Applied AI rebuilding enterprise workflows — search, support, sales, ops, and vertical suites.
Components that cannot be computed are dropped and the weights renormalize — never faked to neutral.
Undisclosed amounts count as zero capital; deals still count.
| # | Company | Valuation | Secondary vs Round | Last Round |
|---|---|---|---|---|
| 1 | Sierra | $15B as of 2026-Q2 | -19.9% | 2026-05-12 |
| 2 | SambaNova | $11B as of 2026-Q3 | at round · 2mo | 2026-07-08 |
| 3 | Legora | $10B as of 2026-08 | at round · 5mo | 2026-03-24 |
| 4 | Lambda | $9.4B as of 2025-Q4 | +26.1% | 2025-11-17 |
| 5 | Glean | $7.2B as of 2025-Q2 | -7.2% | 2025-06-09 |
| 6 | Cohere | $6.8B as of 2025-Q3 | at round · 2.1y | 2024-07-22 |
| 7 | DataRobot | $6.3B as of 2025-Q1 | at round · 5.1y | 2021-07-27 |
| 8 | Synthesia | $4.0B as of 2026-01 | at round · 8mo | 2026-01-01 |
| 9 | Dataiku | $3.7B as of 2024-Q1 | at round · 3.8y | 2022-12-01 |
| 10 | Groq | $3.5B as of 2026-08 | +9.0% | 2025-09-16 |
| 11 | Invisible Technologies | $2.0B as of 2025-Q4 | at round · 11mo | 2025-10-13 |
| 12 | Writer | $1.9B as of 2024-Q4 | -34.2% | 2024-11-21 |
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.