1
Andreessen Horowitz
Menlo Park, CA
13companies
The Disrupt 50
An index of the top private innovators shaping the future of tech and pushing the boundaries of human achievement.
SELECT MONTH TO DISPLAY
Innovator Spotlight: Figure AI
Figure AI is pioneering advanced humanoid robots engineered for practical tasks in factories, warehouses, and homes. Its Figure 03 models excel at complex real-world activities, from handling parts for car assembly to performing household chores such as organizing rooms and folding laundry. Unlike traditional non-humanoid robots, which are often limited to fixed and narrow roles, these humanoids deliver superior flexibility in environments built for people.
The company aims to tackle persistent labor shortages in manufacturing and logistics by taking on repetitive and physically demanding jobs. This supports Figure AI’s vision of bridging workforce gaps driven by aging populations and retirements, while contributing to broader economic growth. Significant progress is already underway through its manufacturing partnership with BMW, where the robots support vehicle production at the Spartanburg plant. The company is also collaborating with Brookfield to build large-scale real-world training datasets and infrastructure, supported by computing power from Nvidia. Home alpha testing is planned for later this year, and Figure AI aims to ship 100,000 units by 2029. It competes directly with Tesla’s Optimus and lower-cost models from China’s Unitree. Across the robotics industry, there is a clear shift toward versatile generalist robots capable of relieving labor pressures in both commercial and home settings. Figure AI is poised to be a leader.
Deal Metrics
Median
Recent Deal Size
$0.8 B
26.1% monthover month
Median
Raised to Date
$1.7 B
7.7% monthover month
Median
Time Between Financing Rounds
0.8 years
5% monthover month
Average
Recent Deal Size
$9.6 B
1.5% monthover month
Average
Raised to Date
$8.3 B
4.3% monthover month
Average
Time Between Financing Rounds
1.1 years
1.9% monthover month
Top Disrupt 50 Investors
2
Coatue Management
New York, NY
13companies
3
Nvidia (NAS: NVDA)
Santa Clara, CA
11companies
4
Sequoia Capital
Menlo Park, CA
11companies
5
Octant Ventures
San Francisco, CA
8companies
6
Saraswati Ventures
Austin, TX
8companies
7
1789 Capital
Palm Beach, FL
7companies
8
Lightspeed Venture Partners
Menlo Park, CA
7companies
9
Thrive Capital
New York, NY
7companies
The Disrupt 50
Tap any company for additional details.
Rank
Rank Move
Company
Industry
Post Money
Recent Deal
Value Trend
1
SpaceX
Space Technology
$1,250.0B
February 2026
Industry:Space Technology
Recent Deal:February 2026
Value Trend:
Company Description
SpaceX is drastically lowering the cost of space travel and access by pioneering reusable rockets and vertically integrated manufacturing.
Recent News
In March 2026, SpaceX successfully launched four NASA astronauts to the International Space Station for an eight-month mission. The company has also recently shifted its strategic focus toward developing orbital datacenters and specialized human landing systems to support upcoming lunar missions.
Recent Financing
On April 1, SpaceX filed for a record-breaking initial public offering and completed an all-stock merger with xAI, with the listing led by Bank of America, Citigroup, and Goldman Sachs.
2
OpenAI
Artificial Intelligence
$852.0B
March 2026
Industry:Artificial Intelligence
Recent Deal:March 2026
Value Trend:
Company Description
OpenAI develops powerful artificial intelligence models that fundamentally change how people and computers interact and create.
Recent News
In late March 2026, OpenAI announced plans to develop a unified AI superapp to centralize its services while simultaneously shuttering its Sora video platform and ending a $1 billion partnership with Disney. The company also terminated its Instant Checkout shopping tool trial in March 2026 following a failed attempt to establish a commerce platform. Additionally, OpenAI published a policy blueprint in early 2026 proposing a public wealth fund and four-day workweeks to address the societal impacts of transitioning toward AI superintelligence.
Recent Financing
OpenAI completed a $122 billion funding round and expanded its revolving credit facility to $4.7 billion with participation from Amazon, NVIDIA, and SoftBank.
3
Anthropic
Artificial Intelligence
$380.0B
February 2026
Industry:Artificial Intelligence
Recent Deal:February 2026
Value Trend:
Company Description
Anthropic is an AI research company developing highly capable and safe artificial intelligence systems.
Recent News
On March 31, 2026, Anthropic confirmed that a manual deployment error led to the accidental public leak of the internal source code for its Claude Code tool. During February 2026, the company launched its updated frontier models, Claude Opus 4.6 and Claude Sonnet 4.6, which introduced industry-leading performance for agentic coding and professional workflows. Additionally, on March 31, 2026, Anthropic signed a memorandum of understanding with the Australian government to collaborate on AI safety research and research initiatives.
Recent Financing
Anthropic secured $30 billion in Series G venture funding led by Coatue Management, Dragoneer Investment Group, and Founders Fund.
4
Stripe
Fintech
$159.0B
February 2026
Industry:Fintech
Recent Deal:February 2026
Value Trend:
Company Description
Stripe offers an easy and intuitive platform for businesses to manage and process online payments, disrupting traditional banking methods for e-commerce.
Recent News
On March 26, 2026, the Federal Trade Commission issued a warning to Stripe and other major payment processors, stating that denying services based on political or religious grounds could lead to investigations and enforcement actions. Earlier that month, on March 19, 2026, Stripe’s crypto joint venture, Tempo, launched a new payments protocol specifically designed to enable autonomous AI agents to conduct financial transactions. Additionally, on January 14, 2026, the company completed its acquisition of the billing and invoice software developer Metronome.
Recent Financing
The company completed a secondary transaction with Thrive Capital, Coatue Management, and Andreessen Horowitz to provide liquidity to employees and repurchase shares.
5
Databricks
Data Intelligence
$134.0B
December 2025
Industry:Data Intelligence
Recent Deal:December 2025
Value Trend:
Company Description
Databricks offers a unified data platform built on the open-source Apache Spark framework that allows organizations to combine their data engineering, data science, and machine learning workflows.
Recent News
On March 31, 2026, Databricks announced a plan to invest $850 million in the United Kingdom over three years to quadruple its London office footprint and significantly expand its local research and development team. The company also entered the cybersecurity market on March 24, 2026, with the launch of Lakewatch, an agentic security information and event management platform, and released a report on January 27, 2026, documenting a 327% surge in enterprise AI agent adoption.
Recent Financing
Databricks secured an estimated $4 billion in Series L venture funding with Insight Partners, J.P. Morgan Growth Equity Partners, and Fidelity Management & Research Company as lead investors.
6
Waymo
Autonomous Driving
$126.0B
February 2026
Industry:Autonomous Driving
Recent Deal:February 2026
Value Trend:
Company Description
Waymo develops and operates a fleet of fully autonomous vehicles that provide commercial ride-hailing services without a human driver, aiming to replace traditional transportation models with automated technology.
Recent News
On March 31, 2026, Waymo announced a partnership with Nihon Kotsu and GO to adapt its autonomous driving technology for the unique urban landscape of Tokyo. The company significantly expanded its service area in early 2026, launching fully autonomous ride-hailing operations in Miami on January 22 and across Dallas, Houston, San Antonio, and Orlando on February 24. Additionally, Waymo began operating its sixth-generation autonomous driving system in a fully driverless capacity on February 12, 2026.
Recent Financing
Waymo secured $16 billion in venture funding led by Dragoneer Investment Group, DST Global, and Sequoia Capital.
7
Revolut
Financial Technology
$100.0B
February 2026
Industry:Financial Technology
Recent Deal:February 2026
Value Trend:
Company Description
Revolut is a global financial technology company that provides a mobile-based platform for digital banking, foreign exchange, and multi-currency payment services to replace traditional banking infrastructure.
Recent News
In March 2026, Revolut was granted a full UK banking license by the Prudential Regulation Authority, enabling the company to offer lending and deposit services. On March 24, 2026, the firm announced a record annual profit of $2.3 billion for 2025 alongside plans to reach 100 million global customers by mid-2027. Additionally, the company applied for a U.S. banking charter in March 2026 to accelerate its international expansion.
Recent Financing
The company completed a secondary share sale led by Coatue, Greenoaks, and Dragoneer.
8
Ripple
Blockchain Payments
$40.0B
November 2025
Industry:Blockchain Payments
Recent Deal:November 2025
Value Trend:
Company Description
Ripple offers a protocol using blockchain technology to modernize and streamline inefficient and costly cross-border payment systems between banks.
Recent News
On April 1, 2026, Ripple launched the first treasury management system with native digital asset capabilities, allowing corporate treasury teams to manage fiat and digital liquidity within a single platform. This follows the company's March 17, 2026, announcement regarding the expansion of its payment services in Brazil and a March 11, 2026, move to secure an Australian Financial Services License to bolster its presence in the Asia-Pacific region. These operational updates come amid new regulatory clarity provided by joint guidance from the SEC and CFTC released in March 2026.
Recent Financing
The company secured $500 million in venture capital from Citadel Securities, Fortress Investment Group, and Galaxy Digital, along with C1 Fund.
9
Figure AI
Humanoid Robotics
$39.0B
May 2025
Industry:Humanoid Robotics
Recent Deal:May 2025
Value Trend:
Company Description
Figure AI is developing general-purpose humanoid robots designed to assist with everyday tasks in unpredictable environments using advanced artificial intelligence.
Recent News
On March 25, 2026, Figure AI's Figure 03 humanoid robot made a high-profile appearance at the White House during a summit focused on technology and children's education. Additionally, in late March 2026, CEO Brett Adcock announced the termination of the company's collaboration with OpenAI and revealed that the firm reached a significant manufacturing milestone by producing more robots in March than in any previous month.
Recent Financing
Figure AI secured $1.5 billion in Series C venture funding, led by Parkway Venture Capital, with participation from Intel Capital and Microsoft.
10
Safe Superintelligence
Artificial Intelligence
$32.0B
April 2025
Industry:Artificial Intelligence
Recent Deal:April 2025
Value Trend:
Company Description
Safe Superintelligence develops extremely powerful artificial intelligence systems by prioritizing safety and long-term research over immediate commercial demands.
Recent News
On February 5, 2026, it was reported that senior software engineer Shahar Papini, an early employee at Safe Superintelligence, departed the company to co-found an AI security startup called Attestable. This follows a leadership transition in mid-2025 where Ilya Sutskever assumed the role of CEO to steer the company’s long-term research strategy toward artificial general intelligence.
Recent Financing
Safe Superintelligence secured $2 billion in venture funding from Greenoaks Capital Partners, Nvidia, and Lightspeed Venture Partners.
11
Ramp
Fintech
$32.0B
November 2025
Industry:Fintech
Recent Deal:November 2025
Value Trend:
Company Description
Ramp uses AI to streamline corporate spending management, helping businesses automate finance tasks and save money and time.
Recent News
On March 31, 2026, Visa and Ramp announced an expanded partnership to introduce AI agents that automate corporate bill pay and integrate deeper technology for greater payment flexibility. Additionally, Ramp launched a new feature on March 23, 2026, that utilizes Apple Intelligence to automatically scan a user's iOS camera roll for receipts and match them to card transactions.
Recent Financing
Ramp secured $300 million of venture funding from Lightspeed Ventures, Coatue Management, and Avenir Growth Capital.
12
Anduril Industries
Defense Technology
$30.5B
June 2025
Industry:Defense Technology
Recent Deal:June 2025
Value Trend:
Company Description
Anduril Industries builds autonomous defense systems and software to rapidly modernize and deliver capabilities for military applications.
Recent News
In March 2026, Anduril reached an agreement to acquire space domain awareness firm ExoAnalytic Solutions and was selected by the Pentagon to develop space-based interceptor prototypes for the Golden Dome missile defense shield. Additionally, the company began production at its new Arsenal-1 manufacturing campus in Ohio on March 24, 2026, and was selected by the U.S. Navy for its XL-AUV program on March 12, 2026.
Recent Financing
The company raised $2.5 billion in Series G venture funding, led by Founders Fund, with participation from Baillie Gifford and V12 Partners.
13
VAST Data
AI Infrastructure
$30.0B
February 2026
Industry:AI Infrastructure
Recent Deal:February 2026
Value Trend:
Company Description
VAST Data provides a unified software platform that integrates storage, database, and computing functions to replace traditional hard drives with high-performance flash infrastructure for large-scale artificial intelligence workloads.
Recent News
On February 6, 2026, VAST Data introduced an end-to-end fully accelerated AI data stack developed in collaboration with NVIDIA to streamline AI pipeline ingestion and inference. Earlier that month, on February 3, 2026, the company launched VAST Amplify, a software program designed to increase effective flash storage capacity by up to six times. Additionally, in late March 2026, company leadership highlighted a significant market shift with large enterprises increasingly committing individual investments exceeding $100 million for AI infrastructure.
Recent Financing
An undisclosed investor reached an agreement to sell a 3.33% stake in the company for $1 billion.
14
Anysphere
Software Development
$29.3B
November 2025
Industry:Software Development
Recent Deal:November 2025
Value Trend:
Company Description
Anysphere is developing an AI-powered operating system for software development that fundamentally changes how developers interact with code.
Recent News
In February 2026, Anysphere reached a significant milestone as its Cursor platform hit $2 billion in annualized revenue, with reports indicating that half of the Fortune 500 now utilize the AI-powered code editor. The company also recently released Composer 2, a new model built on an open-source foundation aimed at optimizing performance and reducing costs for developers.
Recent Financing
Anysphere raised $2.3 billion in Series D venture funding led by Coatue Management and Accel, with participation from Nvidia.
15
Motional
Autonomous Vehicles
$28.2B
August 2025
Industry:Autonomous Vehicles
Recent Deal:August 2025
Value Trend:
Company Description
Motional develops and deploys advanced, fully driverless vehicles to bring autonomous ride-hailing services to market.
Recent News
On March 13, 2026, Motional and Uber relaunched their commercial robotaxi service in Las Vegas, making all-electric IONIQ 5 vehicles available to riders through the Uber app. Although the vehicles currently operate with a safety driver, the company stated it plans to transition to a fully driverless service by the end of 2026. This relaunch follows the commencement of driverless testing in the city on February 2, 2026.
Recent Financing
The company received KRW 629.1 billion in venture funding from Hyundai Motors Group.
16
Cerebras Systems
AI Hardware
$23.0B
February 2026
Industry:AI Hardware
Recent Deal:February 2026
Value Trend:
Company Description
Cerebras Systems builds specialized computer hardware designed to accelerate complex artificial intelligence deep learning applications.
Recent News
On January 14, 2026, Cerebras Systems entered into a multi-year compute partnership with OpenAI valued at over $10 billion to provide high-speed AI inference processing through 2028. Additionally, on March 13, 2026, Amazon Web Services announced a collaboration with the company to deploy Cerebras CS-3 systems within Amazon Bedrock to enhance AI inference performance for cloud users.
Recent Financing
Cerebras Systems raised $1.1 billion of Series H venture funding in a round led by Tiger Global Management, with participation from Advanced Micro Devices and Coatue Management.
17
Epic Games
Video Games
$22.5B
November 2024
Industry:Video Games
Recent Deal:November 2024
Value Trend:
Company Description
Epic Games develops popular video games and provides the foundational creation software and digital storefront used by developers to build and distribute interactive content under more favorable financial terms than traditional platforms.
Recent News
In March 2026, Epic Games announced the layoff of over 1,000 employees due to a downturn in Fortnite engagement and high spending on the game's ecosystem. Following this, reports surfaced in late March 2026 that Disney executives were considering a potential acquisition of the company to bolster their presence in gaming and the metaverse. Additionally, Epic Games' legal battle with Apple reached a new stage in March 2026 as Apple petitioned the U.S. Supreme Court to review rulings regarding App Store payment controls.
Recent Financing
Epic Games secured $1.5 billion in venture funding in a round led by The Walt Disney with participation from Qatar Investment Authority and Insight Capital Partners.
18
Kalshi
Financial Exchange
$22.0B
March 2026
Industry:Financial Exchange
Recent Deal:March 2026
Value Trend:
Company Description
Kalshi is an event contract exchange platform that allows users to trade on the outcome of future real-world events.
Recent News
On March 20, 2026, a Nevada judge issued a temporary restraining order barring Kalshi from offering sports, election, and entertainment contracts in the state without a gaming license. This legal setback followed criminal charges filed by the Arizona Attorney General earlier in March 2026, accusing the platform of operating an illegal gambling business. Additionally, on February 25, 2026, Kalshi announced new technological guardrails to preemptively block politicians and athletes from trading in markets where they may have non-public information.
Recent Financing
Kalshi raised over $1 billion in a funding round led by Coatue Management, following previous rounds led by Paradigm and Sequoia Capital.
19
Kraken
Cryptocurrency Exchange
$20.0B
November 2025
Industry:Cryptocurrency Exchange
Recent Deal:November 2025
Value Trend:
Company Description
Kraken is a major global platform that allows users to buy, sell, and trade a wide variety of digital assets and cryptocurrencies.
Recent News
On March 4, 2026, Kraken became the first digital asset bank to receive a Federal Reserve master account, granting the company direct access to the United States payments system. Following this milestone, on March 9, 2026, Kraken's parent company, Payward, announced a partnership with Nasdaq to develop a gateway for tokenized equities to move between regulated capital markets and decentralized blockchain ecosystems. Additionally, on March 31, 2026, the company launched Krak Concierge, an in-app hotel booking and travel rewards service.
Recent Financing
Kraken secured $800 million in Series C venture funding, with the deal led by Jane Street, Oppenheimer Partners, and Tribe Capital.
20
Perplexity AI
Artificial Intelligence
$20.0B
September 2025
Industry:Artificial Intelligence
Recent Deal:September 2025
Value Trend:
Company Description
Perplexity AI is an AI-powered search engine that delivers direct, cited, and conversational answers to user queries, fundamentally changing how information is retrieved online.
Recent News
On March 31, 2026, Perplexity AI was hit with a proposed class-action lawsuit in San Francisco federal court alleging the company surreptitiously shared sensitive user data and conversation transcripts with Meta and Google. Additionally, a federal judge issued an order on March 9, 2026, temporarily enjoining Perplexity from using AI agents to access Amazon’s protected computer systems following claims of unauthorized data scraping.
Recent Financing
The company secured a $1.4 billion Series C funding round with major participation from SoftBank Group, NVentures (NVIDIA), and Macquarie Capital.
21
Deel
HR Technology
$17.3B
October 2025
Industry:HR Technology
Recent Deal:October 2025
Value Trend:
Company Description
Deel provides a unified platform that automates the legal and financial complexities of hiring, paying, and managing a global workforce by acting as the employer of record in over 150 countries.
Recent News
In late March 2026, new court documents revealed that Deel admitted to a $6,000 payment for living expenses to an individual involved in a legal dispute with competitor Rippling, while denying allegations of corporate espionage. This development follows news from January 23, 2026, that federal prosecutors had opened a criminal investigation into allegations that the company operated a covert intelligence operation within rival firms. Additionally, on March 24, 2026, Deel released a major set of platform updates, including the general availability of its fully integrated Applicant Tracking System and new mobility tools for global immigration.
Recent Financing
Deel completed a $300 million Series E funding round and a $300 million secondary share sale with participation from Ribbit Capital, Andreessen Horowitz, and Coatue Management.
22
Rippling
Workforce Management
$16.8B
May 2025
Industry:Workforce Management
Recent Deal:May 2025
Value Trend:
Company Description
Rippling offers a single, unified platform that automates HR, IT, and finance, allowing businesses to manage everything from payroll to device setup for their global workforce in one system.
Recent News
On March 18, 2026, Rippling launched Rippling AI, a platform feature designed to automate complex actions and workflows across HR, IT, and finance systems. Earlier that month, a federal judge rejected rival Deel's attempt to dismiss a trade secret theft lawsuit, following revelations that Deel paid an individual to obtain Rippling's proprietary data. Additionally, on January 15, 2026, the company announced an expanded partnership with Apple to launch a new device store and buyback program.
Recent Financing
The company secured $460 million in Series G venture funding from Goldman Sachs Growth Equity, Elad Gil, and Dubin & Co. The capital will be used for market expansion, product enhancements, and new product development.
23
Veeam
Data Protection
$15.0B
December 2024
Industry:Data Protection
Recent Deal:December 2024
Value Trend:
Company Description
Veeam provides software that automates the backup, recovery, and management of data across virtual, physical, and cloud-based environments to ensure business continuity and resilience against cyber threats.
Recent News
On April 1, 2026, Veeam was recognized as a Gartner Peer Insights Customers Choice for Backup and Data Protection Platforms based on professional end-user ratings. Earlier, on February 24, 2026, the company introduced Agent Commander, a new solution designed to govern and protect against risks associated with agentic AI at an enterprise scale. Additionally, on March 13, 2026, Veeam released critical security updates to address multiple vulnerabilities in its software that could have allowed for remote code execution.
Recent Financing
Veeam completed a $2 billion secondary equity offering and received a strategic investment from Microsoft, with participation led by TPG, Temasek, and Neuberger Berman Capital Solutions.
24
Applied Intuition
Autonomous Vehicle Software
$15.0B
June 2025
Industry:Autonomous Vehicle Software
Recent Deal:June 2025
Value Trend:
Company Description
Applied Intuition provides software and AI stacks to help manufacturers develop, validate, and deploy autonomous driving and advanced driver-assistance systems for vehicles across multiple industries.
Recent News
On March 31, 2026, Applied Intuition launched Applied Edge, a field-deployable mobile operations center designed to develop, test, and operate autonomous systems in mission environments. The company also delivered the U.S. Navy's first large-scale data engine on March 19, 2026, to support edge data collection for AI development and established a strategic partnership with LG Innotek on March 29, 2026, to enhance autonomous sensing modules.
Recent Financing
Applied Intuition secured $600 million in Series F venture funding, with Kleiner Perkins, BlackRock, and CE-Ventures as key investors.
25
Surge AI
Knowledge Management
$15.0B
July 2025
Industry:Knowledge Management
Recent Deal:July 2025
Value Trend:
Company Description
Surge AI provides a platform that uses human intelligence to create high-quality, annotated data for training advanced artificial intelligence models like large language models.
Recent News
In January 2026, Surge AI researchers released EnterpriseBench and published a study titled Hierarchy of Agentic Capabilities to establish a framework for evaluating how AI models perform in simulated professional environments. Additionally, in March 2026, CEO Edwin Chen cautioned that the industry is becoming overly focused on superficial leaderboard rankings rather than developing technology to solve complex real-world challenges.
Recent Financing
The company is in talks to raise venture funding from undisclosed investors.
26
Nscale
AI Infrastructure
$14.6B
March 2026
Industry:AI Infrastructure
Recent Deal:March 2026
Value Trend:
Company Description
Nscale provides vertically integrated, renewable-powered data centers and specialized computing clusters designed to handle the massive processing requirements of large-scale artificial intelligence models.
Recent News
In March 2026, Nscale was identified as a key contributor to the Stargate UK infrastructure partnership alongside OpenAI and Nvidia to support the growth of the United Kingdom’s artificial intelligence ecosystem. The company is also currently developing a supercomputer in Loughton that is scheduled to become operational later in 2026. Additionally, in late March 2026, reports highlighted that the firm is exploring the deployment of modular AI factories and sovereign data centers across Europe and North America to address global compute demand.
Recent Financing
Nscale raised $2 billion in Series C funding and secured a $1.4 billion financing package with participation from Aker ASA, 8090 Industries, and Nvidia.
27
Skild AI
Knowledge Management
$14.0B
January 2026
Industry:Knowledge Management
Recent Deal:January 2026
Value Trend:
Company Description
Skild AI develops a universal, adaptable AI brain that enables any robot to perform diverse tasks in the physical world.
Recent News
On March 17, 2026, Skild AI announced strategic partnerships with Foxconn, ABB Robotics, and Universal Robots to integrate its general-purpose Skild Brain software into diverse industrial robotic systems. This collaboration includes an initial commercial deployment at Foxconn's Houston facility to automate the assembly of Nvidia's Blackwell GPU server racks.
Recent Financing
The company secured a $1.4 billion Series C funding round with major participation from SoftBank Group, NVentures (NVIDIA), and Macquarie Capital.
28
Shield AI
Defense Technology
$12.7B
March 2026
Industry:Defense Technology
Recent Deal:March 2026
Value Trend:
Company Description
Shield AI develops artificial intelligence software and autonomous aircraft that enable drones and fighter jets to navigate and complete missions in environments where GPS and communications are unavailable.
Recent News
On March 30, 2026, the Royal Netherlands Navy officially declared Shield AI's V-BAT uncrewed aerial system operational following successful testing in extreme sub-zero and high-wind environments. Earlier that month, on March 19, 2026, Northrop Grumman's Talon IQ successfully flew using Shield AI's Hivemind autonomy software. The company was also selected by the U.S. Air Force on February 13, 2026, to serve as a mission autonomy provider for the Collaborative Combat Aircraft program.
Recent Financing
Shield AI secured a $2 billion Series G funding round and preferred equity financing with participation from Advent International, JPMorgan Chase, and Blackstone.
29
Labs Companies
Human-Enhancement Technology
$12.5B
August 2025
Industry:Human-Enhancement Technology
Recent Deal:August 2025
Value Trend:
Company Description
Labs Companies develops artificial intelligence and augmented reality technology designed to digitize and integrate sensory experiences, such as taste, into social networking platforms.
Recent News
In September 2025, Labs Companies announced the formation of its investment arm, Labs Investor Group, which is preparing to launch specialized venture funds in 2026 focused on AI, extended reality, and humane systems. The company also detailed its strategic transition into a human-enhancement technology supercompany organized across seven distinct scientific labs designed to advance superintelligence and scientific modalities.
Recent Financing
Labs completed Series Seed and Series Seed II funding rounds along with a separate research and development round, with participation from JetDebt Finance, Jet Investments Group, and JET Venture Capital.
30
OpenEvidence
Medical Information
$12.0B
December 2025
Industry:Medical Information
Recent Deal:December 2025
Value Trend:
Company Description
OpenEvidence is an artificial intelligence company that develops a medical search engine to assist physicians with clinical decision support.
Recent News
On March 10, 2026, OpenEvidence reached a significant milestone by facilitating more than one million clinical consultations between verified physicians and its artificial intelligence system within a single 24-hour period. Additionally, on January 20, 2026, the company was selected to join the Mayo Clinic Platform Accelerate program to further refine its medical AI models using clinical data and validation.
Recent Financing
OpenEvidence received $250 million in venture funding.
31
Whatnot
Live Commerce
$11.5B
October 2025
Industry:Live Commerce
Recent Deal:October 2025
Value Trend:
Company Description
Whatnot operates a live-stream shopping platform that lets users buy and sell collectibles and unique items in real-time auctions.
Recent News
In March 2026, Whatnot introduced several new platform features including an in-app shipment scanner, a personalized home feed, and automated captions to improve accessibility for all live shows. Additionally, the company published its 2026 State of Live Selling Report in late January 2026, which highlighted that its global user base averaged 95 minutes per day on the platform.
Recent Financing
Whatnot secured $225.00 million in Series F venture funding from major investors including CapitalG, DST Global, and Andreessen Horowitz.
32
Clear Street
Capital Markets
$12.0B
January 2026
Industry:Capital Markets
Recent Deal:January 2026
Value Trend:
Company Description
Clear Street replaces fragmented, outdated capital markets infrastructure with a single, cloud-native platform that offers institutional clients real-time clearing, financing, and trading capabilities.
Recent News
On March 23, 2026, Clear Street expanded its institutional services by launching a digital asset trading platform to provide clients with secure spot execution and access to crypto markets. The company also entered the Asia-Pacific region on February 23, 2026, through the acquisition of Boom Securities to broaden its global prime brokerage footprint. Additionally, Clear Street officially withdrew its registration for a $351 million initial public offering on February 19, 2026, citing volatile market conditions.
Recent Financing
Clear Street's Series C financing totaled $135.39 million, with notable backing from Baillie Gifford, SBI Holdings, and BlackRock Inc.
33
Notion
Knowledge Management
$11.0B
January 2026
Industry:Knowledge Management
Recent Deal:January 2026
Value Trend:
Company Description
Notion is an AI-powered, all-in-one workspace that consolidates an organization's documents, projects, and knowledge base, allowing teams to manage all their work in one place.
Recent News
On March 30, 2026, Notion introduced a new tabs feature to improve page organization and reduce vertical scrolling. Earlier in March 2026, the company launched custom skills for Notion AI, allowing teams to turn repetitive AI tasks into accessible commands. Additionally, Notion recently updated its platform to include a redesigned sidebar, a presentation mode for documents, and the ability for Notion AI to search Salesforce data.
Recent Financing
A $270 million private tender offer for employee shares included investments from GIC, Sequoia Capital, and Index Ventures.
34
Harvey
Legal Tech
$11.0B
February 2026
Industry:Legal Tech
Recent Deal:February 2026
Value Trend:
Company Description
Harvey develops specialized artificial intelligence systems that automate complex legal tasks like contract analysis, regulatory compliance, and litigation research to streamline professional workflows.
Recent News
On March 31, 2026, Harvey officially opened its Dublin office as its EMEA headquarters and announced a legal AI partnership with Paris Saint-Germain. Throughout March 2026, the company also secured partnerships with the Chicago Cubs and the US Open while integrating its platform with Microsoft 365 Copilot. Earlier in the month, Harvey expanded its capabilities by launching an AI Agent Builder and bringing on the Lume AI team.
Recent Financing
Harvey secured $200 million in venture funding led by Goodwin Investments and Sequoia Capital, with participation from General Catalyst.
35
ElevenLabs
AI Audio
$11.0B
February 2026
Industry:AI Audio
Recent Deal:February 2026
Value Trend:
Company Description
ElevenLabs is an artificial intelligence company that develops models to create highly realistic, customizable human-like voices for content and interactive applications.
Recent News
On April 1, 2026, ElevenLabs launched ElevenMusic, an iOS application that allows users to generate and remix songs from text prompts. The company also announced a strategic collaboration with IBM on March 25, 2026, to integrate its text-to-speech technology into the watsonx Orchestrate platform for enterprise use. Additionally, ElevenLabs established a multi-year partnership with the San Francisco Giants in March 2026 to deploy AI voice and audio technology throughout Oracle Park.
Recent Financing
ElevenLabs raised $500 million in Series D venture funding led by Sequoia Capital, with participation from AMP Coalition and Smash Capital.
36
Quantinuum
Quantum Computing
$10.8B
November 2025
Industry:Quantum Computing
Recent Deal:November 2025
Value Trend:
Company Description
Quantinuum uses trapped-ion quantum computing hardware and software to offer solutions for complex problems in chemistry, material science, and finance.
Recent News
Quantinuum established a new R&D and Operations Centre in Singapore on March 11, 2026, to foster the local quantum ecosystem and focus on commercial applications in computational biology. In February 2026, the company reported reaching a commercial inflection point with its Helios quantum computer, citing strong demand driven by the system's high fidelity and accuracy in producing logical qubits.
Recent Financing
Quantinuum secured $838.85 million in Series B venture funding from NVentures, Cambridge Quantum Computing, and Honeywell.
37
Colossal Biosciences
De-extinction Genetics
$10.3B
September 2025
Industry:De-extinction Genetics
Recent Deal:September 2025
Value Trend:
Company Description
Colossal Biosciences uses genetic engineering and reproductive technology to bring back extinct species and protect critically endangered ones.
Recent News
On March 16, 2026, Colossal Biosciences announced the reawakening of the dire wolf through advanced de-extinction science, shortly after opening its Dallas-based genome engineering labs to the media for the first time on March 12. Additionally, the company announced a partnership with the United Arab Emirates on February 3, 2026, to establish a massive genetic biovault in Dubai aimed at preserving the DNA of over 10,000 species.
Recent Financing
Colossal Biosciences secured $320 million in Series C venture funding, led by Thomas Tull, Mark Walter, and North Equity.
38
Cognition
AI Software
$10.2B
September 2025
Industry:AI Software
Recent Deal:September 2025
Value Trend:
Company Description
Cognition develops artificial intelligence tools designed to independently plan and execute complex software engineering tasks.
Recent News
In February 2026, Cognition launched Devin 2.2 and introduced Cognition for Government to modernize critical infrastructure using its autonomous AI software engineer. Throughout March 2026, the company added features allowing Devin to manage and schedule multiple worker agents for parallel task execution and recurring sessions. Additionally, in January 2026, Cognition established strategic partnerships with Infosys and Cognizant to deploy its technology across their global engineering organizations.
Recent Financing
Cognition raised $400 million in Series C venture funding from Founders Fund, Khosla Ventures, and Lux Capital.
39
WHOOP
Wearable Technology
$10.1B
March 2026
Industry:Wearable Technology
Recent Deal:March 2026
Value Trend:
Company Description
Whoop develops a screenless wearable device that continuously monitors physiological data like heart rate variability and sleep to provide users with personalized recovery and performance analytics.
Recent News
On March 31, 2026, Whoop announced a multi-year health and performance partnership with the Paris Saint-Germain football club. Earlier that month, the company launched a dedicated women's health panel and announced plans to hire for more than 600 new roles globally to support its platform expansion. Additionally, in January 2026, the FDA issued guidance clarifying that blood pressure monitoring features like those developed by Whoop can be classified as wellness tools rather than strictly regulated medical devices.
Recent Financing
Whoop raised $575 million in a Series G funding round led by Collaborative Fund, with participation from Qatar Investment Authority and Mubadala Investment Company.
40
Thinking Machines Lab
Artificial Intelligence
$10.0B
June 2025
Industry:Artificial Intelligence
Recent Deal:June 2025
Value Trend:
Company Description
Thinking Machines Lab is building advanced artificial intelligence systems by integrating research and product development to ensure empirical and safety-focused deployment.
Recent News
In March 2026, Thinking Machines Lab announced a strategic partnership with NVIDIA to deploy gigawatt-scale computing systems for training customizable AI models. Throughout early 2026, the company also experienced a series of high-profile departures, with several founding members and its chief technology officer leaving to join competitors Meta and OpenAI.
Recent Financing
The company raised $2 billion of seed funding in a deal led by Andreessen Horowitz, with participation from Nvidia and ServiceNow Ventures.
41
Crusoe
AI Infrastructure
$10.0B
October 2025
Industry:AI Infrastructure
Recent Deal:October 2025
Value Trend:
Company Description
Crusoe builds vertically integrated AI infrastructure by converting wasted natural gas into energy for high-performance computing clusters.
Recent News
On March 27, 2026, Crusoe announced plans for a new 900 MW AI factory campus in Abilene, Texas, specifically designed to support Microsoft’s AI infrastructure. Earlier that month, on March 16, 2026, the company expanded its collaboration with NVIDIA to deliver end-to-end infrastructure for agentic AI. Additionally, on March 12, 2026, Crusoe unveiled a new manufacturing facility in Colorado to produce modular AI factories.
Recent Financing
Crusoe raised $1.38 billion of Series E venture funding led by Valor Equity Partners and Mubadala Capital, with participation from Nvidia.
42
Mercor
Artificial Intelligence
$10.0B
October 2025
Industry:Artificial Intelligence
Recent Deal:October 2025
Value Trend:
Company Description
Mercor operates an AI talent platform that utilizes human workers to train its machines by generating data, fundamentally changing how workforce tasks contribute to AI development.
Recent News
On March 31, 2026, Mercor confirmed a significant security breach resulting from a supply-chain attack on the LiteLLM library that occurred on March 27, 2026. In response, Meta indefinitely suspended its collaboration with the company while other major AI labs launched investigations into the potential exposure of proprietary training data. Additionally, a class-action lawsuit was filed against the firm on April 1, 2026, alleging inadequate cybersecurity protections.
Recent Financing
Mercor secured $350 million in Series C venture funding, with notable investors including Felicis, General Catalyst, and Benchmark Capital Holdings.
43
Sierra
Conversational AI
$10.0B
September 2025
Industry:Conversational AI
Recent Deal:September 2025
Value Trend:
Company Description
Sierra provides AI technology that enables businesses to create more human-like and effective customer experiences.
Recent News
On March 27, 2026, Sierra expanded its international presence by acquiring the Tokyo-based AI startup Opera Tech and opening new offices in Sydney and Madrid. The company also launched Ghostwriter on March 25, 2026, a tool that enables intelligent agents to autonomously create and optimize other agents for enterprise use. In February 2026, Sierra reported it had surpassed $150 million in annual recurring revenue due to rapid adoption of its platform by large enterprises.
Recent Financing
The company secured $350 million of venture funding in a round led by Greenoaks Capital Partners and Singtel Innov8, with participation from undisclosed investors.
44
Neuralink
Medical Devices
$9.7B
January 2025
Industry:Medical Devices
Recent Deal:January 2025
Value Trend:
Company Description
Neuralink is developing implantable brain-machine interfaces designed to connect humans with computers and eventually facilitate direct neural communication.
Recent News
In January 2026, Neuralink reported that its global clinical trials had expanded to 21 participants using its brain-computer interface to control digital devices and robotic limbs. Elon Musk announced on New Year's Eve 2025 that the company aims to begin high-volume production of its implants and implement a streamlined surgical procedure throughout 2026. Additionally, reports in late March 2026 highlighted the progress of the first participant in the company's United Kingdom trial, who successfully used the technology to control a computer and play video games.
Recent Financing
Raised $650 million of Series E venture funding from Group 42 Holding, SaxeCap, and 1802 Ventures.
45
Polymarket
Prediction Market
$9.6B
March 2026
Industry:Prediction Market
Recent Deal:March 2026
Value Trend:
Company Description
Polymarket is a blockchain-based prediction market that allows users to bet on the outcome of real-world events, creating a real-time, useful measure of public belief on future outcomes.
Recent News
On March 27, 2026, Polymarket removed a controversial betting market regarding the rescue of U.S. airmen in Iran after facing significant backlash from Representative Seth Moulton. Additionally, on March 26, 2026, the federal government filed lawsuits against three states to challenge their attempts to regulate prediction platforms under state gambling laws.
Recent Financing
Polymarket raised a $2 billion strategic investment and $600 million direct cash investment with participation from Intercontinental Exchange, Founders Fund, and Blockchain Capital.
46
Grafana Labs
Observability Platform
$9.5B
March 2026
Industry:Observability Platform
Recent Deal:March 2026
Value Trend:
Company Description
Grafana Labs provides an open-source platform that allows organizations to aggregate, visualize, and analyze operational data from various databases to monitor the performance of their digital infrastructure.
Recent News
On March 30, 2026, Grafana Labs released critical security updates to address two severe vulnerabilities, including one that could allow for remote code execution. Earlier that month, on March 10, 2026, the company signed a five-year strategic collaboration agreement with Amazon Web Services to accelerate the adoption of open observability and AI-driven insights on AWS.
Recent Financing
Grafana Labs completed a $250 million Series E funding round, a $150 million tender offer, and a secondary share sale with participation from GIC, Ontario Teachers' Pension Plan, and Sapphire Ventures.
47
Gusto
HR & Payroll Platform
$9.3B
June 2025
Industry:HR & Payroll Platform
Recent Deal:June 2025
Value Trend:
Company Description
Gusto simplifies and modernizes payroll, benefits, and HR for small and medium-sized businesses through an integrated, user-friendly platform.
Recent News
In February 2026, Gusto launched an integration with ChatGPT that allows users to manage payroll and access team insights through natural language prompts. On February 18, 2026, the company published research demonstrating that small businesses that integrate AI into their workflows experience increased revenue and higher hiring rates. In March 2026, Gusto introduced new automated compliance tools for accountants and an updated benefits renewal system.
Recent Financing
The company is currently raising venture funding, led by Teachers' Venture Growth.
48
Vercel
Autonomous Driving
$9.3B
September 2025
Industry:Autonomous Driving
Recent Deal:September 2025
Value Trend:
Company Description
Vercel is a cloud platform that simplifies and accelerates web development by providing infrastructure and tools for modern, high-performance websites and applications.
Recent News
On March 31, 2026, Vercel investigated a compromise of the axios npm package and implemented remediation actions to protect its platform, which remained unaffected by the supply chain attack. Earlier in the month, the company introduced a new plugin for AI coding agents to enhance project workflows and launched a dedicated diff view in v0 for file-by-file code reviews. Additionally, in February 2026, Vercel rebuilt its v0 platform to better connect AI-generated code with existing production infrastructure.
Recent Financing
The company raised $300.00 million of Series F venture funding in a deal led by Enterprise Holding (Singapore), Accel, and GIC Private.
49
Saronic
Defense Technology
$9.3B
March 2026
Industry:Defense Technology
Recent Deal:March 2026
Value Trend:
Company Description
Saronic designs and manufactures autonomous, vertically integrated surface vessels that use a unified software stack to modernize naval defense and maritime surveillance at scale.
Recent News
On February 12, 2026, Saronic was selected to support DARPA's Pulling Guard program to build and demonstrate semi-autonomous escort systems for logistics vessels. The company also reached a major milestone on August 22, 2025, with the successful keel laying of its first 150-foot Marauder autonomous ship at its Louisiana shipyard. Additionally, Saronic announced a strategic partnership with NVIDIA on October 23, 2025, to integrate advanced AI and robotics into its next-generation autonomous naval vessels.
Recent Financing
Saronic secured $1.75 billion in Series D funding led by Kleiner Perkins, with participation from Advent International and Bessemer Venture Partners.
50
Cyera
Financial Technology
$9.0B
December 2025
Industry:Financial Technology
Recent Deal:December 2025
Value Trend:
Company Description
Cyera is an AI-powered platform that helps enterprises secure and govern their data in the cloud, enabling them to safely utilize AI and prevent data loss.
Recent News
On February 17, 2026, Cyera announced that its Data Security Posture Management solution is now available through a new extended plan for AWS Security Hub. Earlier that month, on February 4, 2026, the company expanded its executive leadership team by appointing Brandon Sweeney as its new president. Additionally, in early 2026, Cyera Research Labs disclosed a critical unauthenticated remote code execution vulnerability in the n8n workflow automation tool.
Recent Financing
Cyera raised $400 million in a Series F funding round announced on January 8, 2026, which valued the company at $9 billion. The round was led by funds managed by Blackstone, with participation from existing investors including Accel, Coatue, Cyberstarts, Georgian, Greenoaks, Lightspeed Venture Partners, Redpoint, Sapphire, Sequoia Capital, and Spark. Additionally, on January 8, 2026, the company announced an employee tender offer backed by Cyberstarts’ Employee Liquidity Fund to provide liquidity for employees and early investors.
Data that informs the Disrupt 50 index is collected as of the last day of the previous month.
Metric definitions:
- Rank: Based on the most recently available post money value estimate.
- Move: The rank move from the previous month.
- Post Money: The most recently disclosed or estimated post money value based upon available information.
- Recent Deal: The most recent deal either publicly disclosed or announced.
- Value Trend: The trend in post money value. A down arrow suggests that the most recent round was a down round.
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Data Sources: S&P Global Market Intelligence and PitchBook Data, Inc. Data was also retrieved from various sources using Google's Gemini.
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