Private company valuations

post-money Series H (company-announced) · Series H ($65B) · 2026-05 · company announcement (Anthropic)

Claude developer; $65B Series H at $965B post-money co-led by Altimeter, Dragoneer, Greenoaks and Sequoia — the largest disclosed private-company valuation; press (TechCrunch/CNBC, 2026-05-28) frames it as a possible final round before an IPO. On 2026-06-01 Anthropic announced a confidential draft S-1 submission to the SEC (no public S-1 on EDGAR yet).

post-money close of the $122B primary round (Bloomberg/CNBC; company announced the raise) · Funding round ($122B) · 2026-03 · CNBC

ChatGPT maker; closed a record $122B round at $852B post-money (SoftBank co-led; Amazon invested $50B — $35B contingent on IPO/AGI milestones — Nvidia and SoftBank $30B each); Reuters reports IPO preparation as soon as H2 2026. OpenAI announced on 2026-06-08 that it confidentially submitted a draft S-1 to the SEC (no public S-1 on EDGAR; share count, price range and timing undetermined).

company-set employee share-buyback price ($200.41/share) — internal valuation, not an external round · Employee share buyback · 2025-08 · Reuters (exclusive, via Yahoo Finance)

TikTok parent; set its employee buyback at $200.41/share, implying >$330B (Reuters, Aug 2025) — a company-set internal price funded from its own balance sheet, not an external round; later, higher marks — a ~$480B secondary block trade reported Nov 2025 and a stake sale marketed at ~$550B in Feb 2026 — are third-party secondary prices, not company-disclosed valuations.

Series E close; ~$230B is press-reported (CNBC) — company release did not state a figure · Series E ($20B) · 2026-01 · CNBC

Elon Musk's AI company (merged with X); closed a $20B Series E on 2026-01-06 with Nvidia and Cisco Investments among backers, at a reported ~$230B valuation.

tender-offer price for current/former-employee shares (company-run liquidity event, not a primary round) · Tender offer · 2026-02 · CNBC

Payments infrastructure; Feb 2026 tender offer valued it at $159B, up 74% from the $91.5B tender a year earlier (buyers include Thrive, Coatue, a16z plus company cash); 2025 payment volume was $1.9T.

company-stated Series L valuation (~$5B equity completed Feb 2026, plus ~$2B debt capacity) · Series L · 2026-02 · CNBC

Data + AI platform; completed ~$5B Series L equity at a $134B valuation (Feb 2026) with ~$2B additional debt; $5.4B revenue run-rate growing >65% YoY. June 2026 reports of talks at $165–175B are not a closed round.

company-stated post-money of the $16B external round (Alphabet subsidiary; Alphabet anchored ~$13B and remains majority owner) · Growth round ($16B) · 2026-02 · company announcement (Waymo)

Robotaxi operator and Alphabet SUBSIDIARY that raises external rounds (Alphabet remains majority owner); its own post states a $16B round 'valuing the company at $126 billion post-money' (Dragoneer, DST and Sequoia led); ~400k paid rides/week.

company-announced secondary share sale (employees/early investors selling to institutions), completed Nov 2025 · Secondary share sale · 2025-11 · company announcement (Revolut)

UK digital bank (65M+ retail customers); completed a secondary share sale establishing a $75B valuation (up from $45B in 2024), with Coatue, Greenoaks, Dragoneer, a16z and Nvidia's venture arm buying; FT-reported IPO ambitions at $150–200B (Apr 2026).

Series H at $61B (TechCrunch; treated as post-money per coverage) · Series H ($5B) · 2026-05 · TechCrunch

Defense technology (autonomous systems, Lattice OS); $5B Series H at $61B led by returning investors Thrive Capital and a16z — double its $30.5B Series G of June 2025; 2025 revenue doubled to ~$2.2B.

agreed all-stock acquisition price by SpaceX (announced 2026-06-16, expected close ~Q3 2026) — a deal price, not a funding round · M&A — SpaceX acquisition (all-stock) · 2026-06 · CNBC

Maker of the AI coding tool Cursor (~$4B annualized revenue by mid-2026); SpaceX agreed to acquire it for $60B in stock days after SpaceX's IPO — pending close, after which it leaves this list; its last funding round was a $29.3B Series D (Nov 2025).

employee share-sale (secondary) price of $1,646.14/share · Employee share sale · 2025-08 · Bloomberg

Design software (~$3.5B annualized revenue, profitable); Aug 2025 employee share sale priced at $1,646.14/share for a $42B valuation (up from $32B in 2024); redomiciled to the U.S. in 2026 amid widely reported IPO preparation.

company-announced post-money Series C · Series C (>$1B) · 2025-09 · company announcement (Figure)

Humanoid-robot developer; raised >$1B Series C at $39B post-money led by Parkway Venture Capital (Brookfield, Nvidia, Intel Capital among participants) — 15x its Feb 2024 valuation; no newer disclosed round as of Jul 2026.

press-reported round price (FT: ~$2B raised, Greenoaks-led); never company-confirmed · Venture round (reported ~$2B) · 2025-04 · TechCrunch (citing the Financial Times)

Ilya Sutskever's research-only AI lab (no product, no revenue); FT reported a ~$2B raise at a $32B valuation led by Greenoaks in April 2025 — the company itself never announces or confirms funding.

implied by Meta's $14.3B purchase of a 49% non-voting stake (June 2025) — a strategic deal, not a standard round · Strategic investment (Meta, 49% non-voting) · 2025-06 · TechCrunch

AI data-labeling/evaluation firm; Meta's $14.3B purchase of a 49% non-voting stake implied $29B and founder Alexandr Wang left to lead Meta's AI effort; reports since say several big AI-lab customers cut work and secondary marks printed below the deal price — treat as dated.

post-money implied by Disney's $1.5B strategic investment · Strategic investment (Disney) · 2024-02 · The Information

Fortnite and Unreal Engine maker; Disney's $1.5B stake (Feb 2024) implied $22.5B — down from $31.5B in its April 2022 round; no newer disclosed valuation, making this the oldest number on this list.

press-reported post-money ($200M raise; The Information via Reuters) — not company-confirmed · Late-stage round (reported $200M) · 2025-09 · Reuters (citing The Information)

AI answer/search engine; The Information reported (2025-09-10) $200M in new commitments at a $20B valuation — Perplexity did not confirm; ARR was reported around $150-200M in late 2025, a steep revenue multiple.

company-announced post-money Series C of €11.7B (≈$13.8B at announcement) · Series C (€1.7B) · 2025-09 · company announcement (Mistral AI)

French frontier-model lab; €1.7B Series C at €11.7B post-money (≈$13.8B) led by ASML, which took ~11% — Europe's most valuable AI startup; 2026 reports of a new round near €20B remain talks, not a closed deal.

Series E close; ~$9B is press-reported (company release states no figure; some outlets cite it as pre-money) · Series E ($650M) · 2025-06 · company announcement (Neuralink); valuation per press reports

Elon Musk's brain-computer-interface company; announced a $650M Series E (ARK, Sequoia, Founders Fund, Lightspeed, Thrive) with implants active in human patients; the ~$9B valuation is press-reported — the company's own release gives no figure.