Ranked by total raised · 25 of 46 on the roster · Updated Oct 16, 2026
Together these 25 have raised $368.6B. OpenAI leads with $162.3B, followed by Anthropic ($121.4B) and xAI ($32B).
Builds frontier large language models including GPT and Codex that power the majority of AI coding tools via API, plus first-party products like ChatGPT and Codex CLI.
Creates Claude — the frontier LLM family that powers Claude Code, the terminal-based coding agent that became the breakout developer tool of 2025.
xAI is Elon Musk's frontier AI lab, building the Grok family of large language models and the Colossus supercomputer.
Releases the open-weight Llama model family including Code Llama, which enables on-premise and self-hosted AI coding tools for enterprises with data-residency requirements.
DeepSeek builds open-weight AI models and reasoning systems for code generation and general language tasks, distributed globally without proprietary restrictions.
Moonshot AI is a Beijing foundation-model lab behind the Kimi chatbot and the open-weight Kimi K2 model family.
Mistral AI develops open-weight foundation models and conversational AI applications for enterprise reasoning, code generation, and sovereign AI deployment across multiple languages.
Safe Superintelligence (SSI) is a research lab founded by Ilya Sutskever building safe superintelligence as its sole product.
Reflection AI is a frontier lab founded by ex-DeepMind researchers building open large language models and autonomous coding agents.
Thinking Machines Lab is an AI research startup founded by former OpenAI CTO Mira Murati building frontier models and customization tools.
Creator of Devin, the first autonomous AI software engineer that can plan, write, test, and deploy complete software projects from natural-language specifications.
Sierra builds conversational AI agents for enterprise customer-experience workflows, replacing tier-1 support teams.
World Labs builds large world models that generate and reason about 3D spatial environments.
Cohere builds enterprise large language models and AI agents focused on regulated industries and sovereign deployments.
AMI Labs is Yann LeCun's world-model lab building JEPA-based systems that learn from real-world sensor data rather than language alone.
Harvey builds domain-specific AI agents for law firms and corporate legal and professional-services teams.
Hark builds multimodal AI models and AI-native hardware devices designed to be a universal interface between humans and machines.
Perplexity is an AI answer engine that delivers cited, conversational answers and is expanding into an agentic browser, Comet.
StepFun is a Shanghai multimodal foundation-model lab founded by ex-Microsoft executive Jiang Daxin, behind the Step model family.
Baichuan Intelligence is a Beijing large-model startup founded by ex-Sogou CEO Wang Xiaochuan, building the open Baichuan model series.
Legora builds a collaborative AI platform that automates research, drafting, and review work for lawyers.
AI lab building foundation models purpose-trained for software engineering, with a model architecture designed specifically for code generation and understanding rather than general-purpose conversation.
MiniMax is a Shanghai-based foundation-model lab behind the ABAB language models and the Hailuo video and audio generators.
Manus is a Singapore-headquartered developer of a general-purpose autonomous AI agent that executes multi-step tasks such as web browsing, code writing, and data analysis from natural-language instructions. It is offered as a subscription service.
Zhipu AI is a Tsinghua-incubated Chinese large-model developer behind the GLM family and the Z.ai platform.