An index of frontier and emerging AI labs.
AI compute hardware
Thermodynamic-computing startup building probabilistic processors (thermodynamic sampling units) for AI and scientific workloads. First TSU hardware XTR-0 shared with partners in 2025; production-scale Z1 chip targeting 2026. Raised $14.1M seed led by Kindred Ventures.
| Name | Extropic |
|---|---|
| Space | AI compute hardware |
| Founded | 2022 |
| Latest valuation | — |
| Stage | — |
| Status | active |
| HQ | Austin, TX |
| Founders | Guillaume Verdon, Trevor McCourt |
| Website | https://www.extropic.ai |
| Careers | https://www.extropic.ai/careers |
| — | |
| X / Twitter | — |
No funding events recorded.
No founders recorded yet. Submit info.
| Date | Type | Title | Source |
|---|---|---|---|
| 2026-06-14 | added | Extropic added to tracker | — |
No sources cited.
| Lab | Valuation | Founded |
|---|---|---|
| Cerebras Systems | ~$56B (mkt cap) | 2016 |
| Groq | ~$6.4B | 2016 |
| Etched | $5B | 2022 |
| Unconventional AI | $4.5B | 2025 |
| Celestial AI | $3.25B (acq.) | 2020 |
| Tenstorrent | ~$3.2B | 2016 |
| d-Matrix | $2B | 2019 |
| Hailo | $1.2B | 2017 |