An index of frontier and emerging AI labs.
Open-source LLMs
Foundation models focused on enterprise workflows; founded by Ashish Vaswani (Transformer co-author) and Niki Parmar.
| Name | Essential AI |
|---|---|
| Space | Open-source LLMs |
| Founded | 2023 |
| Latest valuation | $1B |
| Stage | — |
| Status | active |
| HQ | San Francisco |
| Founders | Ashish Vaswani, Niki Parmar |
| Website | https://essential.ai |
| Careers | https://essential.ai/careers |
| — | |
| X / Twitter | — |
| Date | Round | Amount ($M) | Valuation | Confidence | Source |
|---|---|---|---|---|---|
| — | — | — | $1B | reported | — |
No founders recorded yet. Submit info.
| Date | Type | Title | Source |
|---|---|---|---|
| 2026-06-14 | added | Essential AI added to tracker Latest valuation: $1B. | — |
No sources cited.
| Lab | Valuation | Founded |
|---|---|---|
| DeepSeek | $45B | 2023 |
| Mistral AI | ~$14B | 2023 |
| Hugging Face | $13.5B | 2016 |
| Fireworks AI | $4B | 2022 |
| Together AI | ~$3.3B | 2022 |
| Snorkel AI | ~$1.3B | 2019 |
| Upstage | ~$1.16B | 2020 |
| Nous Research | $1B | 2023 |