An index of frontier and emerging AI labs.
Foundation models & agents
Tsinghua spinout developer of the GLM family of foundation models. Listed on the Hong Kong Stock Exchange (2513.HK) in Jan 2026 at a ~$6.6B market cap — the first publicly listed pure-play AGI foundation-model company.
| Name | Zhipu AI |
|---|---|
| Aliases | Z.ai, Knowledge Atlas Technology |
| Space | Foundation models & agents |
| Founded | 2019 |
| Latest valuation | ~$6.6B (mkt cap) |
| Stage | — |
| Status | active |
| HQ | Beijing |
| Founders | Tang Jie, Li Juanzi |
| Website | https://www.zhipuai.cn |
| Careers | — |
| — | |
| X / Twitter | — |
| Date | Round | Amount ($M) | Valuation | Confidence | Source |
|---|---|---|---|---|---|
| — | — | — | ~$6.6B market cap | reported | — |
No founders recorded yet. Submit info.
| Date | Type | Title | Source |
|---|---|---|---|
| 2026-06-14 | added | Zhipu AI added to tracker Latest valuation: ~$6.6B market cap. | — |
No sources cited.
| Lab | Valuation | Founded |
|---|---|---|
| Perplexity | $20B | 2022 |
| Sierra | $15B | 2023 |
| MiniMax | ~$11.5B | 2021 |
| StepFun | $10B | 2023 |
| Hark | $6B | 2025 |
| Baichuan AI | ~$2.7B | 2023 |
| H (The H Company) | $2B | 2024 |
| Decagon | ~$1.5B | 2023 |