Biggest US Startups by Valuation 2025
The data highlights a thriving US startup ecosystem driven by advancements in AI, fintech, SaaS, space exploration, and biotech. Venture capital firms play a pivotal role in fueling these unicorns, while strategic partnerships amplify growth potential.
For entrepreneurs or investors interested in these sectors, focusing on scalable business models and emerging technologies could yield significant opportunities.
Biggest startups by valuation
The 2025 US startup valuation data provides crucial intelligence for entrepreneurs and business owners, revealing which sectors attract major investment (primarily AI, fintech, and transportation), identifying active investors by industry, highlighting capital efficiency models, and offering benchmarking metrics for fundraising.
This dataset provides a comprehensive view of the highest-valued U.S. startups as of March 2025.
| Company | Post Money Value | Total Equity Funding | Lead Investors Include |
|---|---|---|---|
| SpaceX | $350B | $9B | Andreessen Horowitz |
| OpenAI | $300B | $58B | SoftBank |
| Stripe | $65B | $9B | Andreessen Horowitz, Baillie Gifford |
| Databricks | $62B | $14B | Andreessen Horowitz, DST Global |
| Anthropic | $62B | $13B | Lightspeed Venture Partners |
| xAI | $50B | $12B | X (formerly Twitter) |
| Waymo | $45B | $11B | Alphabet |
| JUUL | $38B | $15B | Altria |
| Fanatics | $31B | $5B | Clearlake Capital Group |
| Cruise | $30B | $9B | General Motors |
| Chime | $25B | $2B | Sequoia Capital Global Equities |
| CoreWeave | $23B | $2B | Stack Capital |
| Epic Games | $23B | $8B | The Walt Disney Company |
| Miro | $18B | $476M | ICONIQ Growth |
| Discord | $15B | $979M | Dragoneer Investment Group |
| Gopuff | $15B | $3B | Robert Iger |
| CloudKitchens | $15B | $1B | Saudi Arabia's Public Investment Fund |
| Anduril Industries | $14B | $4B | Founders Fund, Sands Capital Ventures |
| Scale AI | $14B | $2B | Accel |
| Rippling | $14B | $1B | Coatue |
| Plaid | $13B | $734M | Altimeter Capital |
| OpenSea | $13B | $427M | Coatue, Paradigm |
| Grammarly | $13B | $400M | Baillie Gifford, BlackRock |
| Devoted Health | $13B | $2B | Fearless Ventures, GIC |
| Ramp | $13B | $1B | Founders Fund, Khosla Ventures |
| Faire | $13B | $2B | Shopify |
| Figma | $13B | $749M | Durable Capital Partners |
| Infinite Reality | $12B | $3B | |
| GoodLeap | $12B | $0 | |
| Biosplice Therapeutics | $12B | $778M | aMoon Fund, Eventide |
| Deel | $12B | $679M | Coatue |
| Airtable | $12B | $1B | XN |
| Notion | $10B | $343M | Coatue, Sequoia Capital |
| Alchemy | $10B | $564M | Lightspeed Venture Partners, Silver Lake |
| Colossal Biosciences | $10B | $448M | Mark Walter, Thomas Tull |
| Digital Currency Group | $10B | $0 | OMERS Ventures |
| Ripple | $10B | $294M | Tetragon Financial Group Limited |
| Talkdesk | $10B | $497M | Viking Global Investors |
| Thrasio | $10B | $2B | Advent International, Silver Lake |
| Gusto | $10B | $746M | Friends & Family Capital |
| Navan | $9B | $1B | Greenoaks |
| Tanium | $9B | $775M | Salesforce Ventures |
| Perplexity | $9B | $665M | IVP, Wayra |
| VAST Data | $9B | $381M | Fidelity |
| Niantic | $9B | $770M | Coatue |
| Nuro | $9B | $2B | Tiger Global Management |
| Tipalti | $8B | $549M | G Squared |
| Flexport | $8B | $2B | Shopify |
| Fireblocks | $8B | $1B | D1 Capital Partners, Spark Capital |
| FalconX | $8B | $474M | B Capital, GIC |
| Caris Life Sciences | $8B | $1B | Sixth Street |
| Circle | $8B | $1B | Coinbase |
| Netskope | $8B | $1B | Morgan Stanley |
| Flock Safety | $8B | $656M | Andreessen Horowitz |
| Snyk | $7B | $1B | ServiceNow |
| Carta | $7B | $1B | Silver Lake |
| Gong | $7B | $583M | Franklin Templeton |
| ConsenSys | $7B | $660M | ParaFi Capital |
| Ro | $7B | $1B | ShawSpring Partners |
| Attentive | $7B | $863M | Coatue |
| Cohesity | $7B | $810M | The Carlyle Group |
| The Boring Company | $7B | $908M | Sequoia Capital, Vy Capital |
| NYDIG | $7B | $1B | WestCap |
| Impossible Foods | $7B | $2B | Mirae Asset |
| Automation Anywhere | $7B | $853M | Arctic Ventures, Mindrock Capital |
| DataRobot | $6B | $1B | Altimeter Capital, Tiger Global Management |
| Upgrade | $6B | $587M | Coatue, DST Global |
| Hinge Health | $6B | $826M | Coatue, Tiger Global Management |
| Benchling | $6B | $412M | Altimeter Capital, Franklin Templeton |
| iCapital Network | $6B | $729M | Bank of America |
| Applied Intuition | $6B | $602M | Elad Gil, Lux Capital |
| Commure | $6B | $621M | General Catalyst |
| Grafana Labs | $6B | $805M | Lightspeed Venture Partners |
| Lyra Health | $6B | $910M | Dragoneer Investment Group |
| Cityblock Health | $6B | $891M | SoftBank |
| Workato | $6B | $415M | Battery Ventures |
| Vice Media | $6B | $1B | TPG |
| Postman | $6B | $433M | Insight Partners |
| Fivetran | $6B | $728M | Andreessen Horowitz |
| SandboxAQ | $6B | $800M | |
| Vuori | $6B | $445M | SoftBank Vision Fund |
| Helion Energy | $5B | $1B | Nucor Corporation |
| Sierra Space | $5B | $2B | Kanematsu Corporation, MUFG Bank |
| Quantinuum | $5B | $300M | JP Morgan Chase |
| Shield AI | $5B | $1B | Hanwha Aerospace, L3Harris Technologies |
| Redwood Materials | $5B | $2B | Capricorn Investment Group, Goldman Sachs Asset Management |
| 6sense | $5B | $426M | Blue Owl, MSD Partners |
| Abnormal Security | $5B | $534M | Wellington Management |
| SambaNova Systems | $5B | $1B | SoftBank Vision Fund |
| Icertis | $5B | $291M | Silicon Valley Bank |
| Cockroach Labs | $5B | $633M | Greenoaks |
| Coalition | $5B | $785M | Mitsui Sumitomo Insurance Company |
| Neuralink | $5B | $686M | Founders Fund |
| NinjaOne | $5B | $762M | CapitalG, ICONIQ Growth |
| Safe Superintelligence | $5B | $1B | Greenoaks |
| DataDirect Networks | $5B | $310M | Blackstone Group |
| Beast Industries | $5B | $450M | Alpha Wave Global |
| Whatnot | $5B | $750M | avra, DST Global |
| Reify Health | $5B | $479M | Altimeter Capital, Coatue |
| Island | $5B | $810M | Coatue |
Source: Crunchbase
This data helps startups to identify potential investors and helps founders to make informed decisions about market positioning and strategic focus.
Key Insights – US Startups by Valuation 2025
Based on the data, here are the key insights,
AI Dominance
Here, we’re featuring seven companies with AI dominance. These startups represent some of the U.S.’s most innovative and rapidly growing sectors.
OpenAI
OpenAI has emerged as the most valuable startup in the United States, currently valued at $300 billion with $58 billion in total equity funding according to 2025 data. Founded to develop advanced artificial intelligence systems that benefit humanity, the company has gained prominence under the leadership of CEO Sam Altman.
OpenAI’s portfolio includes groundbreaking models like ChatGPT, GPT (Generative Pre-trained Transformer), and DALL-E, which have revolutionized natural language processing and image generation capabilities.
Databricks
Databricks is a leading data, analytics, and AI company founded in 2013 by seven UC Berkeley Ph.D. students, including Ali Ghodsi, who serves as CEO. The company is known for pioneering the data lakehouse concept, which integrates data warehouses and lakes for efficient data management and AI workloads.
Databricks offers a cloud-based platform that leverages Apache Spark and Delta Lake to support ETL, machine learning, and data governance. With a revenue of $1.6 billion in 2023 and over 8,000 employees, Databricks continues to innovate with advancements in AI and data analytics, including its open-source foundation model DBRX. The company is headquartered in San Francisco and operates globally.
Anthropic
Anthropic is an AI research and development company founded in 2021 by siblings Dario Amodei and Daniela Amodei, along with five other former OpenAI executives. The company focuses on responsibly advancing generative AI, emphasizing safety and interpretability. Dario Amodei serves as CEO, while Daniela Amodei is President. Other key executives include Jack Clark, Tom Brown, Sam McCandlish, and Jason Clinton.
Anthropic is known for its AI chatbot Claude and has received significant investments from tech giants like Amazon and Google. As a public benefit corporation, Anthropic prioritizes long-term societal benefits over profit, aligning its operations with a commitment to developing safe and beneficial AI systems
xAI
Elon Musk founded xAI is an AI company in July 2023 focused on developing safe and accessible AI solutions, emphasizing transparency and alignment with human values. xAI’s leadership includes Musk as CEO and key founding members such as Igor Babuschkin, Jimmy Ba, and Ross Nordeen.
The company has secured funding and is rapidly expanding its workforce, now exceeding 1,200 employees. xAI’s product suite includes tools like Grok for intelligent chatting and PromptIDE for engineering, positioning it as a competitor in the generative AI market alongside OpenAI and Google.
Waymo
Waymo is a pioneering autonomous driving technology company based in Mountain View, California. Founded in 2009 as the Self-Driving Car Project of Google , it was renamed Waymo in 2016. The company is led by co-CEOs Tekedra Mawakana and Dmitri Dolgov, with Mawakana focusing on commercialization and Dolgov on technology development.
Waymo offers services like Waymo One for ride-hailing and Waymo Via for goods delivery. It operates in several U.S. cities and has plans for international expansion. The company has partnerships with major vehicle manufacturers and has raised funding to advance its autonomous driving solutions
CoreWeave
CoreWeave is an American AI cloud-computing company based in Livingston, New Jersey, founded in 2017 as Atlantic Crypto. It specializes in providing cloud-based GPU infrastructure for AI developers and enterprises. Key figures include Michael Intrator as CEO, Brian Venturo as Chief Strategy Officer, Brannin McBee as Chief Development Officer, and Peter Salanki as CTO.
Recent senior hires include Chen Goldberg, the senior vice president of engineering at Google; Sachin Jain, the chief operating officer at Oracle; and Nitin Agrawal, the CFO of Google Cloud. CoreWeave has experienced rapid growth, raising over $12 billion from investors and expanding its operations globally, including a new European headquarters in London. The company is known for its high-performance computing services and innovative chip management software, supporting AI-intensive applications.
Scale AI
Scale AI is an American data annotation company founded in 2016 by Alexandr Wang and Lucy Guo. The company provides labeled data for training AI applications. Alexandr Wang, the CEO, became the youngest billionaire in 2021 at the age of 24. Scale AI has achieved a valuation of $14 billion in 2024 with investors like Amazon and Meta Platforms.
The company serves major clients such as OpenAI, PayPal, and the U.S. Department of Defense. Despite recent legal challenges, Scale AI continues to lead a crucial role in AI technologies, including autonomous vehicles and generative AI.
AI companies occupy the top spots, with OpenAI leading at a $300B valuation, followed by DataBricks ($62B) and Anthropic ($62B). This highlights the growing importance of AI and space exploration in shaping the future economy.
The AI sector represents a significant portion of the highest-valued startups, including xAI ($50B), Waymo ($45B) and Scale AI ($14B). Specialized AI companies like CoreWeave ($23B) demonstrate the breadth of AI applications showcasing a strong investor appetite for artificial intelligence ventures.
Investment Patterns of Startups
Andreessen Horowitz appears as a lead investor in multiple top companies (SpaceX, Stripe, Databricks). Many companies have raised less in equity funding than their valuation might suggest (e.g., Stripe at $65B valuation with only $9B equity funding). Coatue is the most frequent lead investor, appearing in at least 10 different companies on the list.
SaaS companies like Databricks ($62B), Miro ($18B), and Notion ($10B) continue to attract high valuations due to their scalable business models. Fintech players like Stripe ($65B), Chime ($25B), and Plaid ($13B) show sustained investor interest in financial technology innovation.
Valuation Distribution
5 companies exceed $50B valuation and 26 companies are valued between $10B and $50B.
Most companies (approximately 65%) fall in the $5B-$10B range. The combined valuation of the top 5 companies ($839B) represents roughly 46% of the total value of all companies on the list.
Some companies show remarkable valuation-to-funding ratios, like GoodLeap ($12B valuation with $0 reported funding).
Companies like Miro ($18B valuation with only $476M funding) demonstrate capital efficiency. The average funding-to-valuation ratio appears to be approximately 15-20%, with most companies having raised significantly less than their valuation.
Unlock Your Startup’s True Value with Eqvista
In conclusion, the above data highlights the startup ecosystem in the U.S., with trends towards AI, sustainability, and technologies. Understanding their valuation and equity management becomes crucial as startups grow. Platforms like Eqvista offer solutions for startups, providing fast, affordable, accurate valuations and robust equity management tools.
Whether you’re a pre-seed startup or a unicorn, Eqvista’s services can help navigate the complexities of startup valuation and equity distribution. Contact us today to learn more about our service
