Location
San Francisco, CA
Sector
LLM/Foundation Models
Most Recent Valuation
$965B
Total Funding
$128.7B
Biggest Investors
AmazonGoogleSalesforce VenturesLightspeed Venture PartnersMenlo VenturesGeneral Catalyst
Rankings based on most recent private valuation. Higher valuations indicate greater market confidence and growth potential.
Location
San Francisco, CA
Sector
LLM/Foundation Models
Most Recent Valuation
$852B
Total Funding
$201B
Biggest Investors
MicrosoftSoftBankNVIDIAThrive CapitalT. Rowe PriceDragoneer
Location
San Francisco, CA
Sector
LLM/Foundation Models (Acquired by SpaceX)
Most Recent Valuation
$250B
Total Funding
$22.7B
Biggest Investors
SpaceXElon MuskSequoia CapitalAndreessen HorowitzFidelityValor Equity PartnersMorgan Stanley
Location
San Francisco, CA
Sector
Data/ML Platform
Most Recent Valuation
$134B
Total Funding
$27.2B
Biggest Investors
Andreessen HorowitzMicrosoftNEATiger GlobalQatar Investment AuthorityMetaBlackRock
Location
Mountain View, CA
Sector
Autonomous Vehicles
Most Recent Valuation
$116B
Total Funding
$27.1B
Biggest Investors
AlphabetSilver LakeAndreessen HorowitzT. Rowe PriceSalesforce Ventures
Location
Sunnyvale, CA
Sector
Robotics
Most Recent Valuation
$39B
Total Funding
$1.9B
Biggest Investors
Parkway Venture CapitalNVIDIAMicrosoftOpenAIIntel CapitalLG Technology Ventures
Safe SuperintelligenceLocation
San Francisco, CA
Sector
LLM/Foundation Models
Most Recent Valuation
$32B
Total Funding
$3B
Biggest Investors
AlphabetSilver LakeAndreessen HorowitzT. Rowe PriceSalesforce Ventures
Location
San Francisco, CA
Sector
Dev/Coding
Most Recent Valuation
$29.3B
Total Funding
$3.38B
Biggest Investors
Parkway Venture CapitalNVIDIAMicrosoftOpenAIIntel CapitalLG Technology Ventures
Location
San Francisco, CA
Sector
Data/ML Platform
Most Recent Valuation
$29B
Total Funding
$15.9B
Biggest Investors
Greenoaks CapitalAlphabetAndreessen HorowitzLightspeed Venture PartnersSequoia CapitalNVentures
Location
San Francisco, CA
Sector
Search/LLM
Most Recent Valuation
$20B
Total Funding
$1.5B
Biggest Investors
Thrive CapitalAccelAndreessen HorowitzSequoia CapitalElad GilNat Friedman
Location
Paris, France
Sector
LLM/Foundation Models
Most Recent Valuation
$14B
Total Funding
âŹ2.8B
Biggest Investors
MetaAccel PartnersTiger GlobalIndex VenturesFounders Fund
Location
San Francisco, CA
Sector
Hardware/Infrastructure
Most Recent Valuation
$12B
Total Funding
$2B
Biggest Investors
NVIDIAJeff BezosIVPNEA
Location
San Francisco, CA
Sector
Generative AI/Image
Most Recent Valuation
$10.5B
Total Funding
$0
Biggest Investors
Self-funded
Location
Munich, Germany
Sector
Defense AI
Most Recent Valuation
$14B
Total Funding
$1.6B
Biggest Investors
General CatalystSaabSwedish Defence Materiel Administration
Location
London, UK
Sector
Autonomous Vehicles
Most Recent Valuation
$12B
Total Funding
$1.3B
Biggest Investors
SoftBankMicrosoftNVIDIABalderton CapitalIndex Ventures
Location
Paris, France
Sector
Dev/Coding
Most Recent Valuation
$12B
Total Funding
$626M
Biggest Investors
AtomicoFelicis VenturesWndrCoElad GileBayNVIDIA
Location
San Francisco, CA
Sector
AI/Recruitment
Most Recent Valuation
$10B
Total Funding
$380M
Biggest Investors
Andreessen HorowitzNVIDIAAMDCiscoJane StreetAccel
Location
Sunnyvale, CA
Sector
Hardware/Infrastructure
Most Recent Valuation
$8.1B
Total Funding
$1.8B
Biggest Investors
Self-funded
Location
San Francisco, CA
Sector
Enterprise/Legal
Most Recent Valuation
$8B
Total Funding
$1B
Biggest Investors
Felicis VenturesBenchmarkSequoia Capital
Location
Palo Alto, CA
Sector
Enterprise/Search
Most Recent Valuation
$7.2B
Total Funding
$768.2M
Biggest Investors
BenchmarkFoundation CapitalAltimeter Capital
Location
Toronto, Canada
Sector
LLM/Foundation Models
Most Recent Valuation
$7B
Total Funding
$1.7B
Biggest Investors
Sequoia CapitalKleiner PerkinsCoatueElad GilOpenAI Startup Fund
Location
London, UK
Sector
Generative AI/Audio
Most Recent Valuation
$6.6B
Total Funding
$281M
Biggest Investors
Kleiner PerkinsGeneral CatalystLightspeed Venture PartnersSequoia Capital
Location
Stockholm, Sweden
Sector
Dev/Coding
Most Recent Valuation
$6.6B
Total Funding
$552.5M
Biggest Investors
NVIDIASalesforceIndex VenturesInovia CapitalRadical Ventures
Physical IntelligenceLocation
San Francisco, CA
Sector
Robotics
Most Recent Valuation
$5.6B
Total Funding
$1.07B
Biggest Investors
Andreessen HorowitzSequoia CapitalThrive CapitalNat FriedmanDaniel Gross
Location
San Francisco, CA
Sector
Security
Most Recent Valuation
$5.1B
Total Funding
$534M
Biggest Investors
CapitalGMenlo VenturesAccelCreandum
| Rank | Startup | Location | Sector | Most Recent Valuation | Total Funding | Biggest Investors |
|---|---|---|---|---|---|---|
| 1 | San Francisco, CA | LLM/Foundation Models | $965B | $128.7B | AmazonGoogleSalesforce VenturesLightspeed Venture PartnersMenlo VenturesGeneral Catalyst | |
| 2 | San Francisco, CA | LLM/Foundation Models | $852B | $201B | MicrosoftSoftBankNVIDIAThrive CapitalT. Rowe PriceDragoneer | |
| 3 | San Francisco, CA | LLM/Foundation Models (Acquired by SpaceX) | $250B | $22.7B | SpaceXElon MuskSequoia CapitalAndreessen HorowitzFidelityValor Equity PartnersMorgan Stanley | |
| 4 | San Francisco, CA | Data/ML Platform | $134B | $27.2B | Andreessen HorowitzMicrosoftNEATiger GlobalQatar Investment AuthorityMetaBlackRock | |
| 5 | Mountain View, CA | Autonomous Vehicles | $116B | $27.1B | AlphabetSilver LakeAndreessen HorowitzT. Rowe PriceSalesforce Ventures | |
| 6 | Sunnyvale, CA | Robotics | $39B | $1.9B | Parkway Venture CapitalNVIDIAMicrosoftOpenAIIntel CapitalLG Technology Ventures | |
| 7 | Safe Superintelligence | San Francisco, CA | LLM/Foundation Models | $32B | $3B | AlphabetSilver LakeAndreessen HorowitzT. Rowe PriceSalesforce Ventures |
| 8 | San Francisco, CA | Dev/Coding | $29.3B | $3.38B | Parkway Venture CapitalNVIDIAMicrosoftOpenAIIntel CapitalLG Technology Ventures | |
| 9 | San Francisco, CA | Data/ML Platform | $29B | $15.9B | Greenoaks CapitalAlphabetAndreessen HorowitzLightspeed Venture PartnersSequoia CapitalNVentures | |
| 10 | San Francisco, CA | Search/LLM | $20B | $1.5B | Thrive CapitalAccelAndreessen HorowitzSequoia CapitalElad GilNat Friedman | |
| 11 | Paris, France | LLM/Foundation Models | $14B | âŹ2.8B | MetaAccel PartnersTiger GlobalIndex VenturesFounders Fund | |
| 12 | San Francisco, CA | Hardware/Infrastructure | $12B | $2B | NVIDIAJeff BezosIVPNEA | |
| 13 | San Francisco, CA | Generative AI/Image | $10.5B | $0 | Self-funded | |
| 14 | Munich, Germany | Defense AI | $14B | $1.6B | General CatalystSaabSwedish Defence Materiel Administration | |
| 15 | London, UK | Autonomous Vehicles | $12B | $1.3B | SoftBankMicrosoftNVIDIABalderton CapitalIndex Ventures | |
| 16 | Paris, France | Dev/Coding | $12B | $626M | AtomicoFelicis VenturesWndrCoElad GileBayNVIDIA | |
| 17 | San Francisco, CA | AI/Recruitment | $10B | $380M | Andreessen HorowitzNVIDIAAMDCiscoJane StreetAccel | |
| 18 | Sunnyvale, CA | Hardware/Infrastructure | $8.1B | $1.8B | Self-funded | |
| 19 | San Francisco, CA | Enterprise/Legal | $8B | $1B | Felicis VenturesBenchmarkSequoia Capital | |
| 20 | Palo Alto, CA | Enterprise/Search | $7.2B | $768.2M | BenchmarkFoundation CapitalAltimeter Capital | |
| 21 | Toronto, Canada | LLM/Foundation Models | $7B | $1.7B | Sequoia CapitalKleiner PerkinsCoatueElad GilOpenAI Startup Fund | |
| 22 | London, UK | Generative AI/Audio | $6.6B | $281M | Kleiner PerkinsGeneral CatalystLightspeed Venture PartnersSequoia Capital | |
| 23 | Stockholm, Sweden | Dev/Coding | $6.6B | $552.5M | NVIDIASalesforceIndex VenturesInovia CapitalRadical Ventures | |
| 24 | Physical Intelligence | San Francisco, CA | Robotics | $5.6B | $1.07B | Andreessen HorowitzSequoia CapitalThrive CapitalNat FriedmanDaniel Gross |
| 25 | San Francisco, CA | Security | $5.1B | $534M | CapitalGMenlo VenturesAccelCreandum |
Latest funding rounds, acquisitions, and market developments in the AI startup ecosystem.
OpenAI Funding Round
FundingValuation
$852B
Total Funding
$201B
OpenAI completed a $122B funding round, bringing total funding to $201B and a $852B valuationâreflecting continued investor conviction in OpenAI's foundation models and enterprise AI platform.
Anthropic Funding Round
FundingValuation
$965B
Total Funding
$128.7B
Lead Investors in Latest Round:
CoatueIconiq
Anthropic completed a $65B funding round, bringing total funding to $128.7B and a $965B valuation. The round reflects continued strong investor interest in Anthropic's Claude AI models and enterprise AI strategy.
Databricks Funding Round
FundingValuation
$134B
Total Funding
$27.2B
Databricks completed a significant funding round, raising its total funding to $27.2B while maintaining its $134B valuation. The company continues to lead in the unified data and AI platform space.
xAI Acquired by SpaceX
AcquisitionValuation
$250B
Total Funding
$22.7B
xAI was acquired by SpaceX in a landmark deal that values the AI company at $250B. The acquisition represents a strategic move to integrate advanced AI capabilities into SpaceX's operations. Total funding stands at $22.7B.
This ranking is based on comprehensive analysis of AI startup valuations that considers:
- Most Recent Valuation: The latest private valuation from funding rounds or secondary transactions
- Valuation Date: The year when the most recent valuation was established
- Total Funding: Cumulative amount raised across all funding rounds
- Biggest Investors: Major investors who have participated in the startup's funding rounds
Note: Valuations are based on publicly available information and may not reflect the most current private market transactions. Rankings are updated periodically as new funding rounds and valuations are announced.
Frequently Asked Questions
Anthropic leads at $965B valuation. OpenAI ranks #2 at $852B, followed by xAI at $250B (acquired by SpaceX). Anthropic has raised $128.7B in total funding; OpenAI has raised $201B.
The top 3 (Anthropic, OpenAI, xAI) are all LLM/Foundation Model companies competing to build AGI. Their combined valuation of $2.067T dwarfs #4 Databricks at $134B. This reflects investor belief that the AI foundation layer will capture most of the value in the AI ecosystem.
Midjourney stands out with a $10.5B valuation on $0 external funding â it's entirely self-funded through revenue. Perplexity AI also shows exceptional capital efficiency: $20B valuation on just $1.5B raised. Compare this to OpenAI's $852B on $201B raised.
San Francisco dominates with 15+ of the top 20 AI startups. Notable exceptions include Mistral AI in Paris ($14B), Cohere in Toronto ($7B), and ElevenLabs in London ($6.6B). Europe's AI presence is growing but still trails significantly.
LLM/Foundation Models dominate the top spots (Anthropic, OpenAI, xAI, Mistral, Cohere). Data/ML Platforms follow (Databricks at $134B, Scale AI at $29B). Emerging categories include Robotics (Figure AI at $39B) and Dev Tools (Cursor at $29.3B).
Figure AI is the highest-ranked robotics company at $39B on just $1.9B raised â exceptional capital efficiency. They're backed by NVIDIA, Microsoft, and notably OpenAI itself, suggesting foundation model leaders see humanoid robotics as a key application layer.
OpenAI leads with $201B raised, followed by Anthropic ($128.7B), Databricks ($27.2B), Waymo ($27.1B), and xAI ($22.7B). The foundation model companies require massive capital for compute. In contrast, Midjourney reached $10.5B valuation without any external funding.
Andreessen Horowitz (a16z) appears most frequently, investing in xAI, Databricks, Cursor, Mistral, and more. Sequoia Capital is also prominent across multiple top startups. Microsoft and NVIDIA are the most active strategic/corporate investors.