Public MarketsHigh
Public since June 2026 (NASDAQ: SPCX) after the largest IPO on record. Q2 revenue $7.81B (+92%), Starship in orbit, and up to 1.3B shares unlocking ~Nov 9. Updated Oct 15, 2026. 11 pages.
Foundation ModelsHigh
Amended S-1 (Nasdaq: ANT): Q3 2026 revenue $16.96B, up 47%, but a $567M operating loss on costlier short-term compute; ~$895B of commitments, first stated total. Roadshow from Nov 10. Updated Nov 4, 2026. 20 pages.
Foundation ModelsHigh
Bridge round cut to ~$20B at $1.25T pre-money; ~$50B run rate, but a $12.3B Q2 loss. IPO not before 2027. New: what OpenAI sells, how it charges, and where it sits in the AI chain. Updated Nov 1, 2026. 16 pages.
FintechHigh
$1.9T of 2025 volume (+34%); revenue $6.8B and free cash flow $3.2B (reported). Valued at $159B; no IPO. New: what Stripe sells, how it charges (2.9% + 30¢ and up), and where it sits in payments and AI. Updated Nov 1, 2026. 14 pages.
IPO WatchHigh
$7B+ revenue run rate growing 80%+ and a $190B valuation (Aug 2026, company-reported). What Databricks sells, how it charges by consumption, its 2026 acquisitions, and why there’s no IPO before 2027. Updated Nov 1, 2026. 11 pages.
Defense TechHigh
Lattice, Fury (CCA) production orders, a $2.9B Navy submarine deal, and a ~$90B employee tender (reported). Revenue $2.2B in 2025; ~$4.3B projected for 2026 at a loss. Updated Oct 31, 2026. 15 pages.
Prediction MarketsHigh
CFTC-regulated event-contract exchange: $1B at $40B (Oct 2026); ~$61B traded in September (~78% of the industry). Federal appeals courts split on sports contracts; Utah criminal charges. Updated Nov 1, 2026. 11 pages.
AI SearchHigh
Revenue past $750M annualized (reported), up from under $250M at the start of 2026, after ads were dropped and the Computer agent launched. Nvidia talks at $30B+ have not closed; last round $20B. IPO targeted for 2028. New: what Perplexity sells, how it charges ($20–$200 plans, credits at 100 = $1, Sonar API), and where it sits in the AI chain. Updated Nov 1, 2026. 16 pages.
NeurotechMedium
21 trial participants (company, Jan 2026) in the US, Canada and UK; a robotic arm controlled by thought. $650M Series E at a reported ~$9B. No revenue; Blindsight not yet implanted. Updated Oct 28, 2026. 8 pages.
Longevity / BiotechLow
Longevity biotech launched with $3B (2022) to pursue cellular rejuvenation. No valuation disclosed. No drug candidate or trial yet; rival Life Biosciences dosed the first partial-reprogramming patient in Jun 2026. Updated Oct 28, 2026. 7 pages.
Bio / ScienceMedium
Alphabet's AI drug discovery company, led by Nobel laureate Demis Hassabis: $2.1B Series B (May 2026), $2.7B raised in total. Partners: Lilly, Novartis, J&J. No drug in human trials yet; first trial targeted for end-2026. Updated Oct 28, 2026. 7 pages.
RoboticsMedium
AI models that let any robot learn new tasks. Co-founded by Sergey Levine and backed by Jeff Bezos, CapitalG and OpenAI. Valued at a reported $11–11.5B in 2026, with talks at ~$20B (Oct 2026). Latest model π0.7; developer API in beta. Pre-revenue. Updated Oct 31, 2026. 8 pages.
RoboticsLow
Home humanoid NEO at $20,000 or $499/month; Hayward factory producing since Apr 2026, but no customer deliveries confirmed. Remote operators do much of the work; SoftBank reported in talks at ~$6B. Updated Oct 29, 2026. 7 pages.
CybersecurityMedium
Behavioral-AI email and identity security; >$200M ARR and $5.1B valuation (Aug 2024), none disclosed since; FedRAMP Moderate; OpenAI and SoftBank partnerships. Updated Oct 30, 2026.
Healthcare AIHigh
AI ambient scribe for doctors: 300+ health systems, Best in KLAS 2025 and 2026, selected for the VA's five-year contract. $5.3B valuation (reported); NVIDIA and Eli Lilly partners. Epic's own tool is the key risk. Updated Oct 29, 2026. 8 pages.
RoboticsMedium
Digit humanoid robots rented to GXO, Toyota, Schaeffler and Mercado Libre; $1.8M 2025 revenue. Merging with Churchill Capital XI at $2.5B — vote 2 Nov 2026, ticker AGLT if it closes. Updated Oct 30, 2026. 8 pages.
QuantumMedium
Cat-qubit quantum computers from Paris and Boston; €100M Series B with NVIDIA's NVentures joining (May 2026); Helium system for research partners (Jun 2026); CEA partnership; revenue undisclosed. Updated Oct 30, 2026. 6 pages.
Healthcare AIMedium
Ambient AI notes, coding and chart prep for health systems (Cleveland Clinic, Houston Methodist, MultiCare); $243M Series C at $1.25B (Jul 2025); Epic launched its own AI charting in Feb 2026; revenue undisclosed. Updated Oct 30, 2026.
SemiconductorsSoftBank Subsidiary
Arm server-chip designer bought by SoftBank for $6.5B (Nov 2025) after revenue fell to $16.5M in 2024. Arm's own AGI CPU (Mar 2026) now overlaps it inside SoftBank. SoftBank subsidiary — not rated. Updated Oct 29, 2026. 8 pages.
Healthcare AIMedium
Clinician-supervised AI for health-plan prior authorization; $40M raised Feb 2026 (NEA, Sequoia), $64M total; Geisinger Health Plan approvals up to 70% faster. Updated Oct 30, 2026.
Developer AIMedium
Acquired by SpaceX for $60B in stock (Aug 2026). ~$4B annualized revenue; OpenAI models ending, Claude staying. Updated Oct 14, 2026. 10 pages.
Autonomous AIHigh
Vehicle software for 18 of the top 20 automakers, now chosen by Honda and Nissan, plus Navy and Pentagon autonomy work. ~$800M 2025 revenue (estimates); offers at $30B+ reported. Updated Oct 31, 2026. 10 pages.
RoboticsMedium
Apollo humanoid built by Jabil, run on Google DeepMind's Gemini Robotics. Raised >$935M; reported ~$5.3–5.5B value. Mercedes-Benz and GXO still trials; no revenue disclosed. Updated Oct 30, 2026. 7 pages.
CybersecurityNot Rated
Agentless security for every connected device; acquired by ServiceNow for $7.75B cash (closed 20 Apr 2026); >$340M ARR at signing. Updated Oct 30, 2026.
QuantumMedium
Neutral-atom quantum computers; $100M Series C led by Third Point plus $100M Commerce LOI (Jun 2026); DARPA QBI Stage C (Oct 2026); first system for Denmark's QuNorth with Microsoft (2027); revenue undisclosed. Updated Oct 30, 2026. 6 pages.
Autonomous SystemsMedium
Paid driverless freight on Texas and Arizona highways; 500,000+ driverless miles. Q3: 2026 revenue guidance cut to ~$9M, 200-truck goal moved to Feb 2027; ~$1.03B cash. Nasdaq: AUR. Updated Oct 29, 2026. 9 pages.
AI Inference InfrastructureHigh
AI inference platform: $13B valuation (Series F, Jun 2026), revenue up 20× and inference volume 40× in a year. Customers include Cursor, Notion, Abridge. NVIDIA-backed; AWS partnership. Updated Oct 29, 2026. 8 pages.
FintechMedium
Automated investing pioneer; $70B+ assets and 1M+ customers (company); Ellevest and Rowboat acquisitions; last valued ~$1.3B (2021); January 2026 data breach. Updated Oct 30, 2026. 6 pages.
RoboticsHyundai Subsidiary
Spot, Stretch and the production Atlas humanoid; Hyundai taking full ownership (Jul 2026) and planning 25,000+ Atlas for its plants. New CEO Rohit Prasad; 2025 loss 528.4B won; 2027 IPO unlikely. Hyundai subsidiary — not rated. Updated Oct 29, 2026. 7 pages.
FintechAcquired
Now part of Capital One: acquired for $5.15B announced (about $4.5B at the April 2026 close), against a 2022 peak of $12.3B. Kept as an exit record. Updated Oct 28, 2026. 5 pages.
Design / Creative AIHigh
Profitable design platform: $4B ARR and 265M+ monthly users (end-2025, company). Last priced at $42B (Aug 2025); investors marked it to $34.9B (Aug 2026). 2026 growth forecast cut to 20%; IPO aimed at 2027. Updated Oct 28, 2026. 9 pages.
CybersecurityHigh
Networking and security as one cloud service (SASE); >$415M ARR, +42% (Jul 2026, company); >4,800 customers; $409M Series G at >$4.8B; IPO planned, not filed. Updated Oct 30, 2026.
SiliconLow
Public since May 2026 (NASDAQ: CBRS) at $185; closed at $110.82 on Oct 23 after OpenAI moved its fastest new mode to NVIDIA. Q2 core revenue +103%, $25.4B backlog; Q3 results Nov 12. Updated Oct 25, 2026. 11 pages.
Biotech AIMedium
AI that designs antibodies from scratch; deals with Lilly, Pfizer, Novartis and argenx; $400M Series C at $3.8B (Jul 2026); revenue and deal terms undisclosed. Updated Oct 30, 2026.
FintechHigh
Public since June 2025 (NASDAQ: CHYM). Now GAAP-profitable, revenue up 27%, 10.4M active members, and buying Stride Bank for $590M. Updated Oct 14, 2026. 9 pages.
QuantumNot Rated
Quantum software that compiles programs for many quantum computers; Intel agreed to acquire it for ~$2.2B (Oct 2026), close expected 1H 2027; ~$200M raised. Not rated (pending acquisition). Updated Oct 30, 2026. 6 pages.
AI SoftwareHigh
Devin coding agent and Devin Desktop (ex-Windsurf): $48B Series E (Sep 2026), ~$900M company-reported run-rate; reported offers at $70–80B; Corridor acquisition for code security. Updated Nov 1, 2026. 9 pages.
Enterprise AIMedium
Series E first close at C$35.7B (~US$25.5B), led by Schwarz Group; Canada takes a stake of up to C$1.6B. ARR up 165% in a year (no dollar figure); Aleph Alpha and AISLE still pending. New: what Cohere sells, how it charges (Command A at $2.50/$10 per million tokens; North by contract), and where it sits in the AI chain. Updated Nov 1, 2026. 16 pages.
Fusion EnergyMedium
Best-funded fusion company: $4B raised; Google (200 MW) and Eni (>$1B) have signed for power from its first plant in Virginia. SPARC breakeven targeted for 2027; pre-revenue. Updated Oct 29, 2026. 7 pages.
Cloud / GPUMedium
Public since March 2025 (NASDAQ: CRWV). $104B backlog and revenue up 112%, but $35B+ of debt and a stock down 44% since June. Updated Oct 14, 2026. 10 pages.
Robotics AILicensed to Amazon
Robotics AI firm whose founders and ~25% of staff joined Amazon in Aug 2024 under a non-exclusive model licence (reported $380M + $20M). No new activity announced since. Licensed to Amazon — not rated. Updated Oct 29, 2026. 7 pages.
AI InfrastructureHigh
AI data-centre builder behind Stargate Abilene: $30.9B valuation (Sep 2026), 6+ GW contracted (company) with Microsoft and Google added; revenue not published. Updated Oct 28, 2026. 7 pages.
AI for ScienceMedium
AI that designs new materials from target properties; $450M Series B at $2.6B (Jul 2026); AI Materials Foundry with 45+ partners incl. NVIDIA and Samsung; no commercial material or revenue disclosed yet. Updated Oct 30, 2026.
CybersecurityMedium
Data and AI-agent security; ~$1.4B raised in 2026 at $12B+ (Blackstone, Evolution, Goldman); bought Oasis for ~$1B; revenue undisclosed. Updated Oct 30, 2026.
AI CybersecurityThoma Bravo-Owned
AI cybersecurity firm taken private by Thoma Bravo for ~$5.3B (Oct 2024). Last public revenue $689.5M+ (FY Jun 2024, +26%); nothing published since. Third CEO in 18 months: Ed Jennings. Thoma Bravo-owned — not rated. Updated Oct 29, 2026. 9 pages.
Enterprise AIHigh
Enterprise AI deployment from ex-Palantir founders; $175M Series B at $1.8B (Khosla, Lightspeed, Sep 2025); ~8x revenue growth 2025 (company); Google Cloud partner (Apr 2026). Updated Oct 30, 2026.
CybersecurityMedium
National cyber defense and sovereign AI for governments (Sphere, Hero, Atlas); $260M Series C at $3B (Jun 2026); ~$300M contract value since late 2024 (company); no customers named. Updated Oct 30, 2026.
Voice AIHigh
Leading AI voice company: $22B valuation (Sep 2026 employee tender), revenue run rate above $600M (CEO), 55% from enterprise. Building toward an IPO. Updated Oct 28, 2026. 8 pages.
DefenseMedium
Leonidas microwave weapon against drone swarms; Army and Marine prototype awards; only microwave system in the Pentagon's 2026 base-defense pilot. $250M Series D; revenue undisclosed. Updated Oct 31, 2026. 8 pages.
Legal AIMedium
AI for personal-injury law: used by about 30% of the top 100 US injury firms; $2B+ valuation (Oct 2025); LexisNexis investor and partner. Revenue not disclosed in dollars. Updated Oct 28, 2026. 7 pages.
AI InfrastructureHigh
Runs image, video and audio AI models for Adobe, Canva, Shopify and others, billed per output; ~$800M run rate (reported, Sep 2026); valued ~$8B (reported), talks at $15B+. Updated Oct 30, 2026. 8 pages.
RoboticsHigh
Humanoid robotics: Figure 03 in production at BotQ, working at BMW and Catalyst Brands. Backed by Nvidia, Microsoft, Brookfield and Jeff Bezos at a $39B post-money valuation (Series C, Sept 2025). Revenue not disclosed. Updated Oct 31, 2026. 11 pages.
Legal AIHigh
Legal case-management platform with built-in AI; $400M raised (2025) at ~$3B reported; ~6,000 customers; 96%+ gross and 120%+ net retention (company); Pincites acquired (Jan 2026); FedRAMP authorized. Updated Oct 30, 2026.
AI InfrastructureHigh
Runs and fine-tunes open AI models for companies; >$1B annualized revenue and 40T+ tokens/day (company); $1.5B Series D at $17.5B (Jul 2026); reported talks at $30–40B. Updated Oct 30, 2026. 7 pages.
AutonomyMedium
Driverless box trucks with no one aboard in Texas, Arizona and Arkansas since mid-2025; >$600M contracted; $200M Series D (Aug 2026). PepsiCo, Walmart among customers. Updated Oct 30, 2026. 7 pages.
Enterprise AIHigh
AI agent workspace; ~$250M ARR (company, mid-2026); $485M Series B led by Emergence, last at $2.6B (Jun 2026); 6,000+ business clients. Updated Oct 30, 2026.
SiliconMedium
After NVIDIA's ~$20B license deal, Groq is an AI cloud on NVIDIA hardware, valued at $3.5B (Aug 2026). DOJ probe and shareholder suit pending. Updated Oct 14, 2026. 9 pages.
Legal AIHigh
Leading legal AI platform: $15.5B valuation after a $550M round (Sep 2026); ARR above $400M (reported); used by 80% of the AmLaw 100 (company). Four acquisitions in 2026. Updated Oct 28, 2026. 8 pages.
Enterprise AIMedium
AI document analysis for finance and law; $130M Series B (a16z, Jul 2024) at ~$700M; >40% of largest asset managers use it (company); no funding or revenue update since 2024; rising competition. Updated Oct 30, 2026.
Defense TechHigh
Europe's most valuable defence-tech start-up: $18B valuation (Jul 2026 Series E, $1.8B). Sells AI software and the drones that carry it; German orders for HX-2 drones and Eurofighter AI; factories in Germany, the UK and the US. Group revenue not disclosed. Updated Oct 31, 2026. 12 pages.
Generative MediaHigh
AI avatar and video translation platform; $200M+ ARR (Jun 2026, company), doubled in eight months; ~$74M raised; profitable since 2023; last valued >$500M (2024). Updated Oct 30, 2026.
Healthcare AIMedium
Patient-facing AI agents for health systems, insurers and pharma: 250M+ patient interactions (company), Grove AI acquired, Orchestrators launched Aug 2026. $3.5B valuation (reported), $444M raised; revenue undisclosed. Updated Oct 29, 2026. 9 pages.
Generative MediaMedium
AI images with accurate text, from ex-Google Brain founders; ~$96.5M raised ($80M Series A, a16z, 2024); open-weight Ideogram 4.0 (Jun 2026); no round since 2024; revenue undisclosed. Updated Oct 30, 2026.
Frontier AIMedium
Reinforcement learning AI lab founded by AlphaGo creator David Silver; $1.1B seed at $5.1B, Sequoia and Lightspeed (Apr 2026); NVIDIA and Google Cloud partnerships; pre-revenue. Updated Oct 30, 2026.
AI InfrastructureMedium
Expert-made AI training data (OpenAI since 2022) plus an enterprise AI platform; $134M 2024 revenue, profitable (company); $100M raise at a reported $2B+ (Sep 2025). Updated Oct 30, 2026. 6 pages.
QuantumMedium
Trapped-ion quantum computers plus SkyWater foundry, networking and security; Q2 revenue $80.1M (+287%); 2026 guidance $450–460M; $2.0B equity sale (Oct); Elisity deal pending. NYSE: IONQ. Updated Oct 30, 2026. 6 pages.
QuantumMedium
Finnish maker of on-site superconducting quantum computers; listed on Nasdaq (IQMX) 2 Jul 2026 at ~$1.9B; H1 revenue €8.9M; 2026 guidance €42–47M; backlog €102M+. Updated Oct 30, 2026. 6 pages.
Legal AIHigh
AI contract management; ARR >$200M (Feb 2026, company), ~40% growth; CEO Dan Springer (ex-Docusign) since 2025; last valued $3.2B (Jan 2022); Harvey partnership. Updated Oct 30, 2026.
Advanced Air MobilityMedium
Electric air taxis in the final FAA certification stage; Blade helicopter flights; 2026 revenue guidance $115–125M; $2.3B cash (Jun); Resonant defense deal (~$500M, pending); Aerosonic verdict. NYSE: JOBY. Updated Oct 30, 2026. 6 pages.
FintechMedium
Public since September 2025 (NYSE: KLAR) at $40; now ~$13. Revenue up 27% and back to profit, but 2026 outlook cut. Updated Oct 14, 2026. 9 pages.
AI InfrastructureHigh
GPU cloud with a reported $50B backlog and $35B Anthropic deal; new CEO Michel Combes; raising up to $4B at $14.5B (in talks) ahead of a 2027 IPO. Revenue not published. Updated Oct 28, 2026. 7 pages.
Legal AIHigh
Harvey's main legal-AI rival: $8.8B valuation (Oct 2026 Series E), ARR above $200M, 2,400+ customers including over half the AmLaw 50. Five acquisitions in 2026. Updated Oct 28, 2026. 8 pages.
AI for ScienceMedium
AI Science Factories — automated labs where AI runs experiments; $550M raised at >$1.3B (Oct 2025); ~$2B round at $8.5B reported in talks (Jun 2026), not closed; no customers named. Updated Oct 30, 2026.
On-Device AIMedium
Small AI models that run on devices instead of the cloud: a multi-year Shopify licence, an in-car deal with Mercedes-Benz and a Qualcomm collaboration; LFM3 models released Oct 2026. $250M Series A led by AMD (Dec 2024) at a reported >$2B; revenue not disclosed. Updated Oct 30, 2026. 7 pages.
Generative Video AIMedium
AI video and image models sold through its apps, a developer API, Adobe Firefly and, since Mar 2026, creative agents. $900M Series C led by Saudi Arabia's HUMAIN (Nov 2025) at a reported ~$4B, with a 2 GW HUMAIN supercluster planned for 2028. No revenue disclosed since a ~$8M run rate (Dec 2024). Updated Oct 30, 2026. 7 pages.
FintechMedium
Card-issuing and processing platform; Q2 2026 volume $120.4B (+32%), net revenue $176.0M (+17%), GAAP profit; CEO Mike Milotich since 2025; 2026 growth guided 12–13%. Nasdaq: MQ. Updated Oct 30, 2026. 6 pages.
FintechHigh
Startup banking: ~$1B annualized revenue and 450,000+ customers (Oct 2026), four years GAAP-profitable, $5.2B valuation (May 2026). OCC and FDIC approvals to open Mercury Bank. Updated Oct 29, 2026. 8 pages.
Generative AIMedium
Self-funded AI image and video lab with no outside investors; studios allege ~$300M of 2024 revenue. Licensed by Meta; V8.1 and video; new medical-scanner venture. Facing Disney, Universal and Warner Bros. suits. Updated Oct 29, 2026. 7 pages.
Foundation ModelsHigh
Europe's largest AI model company: valued at more than €21B (~$24B) after a €3B Series D led by Samsung (Sep 2026). ARR above $400M (Feb 2026, company); targeting $1B+ by year-end. Building data centers in France and Sweden. Updated Oct 28, 2026. 8 pages.
AI InfrastructureNot Rated
Chip-neutral AI software — the Mojo language, MAX engine and Modular Cloud; acquired by Qualcomm (closed 28 Jul 2026, ~$3.1B per 10-Q). Updated Oct 30, 2026. 7 pages.
AutonomyNot Rated
Hyundai-controlled (~86%) robotaxi company. Relaunched on Uber in Las Vegas in Mar 2026 with a safety operator in every car; driverless target end-2026. CEO Laura Major. Updated Oct 30, 2026. 7 pages.
SemiconductorsMedium
Analog compute-in-memory AI chips; $125M round led by DCVC with Honda and Lockheed Martin (Dec 2025); Honda co-developing a vehicle AI chip (Feb 2026); efficiency claims company-stated; revenue undisclosed. Updated Oct 30, 2026. 6 pages.
Healthcare AIMedium
AI clinical assistant in 35 languages; >85,000 clinicians (Jun 2025); $120M raised; founder Alex LeBrun now runs Yann LeCun's AMI Labs; Brian Manning CEO since Jul 2026. Updated Oct 30, 2026.
AutonomyMedium
Licenses its self-driving system; Uber–Lucid program for 35,000+ robotaxis. $6B Series E (down from $8.6B). Bay Area public launch targeted for late 2026. Updated Oct 30, 2026. 7 pages.
CybersecurityNot Rated
Security for machine and AI-agent identities; acquired by Cyera for ~$1B (completed Sep 2026), now Cyera Identity; revenue never disclosed. Updated Oct 30, 2026.
Health AIHigh
AI clinical search used by 1.12M U.S. clinicians. ~$300M annualized revenue, $15B valuation (Sep 2026), new cancer-drug program. Updated Oct 14, 2026. 10 pages.
AI SoftwareHigh
AI software for government and business; Q3 2026 revenue $2.313B (+96%); US commercial $984M passed US government for the first time; net income $1.128B; 2026 guidance $8.53B; $10.4B cash. Nasdaq: PLTR. Updated Nov 3, 2026. 10 pages.
AI InfrastructureMedium
Web search and research APIs for AI agents; $100M Series B at $2B led by Sequoia (Apr 2026); $230M raised; 100,000+ developers; Harvey, Notion, Clay customers; revenue undisclosed. Updated Oct 30, 2026.
QuantumMedium
French neutral-atom quantum computers; listed on Nasdaq (PSQL) 28 Aug 2026 with ~$360M cash; H1 revenue €4.9M (+14%); €70.4M booked and awarded. Updated Oct 30, 2026. 6 pages.
AI for ScienceMedium
AI scientists and autonomous labs from ex-OpenAI and DeepMind researchers; $300M seed at ~$1.3B; $500M+ at $7.5B reported (May 2026), not closed; Neon model launched Sep 2026; semiconductor revenue undisclosed. Updated Oct 30, 2026.
Generative MediaMedium
Consumer AI video app from Stanford founders; ~$135M raised, last valued ~$470M (2024, reported); model inside Adobe Firefly; AI Selves launched 2026; no new round since 2024. Updated Oct 30, 2026.
FintechHigh
$8B valuation (Feb 2026); 2025 ARR above $500M, up 40%. Early IPO talks with banks reported in July; no filing. Banks now charge Plaid for data, and the open-banking rule is being rewritten. New: what Plaid sells and how it charges. Updated Nov 1, 2026. 9 pages.
Prediction MarketsMedium
Prediction market back in the US (Polymarket US, CFTC-regulated); $21B round reported, not announced; revenue past $1B annualized (company). CFTC inquiry, state suits and an October hack. Updated Nov 1, 2026. 11 pages.
DefenseLow
Language AI for defense and intelligence analysts (Delta, Command, API); sold through AWS's classified marketplace. CEO Sean Moriarty; last round $69M (2023); revenue and valuation undisclosed. Updated Oct 30, 2026. 7 pages.
QuantumMedium
Photonic quantum computing: $7B valuation (Sep 2025); $125M DARPA, $100M CHIPS and up to $150M loan commitment in 2026; new CEO Victor Peng. Pre-revenue; sampling an optical switch for AI data centers. Updated Nov 1, 2026. 9 pages.
QuantumMedium
Nasdaq-listed (QNT) since June 2026 after a $1.68B IPO at $60; Honeywell is the largest holder (~48% of votes). The most accurate commercial quantum computer (Helios), but 2026 revenue guidance is $28–32M and the stock trades well below its IPO price. Updated Oct 30, 2026. 8 pages.
QuantumHigh
Control hardware and software that run quantum computers of every type; used by over half of quantum computer makers (company); $280M raised, ~$700M valuation (estimate); QHarbor and PCB Engineering acquired (2026). Updated Oct 30, 2026. 6 pages.
QuantumMedium
Neutral-atom quantum computers from Harvard/MIT science; Aquila on Amazon Braket; $230M convertible financing (Google, SoftBank, NVIDIA); Libra fault-tolerant system due 2028; not in DARPA Stage C. Updated Oct 30, 2026. 6 pages.
FintechHigh
Ramp confirmed $1.85B at a $60B valuation; annualized revenue tops $2B, it is cash-flow positive, and 85,000+ businesses use it. New: what Ramp sells, how it is paid (mostly card interchange from merchants, plus Ramp Plus at $15 a user a month), and where it sits in spend management and AI. Updated Nov 1, 2026. 13 pages.
DefenseLow
Formerly Rebellion Defense: now sells its own radar with AI fusion and command software to protect military bases and critical infrastructure; Navy Iris work and GSA/Tradewinds buying routes. No funding since its $150M 2021 round; revenue undisclosed. Updated Oct 31, 2026. 9 pages.
Foundation ModelsMedium
Open-weight model lab: Beam released Oct 2026, ranked #2 US open model by Artificial Analysis. $25B pre-money (Apr 2026); NVIDIA weighing a deeper deal. No disclosed revenue. Updated Oct 29, 2026. 8 pages.
AI SoftwareMedium
AI app-building platform: $9B valuation (Mar 2026), 60M+ users, $1B ARR goal for 2026 — but no revenue figure published since Sep 2025. OpenAI now its default model. Updated Oct 28, 2026. 7 pages.
Industrial SoftwareMedium
Test and control software for rockets, reactors and machines; founded by ex-SpaceX engineer Scott Morton; $150M Series B led by Index Ventures (Feb 2026) at ~$1B; ~$180M raised; revenue undisclosed. Updated Oct 30, 2026. 6 pages.
FintechHigh
Profitable global digital bank: £1.7B pre-tax profit on £4.5B revenue (2025). Full UK bank since Mar 2026; 80M+ customers (reported). Last completed sale $75B (Nov 2025); $115B reported (Jul 2026). Updated Oct 28, 2026. 9 pages.
FintechHigh
Retail investing app; Q3 2026 revenue $1.42B (+12%), net income $476M (−14%); 28.7M funded customers, 5.2M Gold; $396B platform assets; event contracts $173M. Nasdaq: HOOD. Updated Oct 30, 2026. 6 pages.
Generative Video AIHigh
AI video and world models: Gen-4.5 ranked #1 at launch; recurring revenue above $200M (Sep 2026, reported), doubled in five months. $5.3B valuation (Feb 2026, reported); Adobe, NVIDIA and Lionsgate partners. Updated Oct 29, 2026. 10 pages.
AI InfrastructureMedium
Designs its own AI inference chip (SN50) and sells it as a cloud, as on-premises racks and through Oracle; $1B Series F at $11B (Jul 2026); revenue undisclosed. Updated Oct 30, 2026. 7 pages.
AI for ScienceHigh
Physics-based AI models and post-quantum security; $5.75B valuation (Apr 2025), $1B+ raised; $500M CHIPS award with government stake (Jun 2026); models on Google Cloud and Claude. Updated Oct 30, 2026. 6 pages.
Defense TechHigh
Autonomous Navy vessels: $9.25B valuation (Mar 2026), $392M Corsair contract, 10 Marauders ordered, and the first US combat use of a drone boat (Jul 2026). Revenue not disclosed. Updated Oct 31, 2026. 8 pages.
CybersecurityMedium
Identity governance, privileged access and AI-agent identity; >$300M ARR, 96% retention (Jul 2026, company); $700M KKR-led Series B at ~$3B (Dec 2025). Updated Oct 30, 2026.
AI InfrastructureMedium
After Meta's $14.3B for 49%: revenue just under $1B in 2025, a Pentagon agreement raised to $500M, and a new CEO pivoting from data labeling to AI applications. ~$29B implied valuation. Updated Oct 31, 2026. 10 pages.
Consumer AIMedium
Voice AI from Oculus founders; $250M Series B (Sequoia, Spark), valued >$1B (reported); free iOS app with four voice agents in 39 countries; glasses planned for 2027; no revenue yet. Updated Oct 30, 2026.
Defense TechHigh
AI pilot software for military aircraft: Hivemind flies Anduril's YFQ-44A drone fighter, and the X-BAT jet has $200M of Navy funding. Valued at $12.7B (Mar 2026); talks at ≥$20B reported. Revenue ~$300M (FY to Mar 2025, company-reported). Updated Oct 31, 2026. 10 pages.
Agentic AIHigh
AI customer agents for ~50% of the Fortune 50. ~$200M annualized revenue, $15.8B valuation (May 2026), new agent standard with Meta. Updated Oct 14, 2026. 10 pages.
RoboticsHigh
One AI model for many kinds of robots. $100M annualized run rate and 60+ paying customers (company-reported); ~$1.4B SoftBank-led round at >$14B; bought Zebra's Fetch robot unit. Updated Oct 30, 2026. 8 pages.
Defense TechHigh
Largest US autonomous drone maker: $4.4B valuation (Apr 2026), record $52M Army order, hundreds of millions in annual revenue (company), $3.5B US expansion. Updated Oct 31, 2026. 9 pages.
AI InfrastructureHigh
Sells expert-made AI training data, evaluations and RL environments; $375M annualized run rate (company, Sep 2026), up from ~$20M; $350M Series E at $3.5B. Updated Oct 30, 2026. 7 pages.
AI FoundationLow
Ilya Sutskever's AI lab: last valued at $32B (Apr 2025, reported); Nvidia partnership with a reported $5B investment (Jul 2026). No product, paper or revenue yet. Updated Oct 28, 2026. 7 pages.
Generative MediaMedium
Stable Diffusion maker rebuilt under CEO Prem Akkaraju; $76M Series B (Aug 2026) from UMG, Warner, Sony Music and EA; $232M raised since 2024; revenue and valuation undisclosed; U.S. Getty suit ongoing. Updated Oct 30, 2026.
Healthcare AIMedium
Voice and ambient AI for clinicians, licensed to 30+ health-tech partners; $90M Series E (Oct 2026), >$250M raised; >450 organizations; revenue doubled in 2025 (company). Updated Oct 30, 2026.
Generative Music AIMedium
AI music generation: $300M+ recurring revenue and 2M+ paid subscribers (Feb 2026), $5.4B valuation (Jun 2026). v6 models built with Warner, BMG and Believe. Facing two UMG/Sony suits and a German court loss. Updated Oct 29, 2026. 9 pages.
Enterprise AI VideoHigh
Enterprise AI avatar video: used by 90%+ of the Fortune 100 (company), recurring revenue above $150M (reported), 140% net revenue retention. $4B valuation (Jan 2026); turned down a reported $3B Adobe offer. Sessions interactive avatars launched Oct 2026. Updated Oct 29, 2026. 8 pages.
Foundation ModelsMedium
Mira Murati's AI lab: $12B valuation (Jul 2025 seed); $40B+ talks reported (Sep 2026), not closed. Tinker and its first open model, Inkling, are out; Nvidia is an investor. Four of six co-founders have left. Updated Oct 28, 2026. 7 pages.
AI InfrastructureHigh
AI cloud for open models: $8.3B valuation (Series C, Jul 2026), $1.15B+ annual bookings, 1M+ developers. $240M IBM deal and 250 MW Saudi data center with HUMAIN. Updated Oct 29, 2026. 9 pages.
AI DataMedium
Expert training data for AI labs and enterprise AI; $111M Series E at $2.2B (Khazanah, Mar 2025); ~$300M run rate and profitable (early 2025); no update since. Updated Oct 30, 2026.
SemiconductorsMedium
Naveen Rao's new AI computer built on oscillator physics; $475M seed at $4.5B, a16z and Lightspeed (Dec 2025); Un-0 model (Jun 2026); acquiring NeuReality (Oct 2026); pre-revenue. Updated Oct 30, 2026. 6 pages.
Enterprise AIMedium
Enterprise AI platform for data, models and agents; $260M Series F at $2.5B led by NVIDIA, AMD, Snowflake, Databricks (Oct 2025); ~$870M raised; Tech Mahindra partnership (Aug 2026); revenue undisclosed. Updated Oct 30, 2026.
AI InfrastructureMedium
Open-standard AI networking; SkyHammer scale-up switch chip in development; $190M Series A-1 at $2B led by Premji Invest with NVIDIA (Jun 2026); $500M raised; pre-revenue. Updated Oct 30, 2026. 6 pages.
DefenseMedium
Foreign-language intelligence software (Decrypt) in production through a $99M-ceiling DIU agreement; 14 organizations using it; SMX partnership and FedRAMP High in 2026. ~$90M raised; revenue undisclosed. Updated Oct 30, 2026. 7 pages.
AI InfrastructureHigh
$30B valuation, $500M+ committed ARR and positive free cash flow (company). Hyundai and Kia invested in October; IPO-ready by end-2026, listing possibly 2027–28. New: what VAST sells, how it charges (software by capacity, hardware at cost), and where it sits in the AI chain. Updated Nov 1, 2026. 14 pages.
CybersecurityMedium
Behaviour-based AI threat detection across network, identity and cloud; Gartner NDR Leader 2025 and 2026; >2,000 organizations; FedRAMP High (Aug 2026); last round $130M at $1.2B (2021). Updated Oct 30, 2026.
AutonomousHigh
The US robotaxi leader: 15 metros, 500K+ paid rides a week (spring 2026, company), $126B valuation (Feb 2026) and a $5B loan (Oct 2026). Targets 1M weekly rides by year-end; several 2026 recalls. Updated Oct 31, 2026. 10 pages.
AI InfrastructureMedium
Storage software that keeps AI GPUs fed with data (NeuralMesh) and extends their memory; >$100M ARR in 2024 (company); last valued $1.6B (May 2024). Updated Oct 30, 2026. 7 pages.
CybersecurityMedium
Turned down Google's $23B, then sold for $32B in cash; deal closed March 2026. Now part of Google Cloud, protecting 50% of the Fortune 100. Updated Oct 14, 2026. 9 pages.
Spatial AIMedium
AMD is acquiring Fei-Fei Li's World Labs for ~$8.2B in stock (Sept 2026), the first confirmed value. Close expected by year-end. Updated Oct 14, 2026. 9 pages.
Foundation ModelsMedium
Now part of SpaceX (NASDAQ: SPCX). AI revenue up 3x+ in Q2 and a $60B Cursor purchase; the only way in is SPCX stock. Updated Oct 14, 2026. 12 pages.
Biotech AIMedium
AI drug discovery from Nobel laureate David Baker's protein-design science; >$1B committed (Apr 2024); X-Cell (Mar 2026) and X-Design (Oct 2026) platforms; focus on immunology antibodies; no drug in trials yet. Updated Oct 30, 2026.
QuantumLow
Photonic quantum computers and PennyLane software; Nasdaq/TSX: XNDU since Mar 2026; Q2 revenue $1.5M, net loss $42.1M; $312.8M cash; C$195M Canada funding (Aug 2026). Updated Oct 30, 2026. 6 pages.
AI InfrastructureMedium
Search and research APIs for AI agents; $100M Series C at $1.5B (Cox, Sep 2025); 1B+ monthly API queries; CEO Socher also runs Recursive; CTO change Mar 2026. Updated Oct 30, 2026.
Autonomous VehiclesAmazon Subsidiary
Amazon's purpose-built robotaxi: paid rides in Las Vegas since Aug 2026 after the first federal exemption for a vehicle with no manual controls. About 100 vehicles, ~1 million riders, Uber partnership. Amazon subsidiary — not rated. Updated Oct 29, 2026. 9 pages.