Highest AI Company Valuations
The ten most valuable private or recently listed AI companies, by latest reported valuation. Every figure carries its confidence tier — most valuations are Reported, set by the last priced round or a credible market report rather than a public tape. Figures are re-checked whenever a new round reprices a company.
| # | Company | Value | Date | Tier |
|---|---|---|---|---|
| 1 | Anthropic Series H priced just under a trillion dollars. | $965B | 2026-05-28 | Reported |
| 2 | OpenAI Record $122B round set the print. | $852B | 2026-03-31 | Reported |
| 3 | xAI Final private print before the SpaceX acquisition reset it to $250B. | $230B | 2026-01-06 | Reported |
| 4 | Databricks $5B round, company-announced. | $134B | 2026-08-13 | Disclosed |
| 5 | Waymo $16B round, Alphabet subsidiary. | $126B | 2026-02-02 | Disclosed |
| 6 | Cognition Series E for the Devin maker. | $48B | 2026-09-08 | Disclosed |
| 7 | Figure AI Humanoid robotics, $1B round. | $39B | 2025-09-16 | Disclosed |
| 8 | Moonshot AI $3.5B round at a reported print. | $35B | 2026-07-29 | Reported |
| 9 | Safe Superintelligence Nvidia-led $5B round, no product shipped. | $32B | 2026-07-27 | Reported |
| 10 | Cerebras AI silicon, $1B round. | $23B | 2026-02-03 | Disclosed |
Valuations move with every priced round; an acquisition resets the number entirely (see the Acquisitions board). xAI's figure reflects its final private round before the SpaceX acquisition.
More boards
Biggest AI Acquisitions & Control Deals
#1 · xAI ($250B)
AI Revenue (ARR) Leaders
#1 · Anthropic ($65B)
Largest AI Funding Rounds
#1 · OpenAI ($122B)
The full capital picture lives on the Funding Leaderboard.
Frequently asked questions
Why is Anthropic valued higher than OpenAI here when OpenAI has raised more?
Valuation tracks the last priced round, not cumulative capital. Anthropic's Series H in May 2026 priced it just under a trillion dollars, six weeks after OpenAI's record $122B round printed at $852 billion. More money raised does not mean a higher mark — OpenAI simply priced first and Anthropic's round came later in a hotter tape.
What does xAI's $230B figure mean now that SpaceX has acquired it?
The $230 billion is xAI's final private print from January 2026. The SpaceX acquisition a month later was struck at $250 billion all-stock, so the private-market number is now historical — it survives on this board as the last independent mark before the merger reset it.
Are these valuations comparable to public market caps?
Loosely at best. A private valuation is set by one negotiated round, usually preferred stock with liquidation preferences, and covers only the fraction of shares sold. Zhipu's ~$92 billion Hong Kong market cap, for instance, is a live public price, while Anthropic's $965 billion is a negotiated print — treat cross-comparisons as directional, not exact.
Why do some rows say Disclosed and others Reported?
Disclosed means the company itself announced the valuation in a funding announcement. Reported means a credible publication such as Bloomberg or Reuters stated the figure without company confirmation. The tier appears because private valuations are claims, and the strength of evidence behind them differs.
Which company on this board moved fastest?
Anthropic. Its valuation climbed roughly fifteen-fold in fifteen months, from the $61.5 billion range in early 2025 to the Series H near a trillion — the steepest re-rating of any company on the board, priced across six rounds including two Amazon-linked strategic tranches.