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Foundation Models startups (2026)

65 foundation models startups tracked, with the largest concentration in US. Total tracked funding: $293.0B.

🚀
Startups
65
💰
Total raised
$293.0B
🌐
Countries
12
🎟️
Active deals
0

Funding by year — Foundation Models

2019 → 2026
$11M
'19
$1.5B
'21
$1.1B
'22
$23.8B
'23
$27.5B
'24
$80.4B
'25
$156.3B
'26

Top countries

By startup count

Stage breakdown

Latest round type
  • Series B 10
  • Series E 5
  • Series C 5
  • Series A 4
  • Series G 2
  • Strategic 1
  • Series F 1
  • Series E ext 1

Top investors backing Foundation Models

See all →

Top Foundation Models startups by score

View all 65 →
# Company Location Funding Score
1 Ineffable Intelligence London, GB $1.1B
85
2 Anthropic San Francisco, US $67.6B
82
3 OpenAI San Francisco, US $193.3B
80
4 Magic San Francisco, US
80
5 Perplexity San Francisco, US $2.0B
76
6 Liquid AI Boston, US $300M
75
7 Black Forest Labs Freiburg, DE
75
8 Mistral AI Paris, FR $6.3B
66
9 MiniMax Shanghai, CN $2.2B
65
10 Zhipu AI Beijing, CN $1.5B
65
11 Runway New York, US $1.4B
64
12 01.AI Beijing, CN $200M
64

Recent rounds in Foundation Models

All rounds →
Date Startup Round Amount
Apr 2026 Ineffable Intelligence Seed $1.1B
Mar 2026 OpenAI Series E $122B
Mar 2026 Mistral AI Debt $830M
Feb 2026 Runway Series e $315M
Feb 2026 Anthropic Series G $30B
Jan 2026 Skild AI Series c $1.4B
Jan 2026 MiniMax IPO $700M
Oct 2025 Crusoe Series e $1.4B

All Foundation Models startups

Page 1
Ineffable Intelligence logo

Ineffable Intelligence

GB est. 2026

An AI research company building a superlearner to achieve superintelligence through reinforcement learning

Raised
$1.1B
Stage
Seed
85
Anthropic logo

Anthropic

US est. 2021

AI safety lab building Claude — a helpful, harmless, honest AI assistant.

Raised
$67.6B
Stage
S-G
82
OpenAI logo

OpenAI

US est. 2015

Creator of ChatGPT, GPT-4, and the leading frontier AI lab.

Raised
$193.3B
Stage
S-E
80
Magic logo

Magic

US

Building frontier code models to automate software engineering and research.

Stage
GROWTH
80
Perplexity logo

Perplexity

US est. 2022

AI-powered answer engine delivering real-time, cited responses to complex queries.

Raised
$2.0B
Stage
S-F
76
Liquid AI logo

Liquid AI

US est. 2023

Efficient general-purpose foundation models built for edge, on-device, and cloud deployment at every scale.

Raised
$300M
Stage
S-B
75
Black Forest Labs logo

Black Forest Labs

DE est. 2024

Frontier AI research lab for visual intelligence, building production-grade image generation and editing models.

Stage
S-B
75
Mistral AI logo

Mistral AI

Verified
FR est. 2023

Open and efficient foundation models

Raised
$6.3B
Stage
Debt
66
Zhipu AI logo

Zhipu AI

CN est. 2019

Chinese foundation model lab behind ChatGLM and GLM-4.

Raised
$1.5B
Stage
STRATEGIC
65
MiniMax logo

MiniMax

IPO
CN est. 2021

Chinese AI lab behind Hailuo video and Talkie companions.

Raised
$2.2B
Stage
IPO
65
Runway logo

Runway

US est. 2018

Applied AI research for video, image, and 3D.

Raised
$1.4B
Stage
S-E
64
01.AI logo

01.AI

CN est. 2023

Founded by Kai-Fu Lee — maker of the Yi model family.

Raised
$200M
Stage
S-A
64
Moonshot AI logo

Moonshot AI

CN est. 2023

Maker of Kimi — the long-context AI chatbot.

Raised
$300M
Stage
S-B
63
Physical Intelligence logo

Physical Intelligence

Verified
US est. 2023

Foundation models for physical world AI

Raised
$735M
Stage
S-B
63
Skild AI logo

Skild AI

Verified
US est. 2023

Universal AI brain for any robot

Raised
$2.2B
Stage
S-C
60
Safe Superintelligence logo

Safe Superintelligence

Verified
US est. 2024

Building safe superintelligence

Raised
$3B
Stage
S-B
59
Cohere logo

Cohere

Verified
CA est. 2019

Enterprise AI for language understanding

Raised
$1.8B
Stage
SERIES E EXT
58
Rebellions logo

Rebellions

KR est. 2020

Rebellions provides high-performance AI inference infrastructure, enabling efficient and scalable AI deployment for real-world applications.

Raised
$400M
Stage
Pre-S
58
Together AI logo

Together AI

Verified
US est. 2022

The open AI cloud

Raised
$267.5M
Stage
S-C
56
Writer logo

Writer

Verified
US est. 2020

Full-stack generative AI for enterprise

Raised
$321M
Stage
S-C
56
Stability AI logo

Stability AI

GB est. 2020

Open models for image, video, audio, and 3D.

Raised
$101M
Stage
S-A
55
Character.AI logo

Character.AI

US est. 2021

Chat with millions of user-created AI characters.

Raised
$150M
Stage
S-A
55
Fireworks AI logo

Fireworks AI

Verified
US est. 2022

Production-grade generative AI serving

Raised
$285M
Stage
S-C
55
Groq logo

Groq

Verified
US est. 2016

Fastest AI inference on the planet

Raised
$2.3B
Stage
S-E
53