| 01 | OpenAI | AI research company building artificial general intelligence, creator of ChatGPT, GPT-4, DALL-E, and the OpenAI API platform. | San Francisco, US | Private | $167.9B |
| 02 | Databricks | Data and AI company that provides a unified analytics platform built on Apache Spark, enabling data engineering, data science, and machine learning at scale. | San Francisco, US | Private | $20.0B |
| 03 | DayOne | DayOne is a hyperscale data center platform providing AI-optimized digital infrastructure across Asia-Pacific and Europe, spun out from GDS Holdings. | Singapore, SG | Private | $6.9B |
| 04 | Nscale | Builds sustainable AI-ready data centers, deploys massive-scale GPU infrastructure, and delivers high-performance cloud services for enterprise AI training, fine-tuning, and inference at scale. | London, United Kingdom | Private | $4.5B |
| 05 | CoreWeave | Specialized cloud infrastructure provider purpose-built for GPU-accelerated workloads. Operates large-scale data centers optimized for AI model training and inference, serving as a key compute partner for frontier AI labs. | Livingston, US | Public | $4.0B |
| 06 | Mistral AI | French artificial intelligence company that develops open-weight and proprietary large language models, offering frontier AI through its platform La Plateforme and chatbot Le Chat. | Paris, FR | Private | $3.9B |
| 07 | Nebius Group | AI cloud infrastructure company that builds full-stack infrastructure for AI, including large-scale GPU clusters, cloud platforms, and developer tools for AI builders. Formerly Yandex N.V., rebranded in 2024 after divesting Russian operations. | Amsterdam, Netherlands | Public | $3.7B |
| 08 | Groq | Designer of the Language Processing Unit (LPU), a custom AI inference chip built for speed and efficiency that takes a fundamentally different approach from GPUs, serving developers and Fortune 500 companies through its GroqCloud service | Mountain View, United States | Acquired | $3.3B |
| 09 | Crusoe | Vertically integrated AI infrastructure company that builds and operates data centers powered by stranded and wasted energy sources, offering cloud computing services purpose-built for AI workloads. | Denver, United States | Private | $2.5B |
| 10 | Lambda | Provides GPU cloud computing infrastructure for AI training and inference, offering on-demand access to NVIDIA GPU clusters used by enterprises, research labs, and AI startups to build and deploy deep learning models. | San Francisco, United States | Private | $2.4B |
| 11 | Cohere | Enterprise AI company building large language models and NLP tools for businesses, co-founded by a co-author of the seminal Attention Is All You Need transformer paper, with a focus on security-first generative AI for enterprise and government customers | Toronto, Canada | Private | $2.0B |
| 12 | VAST Data | AI-powered data platform that unifies storage, database, and compute infrastructure for enterprise and AI workloads at scale, reaching $2B ARR and serving as critical data infrastructure for hyperscale AI training. | New York, United States | Private | $2.0B |
| 13 | Wiz | Cloud security company that provides a unified platform for cloud-native application protection, enabling organizations to rapidly identify and remediate critical risks across their cloud environments. | New York, US | Acquired | $1.9B |
| 14 | Lacework | Lacework was a cloud security company that provided a cloud-native application protection platform (CNAPP) using machine learning and behavioral analytics to detect threats, misconfigurations, and vulnerabilities across cloud environments. The platform offered automated security monitoring for AWS, Azure, Google Cloud, and Kubernetes workloads. | Mountain View, United States | Acquired | $1.9B |
| 15 | Zhipu AI | Beijing-based foundation model lab. Trains ChatGLM (open) and GLM-5 (closed) frontier foundation models. Largest China closed-source lab by API volume, powering Wanzhi consumer app and enterprise deployments at 4,000+ Chinese customers. Filed for Hong Kong IPO Q3 2026. Founded 2019 spun out of Tsinghua University. | Beijing, China | Private | $1.7B |
| 16 | SambaNova Systems | Palo Alto-based AI systems company. Builds SN40L reconfigurable dataflow architecture chips for AI training and inference, sold as full-stack DataScale hardware appliances. Runs SambaNova Cloud inference API. Customers include Saudi Aramco, US Department of Energy, and Analog Devices. Founded 2017 by Stanford professors. | Palo Alto, United States | Private | $1.7B |
| 17 | Snowflake | Cloud-based data warehousing company providing a platform for data storage, processing, and analytics that runs on AWS, Azure, and Google Cloud, enabling organizations to consolidate data into a single source of truth. | Bozeman, US | Public | $1.6B |
| 18 | Firmus Technologies | Australian AI data center builder backed by Nvidia. Project Southgate aims to build multiple AI-focused data centers across Australia in collaboration with Nvidia and CDC Data Centres. Preparing for ASX IPO later in 2026. | Melbourne, Australia | Private | $1.4B |
| 19 | Neysa | Indian AI acceleration cloud platform that designs and develops AI systems deployed within India. Builds high-performance GPU-based cloud infrastructure enabling enterprises, AI labs, and government bodies to train, fine-tune, and deploy large AI models at scale. Plans to deploy over 20,000 GPUs in India through its flagship Neysa Velocis platform. | Mumbai, IN | Private | $1.3B |
| 20 | Armis | Cyber exposure management and security platform that provides agentless visibility and protection for managed, unmanaged, and IoT devices across enterprise environments, covering IT, OT, IoMT, and cloud assets | San Francisco, United States | Acquired | $1.2B |
| 21 | Vercel | Frontend cloud platform and creator of Next.js, the popular React framework. Provides developers with tools for building, deploying, and scaling web applications with instant global delivery, serverless functions, and edge computing infrastructure. | San Francisco, US | Private | $1.2B |
| 22 | Bird | Cloud communications and CRM platform enabling businesses to engage customers across SMS, email, WhatsApp, and other channels via APIs. Originally known as MessageBird, rebranded to Bird in February 2024. Serves 15,000+ customers across 170+ countries with AI-powered marketing, sales, and payment tools. | Amsterdam, NL | Private | $1.1B |
| 23 | ClickHouse | Open-source columnar database management system designed for real-time analytics and AI workloads. Originally developed at Yandex and open-sourced in 2016, it became an independent company in 2021. | San Francisco, US | Private | $1.1B |
| 24 | Together AI | AI cloud infrastructure company that builds and operates a platform for running, training, and fine-tuning open-source AI models, enabling organizations to incorporate generative AI into production applications | San Francisco, United States | Private | $1.0B |
| 25 | Yondr Group | London-based hyperscale data center developer building campuses across Europe, North America, and Africa for cloud and AI workloads. 1.4 GW of capacity under construction across Lagos, Johannesburg, Frankfurt, and Phoenix. Founded 2018. | London, United Kingdom | Private | $1.0B |
| 26 | Supabase | Open-source alternative to Firebase built on Postgres, providing developers with a backend platform including database, authentication, real-time subscriptions, storage, and edge functions | Singapore, Singapore | Private | $996M |
| 27 | DriveNets | Ra'anana, Israel-based open Ethernet fabric (DDC / Network Cloud) for large-scale AI back-end networks. Competes with Nvidia and Cisco for the AI scheduler fabric slot. Cash-flow positive since 2025. Founded 2015 by Cisco and Intucell alumni. | Ra'anana, Israel | Private | $990M |
| 28 | Chainguard | Software supply chain security company that provides hardened container images with zero known vulnerabilities, offering a catalog of over 1,300 continuously updated, fully signed images with software bills of materials (SBOMs) for enterprises | Kirkland, United States | Private | $892M |
| 29 | Replit | AI-powered cloud development platform that enables anyone to build software in a browser, known for popularizing vibe coding with its Replit Agent and serving 40M+ users on track for $1B ARR. | San Francisco, United States | Private | $852M |
| 30 | Cohesity | Enterprise data security and management platform that provides backup, recovery, and data protection across hybrid cloud environments. Merged with Veritas' data protection business in 2024 to become the world's largest data protection software provider. | San Jose, United States | Private | $810M |
| 31 | Grafana Labs | Open-source observability platform providing visualization, monitoring, and analytics tools for metrics, logs, and traces, building and maintaining the widely used Grafana dashboard and a composable observability stack | New York, United States | Private | $804M |
| 32 | SiFive | RISC-V processor IP company providing chip blueprints to data center customers including Google. Open chip standard alternative to Arm Holdings. Building CPU designs for AI data centers as Arm shifts from pure IP licensor to direct chip maker, opening competitive ground for SiFive in the high-performance computing market. | Santa Clara, United States | Private | $775M |
| 33 | Fivetran | Automated data movement platform that reliably moves data from 700+ sources including SaaS applications, databases, and files to data warehouses, data lakes, and other destinations. | Oakland, US | Private | $725M |
| 34 | Cribl | Data engine for IT and security teams that provides an observability pipeline platform, enabling enterprises to route, reduce, enrich, and transform streaming data from any source to any destination in real time | San Francisco, United States | Private | $715M |
| 35 | Cockroach Labs | Developer of CockroachDB, a cloud-native distributed SQL database designed for global, scalable, and resilient applications that survive disasters and maintain consistency across multiple regions | New York, United States | Private | $633M |
| 36 | Fireworks AI | Generative AI inference platform that enables developers to build, tune, and deploy AI models on open-source foundations with production-ready speed and scale. Founded by former Meta PyTorch team leaders. Processes inference across a globally distributed cloud infrastructure. | Redwood City, United States | Private | $627M |
| 37 | Nexthop AI | AI networking infrastructure company building custom switching platforms and disaggregated spine architectures optimized for AI data centers, serving hyperscale cloud providers with high-performance GPU-to-GPU interconnect solutions. | Santa Clara, United States | Private | $610M |
| 38 | Dropbox | Cloud storage and file synchronization platform that lets users store, share, and collaborate on files across devices. | San Francisco, US | Public | $607M |
| 39 | Quantinuum | Honeywell's quantum computing subsidiary, formed in 2021 from the merger of Honeywell Quantum Solutions and UK-based Cambridge Quantum. Trapped-ion quantum hardware plus quantum software. Listed on Nasdaq June 4, 2026 (ticker QNT) in an upsized $1.68B IPO at $60/share, $15.7B market cap. | Broomfield, USA | Public | $600M |
| 40 | Illumio | Illumio is a cybersecurity company that provides zero trust segmentation solutions to prevent breaches from spreading across data centers, cloud environments, and endpoints. The platform uses real-time visibility and automated policy enforcement to contain attacks, serving more than 20% of the Fortune 100. | Sunnyvale, United States | Private | $558M |
| 41 | Rubrik | Rubrik is a cybersecurity company that provides cloud data management and data security solutions, helping enterprises protect, monitor, and recover their data across cloud, edge, and on-premises environments from cyberattacks including ransomware. | Palo Alto, United States | Public | $553M |
| 42 | Box | Box is a cloud content management and file sharing platform for businesses. The company helps organizations securely manage, share, and collaborate on content across their enterprise, serving over 100,000 businesses worldwide. | Redwood City, United States | Public | $552M |
| 43 | Alchemy | Alchemy is a blockchain infrastructure and developer platform often described as the 'AWS of blockchain.' The company provides APIs, node infrastructure, and developer tools that power the majority of top Web3 applications, including OpenSea, MetaMask, and Robinhood. Alchemy handles over $100B in annualized on-chain transactions and serves developers across 197 countries. | San Francisco, United States | Private | $545M |
| 44 | Oxford Quantum Circuits | Reading, UK-based superconducting quantum computing systems company, spun out of Oxford University in 2017. The June 2026 Series C was the largest private quantum funding round in European history. Operating CEO Gerald Mullally replaced founder Ilana Wisby in May 2024. | Reading, United Kingdom | Private | $496M |
| 45 | Freshworks | Freshworks is a SaaS company that provides cloud-based customer engagement software, including helpdesk (Freshdesk), CRM (Freshsales), IT service management (Freshservice), and HR management solutions. Originally founded as Freshdesk in Chennai, India. | San Mateo, United States | Public | $493M |
| 46 | TensorWave | Las Vegas-based all-AMD AI cloud specializing in high-performance, memory-intensive workloads. Deploys next-gen AMD Instinct MI355X GPU clusters for LLM training and high-throughput inference; also building custom TE1 accelerator. Revenue run-rate over $100M (20x YoY). Founded 2023. | Las Vegas, USA | Private | $493M |
| 47 | Everpure | Everpure (formerly Pure Storage) is a publicly traded enterprise data storage and data management platform company (NYSE: PSTG). Originally pioneering all-flash storage arrays, the company rebranded in February 2026 to reflect its evolution into a full data management platform for the AI era. Everpure provides unified data storage, protection, and management solutions to enterprises globally. | Santa Clara, US | Public | $470M |
| 48 | Modal Labs | AI-native cloud compute and serverless container platform. Elastic inference, dynamic agent runtimes, reinforcement learning training loops, and parallel sandbox infrastructure. $300M+ ARR with 5x growth since September 2025. NYC HQ with offices in San Francisco and Stockholm. | New York, United States | Private | $458M |
| 49 | Confluent | Enterprise data streaming platform built on Apache Kafka. Founded by the creators of Kafka at LinkedIn, Confluent provides the infrastructure for real-time data pipelines and event-driven architectures. | Mountain View, United States | Acquired | $456M |
| 50 | dbt Labs | dbt Labs is the company behind dbt (data build tool), an open-source analytics engineering framework that enables data teams to transform data in their warehouses using SQL. Originally founded as Fishtown Analytics, the company signed a definitive agreement to merge with Fivetran in October 2025 in an all-stock deal, creating a combined data infrastructure company approaching $600M in ARR. | Philadelphia, United States | Private | $416M |
| 51 | Starburst | Starburst is the commercial company behind Trino (formerly PrestoSQL), the open-source distributed SQL query engine. The platform provides a data lakehouse analytics layer that lets enterprises query data across any source without requiring data movement or migration. | Boston, United States | Private | $414M |
| 52 | Benchling | Benchling is a cloud-based life sciences R&D platform that helps biotech and pharmaceutical companies manage experiments, track data, and accelerate research and development. The platform replaces physical lab notebooks and spreadsheets with collaborative, AI-ready digital tools used by over 1,200 customers worldwide. | San Francisco, US | Private | $412M |
| 53 | Coreweave (India) | Bengaluru-based sovereign India-focused AI compute cloud building 400MW of capacity across Mumbai, Chennai, and Hyderabad for enterprise Indian AI workloads. Independent local venture (not affiliated with US-listed CoreWeave). Founded 2024. | Bengaluru, India | Private | $400M |
| 54 | Hugging Face | Open-source platform and community for machine learning, providing tools, pre-trained models, and datasets that enable developers and researchers to build, train, and deploy AI models, often called the GitHub of machine learning | New York, United States | Private | $395M |
| 55 | Coralogix | Boston and Ramat Gan-based AI-native observability platform for AI agents. 5,000+ customers including IBM, Tradeweb, and JFrog. 60%+ revenue growth and roughly 30 accounts above $1M. Founded 2014. | Boston, USA | Private | $395M |
| 56 | Krutrim | Bengaluru-based Indian AI foundation model lab founded by Ola founder Bhavish Aggarwal. Trains Krutrim-2 multilingual (10 Indian languages) foundation models. Runs Krutrim Cloud AI infrastructure with in-house AI chip (Bodhi 1) development. Consumer chatbot 5M+ users. Founded 2023. | Bengaluru, India | Private | $380M |
| 57 | HashiCorp | Developer of open-source infrastructure automation tools including Terraform, Vault, Consul, and Nomad. Acquired by IBM for $6.4 billion in 2025. | San Francisco, United States | Acquired | $349M |
| 58 | Kong | Kong is the company behind the most widely adopted open-source API gateway and service connectivity platform. Originally founded as Mashape (an API marketplace), the company pivoted to focus on its open-source Kong Gateway and rebranded in 2017. Kong Konnect enables enterprises to manage, secure, and observe APIs across hybrid and multi-cloud environments. | San Francisco, United States | Private | $344M |
| 59 | Frore Systems | Deep tech startup developing advanced solid-state and liquid cooling technology for AI chips and data centers, enabling higher performance and density in computing infrastructure. | San Jose, United States | Private | $340M |
| 60 | Fal | Fal is a generative media infrastructure company providing serverless GPU compute and AI model deployment for developers. The platform offers API access to over 600 AI models for generating images, video, audio, and 3D content, serving over 2 million developers and enterprise customers including Adobe, Canva, and Shopify. | San Francisco, United States | Private | $337M |
| 61 | Cowboy Space | Bay Area vertically integrated orbital data center company (formerly Aetherflux). Builds a constellation of solar-powered LEO satellites that double as AI compute nodes, launched on a purpose-built in-house rocket whose second stage IS the data center. Founded by Robinhood co-founder Baiju Bhatt. | San Carlos, United States | Private | $335M |
| 62 | Armada | Kirkland, Washington modular AI data center builder producing megawatt-scale deployable Leviathan units for remote sites including energy, defense, and edge applications. Galleon Forge One factory in Arizona partnership with Johnson Controls. Raised $230M Series B at a $2B valuation in May 2026. | Kirkland, United States | Private | $325M |
| 63 | Nutanix | Enterprise cloud computing company that provides hyperconverged infrastructure software, combining storage, computing, and virtualization in a single platform. Pioneered the concept of invisible infrastructure, simplifying datacenter operations for enterprises worldwide. | San Jose, United States | Public | $313M |
| 64 | Actifio | Actifio pioneered copy data virtualization, reducing unnecessary duplication of enterprise data for backup, disaster recovery, and DevOps. The company's software enabled businesses to manage virtual copies of data across on-premises and cloud environments, serving over 3,700 customers before being acquired by Google in December 2020. | Waltham, Massachusetts, United States | Acquired | $312M |
| 65 | MongoDB | Provides a developer data platform built around its flagship document-oriented NoSQL database, offering cloud database services (MongoDB Atlas), enterprise server, and related tools for building modern applications at scale. | New York, United States | Public | $311M |
| 66 | Sable Compute AI | SF-based AI infrastructure startup building distributed training platform for enterprise LLM teams. | San Francisco, United States | Private | $308M |
| 67 | Zephyr Compute | SF-based AI infra startup building GPU inference optimization platform for consumer AI apps. | San Francisco, United States | Private | $304M |
| 68 | Willow Compute AI | SF-based AI infra startup building AI orchestration platform for multi-cluster training workloads. | San Francisco, United States | Private | $291M |
| 69 | Versa Networks | Leader in single-vendor Secure Access Service Edge (SASE), delivering integrated networking, security, and cloud services through a unified software platform. Products include SD-WAN, SSE, zero-trust network access, and secure branch networking for enterprises and service providers. | Santa Clara, United States | Private | $283M |
| 70 | Chronosphere | Cloud-native observability platform providing monitoring, alerting, and analytics for microservices architectures. Helps engineering teams manage the complexity of distributed systems at scale. | New York, United States | Acquired | $277M |
| 71 | Tailscale | Software-defined mesh VPN based on WireGuard that enables teams to securely connect devices and services with zero-configuration networking and zero-trust access controls. Developer-focused networking tool that replaces traditional corporate VPNs. | Toronto, Canada | Private | $275M |
| 72 | Larkspur Cloud | SF-based cloud infrastructure startup building serverless GPU platform for AI workloads. Live with 1200 developer customers. | San Francisco, United States | Private | $268M |
| 73 | Anyscale | Anyscale is the company behind Ray, the open-source distributed computing framework originally developed at UC Berkeley. The platform enables developers to scale Python and AI workloads from a laptop to a cluster with minimal code changes, providing managed cloud infrastructure for training, serving, and scaling AI applications. | San Francisco, United States | Private | $260M |
| 74 | MuleSoft | MuleSoft is an integration platform provider that helps organizations connect applications, data, and devices across on-premises and cloud environments. Built on the open-source Mule ESB project, MuleSoft's Anypoint Platform became the leading integration platform as a service (iPaaS), serving hundreds of enterprise customers worldwide before being acquired by Salesforce for $6.5 billion in 2018. | San Francisco, United States | Acquired | $259M |
| 75 | Render | Modern cloud platform that makes it easy for developers to deploy and scale web applications, APIs, databases, and static sites without managing infrastructure or DevOps. Positioned as a Heroku alternative with 4.5M+ developers on the platform. | San Francisco, United States | Private | $257M |
| 76 | Weights & Biases | AI developer platform providing tools for machine learning experiment tracking, model fine-tuning, dataset versioning, and LLM evaluation. Used by teams at OpenAI, NVIDIA, and other leading AI organizations. Acquired by CoreWeave in 2025 for $1.7B. | San Francisco, United States | Acquired | $250M |
| 77 | IQM Quantum Computers | Finnish quantum computing hardware company building full-stack superconducting quantum computers for on-premises deployment. Has sold 21 quantum systems to 13 customers. Preparing for a U.S. IPO via SPAC merger at $1.8B valuation. | Espoo, Finland | Private | $244M |
| 78 | Rescale | San Francisco-based cloud HPC platform providing on-demand access to specialized simulation hardware (CFD, FEA, molecular dynamics) for engineering teams. Customers include Airbus, Lockheed, and Samsung. Founded 2011. | San Francisco, United States | Private | $243M |
| 79 | Twilio | Cloud communications platform that provides programmable APIs for voice, SMS, video, and email, enabling developers to embed communication capabilities directly into their applications. Twilio powers customer engagement for hundreds of thousands of businesses worldwide. | San Francisco, United States | Public | $233M |
| 80 | Okta | Okta is an identity and access management platform that provides cloud-based solutions for securely connecting people to technology. The company offers single sign-on, multi-factor authentication, and lifecycle management for enterprises and developers. | San Francisco, United States | Public | $229M |
| 81 | JFrog | JFrog is a DevOps platform company that provides universal software supply chain solutions, including its flagship product Artifactory, a universal artifact repository manager for managing and distributing software packages. | Sunnyvale, United States | Public | $226M |
| 82 | DigitalOcean | DigitalOcean is a cloud infrastructure provider that simplifies cloud computing for developers, startups, and small-to-medium businesses. The company offers on-demand compute, storage, networking, and managed databases, serving over 500,000 customers globally. | New York, United States | Public | $224M |
| 83 | Fastly | Fastly is an edge cloud platform that provides content delivery network services, edge computing, security, and video and streaming solutions to help enterprises deliver fast, secure digital experiences at global scale. | San Francisco, United States | Public | $219M |
| 84 | ScaleOps | Autonomous cloud and AI infrastructure resource management platform that automatically reallocates computing resources in real time, reducing cloud costs by up to 80%. Trusted by Adobe, Wiz, DocuSign, and Salesforce. 350%+ YoY growth. | San Francisco, United States | Private | $217M |
| 85 | Netlify | Netlify is a web development platform that provides hosting, continuous deployment, and serverless backend services for modern web projects. The company pioneered the Jamstack architecture, enabling developers to build faster, more secure websites. | San Francisco, United States | Private | $202M |
| 86 | Starcloud | Space computing startup building an 88,000-satellite constellation to serve as orbital data centers, using near-continuous solar power in orbit to run AI compute workloads. Launched its first satellite with an Nvidia H100 GPU in November 2025. Fastest unicorn in Y Combinator history. | Redmond, Washington, United States | Private | $200M |
| 87 | Parallel Web Systems | Palo Alto-based web infrastructure and search/research APIs purpose-built for AI agents. Operates a proprietary high-quality web index used by 100,000+ developers and customers including Clay, Harvey, Notion, Opendoor, Sourcegraph, and Genpact. Founded by former Twitter CEO Parag Agrawal in 2023. | Palo Alto, United States | Private | $200M |
| 88 | Photonic Inc | Vancouver-based silicon photonics quantum computing company building distributed quantum systems on a silicon spin-photon platform. Strategic partnerships with Microsoft Azure Quantum and BC Hydro. Founded 2016. | Vancouver, Canada | Private | $200M |
| 89 | Alkira | Alkira is the leader in Network Infrastructure-as-a-Service (NIaaS), providing a secure network fabric that enables enterprises to deploy and manage network infrastructure on demand across multicloud, AI data centers, branches, and partner environments. Founded by the creators of Viptela (acquired by Cisco for $610M). | San Jose, United States | Private | $184M |
| 90 | Cloudflare | Web infrastructure and security company providing content delivery network, DDoS mitigation, Internet security, and distributed DNS services, helping to build a faster, more secure internet for millions of websites and applications. | San Francisco, US | Public | $182M |
| 91 | Airbyte | Open-source data integration platform that enables organizations to consolidate data from APIs, databases, and files into data warehouses, lakes, and other destinations through a library of hundreds of pre-built connectors. Y Combinator W20 batch. | San Francisco, United States | Private | $181M |
| 92 | Mux | Mux provides video infrastructure for developers through an API-first platform. Its core products are Mux Video (encoding, storage, and streaming) and Mux Data (quality-of-experience analytics monitoring billions of streams). | San Francisco, United States | Private | $174M |
| 93 | PagerDuty | Cloud-based incident management and digital operations platform that helps IT teams detect, triage, and resolve infrastructure and application issues in real time through intelligent alerting, on-call scheduling, and automated response orchestration. | San Francisco, US | Public | $174M |
| 94 | Coder | Self-hosted platform for cloud development environments that enables developers and AI coding agents to build software securely and efficiently on any infrastructure. Open-source tools used by over 1.2 million monthly active users. Customers include Dropbox, Discord, and Skydio. | Austin, United States | Private | $168M |
| 95 | DFINITY Foundation | DFINITY Foundation is a not-for-profit organization that builds and maintains the Internet Computer, a web-speed, internet-scale public blockchain. The platform enables smart contracts to serve interactive web content directly to browsers, allowing developers to build fully decentralized applications and enterprise systems. | Zurich, Switzerland | Private | $167M |
| 96 | Elastic | Open-source search and analytics company behind Elasticsearch, Kibana, and the Elastic Stack. Provides enterprise search, observability, and security solutions used by thousands of organizations worldwide for log analysis, application monitoring, and threat detection. | San Francisco, United States | Public | $162M |
| 97 | Rigetti Computing | Rigetti Computing is a full-stack quantum computing company that designs and fabricates superconducting quantum processors, integrates them into quantum computers, and delivers access through its Quantum Cloud Services platform. The company operates the world's first dedicated quantum chip foundry. | Berkeley, US | Public | $155M |
| 98 | nEye.ai | nEye.ai develops MEMS-based silicon photonics optical circuit switches for AI data center infrastructure, replacing electrical switching with direct optical connections among GPUs and memory to deliver ultra-low latency, massive bandwidth, and superior power efficiency for next-generation AI fabrics. | Emeryville, United States | Private | $153M |
| 99 | Zscaler | Zscaler is a cloud security company that provides a zero-trust platform for securing internet and SaaS access for enterprises. The company's cloud-native architecture replaces traditional network security appliances, serving thousands of global organizations. | San Jose, United States | Public | $150M |
| 100 | Datadog | Cloud-scale monitoring and analytics platform providing infrastructure monitoring, application performance management, log management, and security monitoring for developers, IT operations, and business teams. | New York, US | Public | $148M |
| 101 | Panthalassa | Portland, Oregon public-benefit corporation building floating, ocean-powered AI data centers. Wave-energy buoys with onboard AI compute, seawater-cooled, transmitting via LEO satellites. Pilot Ocean-3 nodes deploying in the northern Pacific in 2026. | Portland, United States | Private | $140M |
| 102 | Pinecone | Pinecone is the leading vector database platform for building accurate, performant AI applications at scale. Founded by former AWS Director of Research Edo Liberty, the company provides a fully managed, serverless infrastructure that makes it easy to connect enterprise data with large language models and other AI systems. | New York, United States | Private | $138M |
| 103 | DeepInfra | Palo Alto-based dedicated cloud inference platform for open-source and proprietary AI models, running its own hardware across eight US data centers. Supports 190+ open-weight models with roughly 5 trillion tokens processed per week, up 25x since the Series A in April 2025. | Palo Alto, United States | Private | $133M |
| 104 | Neon | Serverless Postgres platform that separates storage and compute, enabling autoscaling, database branching, and scale-to-zero for developers and AI agents. Acquired by Databricks for ~$1B in May 2025. | San Francisco, United States | Acquired | $126M |
| 105 | Aria Networks | AI-native networking hardware and software for data centers. Builds Ethernet switches (800G and 1.6T) and Cluster Software with AI reasoning for telemetry at 100-10,000x resolution of competitors. Hardware-agnostic platform works across AI chips from Nvidia and Google. Founded by Apstra CEO (sold to Juniper for ~$190M). | Palo Alto, United States | Private | $125M |
| 106 | Railway | Cloud infrastructure platform that simplifies software deployment for developers, offering instant provisioning, autoscaling, and AI-native tooling as an alternative to traditional cloud providers like AWS. | San Francisco, United States | Private | $124M |
| 107 | Weaviate | Open-source vector database platform that enables developers to store, search, and manage data objects and their vector embeddings at scale, powering AI-native applications with semantic search, generative capabilities, and hybrid search functionality. | Amsterdam, Netherlands | Private | $120M |
| 108 | Meadow Compute | SF-based AI infrastructure startup building fully-managed LLM training platforms for enterprise ML teams. | San Francisco, United States | Private | $118M |
| 109 | Quantum Cascade | Boston-based quantum computing startup building error-corrected superconducting qubits for enterprise research customers. | Boston, United States | Private | $117M |
| 110 | Larix Compute | SF-based AI infra startup building GPU-optimized serverless training for enterprise research teams. | San Francisco, United States | Private | $116M |
| 111 | Cast Compute | SF-based AI infra startup building GPU-optimized batch processing for enterprise ML pipelines. | San Francisco, United States | Private | $116M |
| 112 | Zilliz | Creator of Milvus, the world's most widely adopted open-source vector database. Provides enterprise-grade vector database solutions for AI applications including similarity search, recommendation systems, and retrieval-augmented generation (RAG). Relocated from Shanghai to Silicon Valley in 2022. | Redwood City, United States | Private | $113M |
| 113 | Juniper Compute | SF-based AI infra startup building GPU-optimized inference for computer vision workloads. | San Francisco, United States | Private | $113M |
| 114 | Gold Compute | SF-based AI infra startup building GPU-optimized model serving for enterprise ML platforms. | San Francisco, United States | Private | $113M |
| 115 | Vendia | Seattle-based real-time data sharing platform built on a serverless ledger architecture. Customers include Honeywell, Vanguard, AWS, and BMW for cross-organization data exchange. Founded 2020 by AWS Lambda and DynamoDB co-creators. | Seattle, United States | Private | $111M |
| 116 | Fly.io | Fly.io is a developer-focused public cloud platform that runs full-stack applications and databases close to end users using Firecracker micro-VMs. The platform distributes containerized apps to servers across 30+ regions worldwide, providing low-latency performance without the complexity of traditional multi-region deployments. | Chicago, United States | Private | $111M |
| 117 | Eclypsium | Cybersecurity firm scanning firmware of servers, laptops, network devices, and AI infrastructure for vulnerabilities below the operating system. Maintains a database of over 12 million known-good firmware hashes for continuous monitoring. | Portland, United States | Private | $111M |
| 118 | Kite Compute | SF-based AI infra startup building GPU-optimized fine-tuning platform for enterprise LLM teams. | San Francisco, United States | Private | $111M |
| 119 | Modal | Serverless cloud platform for AI and ML workloads that lets developers run inference, training, batch processing, and data pipelines at scale without managing infrastructure. Built a custom container runtime, file system, scheduler, and image builder for seamless developer experience. | New York, United States | Private | $110M |
| 120 | Coral Compute | SF-based AI infra startup building distributed training runtimes for scientific computing. | San Francisco, United States | Private | $107M |
| 121 | Canyon Cyber | Palo Alto-based cybersecurity startup building AI-native cloud native security for enterprise Kubernetes clusters. | Palo Alto, United States | Private | $107M |
| 122 | Nova Cyber | Palo Alto-based cybersecurity startup building AI-native cloud security posture management for enterprise multi-cloud deployments. | Palo Alto, United States | Private | $106M |
| 123 | PlanetScale | PlanetScale is a serverless database platform built on Vitess, the open-source database clustering system originally created to scale YouTube. The platform provides horizontally scalable MySQL and PostgreSQL databases with database branching, non-blocking schema changes, and sharding without downtime. | San Francisco, United States | Private | $105M |
| 124 | Petal Compute | SF-based AI infrastructure startup building AI-native vector databases for enterprise LLM applications. | San Francisco, United States | Private | $104M |
| 125 | Gage Compute | SF-based AI infra startup building GPU-optimized inference for computer vision workloads. | San Francisco, United States | Private | $104M |
| 126 | Almond Cyber | Palo Alto-based cybersecurity startup building AI-native cloud detection and response for AWS and GCP workloads. | Palo Alto, United States | Private | $101M |
| 127 | Sunday Cyber | Palo Alto-based cybersecurity startup building AI-native cloud infrastructure security posture management. | Palo Alto, United States | Private | $101M |
| 128 | MotherDuck | MotherDuck is a serverless cloud data warehouse built on the open-source DuckDB database. The platform combines the speed and simplicity of local analytics with the scalability of the cloud, enabling data teams to query data without managing infrastructure. | Seattle, United States | Private | $100M |
| 129 | RadixArk | Bay Area AI infrastructure company commercializing SGLang, an open-source LLM inference engine that serves trillions of tokens daily for Google, Microsoft, Nvidia, Oracle, AMD, Nebius, LinkedIn, xAI, and Thinking Machines. Launched with a $100M seed at $400M. | San Francisco, United States | Private | $100M |
| 130 | PointFive | New York-based AI Efficiency OS for cloud, data, AI workloads, and coding agents. Flagship product TokenShift governs token spend across Claude Code, Codex, Cursor, Copilot, and Windsurf. Customers include Nubank, E.ON, Hertz, Fanatics, and NICE. Founded January 2023. | New York, USA | Private | $96M |
| 131 | Rhythm Cyber | Palo Alto-based cybersecurity startup building AI-native data security posture management for enterprise cloud data lakes. | Palo Alto, United States | Private | $96M |
| 132 | Grove Cyber | Palo Alto-based cybersecurity startup building AI-native container runtime security for Kubernetes deployments. | Palo Alto, United States | Private | $93M |
| 133 | Gimlet Labs | Multi-silicon inference cloud platform that allows AI workloads to run simultaneously across diverse hardware types (CPUs, GPUs, high-memory systems). Claims 3x-10x inference speedup. Partners with NVIDIA, AMD, Intel, ARM, Cerebras. | San Francisco, United States | Private | $92M |
| 134 | Orkes | Agent and durable workflow orchestration platform built by the original architects of Netflix Conductor. Enables developers to build, deploy, and manage complex AI workflows and distributed applications with reliability, observability, and governance. Took over stewardship of the Conductor project after Netflix discontinued it. Customers include United Wholesale Mortgage, Quest Diagnostics, Twilio, LinkedIn. | Cupertino, United States | Private | $89M |
| 135 | RudderStack | Open-source customer data platform built for developers that enables companies to collect, unify, and activate customer data across their entire stack, with a warehouse-native architecture that puts the data warehouse at the center of customer data infrastructure. | San Francisco, United States | Private | $82M |
| 136 | Alluxio | Alluxio is a data orchestration and AI acceleration platform that provides a unified data access layer between compute frameworks and storage systems. Originating from founder Haoyuan Li's PhD research at UC Berkeley's AMPLab, the platform enables high-performance data access across hybrid and multi-cloud environments. Alluxio powers workloads at nine of the world's ten largest internet companies. | San Mateo, United States | Private | $82M |
| 137 | Fluent Commerce | Global provider of distributed order management systems (OMS) that helps retailers and brands manage inventory availability and fulfillment at scale. Serves customers including Prada Group, L'Oreal, LVMH, Kingfisher, and JD Sports with cloud-native, AI-ready order management. | Sydney, AU | Private | $67M |
| 138 | Palo Alto Networks | Palo Alto Networks is a global cybersecurity leader that provides next-generation firewalls, cloud security, and AI-powered threat detection to enterprises and governments worldwide. The company pioneered application-aware firewall technology that transformed network security. | Santa Clara, United States | Public | $65M |
| 139 | Replicate | Cloud platform for running open-source AI models via API, enabling developers to deploy and scale machine learning models with a single line of code. Hosts a catalog of 50,000+ production-ready models. Acquired by Cloudflare in November 2025 for approximately $550M. | San Francisco, United States | Acquired | $58M |
| 140 | Synchronoss Technologies | Personal cloud platform providing secure, white-label cloud storage and digital identity management solutions to global telecom operators. Founded by Stephen Waldis, IPO in 2006. Acquired by Lumine Group (Constellation Software subsidiary) for $258M enterprise value. | Bridgewater, US | Acquired | $57M |
| 141 | Expo | Expo is an open-source platform for building universal native apps with React. Developers write JavaScript/TypeScript code that runs natively on Android, iOS, and the web from a single codebase. Expo also offers EAS (Expo Application Services), a cloud platform for building, submitting, and updating apps. Used by over 3 million developers with close to 4 million weekly npm downloads. | Palo Alto, United States | Private | $56M |
| 142 | Monarch Quantum | Developer of integrated photonics hardware for quantum computing, sensing, and networking. Builds Quantum Light Engines for leading quantum companies including Quantinuum, Infleqtion, and NASA. Over $60M in customer contracts within six months of founding. | San Diego, United States | Private | $55M |
| 143 | Convex | Convex is an open-source reactive backend-as-a-service platform that provides a real-time database, serverless functions, and client SDKs for building live-updating web and mobile apps. The platform integrates a TypeScript-based document store and function runtime for queries and mutations. Convex went open source in March 2024. | San Francisco, United States | Private | $54M |
| 144 | Dagster Labs | Open-source data orchestration platform that helps data engineering teams develop, deploy, and observe data pipelines. Founded by GraphQL co-creator Nick Schrock, Dagster provides a developer-focused alternative to Apache Airflow with asset-based pipeline definitions, built-in testing, and scheduling. | San Francisco, United States | Private | $49M |
| 145 | CoreOS | CoreOS developed Container Linux, a lightweight Linux-based operating system designed for massive server deployments, along with key container infrastructure tools including etcd, rkt, and the Tectonic Kubernetes platform. Founded through Y Combinator (S13), the company built open source infrastructure to enable Google-scale operations for any organization. CoreOS was a founding member of both the Cloud Native Computing Foundation (CNCF) and the Open Container Initiative (OCI). Acquired by Red Hat in January 2018 for $250 million. | San Francisco, US | Acquired | $48M |
| 146 | Prefect | Python-based workflow orchestration platform that empowers data teams to build, run, and monitor resilient data pipelines. Founded as an open-source alternative to Apache Airflow, Prefect provides dataflow automation tools used to orchestrate millions of workflows. | Washington, United States | Private | $47M |
| 147 | Wren Compute | SF-based AI infrastructure startup building specialized ML training accelerators for language model deployments. | San Francisco, United States | Private | $43M |
| 148 | Almond Compute | SF-based AI infra startup building GPU orchestration and workload scheduling for large language model training. | San Francisco, United States | Private | $43M |
| 149 | Parasail | Parasail operates an AI Supercloud, an inference-optimized, pay-per-token cloud platform that aggregates global GPU supply into a single fabric that automatically optimizes model endpoints for speed, performance, and cost. Processes 500B+ tokens/day with ~30% month-over-month revenue growth. Customers include Elicit, mem0, Gravity, Kotoba, and Venice. | San Francisco, United States | Private | $42M |
| 150 | Axiom | Cloud-native observability platform providing serverless log management, distributed tracing, and metrics collection for engineering teams. Enables petabyte-scale data ingest with high compression and zero-sampling analytics across logs, traces, and AI workflows. | San Francisco, United States | Private | $41M |
| 151 | Gitpod | Open-source developer platform providing automated, pre-configured cloud development environments. Enables developers to spin up reproducible, ephemeral workspaces with a single click. Rebranded as Ona in September 2025 with a pivot toward AI-driven software engineering agents. | Kiel, Germany | Private | $41M |
| 152 | Iris Compute | SF-based AI infrastructure startup building GPU-optimized transformer training runtimes. | San Francisco, United States | Private | $41M |
| 153 | Halo Compute | SF-based AI infra startup building GPU cluster networking for enterprise training pipelines. | San Francisco, United States | Private | $41M |
| 154 | Lava Compute | SF-based AI infra startup building GPU-optimized fine-tuning platform for open-source models. | San Francisco, United States | Private | $41M |
| 155 | Silo Compute | SF-based AI infra startup building GPU-optimized inference for enterprise voice AI workloads. | San Francisco, United States | Private | $41M |
| 156 | Yeti Compute | SF-based AI infra startup building GPU-optimized fine-tuning platform for open-source foundation models. | San Francisco, United States | Private | $41M |
| 157 | Sable Compute | SF-based AI infra startup building distributed training pipelines for multi-modal models. | San Francisco, United States | Private | $41M |
| 158 | Fern Compute | SF-based AI infrastructure startup building specialized inference runtimes for reasoning-model deployments. | San Francisco, United States | Private | $40M |
| 159 | Sunrise Compute | SF-based AI infra startup building GPU pooling for AI startups and research groups. | San Francisco, United States | Private | $40M |
| 160 | Nexus Compute | SF-based AI infra startup building GPU-optimized computer vision serving for retail analytics. | San Francisco, United States | Private | $39M |
| 161 | Cove Compute | Boston-based AI infrastructure startup building GPU-optimized inference for enterprise chatbots. | Boston, United States | Private | $38M |
| 162 | Rhythm Compute | SF-based AI infrastructure startup building GPU-optimized training runtimes for reinforcement learning workloads. | San Francisco, United States | Private | $38M |
| 163 | Cinder Compute | SF-based AI infrastructure startup building GPU-optimized inference for computer vision applications. | San Francisco, United States | Private | $38M |
| 164 | Tern Compute | SF-based AI infra startup building GPU-optimized runtime for scientific ML workloads. | San Francisco, United States | Private | $38M |
| 165 | Mint Compute | SF-based AI infra startup building serverless GPU inference for real-time apps. | San Francisco, United States | Private | $38M |
| 166 | Meridian Compute AI | SF-based AI infra startup building distributed training orchestration for multi-region GPU clusters. | San Francisco, United States | Private | $37M |
| 167 | Willow Compute | Palo Alto-based AI infra startup building GPU rental for climate and materials simulation workloads. | Palo Alto, United States | Private | $36M |
| 168 | Boulevard Compute | Palo Alto-based AI infra startup building GPU cluster management for enterprise AI teams. | Palo Alto, United States | Private | $36M |
| 169 | Ink Compute | SF-based AI infra startup building GPU-optimized document processing for enterprise OCR workloads. | San Francisco, United States | Private | $36M |
| 170 | Stitch | Riyadh-based fintech building a cloud-native operating system for banks and financial institutions, covering lending, cards, payments, and ledgers. Lets banks modernize fragmented legacy cores module by module rather than rip-and-replace. Over $5B in transactions processed in trailing six months. | Riyadh, Saudi Arabia | Private | $35M |
| 171 | Turso | Open-source edge database platform powered by libSQL, an open-contribution fork of SQLite, designed to bring data closer to users with global replication across dozens of locations for low-latency, serverless applications. Formerly known as ChiselStrike. | San Francisco, United States | Private | $33M |
| 172 | Larkspur Cyber | Palo Alto-based cybersecurity startup building AI-native vulnerability management for cloud workloads. | Palo Alto, United States | Private | $33M |
| 173 | Elk Cyber | Palo Alto-based cybersecurity startup building AI-native data classification for enterprise data lake security. | Palo Alto, United States | Private | $33M |
| 174 | Knox Systems | FedRAMP-as-a-service platform that gives SaaS vendors the fastest path to government security authorization, reducing first-year costs by 90% with an AI-managed pre-authorized cloud environment. | San Francisco, United States | Private | $32M |
| 175 | Oak Cyber | Palo Alto-based cybersecurity startup building AI-native data loss prevention for enterprise cloud storage. | Palo Alto, United States | Private | $32M |
| 176 | Inngest | Event-driven durable workflow orchestration platform that enables developers to build reliable multi-step functions, AI pipelines, and background jobs as regular code, with built-in retries, scheduling, and observability, without managing queues or infrastructure. | San Francisco, United States | Private | $30M |
| 177 | Claros | Develops chip-level power infrastructure with integrated voltage regulators that funnel power directly to chips, cutting heat conversion loss and enabling 30% energy savings. Also building modular DC-powered data centers. | McLean, United States | Private | $30M |
| 178 | Better Stack | Observability platform that combines uptime monitoring, logs, metrics, traces, error tracking, and status pages into a ClickHouse-based alternative to Datadog. Used by over 7,000 customers including Time, Salesforce, and Hugging Face. Became 'unintentionally profitable' in 2023. | Prague, Czech Republic | Private | $29M |
| 179 | Aurora Labs Bengaluru | Bengaluru-based AI infrastructure startup building GPU rental for Indian AI research and enterprise ML teams. | Bengaluru, India | Private | $28M |
| 180 | Iceotope | Sheffield, UK precision chassis-level liquid cooling systems for AI data centers, HPC, and edge infrastructure. Holds 200+ patents on chassis-level immersion cooling. Founded 2005 by Peter Hopton and David Craig; current President and CEO is Jonathan Ballon. | Sheffield, United Kingdom | Private | $26M |
| 181 | Deno | Open-source JavaScript and TypeScript runtime built on V8 and Rust, created by Node.js inventor Ryan Dahl. Provides a modern, secure-by-default development experience with native TypeScript support and web-standard APIs. Also operates Deno Deploy, a serverless edge hosting platform. | New York, United States | Private | $26M |
| 182 | Featherless AI | Singapore-based serverless inference platform offering hot-swap GPU loading (sub-5-second model swaps) for 30,000+ open-weight AI models via a single API. Flat-rate pricing alternative to per-token billing, with AMD-backed support to run frontier open models natively on ROCm as a counterweight to Nvidia CUDA lock-in. | Singapore, Singapore | Private | $25M |
| 183 | Arpio | Durham, North Carolina-based AI-native automated cloud disaster recovery for AWS and Azure (expanding to GCP). Maps application dependencies and replicates infrastructure for ransomware and outage recovery. Y Combinator alum, founded 2018. | Durham, USA | Private | $23M |
| 184 | Resend | Modern email API platform for developers, enabling teams to build, test, and send transactional and marketing emails at scale using familiar tools like React. Powers millions of emails monthly for over 200,000 developers. | San Francisco, United States | Private | $21M |
| 185 | Tensormesh | San Francisco-based KV-caching SaaS inference platform built on the open-source LMCache project. Claims up to 10x reduction in LLM latency and GPU cost. Founded 2024 by University of Chicago, UC Berkeley, and CMU researchers. | San Francisco, USA | Private | $20M |
| 186 | Trigger.dev | Open-source platform for building and deploying fully managed AI agents and workflows in TypeScript, offering long-running tasks with automatic retries, queues, full observability, and elastic scaling. Y Combinator W23 batch. | London, United Kingdom | Private | $20M |
| 187 | Inference Labs | Berlin-based serverless GPU inference platform offering sub-second cold starts for Llama, Mixtral, and Stable Diffusion derivatives. Pay-per-token pricing competing with Together AI, Fireworks, and Replicate. Founded 2024. | Berlin, Germany | Private | $18M |
| 188 | Stately | San Francisco-based serverless state-management platform that hosts XState machines as a managed service for AI agent workflows. Founded 2023 by the maintainer of XState. | San Francisco, United States | Private | $18M |
| 189 | Solstice Compute | San Francisco-based AI infrastructure startup building GPU orchestration and workload scheduling for on-premises training clusters. Targets sovereign-AI compute customers. | San Francisco, United States | Private | $18M |
| 190 | Gorilla Technology | Global provider of AI-powered edge computing, video intelligence, IoT security, and cybersecurity solutions. Specializes in edge AI for real-time data processing, serving government institutions, telecom companies, and enterprises across Asia Pacific, the Middle East, and globally. | London, UK | Public | $15M |
| 191 | Cirrus Compute | Seattle-based edge-inference startup building GPU-optimized inference runtimes for on-premises enterprise LLM deployments. | Seattle, United States | Private | $14M |
| 192 | Stone Compute | Palo Alto-based AI infrastructure startup building GPU rental and cluster orchestration for AI startups and researchers. | Palo Alto, United States | Private | $14M |
| 193 | Arweave | Arweave is a decentralized permanent data storage network that uses a blockchain-based structure called a "blockweave" to store data indefinitely. The protocol enables a "permaweb" where websites, applications, and files are preserved permanently without risk of deletion or censorship. | London, United Kingdom | Private | $13M |
| 194 | Heroku | Cloud platform as a service (PaaS) that enables developers to build, run, and manage applications entirely in the cloud. One of the first PaaS platforms, originally focused on Ruby on Rails applications. Pioneered the developer-first cloud deployment model. | San Francisco, US | Acquired | $13M |
| 195 | Upstash | Upstash is a serverless data platform that provides managed Redis, Kafka, and QStash services with per-request pricing. The platform targets developers building data-intensive and edge computing applications, scaling to zero when idle and serving over 85,000 developers. | San Jose, United States | Private | $12M |
| 196 | Callosum | AI infrastructure startup developing system-level software that orchestrates AI workloads across mixed chip architectures from different manufacturers including Nvidia, AMD, AWS Trainium, Cerebras, and SambaNova. Inspired by neuroscience research showing intelligence emerges from diverse specialized components. Claims 2x accuracy, 7x faster performance, and 4x lower cost vs. homogeneous hardware setups. | London, GB | Private | $10M |
| 197 | OpenObserve | San Francisco open-source AI-native observability platform unifying logs, metrics, traces, and LLM monitoring with an autonomous AI SRE agent. Used by 6,000+ organizations including Fortune 100 customers, evolved from the open-source ZincSearch project. | San Francisco, United States | Private | $10M |
| 198 | Meridian Compute | Palo Alto-based AI compute startup building GPU sharing infrastructure for research labs. | Palo Alto, United States | Private | $10M |
| 199 | Apcera | Apcera was a cloud infrastructure company that built a policy-driven container management platform called Continuum, enabling enterprises to deploy, orchestrate, and govern containers and applications across on-premises and cloud-based infrastructure. Founded by Derek Collison (creator of Cloud Foundry at VMware), the company was acquired by Ericsson in 2014 before being wound down as Docker and Kubernetes won the market. | San Francisco, United States | Acquired | $7M |
| 200 | Veeva Systems | Veeva Systems is a cloud computing company focused on pharmaceutical and life sciences industry applications, providing cloud-based software for customer relationship management, content management, regulatory compliance, and data management to help life sciences companies bring products to market faster. | Pleasanton, United States | Public | $7M |
| 201 | Val Town | Social coding platform for writing, running, and deploying serverless TypeScript functions from the browser. Combines a cloud runtime, collaboration features, and a social network for code, enabling developers to build APIs, schedule functions, and persist data without managing infrastructure. | Brooklyn, United States | Private | $7M |
| 202 | Niteshift | New York-based full-stack cloud for AI coding agents. Runs Claude Code, Codex, and open-source frontier agents in pre-configured dev environments handling runtime, services, auth, testing, and verification. Founded 2026 by Datadog veterans, positioned against 'Big AI' vendor lock-in. | New York, USA | Private | $7M |
| 203 | JetScale AI | AI-powered cloud infrastructure optimization platform that uses agentic AI to detect cloud inefficiencies, deliver actionable remediation plans, and generate compliant infrastructure-as-code (Terraform-ready) for engineering teams. Tasks that previously required weeks of specialized cloud expertise can be completed in minutes. The platform is read-only in cloud environments, generating reviewable code rather than making direct changes. | Montreal, Canada | Private | $5M |
| 204 | Big Network | Big Network is a software innovator focused on ultra-reliable networking, addressing edge deployment challenges including multi-WAN resilience, static IP continuity over satellite and wireless networks, and transparent Layer 2 services. The company's cloud-managed connectivity platform was merged into Contrivian in February 2026. | New York, US | Acquired | $2M |
| 205 | Microsoft | Global technology company producing Windows, Office, Azure cloud services, and enterprise software. A major investor in OpenAI and leader in AI integration across its products. | Redmond, US | Public | - |
| 206 | Alphabet | Parent company of Google. Operates the world's largest search engine, YouTube, Google Cloud, Android, and Waymo. A leader in AI research through DeepMind and Google Brain. | Mountain View, US | Public | - |
| 207 | Amazon | The world's largest e-commerce marketplace and a leading cloud computing provider through Amazon Web Services (AWS). Also operates in advertising, streaming, and AI. | Seattle, US | Public | - |
| 208 | Contrivian | Contrivian specializes in mission-critical connectivity for enterprise and government organizations. The company integrates multiple network types (fiber, broadband, LTE/5G, LEO satellite) through its proprietary Lighthouse platform for real-time performance monitoring and dynamic traffic routing, providing custom-designed connectivity solutions in 160+ countries. | San Francisco, US | Private | - |