Humanoids, warehouse automation, and the embodied-AI platforms behind them.
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 | Figure | $40B as of 2025-Q3 | no mark | 2025-09-01 |
| 2 | Atoms | $15B as of 2021-Q4 | no mark | 2026-07-22 |
| 3 | Skild AI | $14B as of 2026-Q1 | -2.3% | 2026-01-13 |
| 4 | Physical Intelligence | $11B as of 2026-Q2 | +31.1% | 2026-03-30 |
| 5 | 1X Technologies | $10B as of 2025-Q4 | no mark | 2025-Q4 |
| 6 | Wayve | $8.5B as of 2026-07 | -65.9% | 2026-07-01 |
| 7 | Hadrian | $7.9B as of 2026-Q3 | +45.2% | 2026-08-06 |
| 8 | Zipline | $6.9B as of 2026-Q1 | no mark | 2026-03-22 |
| 9 | Hark | $6.0B as of 2026-05 | -28.8% | 2026-05-01 |
| 10 | Apptronik | $5.0B as of 2026-Q1 | +16.4% | 2026-02-11 |
| 11 | Nuro | $3.8B as of 2025-Q3 | -59.4% | 2025-08-20 |
| 12 | Agility Robotics | $3.0B as of 2026-07 | +96.7% | 2025-06-24 |
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.