revenue
- Pre-revenue (Sohu transformer ASIC, in fab)
- Valuation multiple
- —
C
Cohere
$20B (Cohere + Aleph Alpha merger; Schwarz Group-led $600M Series E expected to close 2026) (rumored)
2019
Enterprise LLMs and agentic AI (Command models)
- Founders
Aidan Gomez, Ivan Zhang, Nick Frosst
- Revenue
- ~$240M ARR (2025-26 public disclosures)
- Valuation multiple
- 83×
K
Kling AI
$18 billion post-money valuation (round closed at ~$3B raised, up from the initially reported $2B/$16.5B) (rumored)
—
AI video-generation foundation model, developed by Kuaishou's AI video unit; reported as the largest-ever round for an AI video model developer.
- Revenue
- ~650M yuan (~$96M) in Q1 2026, per Caixin
- Valuation multiple
- 188×
H
Helsing
$18B
—
European defense-AI company building autonomous systems/military AI software.
- Revenue
- Undisclosed
- Valuation multiple
- —
F
Fluidstack
$18B (Jane Street-led $1.5B PE investment; total funding surpasses $2.6B; reported by multiple outlets, not yet an official Fluidstack press release)
—
AI infrastructure company building GPU cloud / data centers; reported as an Anthropic compute supplier.
- Revenue
- Undisclosed
- Valuation multiple
- —
F
Fireworks AI
$17.5B
—
AI inference/model-serving infrastructure platform ('specialized intelligence').
- Revenue
- Reported to have surpassed $1B ARR per company announcement (exact breakdown not disclosed)
- Valuation multiple
- 18×
S
Sierra AI
$15.8B (following $950M Series E led by Tiger Global and GV, May 4 2026)
—
AI agent platform for enterprise customer experience/support.
- Founders
Bret Taylor, Clay Bavor
- Revenue
- Undisclosed
- Valuation multiple
- —
M
Modal Labs
$750M round nearing close at $15.75B valuation (reported, deal still finalizing as of late Sept 2026) — supersedes prior $4.65B (rumored)
—
Serverless AI infrastructure platform providing on-demand compute for AI training/inference, plus a sandbox for AI-generated code.
- Revenue
- Reported annualized revenue ~$300M as of May 2026 (up from ~$60M Sept 2025), per press coverage
- Valuation multiple
- 53×
S
Skild AI
$14B+
2023
General-purpose robotic foundation models retrofittable across robot types
- Founders
Deepak Pathak, Abhinav Gupta
- Revenue
- Pre-revenue (robotic foundation models; enterprise pilots possible)
- Valuation multiple
- —
B
Baseten
$13B (two-tranche deal structure reported at $13B/$11B)
—
AI inference/model-serving infrastructure platform.
- Revenue
- Company reported revenue grew ~20x and inference volume ~40x YoY (no specific $ figure disclosed)
- Valuation multiple
- —
P
Poolside
$1B investment + $6B Nvidia licensing deal at $12B pre-money valuation (rumored)
2023
AI software engineering / code-generation foundation models
- Founders
Jason Warner, Eiso Kant
- Revenue
- ~$50M ARR (est., 2025)
- Valuation multiple
- 240×
S
SambaNova Systems
$11B
—
AI chip company building inference hardware for large-scale model deployment.
- Revenue
- Undisclosed
- Valuation multiple
- —
P
Physical Intelligence
in talks for >$11B valuation (~$1B round) (rumored)
2024
General-purpose robot foundation models
- Founders
Karol Hausman, Sergey Levine, Chelsea Finn
- Revenue
- Pre-revenue (capital-intensive data collection phase)
- Valuation multiple
- —
E
Essential AI
$8.6B (rumored)
2023
Enterprise frontier AI models, founded by co-creators of the Transformer architecture
- Founders
Ashish Vaswani, Niki Parmar
- Revenue
- Pre-revenue est. (transformer-author founders; pre-product)
- Valuation multiple
- —
W
Wayve
$8.6B
2017
Embodied AI for autonomous driving; end-to-end self-driving software
- Founders
Alex Kendall, Amar Shah
- Revenue
- ~$30-100M est. (OEM partnerships Mercedes/Stellantis/Nissan/Uber; not disclosed)
- Valuation multiple
- 172×
L
Lila Sciences
in talks for ~$2B round at ~$8.5B valuation (rumored)
2023
AI + autonomous lab robotics for scientific discovery ('scientific superintelligence'); incubated by Flagship Pioneering
- Founders
Geoffrey von Maltzahn, Noubar Afeyan, Andy Beam, Rafael Gómez-Bombarelli
- Revenue
- Pre-revenue (lab automation)
- Valuation multiple
- —
T
Together AI
$8.3B
—
GPU cloud / 'neocloud' infrastructure for training and serving open-source AI models.
- Revenue
- Undisclosed
- Valuation multiple
- —
W
World Labs
Acquired by AMD for $8.2B (all-stock deal, announced Sept 28 2026; not yet closed, pending regulatory approval) — supersedes prior $5B standalone valuation
2024
Stanford AI professor building world models
- Founders
Fei-Fei Li, Justin Johnson
- Revenue
- ~$10-30M est. (Marble product launched Feb 2026)
- Valuation multiple
- 410×
P
Periodic Labs
in advanced talks at ~$7.5B valuation (≥$500M round) (rumored)
2025
Autonomous robotic labs + AI for materials science discovery
- Founders
Liam Fedus, Ekin Dogus Cubuk
- Revenue
- Pre-revenue (AI-scientist / materials discovery lab)
- Valuation multiple
- —
N
NEURA Robotics
~$7B
2019
Cognitive/physical-AI robotics — industrial arms, household and humanoid robots (MAiRA, MiPA, 4NE1).
- Founders
David Reger
- Revenue
- Undisclosed
- Valuation multiple
- —
F
Fractile
$6.5B pre-money valuation, ~$600M raise (Series C, in talks — not yet closed, following ~$250M chip-supply deal with Anthropic) (rumored)
—
UK startup building specialized inference chips/rack-scale systems for frontier-model inference.
- Revenue
- Undisclosed
- Valuation multiple
- —
X
XPENG Robotics
$6.3B (post-money, business-unit level)
—
Humanoid robotics business unit of XPeng Motors (IRON humanoid robot, 76 DoF body); first outside capital raise for the unit.
- Revenue
- Undisclosed
- Valuation multiple
- —
G
General Intuition
$220M raised at $6.2B valuation (closed, Sept 30-Oct 1 2026) — supersedes prior $6B pre-money/finalizing
2025
Training AI agents to act in the physical/digital world using gameplay video data
- Founders
Pim de Witte, Eloi Alonso, Adam Jelley, Vincent Micheli
- Revenue
- Pre-revenue (gameplay video dataset)
- Valuation multiple
- —
H
Hark
$6B ($700M Series A led by Parkway Venture Capital; Nvidia, AMD Ventures, Brookfield, Intel Capital, Qualcomm Ventures, Salesforce Ventures)
2025
Personal AI system combining software, foundation models, and dedicated hardware as a universal interface
- Founders
Brett Adcock
- Revenue
- Pre-revenue est. (Adcock stealth lab)
- Valuation multiple
- —
R
Runway
$5.3B
2018
Gen-series AI video and world models
- Founders
Cristóbal Valenzuela, Alejandro Matamala Ortiz, Anastasis Germanidis
- Revenue
- ~$180M ARR est. (Q1 2026 Series E at $5.3B implies ~$100-150M; Q2 added $40M)
- Valuation multiple
- 29×
I
Ineffable Intelligence New
$5.1B
2026
Reinforcement-learning 'superlearner' that discovers knowledge without human data; founded by AlphaGo/AlphaZero creator
- Founders
David Silver
- Revenue
- Pre-revenue (stealth exit April 2026)
- Valuation multiple
- —
Z
Zyphra
$500M raising at ~$5B valuation (rumored)
2020
Open-source AI models and efficient model architectures
- Founders
Krithik Puthalath, Tomás Figliolia, Beren Millidge, Danny Martinelli
- Revenue
- Pre-revenue est. (Maia stack, open-source small models)
- Valuation multiple
- —
R
River AI
~$5B
2026
Rebuilding the AI training stack — a platform for enterprises/developers to train, tune and serve their own open-weight AI models.
- Founders
Igor Babuschkin (xAI co-founder; previously DeepMind, OpenAI)
- Revenue
- Undisclosed
- Valuation multiple
- —
F
Flapping Airplanes
in talks at $5B valuation (rumored)
2025
Research-driven AI aiming for radically more sample-efficient models (100,000x more efficient than today's)
- Founders
Ben Spector, Asher Spector, Aidan Smith
- Revenue
- Pre-revenue (young research-first team)
- Valuation multiple
- —
M
Mirendil New
In talks for a round valuing the company at $5B (Kleiner Perkins reportedly leading, a16z participating) — ~5x the $1B seed just 3 months earlier; not yet closed (rumored)
2026
AI that accelerates AI research and development, acting as a 'scientific co-pilot' for drug/materials discovery
- Founders
Behnam Neyshabur, Harsh Mehta, Shayan Salehian, Tara Rezaei
- Revenue
- Pre-revenue (stealth exit June 2026)
- Valuation multiple
- —
C
Core Automation New
~$5B target* (rumored)
2026
Models that continuously learn from real-world experience; building the most automated AI lab in the world
- Founders
Jerry Tworek, Rohan Anil, Joanne Jang, Anmol Gulati, Julia Villagra
- Revenue
- Pre-revenue (six weeks old when fundraising)
- Valuation multiple
- —
H
Humans&
$4.5B
2025
Human-centric frontier AI lab; philosophy that AI should empower rather than replace people
- Founders
Andi Peng, Georges Harik, Eric Zelikman, Yuchen He, Noah Goodman
- Revenue
- Pre-revenue (3 months old at $4.5B raise)
- Valuation multiple
- —
A
AMI Labs
↑ ~$4.5B
2025
World-model AI beyond LLMs, for physical reasoning across manufacturing, aerospace, robotics
- Founders
Yann LeCun, Alexandre Lebrun
- Revenue
- Pre-revenue (LeCun stealth world-models lab)
- Valuation multiple
- —
R
Recursive Superintelligence
↑ >$4.5B
2025
Self-improving AI that automates its own research process (architecture, training, evaluation)
- Founders
Richard Socher, Tim Rocktäschel, Jeff Clune, Josh Tobin, Tim Shi
- Revenue
- Pre-revenue (continual-learning thesis)
- Valuation multiple
- —
U
Unconventional AI
$4.5B
2023
Neuromorphic, brain-inspired computing for AI; founded by the creator of MosaicML and Nervana Systems
- Founders
Naveen Rao, Michael Carbin, Sara Archour, MeeLan Lee
- Revenue
- Pre-revenue est. (compute-focused, MosaicML lineage)
- Valuation multiple
- —
N
Nexthop AI
$4.2B
2024
AI data center networking (scale-out/scale-across switches); founded by former Arista Networks COO
- Founders
Anshul Sadana
- Revenue
- ~$10-50M est. (hyperscaler pilots, not disclosed)
- Valuation multiple
- 140×
I
Inflection AI
$4B
2022
Pi personal AI chatbot
- Founders
Mustafa Suleyman, Reid Hoffman, Karén Simonyan
- Revenue
- Minimal est. <$10M (Pi residual post-Microsoft acquihire)
- Valuation multiple
- 800×
R
Ricursive
$4B
2025
AI-designed AI chips via recursive self-improvement (creators of Google's AlphaChip); ex-Google Brain, early Anthropic
- Founders
Anna Goldie, Azalia Mirhoseini
- Revenue
- Pre-revenue (AI chip design; pre-product)
- Valuation multiple
- —
D
Decart
$4B
2023
Real-time world models and AI inference efficiency platform (Lucy, Oasis, DOS)
- Founders
Dean Leitersdorf, Moshe Shalev
- Revenue
- ~$10-30M est. (Mirage/Oasis interactive world models)
- Valuation multiple
- 200×
X
Xaira Therapeutics
$4B (est.)
2023
AI-driven drug discovery platform
- Founders
Marc Tessier-Lavigne, Bob Nelsen, David Baker, Vik Bajaj
- Revenue
- Pre-revenue (clinical-stage AI biotech)
- Valuation multiple
- —
M
Modular
$4B (acquired by Qualcomm; deal completed July 29, 2026 — no longer an independent company)
2022
Unified AI compute layer (Mojo language, MAX platform)
- Founders
Chris Lattner, Tim Davis
- Revenue
- ~$10-30M est. (Mojo/MAX platform enterprise pilots)
- Valuation multiple
- 267×
L
Luma
$4B
2021
Dream Machine video generation; multimodal world models
- Founders
Amit Jain, Alex Yu, Alberto Taiuti
- Revenue
- ~$50-100M est. (Dream Machine; 15-20% AI video market share late 2025)
- Valuation multiple
- 53×
C
Chai Discovery
$3.8B (following $400M Series C)
2025
AI models predicting and designing molecular/protein interactions for therapeutics (Chai-1/Chai-2)
- Founders
Joshua Meier, Jack Dent, Matthew McPartlon, Jacques Boitreaud
- Revenue
- Pre-revenue (drug discovery)
- Valuation multiple
- —
S
Stark Defence
€3.2B (~$3.65B)
2024
Berlin-based maker of autonomous loitering-munition drones for defense.
- Founders
Florian Seibel
- Revenue
- Undisclosed
- Valuation multiple
- —
G
Groq
$3.5B ($350M raise led by Disruptive Investment, Nvidia participating; pivot toward neocloud/inference)
—
LPU inference chips and low-latency 'neocloud' for AI inference; round followed a non-exclusive Nvidia licensing deal (~$20B).
- Revenue
- Undisclosed
- Valuation multiple
- —
M
Mind Robotics
$3.4B
—
AI-enabled industrial robotics platform for manufacturing, spun out of Rivian and trained in Rivian's own factories.
- Founders
RJ Scaringe (Rivian CEO) serves as chairman; spun out of Rivian
- Revenue
- Undisclosed
- Valuation multiple
- —
O
OLIX Computing
$3.3B
—
Photonic 'Optical Tensor Processing Unit' chips for AI inference, positioned as an Nvidia rival; DX-1 chip targets the LLM decode stage.
- Revenue
- Undisclosed
- Valuation multiple
- —
B
Black Forest Labs
$3.25B
2024
FLUX image generation models, from the creators of the original Stable Diffusion; powers Grok's image generation
- Founders
Robin Rombach, Andreas Blattmann, Patrick Esser
- Revenue
- ~$30-50M est. (enterprise image API growing)
- Valuation multiple
- 81×
G
Gimlet Labs
$3B
—
Multi-silicon AI inference orchestration software — routes/optimizes inference workloads across accelerator vendors (Nvidia, AMD, Arm) instead of locking to one chip
- Founders
Zain Asgar, Michelle Nguyen, Omid Azizi, Natalie Serrinoc, James Bartlett
- Revenue
- Undisclosed
- Valuation multiple
- —
G
Genesis AI
$3B (rumored)
2024
Robotics foundation models for physical labor automation
- Founders
Zhou Xian, Théophile Gervet, Tsun-Hsuan Wang
- Revenue
- Pre-revenue (ex-Mistral/Skild robotics team)
- Valuation multiple
- —
G
Generalist
$3B (reported via SEC filing) (rumored)
2024
Cross-embodiment foundation models for robots — Gen 1.5 lets robots learn dexterous manipulation tasks from short video demos
- Founders
Pete Florence, Andy Zeng, Andrew Barry
- Revenue
- Undisclosed
- Valuation multiple
- —
A
Atoms
$1.7B round at $2.95B post-money valuation, led by a16z (announced July 22 2026)
—
'Physical AI' — software, sensors and robotics automating industrial work (food, mining, transportation).
- Founders
Travis Kalanick
- Revenue
- Undisclosed
- Valuation multiple
- —
S
Sakana AI
$2.65B
2023
Evolutionary, nature-inspired AI model methods; Japan's most valuable AI startup
- Founders
David Ha, Llion Jones, Ren Ito
- Revenue
- ~$30M ARR (late 2025 public disclosures)
- Valuation multiple
- 88×
C
CuspAI
$2.6B
2024
AI-driven materials discovery for chipmakers (AI Materials Foundry)
- Founders
Chad Edwards, Max Welling
- Revenue
- Pre-revenue (AI for chemistry / materials)
- Valuation multiple
- —
P
PhysicsX
~$2.4B
2019
Physics/engineering-simulation AI for manufacturing (engines, drones, industrial equipment).
- Founders
Jacomo Corbo, Robin Tuluie (ex-Formula 1 engineers)
- Revenue
- Company reported recognized revenue doubling YoY (no specific figure disclosed)
- Valuation multiple
- —
S
Starcloud
$250M at $2.3B valuation
2024
Orbital data centers for AI compute; flew the first Nvidia H100 to orbit (Nov 2025)
- Founders
Philip Johnston, Ezra Feilden, Adi Oltean
- Revenue
- Pre-revenue (orbital DCs pre-launch)
- Valuation multiple
- —
E
Exa
$2.2B
2021
AI-native search engine/infrastructure built for AI agents rather than human browsing; powers search for Cursor, Cognition, HubSpot and others.
- Founders
Will Bryk, Jeff Wang
- Revenue
- Undisclosed
- Valuation multiple
- —
C
Cowboy Space
~$2B
—
Orbital AI data centers — solar-powered satellites that double as compute, paired with in-house rocket development. Formerly branded Aetherflux.
- Founders
Baiju Bhatt (Robinhood co-founder)
- Revenue
- Undisclosed
- Valuation multiple
- —
L
Liquid AI
$2B
2023
Liquid neural networks (LFMs); efficient foundation models spun out of MIT CSAIL
- Founders
Ramin Hasani, Mathias Lechner, Alexander Amini, Daniela Rus
- Revenue
- ~$13.2M ARR (est., 2025)
- Valuation multiple
- 152×
T
Tripo AI (VAST)
~$2.0B sought (reported) after $446M (~3B RMB) Series B + B+ tranche closed ~Sept 1 2026; post-money not officially disclosed by VAST (rumored)
2023
3D-native foundation/world models — generative AI platform for 3D asset and world-model creation at foundation-model scale
- Founders
Simon Song (Song Yachen), Guoli Su
- Revenue
- Undisclosed
- Valuation multiple
- —
W
Wispr AI
$2B
—
Voice-input/dictation app expanding into a proprietary speech foundation model ('Canto') and new human-computer-interaction research (Wispr Interface Labs).
- Revenue
- Undisclosed
- Valuation multiple
- —
S
Simile
$200M Series B at $2B valuation
2025
AI simulation platform predicting human behavior via synthetic 'AI twins' (Stanford 'Smallville' research spinout)
- Founders
Joon Sung Park, Michael Bernstein, Percy Liang, Lainie Yallen
- Revenue
- Pre-revenue (agent simulation)
- Valuation multiple
- —
L
LMArena
$1.7B
2023
AI model evaluation and ranking platform (Chatbot Arena)
- Founders
Anastasios Angelopoulos, Wei-Lin Chiang, Ion Stoica
- Revenue
- ~$10M est. (arena API + enterprise eval; nascent)
- Valuation multiple
- 170×
R
Rhoda AI
$1.7B
2024
Robot foundation models combining internet-scale video pretraining with closed-loop control
- Founders
Jagdeep Singh, Eric Ryan Chan, Gordon Wetzstein
- Revenue
- Pre-revenue (FutureVision robot platform)
- Valuation multiple
- —
A
Axiom Math
$1.6B
2025
AI mathematician generating and verifying algorithmic proofs — the starting point for reasoning
- Founders
Carina Hong, Shubho Sengupta
- Revenue
- Pre-revenue (formal math / verified reasoning)
- Valuation multiple
- —
S
Sarvam AI
$1.5B
2023
Indian 'sovereign AI' foundation-model lab; open-sourced 30B and 105B parameter models.
- Revenue
- Undisclosed
- Valuation multiple
- —
A
Andromeda Mega-cap
$1.5B ($60M raise led by Paradigm)
—
On-demand GPU compute-as-a-service platform for large-scale AI training
- Founders
Wil Moushey
- Revenue
- Unknown (identity ambiguous)
- Valuation multiple
- —
N
Nous Research
$1.5B (in talks/finalizing ~$75M round, not confirmed closed) (rumored)
2023
Open, decentralized AI models (Hermes) and distributed training (Psyche network)
- Founders
Jeffrey Quesnelle, Karan Malhotra, Ryan Teknium, Shivani Mitra
- Revenue
- Minimal est. <$10M (Hermes commercial API + community; decentralized training)
- Valuation multiple
- 300×
M
Meshy AI
$1.5B
—
Text/image-to-3D generative AI platform for 3D asset creation; described as the largest round to date in AI 3D.
- Founders
Ethan Hu
- Revenue
- ARR reported growing ~12x YoY; 12M+ registered users, 100M+ models created (no $ figure disclosed)
- Valuation multiple
- —
H
Harmonic
$1.45B
2023
Formal mathematical reasoning AI (Aristotle engine); co-founded by Robinhood CEO Vlad Tenev
- Founders
Vlad Tenev, Tudor Achim
- Revenue
- Pre-revenue (Aristotle model; formal math)
- Valuation multiple
- —
A
AI21 Labs
$1.4B
2017
Jurassic language models; enterprise generative AI tools (Wordtune, AI21 Studio)
- Founders
Ori Goshen, Yoav Shoham, Amnon Shashua
- Revenue
- ~$20-40M est. (Jurassic + Wordtune legacy revenue; not disclosed)
- Valuation multiple
- 47×
R
Reka
$1.3B post-money (Series A-2, $12M raised, Feb 4 2026) — supersedes prior $1B+
2022
Multimodal foundation models (Reka Core/Flash); reached unicorn status July 2025
- Founders
Yi Tay, Cyprien de Masson d'Autume, Dani Yogatama
- Revenue
- ~$10.9M ARR (est., 2025)
- Valuation multiple
- 119×
G
Goodfire
$1.25B
2023
AI interpretability research company building safe and powerful AI systems
- Founders
Eric Ho, Dan Balsam, Tom McGrath
- Revenue
- Minimal est. <$5M (interpretability tools + partnerships nascent)
- Valuation multiple
- 417×
W
Walden Robotics
$1.1B
—
Humanoid/general-purpose robotics startup spun out of Toyota's robotics research lab; already deployed at a Toyota factory.
- Revenue
- Undisclosed
- Valuation multiple
- —
A
AAI
>$1B
2025
Superintelligence-focused reasoning research lab, founded by Mobileye's Amnon Shashua
- Founders
Amnon Shashua, Shai Shalev-Shwartz
- Revenue
- Pre-revenue est. (stealth Shashua/Shalev-Shwartz lab)
- Valuation multiple
- —
I
Imbue
$1B
2021
Foundation models optimized for reasoning, applied to coding AI agents (formerly Generally Intelligent)
- Founders
Kanjun Qiu, Josh Albrecht
- Revenue
- Pre-revenue est. (quiet since 2024)
- Valuation multiple
- —
M
Moonvalley
$1B
2025
Licensed, ethically-trained generative AI video platform (Marey) for filmmakers and studios
- Founders
Naeem Talukdar, Mateusz Malinowski, Bryn Mooser
- Revenue
- Minimal est. <$10M (Marey licensed-data video, pre-scale)
- Valuation multiple
- 200×
P
Prime Intellect
$1B
2024
Open, distributed compute and training infrastructure for AI agents
- Founders
Vincent Weisser, Johannes Hagemann
- Revenue
- Minimal est. <$5M (decentralized training marketplace early)
- Valuation multiple
- 333×
A
Arcee AI
$1B+ (Series B, $150M+, led by Vista Equity Partners, Cambium Capital, Emergence Capital, announced Sept 16 2026 — supersedes earlier $200M rumor)
2023
Small, open enterprise-grade language models (AFM foundation models)
- Founders
Mark McQuade, Jacob Solawetz, Brian Benedict
- Revenue
- ~$10-30M est. (enterprise SLMs, Arcee Cloud, mergekit)
- Valuation multiple
- 50×
S
Standard Bots
$1B
—
AI-native industrial robot arms/humanoids trained by demonstration, manufactured in the US.
- Revenue
- Undisclosed
- Valuation multiple
- —
A
Aaru
$1B
2024
AI agent simulations predicting consumer and voter behavior (synthetic research, replacing surveys/focus groups)
- Founders
Cameron Fink, Ned Koh, John Kessler
- Revenue
- Pre-revenue est. (simulation)
- Valuation multiple
- —
V
Velaura AI
$1B+
—
Ultra-low-power AI compute chips ('Titan Core') for data centers and physical AI/robotics, claiming 2-4x better performance-per-watt.
- Revenue
- Undisclosed
- Valuation multiple
- —
S
Stability AI
$1B (Aug 2026 Series B, $76M raised)
2019
Stable Diffusion open image generation models
- Founders
Emad Mostaque, Cyrus Hodes
- Revenue
- ~$20-30M est. (post-restructure, sub-scale)
- Valuation multiple
- 40×
K
Kyutai
>$1B
2023
Paris-based non-profit, open-science AI research lab
- Founders
Xavier Niel, Rodolphe Saádé, Eric Schmidt, Hervé Jégou
- Revenue
- N/A (non-profit research lab)
- Valuation multiple
- —
A
Adaption Labs
$1.0B valuation ($50M seed led by Emergence Capital Partners, Feb 2026) — supersedes prior <$500M
2025
Continuously learning, small AI models that adapt from real-world usage without expensive retraining (AutoScientist)
- Founders
Sara Hooker, Sudip Roy
- Revenue
- Pre-revenue (continual learning; ex-Cohere execs)
- Valuation multiple
- —
M
Merge Labs
$850M
2025
Brain-computer interface devices (non-invasive, high-bandwidth); positioned as a Neuralink competitor
- Founders
Sam Altman, Alex Blania
- Revenue
- Pre-revenue (Altman-backed BCI spinout)
- Valuation multiple
- —
I
Inferact New
$800M
2026
Commercializing vLLM, the open-source AI inference engine, for enterprise-scale serving
- Founders
Simon Mo, Woosuk Kwon, Kaichao You, Roger Wang
- Revenue
- Minimal est. (vLLM commercial + early enterprise deals)
- Valuation multiple
- 160×
I
Isara
$650M
2025
Coordinating swarms of specialized AI agents on complex tasks; demoed ~2,000 agents forecasting gold prices
- Founders
Eddie Zhang, Henry Gasztowtt
- Revenue
- Pre-revenue (future prediction; 2,000-agent demos)
- Valuation multiple
- —
E
Engram New
$600M (val) / $98M raise
2026
Learned memory layer for AI that continually updates without forgetting (cuts token costs)
- Founders
Dan Biderman, Sabri Eyuboglu, Jessy Lin, Jack Morris, Scott Linderman, Chris Ré
- Revenue
- ~$5M est. (memory-layer API for enterprises; early commercial)
- Valuation multiple
- 120×
P
Poetiq
<$500M
2025
AI meta-system layer that improves frontier LLM reasoning without fine-tuning, sitting atop models like GPT, Claude, Gemini
- Founders
Shumeet Baluja, Ian Fischer
- Revenue
- Pre-revenue est. (SOTA ARC-AGI agents)
- Valuation multiple
- —
S
Standard Intelligence New
$500M
2024
AI models that learn to use computers (navigate websites, CAD modeling, driving) toward AGI
- Founders
Galen Mead, Devansh Pandey
- Revenue
- Pre-revenue (FDM-1 video-first computer-use)
- Valuation multiple
- —
E
Elorian
<$500M
2024
Visual AGI research — visual reasoning models beyond current frontier multimodal systems
- Founders
Andrew Dai, Yinfei Yang
- Revenue
- Pre-revenue (vision reasoning)
- Valuation multiple
- —
I
Inception Labs
~$500M (est.)
2024
Diffusion-based LLMs (Mercury) generating text/code in parallel rather than sequentially
- Founders
Stefano Ermon, Aditya Grover, Volodymyr Kuleshov
- Revenue
- Pre-revenue (Stanford diffusion LLMs)
- Valuation multiple
- —
/
/dev/agents
~$500M
2024
Operating system for AI agents; founded by ex-Google/Stripe/Meta executives
- Founders
David Singleton, Hugo Barra, Ficus Kirkpatrick, Nicholas Jitkoff
- Revenue
- Pre-revenue (early stealth agent OS)
- Valuation multiple
- —
M
Magic
$500M
2022
AI models for writing, reviewing, and debugging software
- Founders
Eric Steinberger, Sebastian De Ro
- Revenue
- Minimal est. <$10M (long-context frontier coding; enterprise pilots)
- Valuation multiple
- 100×
P
Pika
$470M
2023
AI video generation and editing platform
- Founders
Demi Guo, Chenlin Meng
- Revenue
- ~$30-50M est. (consumer subscription video product)
- Valuation multiple
- 12×
R
RadixArk New
$400M
2026
Open, accessible frontier AI infrastructure (creators of the SGLang inference engine)
- Founders
Ying Sheng, Banghua Zhu
- Revenue
- Minimal est. (SGLang commercial early deals)
- Valuation multiple
- 133×
Q
QuTwo New
$380M
2026
Orchestration layer bridging classical AI, quantum-inspired, and quantum computing for enterprise optimization
- Founders
Peter Sarlin, Kaj-Mikael Björk, Kuan Yen Tan
- Revenue
- Pre-revenue (quantum / EU sovereign AI)
- Valuation multiple
- —
H
H (The H Company)
$370M
2024
Action-oriented AI agents for enterprise automation (formerly Holistic AI)
- Founders
Charles Kantor, Karl Tuyls, Laurent Sifre, Daan Wierstra, Julien Perolat
- Revenue
- Pre-revenue est. (French ex-DeepMind agent lab)
- Valuation multiple
- —
S
Sooth Labs New
$335M
2026
AI models forecasting geopolitical and market event probabilities; backed by Yann LeCun and Jeff Dean
- Founders
Yaser Sheikh, Ruslan Salakhutdinov
- Revenue
- Pre-revenue (probabilistic forecasting)
- Valuation multiple
- —
T
Twelve Labs
$300M ($100M Series B co-led by NEA + NAVER Ventures; Amazon, Radical Ventures, Korea Investment Partners, Index Ventures participating)
—
Video-understanding foundation models (Marengo, Pegasus) building toward 'video superintelligence'.
- Revenue
- Undisclosed
- Valuation multiple
- —
W
WaveForms AI
~$200M
2024
Emotionally intelligent voice AI (co-creator of OpenAI's GPT-4o Advanced Voice Mode)
- Founders
Alexis Conneau, Coralie Lemaitre
- Revenue
- Pre-revenue (stealth voice/audio lab)
- Valuation multiple
- —
E
Eureka Labs
~$20M seed (val undisclosed)
2024
AI-native school; AI teaching assistants paired with human teachers (LLM101n)
- Founders
Andrej Karpathy
- Revenue
- Pre-revenue (LLM101n free course; no monetization yet)
- Valuation multiple
- —
N
NeoCognition New
$40M seed (val ~$200M est.)
2026
AI agents that specialize through on-the-job experience rather than pre-training; from Ohio State's AI agent lab
- Founders
Yu Su, Xiang Deng, Yu Gu
- Revenue
- Pre-revenue (self-learning agents research)
- Valuation multiple
- —
E
EvolutionaryScale
Undisclosed
2024
ESM3 frontier language model for protein biology (sequence, structure, function)
- Founders
Alexander Rives, Roshan Rao, Thomas Hayes, Halil Akin, Tom Sercu
- Revenue
- Minimal est. <$10M (ESM3 protein-language model partnerships)
- Valuation multiple
- 0×
A
AI2 (Allen Institute for AI)
N/A (non-profit)
2014
Non-profit AI research institute (OLMo open models); founded by Microsoft co-founder Paul Allen
- Founders
Paul Allen
- Revenue
- N/A — non-profit (grant-funded, ~$50-80M institutional funding est., not revenue)
- Valuation multiple
- —
T
TerraFirma
Undisclosed
—
AI-enabled pre-construction software plus semi-autonomous heavy construction equipment; long-term ambition includes space-based construction.
- Founders
Ex-SpaceX engineers (individual names not disclosed in sourcing found)
- Revenue
- Undisclosed
- Valuation multiple
- —
A
Aureka Biotechnologies
Undisclosed
2023
AI-native techbio building biological foundation models and closed-loop infrastructure for end-to-end drug discovery.
- Revenue
- Undisclosed
- Valuation multiple
- —
N
Ndea
Undisclosed
2024
AGI research combining deep learning with program synthesis (ARC-AGI creators)
- Founders
François Chollet, Mike Knoop
- Revenue
- Pre-revenue (Chollet/Knoop program synthesis)
- Valuation multiple
- —
M
MatX
$500M raised (Series B, Feb 24 2026); company declined to disclose exact valuation, described only as "several billion dollars" (up from ~$300M in 2024) (rumored)
2023
AI training chips built by ex-Google TPU engineers
- Founders
Mike Gunter, Reiner Pope
- Revenue
- Pre-revenue (chip in development)
- Valuation multiple
- —
A
Amazon AGI Mega-cap
N/A (embedded; Amazon ~$2.5T mkt cap)
—
Amazon's AGI SF Lab building AI agents for digital and physical tasks; absorbed the Adept AI team
- Founders
David Luan, Erich Elsen (ex-Adept co-founders)
- Revenue
- N/A (embedded in Amazon)
- Valuation multiple
- —
M
Meta AI / FAIR Mega-cap
N/A (embedded; Meta ~$1.5T mkt cap)
2013
Facebook/Meta AI Research (FAIR); PyTorch, LLaMA open models
- Founders
Yann LeCun (founding director, departed Nov 2025)
- Revenue
- N/A (embedded in Meta)
- Valuation multiple
- —
D
Datology AI
Undisclosed
2023
Automated data curation for more efficient AI training
- Founders
Ari Morcos, Bogdan Gaza, Matthew Leavitt
- Revenue
- Minimal est. <$5M (data curation SaaS pilots)
- Valuation multiple
- 0×
M
Microsoft AI Mega-cap
N/A (embedded; Microsoft ~$3.5T mkt cap)
2024
Microsoft's consumer AI division (Copilot); formed March 2024, absorbing Inflection AI's team and technology
- Founders
Mustafa Suleyman (CEO, Microsoft AI)
- Revenue
- N/A (embedded in Microsoft)
- Valuation multiple
- —
G
Google DeepMind Mega-cap
N/A (embedded; Alphabet ~$2T mkt cap)
2010
Gemini, AlphaFold, AlphaGo/AlphaZero — the canonical embedded frontier lab
- Founders
Demis Hassabis, Shane Legg, Mustafa Suleyman (departed); Demis currently leads
- Revenue
- N/A (embedded in Alphabet)
- Valuation multiple
- —
A
Apple AIML (Apple Foundation Models) Mega-cap
N/A (embedded; Apple ~$3.5T mkt cap)
—
Apple's foundation models team (on-device and server models powering Apple Intelligence)
- Founders
John Giannandrea (SVP Machine Learning and AI Strategy; ex-Google AI)
- Revenue
- N/A (embedded in Apple)
- Valuation multiple
- —
C
Cartesia
Undisclosed
2023
Real-time voice AI models (Sonic); spun out of Stanford's AI Lab
- Founders
Karan Goel, Albert Gu, Arjun Desai, Chris Ré, Brandon Yang
- Revenue
- ~$20-50M est. (fast-growing voice API)
- Valuation multiple
- 0×
C
Callosum
Undisclosed
2025
'Programmable heterogeneity' layer routing AI workloads across different models and chips (partnerships with Cerebras, Rebellions).
- Founders
Danyal Akarca (CEO) and Jascha Achterberg (CTO) — neuroscientists, ex-Google DeepMind
- Revenue
- Undisclosed
- Valuation multiple
- —
N
NVIDIA Research Mega-cap
N/A (embedded; NVIDIA ~$4T mkt cap)
—
NVIDIA's AI/ML research labs spanning spatial intelligence, robotics, 3D deep learning, and autonomous vehicles
- Founders
Jensen Huang (NVIDIA founder/CEO)
- Revenue
- N/A (embedded in NVIDIA)
- Valuation multiple
- —
I
Inherent New
$50M seed (val undisclosed)
2026
AI-native science platform (Faraday) pairing human curiosity with AI for discovery; DeepMind alumni
- Founders
Tantum Collins, Edward Hughes, Louis Kirsch, Kaloyan Aleksiev
- Revenue
- Pre-revenue (stealth exit May 2026)
- Valuation multiple
- —
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