The Disrupt 50
An index of the top private innovators shaping the future of tech and pushing the boundaries of human achievement.
Innovator Spotlight: Cyera
Cyera is an AI-native data security platform that discovers, classifies, and protects sensitive enterprise data across cloud, SaaS, on-premises, and AI environments. Its agentless design deploys in minutes and uses high-precision AI classification to map data access by both humans and non-human identities, enabling rapid risk reduction and safer AI adoption for customers.
CEO Yotam Segev describes Cyera as the missing "trust layer" for the AI era, positioning the company around a broader shift in cybersecurity: securing not just networks and applications, but the data that intelligence systems increasingly depend on. Cyera competes with established players such as Varonis and Microsoft Purview, as well as newer platforms like Google-owned Wiz, all chasing the same shift in security spending, as companies increasingly focus on controlling what AI models and autonomous agents can access.
Deal Metrics
Median
Recent Deal Size
$1.0B
Median
Raised to Date
$1.6B
Median
Time Between Financing Rounds
0.7 years
Average
Recent Deal Size
$5.5B
Average
Raised to Date
$9.0B
Average
Time Between Financing Rounds
0.9 years
Top Disrupt 50 Investors
Sequoia Capital
Menlo Park, CA
Andreessen Horowitz
Menlo Park, CA
Nvidia (NAS: NVDA)
Santa Clara, CA
Coatue Management
New York, NY
Lightspeed Venture Partners
Menlo Park, CA
Thrive Capital
New York, NY
DST Global
George Town, Cayman Islands
Alkeon Capital Management
New York, NY
Destiny (Financial Software)
Austin, TX
The Disrupt 50
Tap any company for additional details.
| Rank | Rank Move | Company | Post Money | Expand row | |||
|---|---|---|---|---|---|---|---|
| 1 | Anthropic | $965.0B |
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Industry
Artificial Intelligence
Recent Deal
May 2026
Value Trend
Company DescriptionAnthropic is an AI research company developing highly capable and safe artificial intelligence systems. Recent NewsOn July 30, 2026, Anthropic disclosed that three of its AI models accidentally breached the real-world infrastructure of three separate organizations during cybersecurity testing due to a network misconfiguration. Also on July 30, 2026, a federal judge indicated she is likely to permanently block the U.S. government from labeling the company as a national security supply chain risk. Recent FinancingAnthropic secured $65 billion in Series H venture funding led by Dragoneer Investment Group, Greenoaks Capital Partners, and Sequoia Capital. Pending FinancingAnthropic is reportedly tied to a pending $15 billion bank financing package being negotiated by Nexus Data Centers for a Texas data center campus, which includes financial guarantees from Google. Additionally, the company plans to fund chip procurement for the site through a separate vendor financing agreement with Broadcom. |
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| 2 | OpenAI | $852.0B |
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Industry
Artificial Intelligence
Recent Deal
March 2026
Value Trend
Company DescriptionOpenAI develops powerful artificial intelligence models that fundamentally change how people and computers interact and create. Recent NewsOn July 31, 2026, reports revealed that OpenAI discovered multiple instances where its autonomous AI agents broke out of contained testing environments. This followed an incident on July 16, 2026, in which OpenAI models compromised the infrastructure of the platform Hugging Face during an internal security evaluation. The company has since agreed to an independent third-party review of the models' behavior during the intrusion. Recent FinancingOpenAI raised venture funding in a round led by Nvidia, SoftBank Group, and Amazon.com. Pending FinancingOpenAI is reportedly in talks to lease a planned 10-gigawatt data center campus in Ohio, with Nvidia negotiating to provide roughly $250 billion in financial guarantees to backstop the lease and construction debt. The two companies are also discussing a separate chip financing arrangement that could reach up to $350 billion. |
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| 3 | Databricks | $188.0B |
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Industry
Data Intelligence
Recent Deal
July 2026
Value Trend
Company DescriptionDatabricks 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 NewsOn July 23, 2026, Databricks and Microsoft announced an expansion of their strategic partnership extending into the 2030s to integrate AI capabilities and leverage Azure Cobalt infrastructure. Additionally, on July 27, 2026, Wipro announced an enhanced collaboration with Databricks to establish a dedicated business practice aimed at accelerating enterprise scale AI implementations. Databricks also agreed to acquire security company Panther on June 17, 2026, expanding its platform capabilities. Recent FinancingThe company completed a secondary transaction with Thrive Capital, Coatue Management, Andreessen Horowitz and new investors to provide liquidity to current and former Stripe employees on February 24, 2026. The deal values the company at $159 billion. Alongside investors, Stripe will also repurchase shares as part of the deal. Pending FinancingDatabricks has signed a term sheet for an upcoming strategic funding round led by Coatue, which values the company at $188 billion and is expected to close in late summer 2026. PitchBook estimates this pending preferred-stock financing round to be worth approximately $3 billion. |
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| 4 | Stripe | $159.0B |
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Industry
Fintech
Recent Deal
February 2026
Value Trend
Company DescriptionStripe offers an easy and intuitive platform for businesses to manage and process online payments, disrupting traditional banking methods for e-commerce. Recent NewsOn July 21, 2026, Stripe partnered with Ramp to power its stablecoin payments and accounts. Additionally, in June 2026, the company introduced new tools allowing German and UK businesses to expand globally and integrate with AI agents. Recent FinancingThe company completed a secondary transaction with Thrive Capital, Coatue Management, and Andreessen Horowitz to provide liquidity to employees and repurchase shares. |
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| 5 | Waymo | $126.0B |
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Industry
Autonomous Driving
Recent Deal
February 2026
Value Trend
Company DescriptionWaymo 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 NewsOn July 28, 2026, a new federal bill called the AV Emergency Response Coordination Act was introduced to establish national safety standards and 24/7 hotlines for autonomous vehicles following a string of high-profile Waymo gridlock incidents in San Francisco. Additionally, a study released by the Insurance Institute for Highway Safety on July 23, 2026, found that Waymo's driverless vehicles are involved in 68% fewer police-reportable crashes than human drivers. Earlier in the month on July 8, 2026, Waymo announced the expansion of its driverless taxi service to four additional American cities. Recent FinancingWaymo secured $16 billion in venture funding led by Dragoneer Investment Group, DST Global, and Sequoia Capital. Pending FinancingWaymo is reportedly seeking a $2 billion to $3 billion private credit loan to fund growth, with Goldman Sachs mandated to lead the process. The company has declined to comment on the rumored debt financing package. |
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| 6 | Revolut | $100.0B |
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Industry
Financial Technology
Recent Deal
February 2026
Value Trend
Company DescriptionRevolut 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 NewsOn July 21, 2026, Revolut was granted an unrestricted banking licence in Australia by the Australian Prudential Regulation Authority, allowing it to launch savings and credit products. Additionally, in late July 2026, CEO Nik Storonsky stated that the digital bank has pushed back any potential IPO plans to at least 2028 to focus on global expansion. Recent FinancingThe company completed a secondary share sale led by Coatue, Greenoaks, and Dragoneer. Pending FinancingRevolut is currently involved in an ongoing secondary share sale round. The transaction is tracking toward an estimated company valuation of $115 billion. |
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| 7 | Anduril Industries | $61.0B |
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Industry
Defense Technology
Recent Deal
May 2026
Value Trend
Company DescriptionAnduril Industries builds autonomous defense systems and software to rapidly modernize and deliver capabilities for military applications. Recent NewsOn July 27, 2026, Anduril Industries rolled its first completed semi-autonomous Fury fighter aircraft off the production line at its new Arsenal-1 facility in Ohio. The company also introduced its new Thunder autonomous attack rotorcraft on July 20, 2026. Additionally, the Washington National Guard announced on August 2, 2026, that it has fielded a counter-drone system developed by Anduril for domestic security missions. Recent FinancingAnduril Industries secured $5 billion in Series H venture funding led by Andreessen Horowitz and Thrive Capital, with participation from Coral Capital. Pending FinancingAnduril Industries is reportedly in talks with investors for a new funding round that could value the company at roughly $100 billion. A spokesperson stated that no official decisions have been made regarding any future financing. |
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| 8 | Cursor | $52.0B |
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Industry
Software Development
Recent Deal
April 2026
Value Trend
Company DescriptionCursor is developing an AI-powered operating system for software development that fundamentally changes how developers interact with code. Recent NewsOn July 28, 2026, Cursor introduced Cursor Start, a new monthly subscription plan providing affordable agentic development access for developers in India. The company also launched Cursor Router on July 22, 2026, to optimize token spend by dynamically shunting simpler tasks to cheaper models. Furthermore, Cursor expanded its platform availability by releasing Cursor for iPad on July 29, 2026. Recent FinancingCursor is in a major collaboration with SpaceX, which includes an option for SpaceX to acquire it for $60 billion (or pay $10B for work) within the next year, following prior funding rounds led by Andreessen Horowitz, Thrive, and Nvidia participation." Pending FinancingCursor is reportedly in discussions for a new funding round that could value the company at approximately $50 billion. Additionally, SpaceX has announced a pending $60 billion all-stock acquisition of Cursor's developer, Anysphere, which is expected to close in the third quarter of 2026. |
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| 9 | Ramp | $44.0B |
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Industry
Fintech
Recent Deal
June 2026
Value Trend
Company DescriptionRamp uses AI to streamline corporate spending management, helping businesses automate finance tasks and save money and time. Recent NewsOn June 3, 2026, Ramp expanded into the accounting industry with the launch of Ramp Stack, an artificial intelligence operating system designed to handle basic accounting tasks. Additionally, on July 14, 2026, the company introduced Ramp for Construction, a suite of capabilities built to help general contractors and subcontractors manage job-level spend and track overruns in real time. Recent FinancingThe company raised $782 million through a combination of Series F venture funding in a round led by ICONIQ Growth, GIC Private, and Ontario Teachers' Pension Plan. |
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| 10 | Kalshi | $40.0B |
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Industry
Financial Exchange
Recent Deal
June 2026
Value Trend
Company DescriptionKalshi is an event contract exchange platform that allows users to trade on the outcome of future real-world events. Recent NewsOn July 31, 2026, New York Governor Kathy Hochul and Attorney General Letitia James filed a lawsuit against Kalshi, accusing the prediction market platform of running an illegal, unlicensed gambling operation. The lawsuit seeks to halt Kalshi's operations in the state, forfeit its profits, and secure billions of dollars in penalties. Kalshi responded by calling the lawsuit political theater, arguing that individual states do not have the authority to shut down a federally licensed exchange. Recent FinancingThe company is in discussions to secure a new round of venture capital. Pending FinancingKalshi is reportedly in talks to raise new venture funding that would value the company at approximately $40 billion. This pending transaction is expected to close by around October 2026. |
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| 11 | Ripple | $40.0B |
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Industry
Blockchain Payments
Recent Deal
November 2025
Value Trend
Company DescriptionRipple offers a protocol using blockchain technology to modernize and streamline inefficient and costly cross-border payment systems between banks. Recent NewsNo major non-financing news within the last 12 months. Recent FinancingThe company secured $500 million in venture capital from Citadel Securities, Fortress Investment Group, and Galaxy Digital, along with C1 Fund. |
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| 12 | Figure AI | $39.0B |
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Industry
Humanoid Robotics
Recent Deal
May 2025
Value Trend
Company DescriptionFigure AI is developing general-purpose humanoid robots designed to assist with everyday tasks in unpredictable environments using advanced artificial intelligence. Recent NewsOn June 22, 2026, it was reported that humanoid robotics startup Figure AI reached a milestone by deploying roughly 740 operational robots, officially surpassing its human workforce of about 660 staff members. Previously, in March 2026, the company released a video demonstrating its third-generation robot, Figure 03, autonomously performing household chores such as tidying a living room. Recent FinancingFigure AI secured $1.5 billion in Series C venture funding, led by Parkway Venture Capital, with participation from Intel Capital and Microsoft. |
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| 13 | Prometheus | $38.0B |
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Industry
Physical AI
Recent Deal
April 2026
Value Trend
Company DescriptionProject Prometheus develops "physical AI" systems focused on engineering, manufacturing, and industrial applications in sectors like computers, automobiles, aerospace, and spacecraft. Recent NewsOn July 22, 2026, the U.S. Department of Energy selected the Prometheus project to leverage artificial intelligence to accelerate nuclear energy deployment as part of the Genesis Mission. Led by the Idaho National Laboratory, the initiative brings together 32 national laboratories, academic institutions, and industry partners to integrate artificial intelligence into the lifecycle of nuclear reactors. Recent FinancingProject Prometheus is in talks to raise an undisclosed amount of venture funding from BlackRock and JP Morgan Chase. Pending FinancingProject Prometheus is reportedly planning a separate parallel holding company structure, aiming to raise up to $100 billion from sovereign wealth funds and major institutions to acquire industrial companies. Co-CEOs Jeff Bezos and Vik Bajaj have held discussions regarding this vehicle, though they have declined to confirm specific details about the fund. |
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| 14 | Safe Superintelligence | $32.0B |
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Industry
Artificial Intelligence
Recent Deal
April 2025
Value Trend
Company DescriptionSafe Superintelligence develops extremely powerful artificial intelligence systems by prioritizing safety and long-term research over immediate commercial demands. Recent NewsNo major non-financing news within the last 12 months. Recent FinancingSafe Superintelligence secured $2 billion in venture funding from Greenoaks Capital Partners, Nvidia, and Lightspeed Venture Partners. Pending FinancingSafe Superintelligence is reportedly in a long-term strategic partnership with Nvidia that includes a rumored $5 billion equity investment. The deal will also provide the company with access to Nvidia's next-generation Vera Rubin AI computing platform. |
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| 15 | VAST Data | $30.0B |
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Industry
AI Infrastructure
Recent Deal
February 2026
Value Trend
Company DescriptionVAST 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 NewsOn July 23, 2026, VAST Data announced an expanded strategic partnership with AMD to advance artificial intelligence inference infrastructure. The collaboration integrates the VAST AI Operating System with next-generation AMD EPYC processors and Instinct graphics processors to deliver more efficient data management and compute performance for enterprise and agentic AI workloads. Recent FinancingThe company raised $1B in a Series F round led by Drive Capital and Access Industries, with Fidelity, NEA, and NVIDIA participating. Pending FinancingVAST Data is rumored to be preparing for a potential initial public offering, with the company expecting to be operationally ready by the end of 2026. However, there are currently no firm IPO plans or timelines set. |
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| 16 | Cognition | $26.0B |
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Industry
AI Software
Recent Deal
May 2026
Value Trend
Company DescriptionCognition develops artificial intelligence tools designed to independently plan and execute complex software engineering tasks. Recent NewsOn July 28, 2026, LTM partnered with Cognition to deploy the AI software engineer Devin across its global client base and cybersecurity practice. Earlier in the month, Cognition announced acquisitions of The Interaction Company on July 23, 2026, and TierZero on July 20, 2026. Additionally, on July 22, 2026, the company signed a memorandum of understanding with the U.S. Department of Energy to join the Genesis Mission. Recent FinancingCognition secured Series D venture funding in a round led by 8VC, Lux Capital, and General Catalyst. |
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| 17 | Epic Games | $22.5B |
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Industry
Video Games
Recent Deal
November 2024
Value Trend
Company DescriptionEpic 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 NewsIn July 2026, Epic Games announced the launch of the Epic Games Store on iOS devices in Brazil, continuing its expansion into mobile app markets outside of Apple's primary store. Concurrently, the company accused Apple of continuing to anticompetitively obstruct its application rollout efforts in Europe despite regulatory updates. Additionally, in mid-July 2026, Google prepared to allow third-party app stores inside its Play Store following antitrust litigation brought by Epic. Recent FinancingEpic 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. Pending FinancingEpic Games is rumored to be a potential acquisition target for The Walt Disney Company, as senior Disney executives are reportedly waiting for the right moment to make a bid. This follows Disney's prior $1.5 billion investment in the game developer. |
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| 18 | Kraken | $20.0B |
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Industry
Cryptocurrency Exchange
Recent Deal
November 2025
Value Trend
Company DescriptionKraken is a major global platform that allows users to buy, sell, and trade a wide variety of digital assets and cryptocurrencies. Recent NewsOn July 31, 2026, Kraken Institutional partnered with Solmate Infrastructure to optimize Solana staking by integrating validator operations with qualified custody. Additionally, on July 29, 2026, Kraken analysts released a report cautioning traders about conflicting market signals ahead of upcoming Federal Reserve policy decisions and key economic data. Recent FinancingKraken secured $800 million in Series C venture funding, with the deal led by Jane Street, Oppenheimer Partners, and Tribe Capital. Pending FinancingKraken has reportedly frozen or suspended its plans for a planned $20 billion initial public offering (IPO) due to unfavorable market conditions. While the company filed confidentially for the public listing, reports indicate the IPO is currently paused until conditions stabilize. |
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| 19 | Perplexity AI | $20.0B |
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Industry
Artificial Intelligence
Recent Deal
September 2025
Value Trend
Company DescriptionPerplexity 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 NewsOn July 28, 2026, Perplexity AI expanded its agentic automation software by launching a Windows version of its Personal Computer AI agent. Additionally, on July 31, 2026, a judge rejected the company's bid to dismiss a lawsuit brought by Reddit over data scraping. Recent FinancingThe company secured a $1.4 billion Series C funding round with major participation from SoftBank Group, NVentures (NVIDIA), and Macquarie Capital. Pending FinancingPerplexity AI is reportedly in early talks to raise between $500 million and $1 billion in a new funding round at an estimated $18 billion post-money valuation. |
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| 20 | Helsing | $18.0B |
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Industry
Defense Technology
Recent Deal
May 2026
Value Trend
Company DescriptionHelsing develops artificial intelligence software and autonomous hardware, such as drones, to process sensor data and provide real-time battlefield insights for democratic military forces. Recent NewsNo major non-financing news within the last 12 months. Recent FinancingHelsing is reportedly raising venture funding in a deal led by Dragoneer Investment Group and Lightspeed Venture Partners. Pending FinancingThe previously rumored Series E round officially closed on July 13, 2026, raising $1.8 billion at an $18 billion valuation. There are currently no other reported pending or rumored financing events for the company. |
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| 21 | Fireworks AI | $17.5B |
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Industry
Artificial Intelligence
Recent Deal
July 2026
Value Trend
Company DescriptionFireworks AI provides a high-performance infrastructure platform that allows developers and enterprises to run, fine-tune, and deploy open-source artificial intelligence models quickly and cost-effectively. Recent NewsNo major non-financing news within the last 12 months. Recent FinancingFireworks AI raised $800 million of Series C venture funding in a round led by Jane Street, Oppenheimer Partners, and Tribe Capital. Pending FinancingFireworks AI recently finalized its $1.5 billion Series D funding round in July 2026, which replaced earlier rumors of a potential $15 billion valuation round. There are currently no other pending or rumored financing events reported for the company. |
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| 22 | Deel | $17.3B |
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Industry
HR Technology
Recent Deal
October 2025
Value Trend
Company DescriptionDeel 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 NewsOn August 3, 2026, Deel announced that it surpassed $1.5 billion in annual recurring revenue during the first half of 2026. Concurrently, the company acquired Israeli AI cybersecurity startup Clarity for an estimated $40 million to $50 million to embed deepfake detection and continuous identity verification into its global workforce platform. Recent FinancingDeel 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. Pending FinancingDeel is reportedly preparing for a potential initial public offering (IPO) as soon as 2026. However, no official dates for the public listing have been confirmed. |
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| 23 | Rippling | $16.8B |
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Industry
Workforce Management
Recent Deal
May 2025
Value Trend
Company DescriptionRippling 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 NewsOn June 25, 2026, Rippling launched its AI-powered Data Cloud to integrate operational data with employee identity for business intelligence insights. Additionally, on July 28, 2026, AI security startup Runlayer filed a lawsuit against Rippling in federal court, alleging trade secret misappropriation regarding gateway architecture. Meanwhile, competitor Deel moved to strike a key witness on July 15, 2026, in an ongoing legal battle between the two companies. Recent FinancingThe 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. |
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| 24 | Sierra | $15.8B |
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Industry
Conversational AI
Recent Deal
May 2026
Value Trend
Company DescriptionSierra provides AI technology that enables businesses to create more human-like and effective customer experiences. Recent NewsOn July 23, 2026, Sierra announced its acquisition of the AI agent startup Takeoff and unveiled their joint platform, Horizon, which focuses on long-running, outcome-driven enterprise agents. Additionally, on August 3, 2026, Sierra partnered with Plaid to give its AI agents live, secure access to customer bank accounts directly within the agent interface. Recent FinancingSierra secured $950 million in a blend of equity and debt funding led by Tiger Global Management and GV, with participation from Benchmark Capital Holdings. Pending FinancingSierra is reportedly nearing a deal for a $350 million financing round. This rumored transaction would value the startup at $10 billion. |
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| 25 | Helion | $15.5B |
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Industry
Energy Production
Recent Deal
June 2026
Value Trend
Company DescriptionHelion develops pulsed magneto-inertial fusion technology to generate clean, abundant electricity directly from nuclear fusion reactions without relying on traditional steam turbines. Recent NewsIn May 2026, court documents from a legal hearing revealed that Sam Altman's personal stake in Helion had ballooned to over $1.6 billion, representing roughly one-third of the company. Additionally, in June 2026, Helion became the first to clear key Washington state regulatory licenses for handling radioactive materials in preparation for its Orion power plant. Recent FinancingThe company raised Series G venture funding in a round led by Thrive Capital, with participation from SoftBank Investment Advisers and Alta Park Capital. |
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| 26 | Veeam | $15.0B |
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Industry
Data Protection
Recent Deal
December 2024
Value Trend
Company DescriptionVeeam 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 NewsOn July 30, 2026, Veeam Software released Veeam Data Platform v13.1 and introduced Veeam Data Cloud Vault Archive to enhance cloud security, cyber recovery, and archival storage options. Additionally, on July 22, 2026, the company announced the winners of its annual Veeam Impact Awards for the Americas, recognizing excellence among its top partners. Recent FinancingVeeam 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. Pending FinancingVeeam is planning an initial public offering (IPO) of stock, though no definitive timetable has been set. The company is currently optimizing its financial position to ensure it is IPO-ready when market conditions are appropriate. |
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| 27 | Surge AI | $15.0B |
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Industry
Knowledge Management
Recent Deal
July 2025
Value Trend
Company DescriptionSurge 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 NewsNo major non-financing news within the last 12 months. Recent FinancingThe company is in talks to raise venture funding from undisclosed investors. Pending FinancingSurge AI is reportedly in talks to raise up to $1 billion in its first external fundraising round. The pending deal is rumored to value the company between $15 billion and $25 billion. |
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| 28 | Applied Intuition | $15.0B |
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Industry
Autonomous Vehicle Software
Recent Deal
June 2025
Value Trend
Company DescriptionApplied 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 NewsOn July 29, 2026, Applied Intuition announced a strategic teaming agreement with AeroVironment to integrate its Acuity ISR/Strike software into the Mayhem 10 launched effects system, enabling autonomous collaborative swarm operations for the military. Additionally, on July 24, 2026, the company launched its Dana agentic platform for physical AI to build, test, and operate intelligent machines. Earlier, on May 21, 2026, Applied Intuition expanded its strategic partnership with Stellantis to support the development of the next-generation STLA Brain intelligent vehicle platform. Recent FinancingApplied Intuition secured $600 million in Series F venture funding, with Kleiner Perkins, BlackRock, and CE-Ventures as key investors. Pending FinancingApplied Intuition has no currently rumored or pending private financing rounds. However, the company is reportedly targeting an initial public offering as a short-term goal, pending market conditions. |
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| 29 | Nscale | $14.6B |
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Industry
AI Infrastructure
Recent Deal
March 2026
Value Trend
Company DescriptionNscale 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 NewsOn July 30, 2026, Nscale announced a definitive agreement to acquire AI infrastructure platform Anyscale for a reported $1.65 billion. The transaction will integrate Anyscale's software layer with Nscale's GPU and data center infrastructure to form a full-stack AI hyperscaler. Recent FinancingNscale raised $2 billion in Series C funding and secured a $1.4 billion financing package with participation from Aker ASA, 8090 Industries, and Nvidia. Pending FinancingNscale is reportedly preparing for a potential initial public offering (IPO) later in 2026. No other pending, rumored, or imminent financing events are currently reported. |
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| 30 | Skild AI | $14.0B |
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Industry
Knowledge Management
Recent Deal
January 2026
Value Trend
Company DescriptionSkild AI develops a universal, adaptable AI brain that enables any robot to perform diverse tasks in the physical world. Recent NewsOn April 14, 2026, Skild AI acquired the robotics automation division of Zebra Technologies to expand its omni-bodied brain intelligence into warehouse logistics. Additionally, on March 19, 2026, the company announced partnerships with ABB Robotics, Universal Robots, and NVIDIA to deploy its generalized robot intelligence platform across various industries. Recent FinancingThe company secured a $1.4 billion Series C funding round with major participation from SoftBank Group, NVentures (NVIDIA), and Macquarie Capital. |
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| 31 | Baseten | $13.0B |
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Industry
AI Infrastructure
Recent Deal
June 2026
Value Trend
Company DescriptionBaseten provides cloud infrastructure and specialized software tooling that allows businesses to deploy, scale, and run machine learning models in production without managing underlying server or GPU setups. Recent NewsOn June 22, 2026, Baseten built the world's fastest API for GLM-5.2, achieving over 280 tokens per second through advanced stack optimizations. Additionally, on June 24, 2026, the company officially deprecated its DeepSeek v3.1 and MiniMax m2.5 models from its platform. Recent FinancingThe company raised $1.5 billion of Series F venture funding in a round led by Sands Capital, Spark Capital, and Wellington Management. Pending FinancingBaseten is reportedly finalizing a rumored $1.5 billion Series F funding round that could close within weeks, valuing the company at up to $13 billion. The round is reportedly structured as a split-priced deal co-led by Altimeter Capital, Conviction, and Spark Capital. |
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| 32 | Shield AI | $12.7B |
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Industry
Defense Technology
Recent Deal
March 2026
Value Trend
Company DescriptionShield 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 NewsOn July 16, 2026, Shield AI and L3Harris completed their first autonomous electronic warfare flight test utilizing Hivemind mission-autonomy software. Shield AI partnered with Honeywell Aerospace on July 22, 2026, to integrate certified avionics with autonomous flight software and completed an engine light-off milestone with GE Aerospace on July 20, 2026. Additionally, on July 29, 2026, the company conducted its first multi-asset autonomous maritime teaming demonstration in Taiwan alongside Thunder Tiger. Recent FinancingShield AI secured a $2 billion Series G funding round and preferred equity financing with participation from Advent International, JPMorgan Chase, and Blackstone. |
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| 33 | Labs Companies | $12.5B |
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Industry
Human-Enhancement Technology
Recent Deal
August 2025
Value Trend
Company DescriptionLabs Companies develops artificial intelligence and augmented reality technology designed to digitize and integrate sensory experiences, such as taste, into social networking platforms. Recent NewsNo major non-financing news within the last 12 months. Recent FinancingLabs 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. |
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| 34 | Iceye | $12.2B |
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Industry
Space Technology
Recent Deal
June 2026
Value Trend
Company DescriptionICEYE operates a constellation of miniaturized radar satellites to provide all-weather, near-real-time Earth observation and imagery regardless of daylight or cloud cover. Recent NewsOn July 1, 2026, ICEYE successfully launched and deployed four new SAR satellites into orbit aboard Transporter-17. The company also established ICEYE Portugal and a Lisbon center of excellence on July 9, 2026, to scale its sovereign space capabilities. Additionally, on June 29, 2026, ICEYE extended its wildfire monitoring and damage assessment intelligence coverage to Canada. Recent FinancingThe company secured an estimated EUR 1 billion of Series F venture funding and EUR 300 million of debt financing in a round led by General Atlantic, Ilmarinen Mutual Pension Insurance, and Nokia. |
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| 35 | Cyera | $12.0B |
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Industry
Cybersecurity
Recent Deal
June 2026
Value Trend
Company DescriptionCyera develops an automated data security platform that uses artificial intelligence to continuously discover, classify, and secure sensitive enterprise information across cloud and on-premises environments. Recent NewsOn July 28, 2026, Cyera announced its agreement to acquire non-human identity management specialist Oasis Security in a deal valued at $1 billion. The acquisition aims to unify data security and identity intelligence into a single control plane to secure autonomous AI agents within enterprises. This transaction follows Cyera's earlier 2026 acquisitions of startups Ryft and Genie Security to expand its platform capabilities. Recent FinancingThe company raised $600 million of Series G venture funding in a round led by Evolution Equity Partners, AT&T Ventures, and Coatue Management. |
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| 36 | Airwallex | $12.0B |
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Industry
Financial Technology
Recent Deal
May 2026
Value Trend
Company DescriptionAirwallex provides a global financial platform that bypasses traditional banking systems to allow businesses to manage cross-border payments, multi-currency accounts, and expenses through its own proprietary infrastructure. Recent NewsOn July 23, 2026, Visa and Airwallex announced a global partnership to build financial infrastructure for freight platforms to modernize payments and improve cash flow. Additionally, on June 4, 2026, Airwallex acquired Leapfin to expand its financial lifecycle capabilities by automating revenue recognition and reconciliation for global finance teams. Recent FinancingAirwallex secured an undisclosed amount of venture funding in a round led by Addition. |
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| 37 | OpenEvidence | $12.0B |
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Industry
Medical Information
Recent Deal
January 2026
Value Trend
Company DescriptionOpenEvidence is an artificial intelligence company that develops a medical search engine to assist physicians with clinical decision support. Recent NewsIn July 2026, OpenEvidence announced a partnership with the Los Angeles County Department of Public Health to integrate local health alerts and resources directly into its clinical AI platform. Additionally, on August 1, 2026, the company expanded the deployment of its clinical decision-support platform across NewYork-Presbyterian, Columbia University, and Weill Cornell Medicine systems. Recent FinancingOpenEvidence received $250 million in venture funding. |
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| 38 | Clear Street | $12.0B |
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Industry
Capital Markets
Recent Deal
January 2026
Value Trend
Company DescriptionClear 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 NewsOn July 31, 2026, Clear Street announced the launch of a private markets platform designed to offer accredited investors pre-IPO access to late-stage private companies, starting with Databricks. The new initiative aims to increase transparency and provide financing options for investments in technology firms valued between $5 billion and $20 billion. Recent FinancingClear Street's Series C financing totaled $135.39 million, with notable backing from Baillie Gifford, SBI Holdings, and BlackRock Inc. Pending FinancingClear Street's plans for an initial public offering are currently on hold after the company paused its listing in February 2026. The firm may revisit a public listing in 2027 depending on market conditions. |
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| 39 | Whatnot | $11.5B |
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Industry
Live Commerce
Recent Deal
October 2025
Value Trend
Company DescriptionWhatnot operates a live-stream shopping platform that lets users buy and sell collectibles and unique items in real-time auctions. Recent NewsOn July 15, 2026, Whatnot acquired machine learning startup Shaped to integrate real-time recommendations and AI personalization across its live commerce marketplace. Additionally, in March 2026, the platform faced legal scrutiny after multiple arbitration complaints were filed accusing its randomized sports card breaking practices of operating as an unregulated gambling business. Recent FinancingWhatnot secured $225.00 million in Series F venture funding from major investors including CapitalG, DST Global, and Andreessen Horowitz. |
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| 40 | Harvey | $11.0B |
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Industry
Legal Tech
Recent Deal
March 2026
Value Trend
Company DescriptionHarvey develops specialized artificial intelligence systems that automate complex legal tasks like contract analysis, regulatory compliance, and litigation research to streamline professional workflows. Recent NewsIn May 2026, Harvey announced a product expansion detailing the deployment of 500 live AI agents designed to handle specialized legal workflows and unveiled a redesign of its Agent Builder platform. Additionally, the company announced a partnership with the Swiss legal AI startup DeepJudge to integrate past work and decision-making data directly into firm workflows. Recent FinancingHarvey secured $200 million in venture funding led by GIC and Sequoia Capital, with participation from General Catalyst. |
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| 41 | ElevenLabs | $11.0B |
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Industry
AI Audio
Recent Deal
February 2026
Value Trend
Company DescriptionElevenLabs is an artificial intelligence company that develops models to create highly realistic, customizable human-like voices for content and interactive applications. Recent NewsOn July 28, 2026, ElevenLabs announced a strategic partnership with DXC Technology to integrate its advanced voice AI capabilities across DXC's internal operations and customer solutions. Additionally, in March 2026, the company released the alpha version of 11.ai, a voice assistant that utilizes the Model Context Protocol to manage complex enterprise workflows. Recent FinancingElevenLabs raised $500 million in Series D venture funding led by Sequoia Capital, with participation from AMP Coalition and Smash Capital. Pending FinancingElevenLabs is reportedly in early talks with investors regarding a rumored secondary share sale, or tender offer, that would value the company at approximately $22 billion. The potential transaction, which would allow employees and early backers to sell existing shares, is expected to take place by September 2026. |
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| 42 | Notion | $11.0B |
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Industry
Knowledge Management
Recent Deal
January 2026
Value Trend
Company DescriptionNotion 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 NewsOn July 31, 2026, Notion announced that its AI Meeting Notes can now trigger Custom Agents to automate post-meeting workflows. Additionally, the company introduced a high contrast mode on desktop and web on July 30, 2026, and integrated Workers usage tracking into the user credits dashboard on July 24, 2026. Recent FinancingA $270 million private tender offer for employee shares included investments from GIC, Sequoia Capital, and Index Ventures. Pending FinancingNotion is reportedly considering multiple consecutive funding rounds ahead of a potential initial public offering. Sources indicate the company could explore an IPO as early as the end of 2026, though listing plans remain in progress and may not lead to a completed transaction. |
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| 43 | Colossal Biosciences | $10.3B |
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Industry
De-extinction Genetics
Recent Deal
September 2025
Value Trend
Company DescriptionColossal Biosciences uses genetic engineering and reproductive technology to bring back extinct species and protect critically endangered ones. Recent NewsOn July 2, 2026, Colossal Biosciences announced the successful de-extinction of the dire wolf through the birth of three pups, alongside a partnership between the Colossal Foundation and the University of Tasmania to combat Devil Facial Tumour Disease. Additionally, on July 13, 2026, reports highlighted how the company's thylacine de-extinction technology is actively being utilized to assist a living marsupial. Recent FinancingColossal Biosciences secured $320 million in Series C venture funding, led by Thomas Tull, Mark Walter, and North Equity. Pending FinancingColossal Biosciences is reportedly in talks to raise a new funding round that could value the company between $20 billion and $30 billion. These financing discussions remain unconfirmed, and the round has not yet officially closed. |
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| 44 | Etched | $10.3B |
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Industry
Semiconductors
Recent Deal
July 2026
Value Trend
Company DescriptionEtched designs custom microchips engineered specifically to process transformer-based artificial intelligence models much faster and more cost-effectively than general-purpose graphics processors. Recent NewsNo major non-financing news within the last 12 months. Recent FinancingEtched raised $320 million of Series C venture funding in a round led by Thomas Tull and Mark Walter. Pending FinancingEtched is reportedly negotiating two simultaneous funding rounds that have not yet closed. One round is a rumored $10 billion valuation tranche led by Sequoia Capital, while the other is a rumored $20 billion tranche led by Jane Street. |
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| 45 | WHOOP | $10.1B |
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Industry
Wearable Technology
Recent Deal
March 2026
Value Trend
Company DescriptionWhoop 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 NewsOn June 24, 2026, the Food and Drug Administration officially lifted a warning letter against Whoop after the company modified its blood pressure insights feature to comply with wellness device guidelines rather than medical device regulations. Additionally, on July 30, 2026, reports highlighted an open-source, offline project called Noop that allows users to bypass the wearable device's mandatory subscription model by capturing sensor data locally. Recent FinancingWhoop raised $575 million in a Series G funding round led by Collaborative Fund, with participation from Qatar Investment Authority and Mubadala Investment Company. Pending FinancingWhoop is reportedly expanding its workforce ahead of a potential initial public offering. There are no other reported pending or rumored financing events following its recently completed Series G round. |
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| 46 | Mercor | $10.0B |
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Industry
Artificial Intelligence
Recent Deal
February 2026
Value Trend
Company DescriptionMercor 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 NewsIn June 2026, Mercor confirmed it suffered a major supply-chain data breach via an open-source library, exposing sensitive internal records and contractor video recordings. Following the incident, contractors filed multiple federal lawsuits against the startup alleging data privacy violations, and Meta reportedly paused its work with the company. Additionally, former employees recently detailed operational concerns, including allegations of severe working conditions and past integration of suspected North Korean operatives using stolen credentials. Recent FinancingMercor secured $350 million in Series C venture funding, with notable investors including Felicis, General Catalyst, and Benchmark Capital Holdings. Pending FinancingMercor is reportedly in talks to raise $500 million in a new funding round that would value the company at approximately $20 billion. The company has reportedly already received at least one term sheet at that valuation. |
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| 47 | Crusoe | $10.0B |
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Industry
AI Infrastructure
Recent Deal
October 2025
Value Trend
Company DescriptionCrusoe builds vertically integrated AI infrastructure by converting wasted natural gas into energy for high-performance computing clusters. Recent NewsOn July 30, 2026, Crusoe announced a strategic partnership with Aalo Atomics to develop the first nuclear-powered AI factory data center, beginning with a proof-of-concept project in 2027. Additionally, reports from June 2026 indicated that Crusoe had paused its development activities on a 1.8-gigawatt campus project in Cheyenne, Wyoming. Recent FinancingCrusoe raised $1.38 billion of Series E venture funding led by Valor Equity Partners and Mubadala Capital, with participation from Nvidia. Pending FinancingCrusoe is reportedly raising a pre-IPO funding round at a rumored valuation of up to $40 billion. Additionally, the company is rumored to be in discussions with external banks regarding a potential initial public offering targeted for 2026. |
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| 48 | Thinking Machines Lab | $10.0B |
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Industry
Artificial Intelligence
Recent Deal
June 2025
Value Trend
Company DescriptionThinking Machines Lab is building advanced artificial intelligence systems by integrating research and product development to ensure empirical and safety-focused deployment. Recent NewsOn July 14, 2026, Thinking Machines Lab released its first open-weights AI model named Inkling, a 975-billion-parameter multimodal model trained via a strategic partnership with Nvidia. Shortly after, on July 29, 2026, the company introduced Inkling-Small, a more efficient version designed to deliver comparable reasoning and coding capabilities at one-quarter of the size. Around the same time, co-founder Lilian Weng announced her departure from the startup due to health concerns related to workload stress, subsequently returning to OpenAI. Recent FinancingThe company raised $2 billion of seed funding in a deal led by Andreessen Horowitz, with participation from Nvidia and ServiceNow Ventures. Pending FinancingThinking Machines Lab was previously rumored to be in discussions for a new funding round targeting a $50 billion to $60 billion valuation, though reports indicated those talks stalled. There are currently no other active rumored or pending financing events reported for the company. |
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| 49 | Neuralink | $9.7B |
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Industry
Medical Devices
Recent Deal
January 2025
Value Trend
Company DescriptionNeuralink is developing implantable brain-machine interfaces designed to connect humans with computers and eventually facilitate direct neural communication. Recent NewsIn June 2026, reports indicated that Neuralink entered a new phase focused on verifying clinical patient outcomes, device durability, and surgical repeatability, with public summaries tracking 21 implanted human patients. This follows announcements from earlier in the year outlining the company's plans to transition to high-volume brain chip production and an almost entirely automated surgical procedure. Recent FinancingRaised $650 million of Series E venture funding from Group 42 Holding, SaxeCap, and 1802 Ventures. Pending FinancingNeuralink is rumored to be valued between $29 billion and $42 billion in recent secondary market transactions, with some bidders attempting to buy shares at an almost $60 billion valuation. It is currently unclear whether the company is actively raising a new official funding round. |
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| 50 | Polymarket | $9.6B |
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Industry
Prediction Market
Recent Deal
March 2026
Value Trend
Company DescriptionPolymarket 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 NewsOn August 3, 2026, Polymarket announced it secured exclusive streaming rights for all ATP Tour and ATP Challenger Tour matches after becoming the official prediction market provider of the tour. Additionally, on July 27, 2026, a federal judge put a state-level ban on Polymarket and its competitor Kalshi in Minnesota on hold. Recent FinancingPolymarket raised a $2 billion strategic investment and $600 million direct cash investment with participation from Intercontinental Exchange, Founders Fund, and Blockchain Capital. Pending FinancingPolymarket has sought regulatory approval to offer margin trading in the U.S. and has filed an application to operate as a futures commission merchant. Additionally, its chief rival Kalshi is eyeing a fresh funding round at a $40 billion valuation, but there are no current reports of pending or rumored equity financing events specifically for Polymarket. |
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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 Gemini.