Private Markets / Emerging Spaces

Emerging Spaces — the Private-Market MapInstitutional

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
$210Bcapital · trailing 90d
242deals · trailing 90d
Foundation Modelstop momentum · 81/100

The interactive map is an Institutional product

Every space momentum-scored from disclosed rounds, daily secondary marks and news heat, with the companies inside each one. Starter and Pro plans score a slice of the map; Institutional scores all of it. The five hottest spaces are open below.

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SurgingHeatingSteadyCoolingcolor = momentum band · size = selected metric

All spaces, ranked by momentum

5 of 27 spaces scored on this view — upgrade to score every space, or sign in if your plan already does.

Surging · 81 Foundation Models 43 companies · $2.2T combined · $157B raised in 90d · 16 deals
Anthropic · OpenAI · Discovery Loop
Heating · 69 Vertical SaaS 34 companies · $82B combined · $1.4B raised in 90d · 8 deals
Notarize · Harvey · Legora
Heating · 68 Semiconductors & Advanced Compute 44 companies · $108B combined · $3.0B raised in 90d · 8 deals
Kunlunxin · Bitmain · Lumilens
Heating · 68 Insurtech 43 companies · $94B combined · $145M raised in 90d · 3 deals
Devoted Health · Polly · Alan
Heating · 68 Banking & Capital-Markets Infra 15 companies · $44B combined · $97M raised in 90d · 1 deals
Clear Street · Fireblocks · Column
🔒 Institutional Wealth & Retail Investing 43 companies · momentum, capital and deal velocity scored on Institutional
Retail brokerages, wealth platforms, and alternative-asset access for individuals.
🔒 Institutional Nuclear & Fusion Energy 17 companies · momentum, capital and deal velocity scored on Institutional
Fission SMRs, fusion programs, and the nuclear supply chain returning to venture scale.
🔒 Institutional AI Infrastructure & Chips 80 companies · momentum, capital and deal velocity scored on Institutional
The compute layer: AI chips, inference platforms, GPU clouds, and model-serving infrastructure.
🔒 Institutional Developer Platforms & DevOps 85 companies · momentum, capital and deal velocity scored on Institutional
Developer tools, API platforms, and the software supply chain.
🔒 Institutional AI Coding & Dev Agents 15 companies · momentum, capital and deal velocity scored on Institutional
Code generation, AI pair programmers, and autonomous software-engineering agents.
🔒 Institutional AI Agents & Copilots 115 companies · momentum, capital and deal velocity scored on Institutional
Autonomous agents, copilots, and the orchestration layers letting software do multi-step work.
🔒 Institutional Digital Health & Care Delivery 99 companies · momentum, capital and deal velocity scored on Institutional
Virtual care, health-system software, and consumer health platforms.
🔒 Institutional Defense Autonomy & Drones 59 companies · momentum, capital and deal velocity scored on Institutional
Autonomous defense systems, drones, counter-UAS, and the software-defined battlefield.
🔒 Institutional Supply Chain & Logistics Tech 71 companies · momentum, capital and deal velocity scored on Institutional
Freight platforms, warehouse systems, and supply-chain intelligence.
🔒 Institutional Humanoid & General Robotics 60 companies · momentum, capital and deal velocity scored on Institutional
Humanoids, warehouse automation, and the embodied-AI platforms behind them.
🔒 Institutional Climate & Industrial Decarbonization 64 companies · momentum, capital and deal velocity scored on Institutional
Carbon removal, clean industrial processes, grid software, and climate adaptation.
🔒 Institutional EV & Battery Technology 26 companies · momentum, capital and deal velocity scored on Institutional
Electric-vehicle platforms, charging infrastructure, and next-generation batteries.
🔒 Institutional Enterprise AI Applications 38 companies · momentum, capital and deal velocity scored on Institutional
Applied AI rebuilding enterprise workflows — search, support, sales, ops, and vertical suites.
🔒 Institutional Cybersecurity 115 companies · momentum, capital and deal velocity scored on Institutional
Cloud, identity, application, and AI-era security platforms.
🔒 Institutional Data Infrastructure 49 companies · momentum, capital and deal velocity scored on Institutional
Databases, lakehouses, streaming, and the data platforms underneath the AI wave.
🔒 Institutional AI Drug Discovery & TechBio 31 companies · momentum, capital and deal velocity scored on Institutional
ML-native drug discovery, protein design, and computational biology platforms.
🔒 Institutional Space Launch & Infrastructure 30 companies · momentum, capital and deal velocity scored on Institutional
Launch vehicles, satellites, earth observation, and in-orbit infrastructure.
🔒 Institutional Stablecoins & Onchain Finance 85 companies · momentum, capital and deal velocity scored on Institutional
Stablecoin rails, tokenization, and the regulated onchain financial stack.
🔒 Institutional Payments Infrastructure 67 companies · momentum, capital and deal velocity scored on Institutional
The rails: acquiring, issuing, cross-border, and embedded payments platforms.
🔒 Institutional Quantum Computing 10 companies · momentum, capital and deal velocity scored on Institutional
Quantum hardware, error correction, and quantum-safe software.
🔒 Institutional PropTech & Real Estate 44 companies · momentum, capital and deal velocity scored on Institutional
Real-estate marketplaces, financing, and built-world software.
🔒 Institutional Creator Economy & Commerce 19 companies · momentum, capital and deal velocity scored on Institutional
Creator monetization, social commerce, and next-gen retail platforms.

Methodology. Emerging Spaces groups the tracked private-company roster into curated thematic spaces — a company joins a space on what it is (its own sector, subsector, tags and tagline, with reviewed exceptions), never on investor names, customers or narrative in its description, and may belong to several — 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.