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The AI Stack

The complete tracker for AI companies from seed to IPO. OpenAI, Anthropic, xAI, Mistral, Cohere, and every major foundation model, AI infrastructure, and AI application company.

115
Companies Tracked
$214B
Total Funding Raised
47
Pre-IPO Companies
18
S-1 Filed
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Top AI Companies
Ranked by valuation — 115 companies tracked
1
OpenAI Pre-IPO

OpenAI is valued at $852B — the world's most valuable AI company, backed by $27B in funding. Track IPO readiness score, funding rounds, and timeline.

Valuation: $852B Raised: $55.4B Pre-IPO
2
Anthropic Pre-IPO

Anthropic builds Claude — one of the world's leading AI systems. Valued at $380B with $18.5B raised. Track IPO readiness, funding rounds, and timeline.

Valuation: $380B Raised: $53.0B Series D+
3
Palantir Technologies S-1 Filed

Data analytics and AI platform for government intelligence and enterprise operations.

Valuation: $312B Raised: $2.7B Public
4
Databricks S-1 Filed

Databricks is the world's leading Data Intelligence Platform, valued at $134B with over $4.8B in annual revenue. The company filed for IPO in February 2026 and is currently in its quiet period.

Valuation: $134B Raised: $19.2B Public
5
xAI Pre-IPO

xAI — Elon Musk's AI company behind Grok, valued at $100B with $30B raised. The company operates the world's largest AI supercomputer cluster and focuses on accelerating human scientific discovery.

Valuation: $80B Raised: $45B Series B
6
CoreWeave S-1 Filed

GPU-specialized cloud computing provider for AI workloads.

Valuation: $35B Raised: $20.1B Recent IPO
7
Cursor (Anysphere) Pre-IPO

Cursor is the AI code editor trusted by millions of developers — $29.3B valuation. Track funding rounds, IPO readiness score, and timeline on TechStackIPO.

Valuation: $29.3B Raised: $60M Series B
8
Perplexity AI Pre-IPO

AI-powered answer engine replacing traditional search with cited, conversational results.

Valuation: $20B Raised: $2.1B Series E
9
Scale AI S-1 Filed

Data labeling and AI infrastructure platform.

Valuation: $14B Raised: $2.6B Pre-IPO
10
Astera Labs S-1 Filed

Semiconductor connectivity solutions company enabling AI and cloud data center infrastructure.

Valuation: $21.4B Raised: $330M Public
11
Hugging Face Pre-IPO

Hugging Face is an AI/ML platform and open-source community used by 50,000+ companies for hosting and deploying machine learning models and datasets. The company remains private as of May 2026 with a $4.5B valuation from its August 2023 Series D ($235M led by Salesforce). No IPO date or S-1 filing has been announced. Investors include Google, Amazon, Nvidia, Salesforce, Intel, AMD, and IBM.

Valuation: $10B Raised: $1.495B Series F
12
Lambda Pre-IPO

GPU cloud computing platform for AI training and inference.

Valuation: $5.9B Raised: $2.5B Series E
13
Nscale S-1 Filed

AI hyperscaler building vertically-integrated GPU cloud infrastructure. $2B Series C (March 2026) at $14.6B valuation. Backed by NVIDIA, Dell, Aker ASA. Hired Goldman Sachs and JPMorgan as IPO underwriters — targeting public listing H2 2026.

Valuation: $14.6B Raised: $4.5B+ Series C
14
Legora S-1 Filed

AI-native legal platform — automates legal research, contract review, and due diligence for law firms and legal teams.

Valuation: $5.55B Raised: $550M Series F
15
Tempus AI S-1 Filed

AI-powered precision medicine platform analyzing clinical and molecular data.

Valuation: $8B Raised: $1.3B Recent IPO
16
SentinelOne S-1 Filed

AI-powered cybersecurity platform providing autonomous endpoint detection and response.

Valuation: $15B Raised: $696M Public
17
Sygaldry Technologies Pre-IPO

Quantum-accelerated AI server company reducing AI training & inference costs through hybrid quantum-classical hardware for data centers.

Valuation: Undisclosed Raised: $2.8B Series A
18
Rhoda AI S-1 Filed

Robot intelligence platform trained on internet-scale video to generalize across unpredictable industrial environments without specialized data.

Valuation: $1.7B Raised: $2.38B Series D
19
Groq Pre-IPO

AI inference chip company delivering the world's fastest LLM inference.

Valuation: $12.5B Raised: $3.6B Series F
20
Cohere Pre-IPO

Enterprise AI platform for natural language processing and large language models.

Valuation: $9.2B Raised: $1.585B Series F
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IPO Watchlist
Expected to IPO in next 12-24 months
OpenAI IPO Announced
OpenAI is valued at $852B — the world's most valuable AI company, backed by $27B in funding. Track IPO readiness score, funding rounds, and timeline.
$852B IPO Readiness
89
Replit S-1 Filed — Imminent
AI-powered coding platform that lets anyone build and deploy software using natural language.
$12B IPO Readiness
86
Anthropic IPO Announced
Anthropic builds Claude — one of the world's leading AI systems. Valued at $380B with $18.5B raised. Track IPO readiness, funding rounds, and timeline.
$380B IPO Readiness
85
Scale AI S-1 Filed — Imminent
Data labeling and AI infrastructure platform.
$14B IPO Readiness
85
Databricks S-1 Filed — Imminent
Databricks is the world's leading Data Intelligence Platform, valued at $134B with over $4.8B in annual revenue. The company filed for IPO in February 2026 and is currently in its quiet period.
$134B IPO Readiness
82
Hugging Face 12-18 months
Hugging Face is an AI/ML platform and open-source community used by 50,000+ companies for hosting and deploying machine learning models and datasets. The company remains private as of May 2026 with a $4.5B valuation from its August 2023 Series D ($235M led by Salesforce). No IPO date or S-1 filing has been announced. Investors include Google, Amazon, Nvidia, Salesforce, Intel, AMD, and IBM.
$10B IPO Readiness
81
Lambda 12-18 months
GPU cloud computing platform for AI training and inference.
$5.9B IPO Readiness
81
xAI 12-18 months
xAI — Elon Musk's AI company behind Grok, valued at $100B with $30B raised. The company operates the world's largest AI supercomputer cluster and focuses on accelerating human scientific discovery.
$80B IPO Readiness
80
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Sector Pipeline
Company count by funding stage
Seed
2
Series A
33
Series B
24
Series C
6
Series D
7
Series E
13
Series F
6
Pre-IPO
4
Public
9
Series D+
3
series_c
2
Recent IPO
2
Series H
1
series_b
1
Acquired
1
series_d
1
💰
Recent Funding Rounds
Latest deals in the AI sector
Anthropic
Secondary · Apr 2026
$5B
Led by Caplight
Beacon Biosignals
Series B Extension · Apr 2026
$97.2M
Led by JSL Health, Palo Santo
Alcatraz AI
Series B · Apr 2026
$50M
Sift
Series B · Apr 2026
$42M
Led by StepStone Group
Cognichip
Series A · Apr 2026
$60M
Led by Seligman Ventures
OpenAI
Series H · Mar 2026
$40B
Led by SoftBank Vision Fund, Amazon
Harvey
Series D · Mar 2026
$200M
Led by GIC, Sequoia Capital
Frore Systems
Series D · Mar 2026
$143M
Led by MVP Ventures
RoboForce
Seed+ · Mar 2026
$52M
Led by YZi Labs
Legora
Series D · Mar 2026
$550M
Led by Accel
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Sector Themes
Key narratives driving the AI sector in 2026
1

Foundation model consolidation driving valuation compression

2

AI inference chips becoming the new bottleneck

3

Enterprise AI agents replacing SaaS point solutions

4

Open-source models closing the capability gap

5

Multimodal AI unlocking physical world applications

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