Private Markets / Emerging Spaces

Emerging Spaces — the Private-Market Map

27 thematic spaces, momentum-scored from disclosed rounds, daily secondary marks, and news heat. Every shape is a real company; every space is sized by real capital. Search anything, switch between map and treemap, click a space to zoom in, click a company to open it.

27spaces
$206Bcapital · trailing 90d
181deals · trailing 90d
Digital Health & Care Deliverytop momentum · 68/100
click a space to explore · click a company to open · esc to zoom out
SurgingHeatingSteadyCoolingcolor = momentum band · size = selected metric

All spaces, ranked by momentum

Heating · 68 Digital Health & Care Delivery 97 companies · $212B combined · $1.9B raised in 90d · 13 deals
Neuralink · Devoted Health · Biosplice Therapeutics
Heating · 68 Cybersecurity 97 companies · $187B combined · $1.6B raised in 90d · 9 deals
NinjaOne · Cyera · Tanium
Heating · 67 Banking & Capital-Markets Infra 22 companies · $83B combined · $397M raised in 90d · 2 deals
Ripple · Clear Street · Fireblocks
Heating · 66 AI Infrastructure & Chips 87 companies · $1.4T combined · $81B raised in 90d · 23 deals
Anthropic · Crusoe Energy Systems · VAST Data
Heating · 66 Nuclear & Fusion Energy 23 companies · $62B combined · $4.8B raised in 90d · 6 deals
Helsing · Helion Energy · Valar Atomics
Heating · 66 Quantum Computing 9 companies · $30B combined · $100M raised in 90d · 1 deals
Quantinuum · PsiQuantum · SandboxAQ
Heating · 65 Wealth & Retail Investing 51 companies · $308B combined · $209M raised in 90d · 3 deals
Public · OpenSea · Kraken
Heating · 61 PropTech & Real Estate 42 companies · $59B combined · $205M raised in 90d · 2 deals
Bilt · QuintoAndar · Boxabl
Heating · 56 Humanoid & General Robotics 68 companies · $169B combined · $5.6B raised in 90d · 8 deals
Figure · Atoms · Skild AI
Steady · 54 Space Launch & Infrastructure 50 companies · $235B combined · $12B raised in 90d · 5 deals
Blue Origin · Vast · Sierra Space
Steady · 50 EV & Battery Technology 34 companies · $64B combined · $1.9B raised in 90d · 3 deals
Base Power · Redwood Materials · HiTHIUM
Steady · 43 AI Agents & Copilots 101 companies · $599B combined · $3.3B raised in 90d · 19 deals
Enter · Public · Reflection AI
Steady · 42 Foundation Models 71 companies · $2.2T combined · $76B raised in 90d · 12 deals
Anthropic · OpenAI · DeepSeek
Steady · 41 Semiconductors & Advanced Compute 43 companies · $99B combined · $1.5B raised in 90d · 5 deals
Bitmain · DeepX · Groq
Cooling · 35 Enterprise AI Applications 32 companies · $94B combined · $1.3B raised in 90d · 7 deals
Sierra · SambaNova · Legora
Cooling · 35 Data Infrastructure 100 companies · $440B combined · $433M raised in 90d · 6 deals
Databricks · VAST Data · ClickHouse
Cooling · 34 Developer Platforms & DevOps 110 companies · $411B combined · $4.3B raised in 90d · 10 deals
DeepSeek · Cognition · Reflection AI
Cooling · 34 Stablecoins & Onchain Finance 48 companies · $168B combined · $355M raised in 90d · 4 deals
KuCoin · Ripple · OpenSea
Cooling · 34 AI Coding & Dev Agents 13 companies · $69B combined · $135M raised in 90d · 2 deals
Cognition · Lovable · Snyk
Cooling · 31 Payments Infrastructure 99 companies · $602B combined · $1.4B raised in 90d · 9 deals
Stripe · Ant Group · Checkout.com
Cooling · 31 Climate & Industrial Decarbonization 50 companies · $112B combined · $638M raised in 90d · 5 deals
Crusoe Energy Systems · Switch · Fervo Energy
Cooling · 30 Insurtech 48 companies · $72B combined · $231M raised in 90d · 3 deals
Devoted Health · Alan · Coalition
Cooling · 28 Defense Autonomy & Drones 100 companies · $498B combined · $5.6B raised in 90d · 11 deals
Enter · Anduril Industries · Vast
Cooling · 26 Vertical SaaS 31 companies · $263B combined · $157M raised in 90d · 3 deals
Enter · Harvey · Legora
Cooling · 24 Creator Economy & Commerce 28 companies · $147B combined · $0 raised in 90d · 0 deals
Xiaohongshu · Epic Games · Whatnot
Cooling · 23 AI Drug Discovery & TechBio 51 companies · $80B combined · $694M raised in 90d · 5 deals
Biosplice Therapeutics · Isomorphic Labs · Lila Sciences
Cooling · 19 Supply Chain & Logistics Tech 91 companies · $237B combined · $242M raised in 90d · 5 deals
Shein · Figure · Vinted

Methodology. Emerging Spaces groups the tracked private-company roster into curated thematic spaces and scores each space's momentum 0–100 from four disclosed-data components: trailing-90-day capital vs the prior 90 days (40%), deal-count acceleration on the same windows (25%), news activity per tracked company over 30 days (20%), and the median secondary-market premium to last round across the space's marked names (15%). Components that cannot be computed are dropped and the weights renormalize — the basis is disclosed per space. Quarterly trends derive from dated, disclosed rounds; undisclosed amounts count as zero capital. An attention map of disclosed activity — not a prediction, not investment advice.