Unicorn Private Research
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Sources and method

Where do our unicorn valuations come from? From public documents we can link. Company announcements, such as Anthropic's Series H at 965 billion dollars (Anthropic, 28 May 2026). SEC filings, such as Anthropic's public S-1 of 26 October 2026 (SEC EDGAR). The unicorn lists of CB Insights, Crunchbase, Dealroom and PitchBook. And named press reports from CNBC, Reuters or Bloomberg. Every figure carries the date of its source, and a report that rests on unnamed people is marked as unconfirmed.

Every factual figure on this site comes from a public source listed below, at the date stated on the page. When sources disagree, we say so instead of choosing one.

Method

Sources

  1. Initial public offering of SpaceX, Wikipedia
  2. SpaceX (SPCX) launches historic IPO, Nasdaq
  3. SpaceX pricing announcement of initial public offering (PDF)
  4. List of unicorn startup companies, Wikipedia
  5. Anthropic tops OpenAI as most valuable AI startup, CNBC, 28 May 2026
  6. Anthropic hits $965B valuation with latest funding round, The Hill
  7. Anthropic bests OpenAI in valuation race, hitting $965B, Morningstar
  8. Databricks wraps $5 billion funding round at $190 billion valuation, CNBC, 13 Aug 2026
  9. OpenAI is reportedly weighing new funding round at $1.5 trillion valuation, Forbes, 16 Sep 2026
  10. Informed Investor Advisory: Unicorns, NASAA
  11. Pre-IPO, Wikipedia
  12. Morningstar PitchBook Unicorn 20 Index, Morningstar Indexes
  13. Accredited investor, Investor.gov glossary
  14. How unicorns know when an IPO is the right strategic option, EY
  15. Pre-IPO Investment Scams, Investor Alert, SEC Office of Investor Education and Advocacy, 7 June 2024
  16. Know the Risks of Pre-IPO Funds and Potential Fraud, FINRA, 18 August 2026
  17. Accredited Investors, SEC, last updated 24 April 2026
  18. Informed Investor Advisory: Private Placement Offerings, NASAA, updated May 2020
  19. The Complete List Of Unicorn Companies, CB Insights
  20. Unicorn companies, Dealroom, September 2026
  21. The Crunchbase Unicorn Board, 22 September 2026
  22. Unicorn startups list and trends, PitchBook, 2 February 2026
  23. Introducing Venture Growth, PitchBook Analyst Note, 1 December 2022
  24. The Venture Capital Risk and Return Matrix, Industry Ventures, 7 February 2017
  25. Venture Capital, We're Still Not Normal, Correlation Ventures, 13 July 2023
  26. H1 2026 Secondary Market Review, Evercore Private Capital Advisory, July 2026
  27. 2025 Global Secondary Market Review, Jefferies, 10 February 2026
  28. Anthropic raises $65B Series H at $965B valuation, Anthropic, 28 May 2026
  29. Anthropic raises $30B Series G at $380B post-money valuation, Anthropic, 12 February 2026
  30. Anthropic files confidential S-1, Yahoo Finance, 1 June 2026
  31. Anthropic IPO could hit $2 trillion and put public investors last, Forbes, 17 September 2026
  32. OpenAI IPO looks like a no-go: Sam Altman is discussing a new round of VC funding valuing the company at $1.2 trillion, Fortune, 16 September 2026
  33. Databricks IPO outlook: $190 billion valuation, 80% growth, and the Snowflake comparison, Investing.com, 13 August 2026
  34. Stripe publishes 2025 annual letter and announces tender offer to provide liquidity to current and former employees, Stripe, 24 February 2026
  35. Stripe valued at $159 billion after tender offer for employees, shareholders, CNBC, 24 February 2026
  36. Revolut eyes valuation of up to $200B in eventual IPO, TechCrunch, 21 April 2026
  37. ByteDance valuation surges to $550 billion in stake sale, Reuters, 25 February 2026
  38. Anduril raises $5B, doubles valuation to $61B, TechCrunch, 13 May 2026
  39. Anduril reportedly in talks to raise funding at $100B valuation, TechCrunch, 24 July 2026
  40. Anduril doubles valuation to over $60 billion as defense tech funding boom continues, CNBC, 13 May 2026
  41. Canva gives itself a $65 billion valuation, closing in on Atlassian, Startup Daily, 20 August 2025
  42. Shein targets $27 billion Hong Kong IPO, a fraction of its 2022 valuation, CNBC, 24 August 2026
  43. Fast-fashion giant Shein's shares drop 9% in Hong Kong market debut, CNBC, 1 September 2026
  44. HKEX enhances product offering with SHEIN debut, Hong Kong Exchanges and Clearing, 28 August 2026
  45. Bezos' AI startup Prometheus raises $12B at $41B valuation, GeekWire, 11 June 2026
  46. Prometheus, Jeff Bezos' AI startup, is now worth $41 billion, Axios, 11 June 2026
  47. Jeff Bezos is reportedly becoming a CEO again, for a $6.2 billion AI startup called Project Prometheus, Fortune, 17 November 2025
  48. Figure exceeds $1B in Series C funding at $39B post-money valuation, Figure AI, 16 September 2025
  49. Ramping Figure 03 production, Figure AI, 29 April 2026
  50. Is the CEO of humanoid startup Figure AI exaggerating his startup's work with BMW, Fortune, 6 April 2025
  51. Figure AI sent cease-and-desist letters to secondary market brokers, TechCrunch, 29 April 2025
  52. Ramp raises Series F at $44 billion valuation, Ramp, 4 June 2026
  53. Ramp raises $750M at $44B valuation as investors hunger for fintechs with an AI story, TechCrunch, 4 June 2026
  54. Ramp hits $32B valuation, just 3 months after hitting $22.5B, TechCrunch, 17 November 2025
  55. Ramp eyes $60 billion valuation just months after Series F, PYMNTS, 8 September 2026
  56. OpenAI co-founder Ilya Sutskever's Safe Superintelligence reportedly valued at $32B, TechCrunch, 12 April 2025
  57. Ilya Sutskever's Safe Superintelligence partners with Nvidia to scale its AI research, TechCrunch, 27 July 2026
  58. Safe Superintelligence CEO Daniel Gross joins Meta's new AI lab, SiliconANGLE, 3 July 2025
  59. Epic raises $2B at a nearly $32B valuation to build its kid-friendly metaverse, TechCrunch, 11 April 2022
  60. Epic Games Store 2025 year in review, Epic Games, 3 February 2026
  61. Fortnite financial loss leads to over 1,000 layoffs at Epic, Forbes, 24 March 2026
  62. Epic v. Apple trial offers rare look into Epic financials, Game Developer, 3 May 2021
  63. Anthropic warns investors against secondary platforms offering access to its shares, TechCrunch, 12 May 2026
  64. Nasdaq invests $100 million in Kraken parent company Payward at $21 billion valuation, CoinDesk, 10 September 2026
  65. Q2 2026 financial highlights, Payward, 14 August 2026
  66. Kraken announces confidential submission of draft registration statement for a proposed initial public offering, Kraken, 19 November 2025
  67. Kraken parent Payward delays IPO to second quarter of 2027 at earliest, CoinDesk, 2 September 2026
  68. Kraken to discontinue unregistered offer and sale of crypto asset staking-as-a-service program and pay $30 million to settle SEC charges, SEC, 9 February 2023
  69. Ripple's share buyback program values the firm at $50 billion, CoinDesk, 11 March 2026
  70. Ripple announces $500 million strategic investment led by Fortress and Citadel Securities, valuing the company at $40 billion, Ripple, 5 November 2025
  71. Why Ripple's rosy $50bn valuation raises more questions than answers, DL News, 13 March 2026
  72. SEC v. Ripple Labs, litigation release 26369, SEC, 7 August 2025
  73. Q1 2025 XRP markets report, Ripple, 5 May 2025
  74. Our Series E: building the global infrastructure of work, Deel, 20 October 2025
  75. Deel crosses $1.5 billion ARR, strengthening IPO credentials, CTech, 3 August 2026
  76. Rippling announces Series G fundraising and tender offer, Rippling, May 2025
  77. Rippling bans former employees who work at competitors from its tender offer stock sale, TechCrunch, 7 June 2024
  78. People Center, Inc. v. Deel, Inc., complaint, United States District Court for the Northern District of California, filed 17 March 2025
  79. Order on motions to dismiss, People Center, Inc. v. Deel, Inc., No. 3:25-cv-02576-CRB, 23 February 2026
  80. Deel files countersuit against Rippling as rivalry escalates, TechCrunch, 25 April 2025
  81. Deel's counterclaims against Rippling, Deel, 25 April 2025

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