Data Report

Top AI-Native Companies by Valuation

Name: Top AI-Native Companies by Valuation — Company Valuation Dataset
Creator: Race to AGI
License: https://creativecommons.org/licenses/by-nc/4.0/

A ranked report of the most valuable AI-native and AI-focused companies, drawn from Race to AGI's proprietary company database. This list covers AI-first companies and major tech companies where AI is a core business — VC funds and asset managers are excluded. The 100 companies below carry a combined valuation of $4.88T, led by Anthropic at $965.0B. Figures are free to cite with attribution.

Last updated September 23, 2026 · Ranked from 275 tracked AI-native and AI-focused companies · Source: Race to AGI company database

#	Company	Category	Headquarters	Valuation
1	Anthropic	Research	San Francisco, United States	$965.0B
2	Potentially AI PLC	Infrastructure	London, United Kingdom	$965.0B
3	Executives from OpenAI	Infrastructure	San Francisco, United States	$852.0B
4	OpenAI	Research	San Francisco, United States	$840.0B
5	Empower AI	Infrastructure	Washington, United States	$157.0B
6	Databricks	Infrastructure	San Francisco, United States	$134.0B
7	xAI	Research	Palo Alto, United States	$80.0B
8	CoreWeave	Infrastructure	Livingston, United States	$68.1B
9	Cerebras Systems	Infrastructure	Sunnyvale, United States	$66.0B
10	DeepSeek	Research	China	$50.0B
11	Cognition AI	Infrastructure	San Francisco, United States	$47.0B
12	iFlytek	Products	Hefei, China	$46.9B
13	Anysphere	Infrastructure	San Francisco, United States	$30.0B
14	Scale AI	Infrastructure	San Francisco, United States	$29.0B
15	Cognition	Infrastructure	San Francisco, United States	$26.0B
16	Perplexity AI	Applications	San Francisco, United States	$20.0B
17	Kling AI	Infrastructure	San Francisco, United States	$18.0B
18	Sierra	Applications	San Francisco, United States	$15.0B
19	Skild AI	Infrastructure	San Francisco Bay Area, United States	$14.0B
20	Executives from Scale AI	Infrastructure	San Francisco, United States	$14.0B
21	Helsing	Applications	Munich, Germany	$14.0B
22	Mistral AI	Research	Paris, France	$13.8B
23	Grammarly	Applications	San Francisco, United States	$13.0B
24	Aurora	Applications	Pittsburgh, United States	$12.2B
25	Harvey	Infrastructure	San Francisco, United States	$11.0B
26	Physical Superintelligence	Infrastructure	San Francisco, United States	$11.0B
27	ElevenLabs	Products	London, United Kingdom	$11.0B
28	SenseTime	Products	Hong Kong, China	$10.6B
29	Crusoe	Infrastructure	Denver, United States	$10.0B
30	Luxonis	Infrastructure	Boulder, United States	$9.5B
31	FintechOS	Infrastructure	Bucharest, Romania	$8.6B
32	Alaffia Health	Infrastructure	New York, United States	$8.1B
33	Higharc	Infrastructure	San Francisco, United States	$8.1B
34	Reflection	Infrastructure	United States	$8.0B
35	Reflection AI	Infrastructure	United States	$8.0B
36	Glean	Applications	Palo Alto, United States	$7.2B
37	NEURA Robotics	Infrastructure	Germany	$7.0B
38	Groq	Hardware	Mountain View, United States	$6.9B
39	Cohere	Products	Toronto, Canada	$6.8B
40	AIM Intelligence	Infrastructure	South Korea	$6.7B
41	Lovable	Infrastructure	Stockholm, Sweden	$6.6B
42	io Products	Hardware	San Francisco, United States	$6.5B
43	Nuro	Applications	Mountain View, United States	$6.0B
44	Higgsfield AI	Infrastructure	San Francisco, United States	$5.4B
45	Abridge	Infrastructure	Pittsburgh, United States	$5.3B
46	SambaNova Systems	Infrastructure	Palo Alto, United States	$5.1B
47	Ineffable Intelligence	Infrastructure	London, United Kingdom	$5.1B
48	Wonderful	Infrastructure	Los Angeles, United States	$5.0B
49	Etched	Infrastructure	San Francisco, United States	$5.0B
50	Jet.AI	Infrastructure	Las Vegas, United States	$4.9B
51	Intersect	Infrastructure	San Francisco, United States	$4.8B
52	Hugging Face	Infrastructure	New York, United States	$4.5B
53	Humans&	Infrastructure	San Francisco, United States	$4.5B
54	Fourth Paradigm	Infrastructure	Beijing, China	$4.2B
55	Fireworks AI	Infrastructure	Redwood City, United States	$4.0B
56	Megvii	Products	Beijing, China	$4.0B
57	Inflection AI	Applications	Palo Alto, United States	$4.0B
58	Luma AI	Products	San Francisco, United States	$4.0B
59	AMI Labs	Infrastructure	Paris, France	$3.5B
60	LinqAlpha	Infrastructure	Singapore, Singapore	$3.4B
61	Together AI	Infrastructure	San Francisco, United States	$3.3B
62	Baidu Kunlunxin	Infrastructure	Beijing, China	$3.0B
63	Parloa	Infrastructure	Berlin, Germany	$3.0B
64	Replit	Applications	San Francisco, United States	$3.0B
65	Poolside	Applications	Paris, France	$3.0B
66	Runway	Products	New York, United States	$3.0B
67	MiniMax	Products	Shanghai, China	$3.0B
68	Horizon Robotics	Infrastructure	Beijing, China	$3.0B
69	Zhipu AI	Research	Beijing, China	$3.0B
70	Kunlunxin Technology	Infrastructure	Beijing, China	$3.0B
71	Kunlunxin (Beijing) Technology Co., Ltd.	Infrastructure	Beijing, China	$3.0B
72	Sherpa.ai	Infrastructure	Bilbao, Spain	$2.9B
73	Graphcore	Hardware	Bristol, United Kingdom	$2.8B
74	SynapX	Infrastructure	San Francisco, USA	$2.8B
75	Shield AI	Applications	San Diego, United States	$2.7B
76	Shanghai Biren Technology Co.	Infrastructure	Shanghai, China	$2.7B
77	Sakana AI	Research	Tokyo, Japan	$2.6B
78	Uniphore	Infrastructure	Palo Alto, United States	$2.5B
79	Moonshot AI	Products	Beijing, China	$2.5B
80	Flourish	Infrastructure	New York, United States	$2.5B
81	Suno	Infrastructure	San Francisco, United States	$2.5B
82	Volta	Infrastructure	San Francisco, United States	$2.4B
83	Baseten	Infrastructure	San Francisco, California, United States	$2.2B
84	BigBear.ai	Infrastructure	Columbia, Maryland, United States	$2.2B
85	Synthesia	Products	London, United Kingdom	$2.1B
86	AGIBOT	Infrastructure	Shanghai, China	$2.1B
87	d-Matrix	Infrastructure	Santa Clara, California, United States	$2.0B
88	Factorial	Infrastructure	Barcelona, Spain	$2.0B
89	Miles Wang AI drug discovery startup (unnamed)	Infrastructure	San Francisco, United States	$2.0B
90	PixVerse	Infrastructure	San Francisco, United States	$2.0B
91	Stepfun	Research	Shanghai, China	$2.0B
92	Dremio	Infrastructure	Santa Clara, United States	$2.0B
93	DeepL	Applications	Cologne, Germany	$2.0B
94	Writer	Applications	San Francisco, California, United States	$1.9B
95	C3 AI	Applications	Redwood City, California, United States	$1.9B
96	Tripo AI	Infrastructure	San Francisco, United States	$1.8B
97	Coralogix	Infrastructure	Tel Aviv, Israel	$1.6B
98	Cresta	Applications	San Francisco, California, United States	$1.6B
99	Multiverse Computing	Infrastructure	San Sebastián, Spain	$1.6B
100	TensorWave	Infrastructure	San Francisco, United States	$1.6B

Related Data

Valuations reflect the latest verified figures in our AI-native company database (VC funds and asset managers excluded). Explore the full directory or our companion report on AI deal activity.

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