| Lab | Valuation | Founded | Space | HQ | Founders | More | Jobs |
|---|---|---|---|---|---|---|---|
| Thinking Machines Lab | $12B | 2025 | Frontier lab | San Francisco | Mira Murati | Details | Apply |
| Periodic Labs | ~$7B | 2025 | Bio / AI material discovery | San Francisco | Liam Fedus, Ekin Dogus Cubuk | Details | Apply |
| Unconventional AI | $4.5B | 2025 | AI compute hardware | San Francisco | Naveen Rao, Michael Carbin, Sara Achour, MeeLan Lee | Details | — |
| Humans& | $4.48B | 2025 | RL for Humans | San Francisco | Andi Peng, Georges Harik, Eric Zelikman, Yuchen He, Noah Goodman | Details | — |
| Flapping Airplanes | >$1B | 2025 | Frontier lab | San Francisco | Ben Spector, Asher Spector, Aidan Smith | Details | — |
| General Intuition | ~$1B | 2025 | World models | San Francisco | Pim de Witte, Moritz Baier-Lentz | Details | — |
| Mirendil | ~$1B | 2025 | Unknown | San Francisco | Behnam Neyshabur, Harsh Mehta | Details | — |
| Ndea | <$1B | 2025 | Program synthesis | San Francisco | François Chollet, Mike Knoop | Details | — |
| Merge Labs | $850M | 2025 | AI research | San Francisco | Sam Altman, Alex Blania, Mikhail Shapiro, Tyson Aflalo, Sumner Norman, Sandro Herbig | Details | — |
| Isara | $650M | 2025 | Frameworks | San Francisco | Eddie Zhang, Henry Gasztowtt | Details | — |
| Adaption Labs | ~$500M | 2025 | Continual learning | San Francisco | Sara Hooker, Sudip Roy | Details | — |
| Elorian | ~$300M | 2025 | Multimodal | San Francisco | Andrew Dai, Yinfei Yang, Seth Neel | Details | — |
| Poetiq | ~$300M | 2025 | Frameworks | San Francisco | Shumeet Baluja, Ian Fischer | Details | — |
| NeoCognition | ~$200M | 2025 | Reasoning agents | Columbus, OH / San Francisco | Yu Su, Xiang Deng, Yu Gu | Details | — |
| Moonlake AI | — | 2025 | Unknown | San Francisco | Fan-Yun Sun, Sharon Lee | Details | — |
Valuation key: $X confirmed · $X reported · $X rumored · $X estimated.