{
  "title": "Most valuable private companies",
  "asOf": "2026-09-20",
  "unit": "USD billions",
  "publisher": "Unicorn Private Research",
  "note": "Latest reported valuations, not market prices.",
  "companies": [
    {
      "rank": 1,
      "name": "Anthropic",
      "valuation_usd_billion": 965,
      "valuation_date": "May 2026",
      "country": "United States",
      "sector": "Artificial intelligence",
      "source": "https://www.cnbc.com/2026/05/28/anthropic-open-ai-startup-value.html",
      "note": "Reported valuation after its latest funding round."
    },
    {
      "rank": 2,
      "name": "OpenAI",
      "valuation_usd_billion": 852,
      "valuation_date": "March 2026",
      "country": "United States",
      "sector": "Artificial intelligence",
      "source": "https://en.wikipedia.org/wiki/List_of_unicorn_startup_companies",
      "note": "Sources cite different figures for its last round. Forbes reported on 16 Sep 2026 unconfirmed talks at up to $1.5 trillion."
    },
    {
      "rank": 3,
      "name": "ByteDance",
      "valuation_usd_billion": 600,
      "valuation_date": "April 2026",
      "country": "China",
      "sector": "Internet",
      "source": "https://en.wikipedia.org/wiki/List_of_unicorn_startup_companies",
      "note": ""
    },
    {
      "rank": 4,
      "name": "Databricks",
      "valuation_usd_billion": 190,
      "valuation_date": "August 2026",
      "country": "United States",
      "sector": "Data and AI software",
      "source": "https://www.cnbc.com/2026/08/13/databricks-funding-round-190-billion-valuation.html",
      "note": "$5 billion round reported by CNBC on 13 Aug 2026."
    },
    {
      "rank": 5,
      "name": "Stripe",
      "valuation_usd_billion": 159,
      "valuation_date": "February 2026",
      "country": "United States and Ireland",
      "sector": "Payments infrastructure",
      "source": "https://en.wikipedia.org/wiki/List_of_unicorn_startup_companies",
      "note": ""
    },
    {
      "rank": 6,
      "name": "Revolut",
      "valuation_usd_billion": 75,
      "valuation_date": "November 2025",
      "country": "United Kingdom",
      "sector": "Financial technology",
      "source": "https://en.wikipedia.org/wiki/List_of_unicorn_startup_companies",
      "note": ""
    },
    {
      "rank": 7,
      "name": "Shein",
      "valuation_usd_billion": 66,
      "valuation_date": "May 2023",
      "country": "China",
      "sector": "E-commerce",
      "source": "https://en.wikipedia.org/wiki/List_of_unicorn_startup_companies",
      "note": "Older than 12 months."
    },
    {
      "rank": 8,
      "name": "Anduril Industries",
      "valuation_usd_billion": 61,
      "valuation_date": "May 2026",
      "country": "United States",
      "sector": "Defense technology",
      "source": "https://en.wikipedia.org/wiki/List_of_unicorn_startup_companies",
      "note": ""
    },
    {
      "rank": 9,
      "name": "Canva",
      "valuation_usd_billion": 42,
      "valuation_date": "October 2024",
      "country": "Australia",
      "sector": "Design software",
      "source": "https://en.wikipedia.org/wiki/List_of_unicorn_startup_companies",
      "note": "Older than 12 months."
    },
    {
      "rank": 10,
      "name": "Project Prometheus",
      "valuation_usd_billion": 41,
      "valuation_date": "June 2026",
      "country": "United States",
      "sector": "Artificial intelligence",
      "source": "https://en.wikipedia.org/wiki/List_of_unicorn_startup_companies",
      "note": ""
    },
    {
      "rank": 11,
      "name": "Figure AI",
      "valuation_usd_billion": 39,
      "valuation_date": "September 2025",
      "country": "United States",
      "sector": "Humanoid robotics",
      "source": "https://en.wikipedia.org/wiki/List_of_unicorn_startup_companies",
      "note": ""
    },
    {
      "rank": 12,
      "name": "Ramp",
      "valuation_usd_billion": 32,
      "valuation_date": "November 2025",
      "country": "United States",
      "sector": "Financial technology",
      "source": "https://en.wikipedia.org/wiki/List_of_unicorn_startup_companies",
      "note": ""
    },
    {
      "rank": 13,
      "name": "Safe Superintelligence",
      "valuation_usd_billion": 32,
      "valuation_date": "April 2025",
      "country": "United States and Israel",
      "sector": "Artificial intelligence",
      "source": "https://en.wikipedia.org/wiki/List_of_unicorn_startup_companies",
      "note": "Older than 12 months."
    },
    {
      "rank": 14,
      "name": "Epic Games",
      "valuation_usd_billion": 31.5,
      "valuation_date": "June 2022",
      "country": "United States",
      "sector": "Video games",
      "source": "https://en.wikipedia.org/wiki/List_of_unicorn_startup_companies",
      "note": "Older than 12 months."
    }
  ]
}