Standard Intelligence is tracked on Juniper Ventures' AI Neolab Tracker. AI models that learn to use computers (navigate websites, CAD modeling, driving) toward AGI. Standard Intelligence was founded 2024, valued at $500M.
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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