AI startups top DeFiLlama’s pre-IPO list as private valuations double
DeFiLlama data shows that many pre-IPO tech firms have witnessed their private valuations more than double in the past year, with AI companies now occupying the top two places on DeFiLlama’s board.
The ranking sends a strong message to the worldwide AI industry. The largest sources of private capital are gravitating toward frontier model developers and the infrastructure that supports them.
DeFiLlama is known for monitoring decentralized finance protocols and is now tracking 182 pre-IPO companies. Anthropic and OpenAI top the list, and other AI-involved companies make some of the biggest one-year valuation gains.
AI names crowd the top of the board
Many pre-IPO tech companies have seen their private market valuations more than double in the past year.
— DefiLlama.com (@DefiLlama) August 27, 2026
182 pre-IPO companies now tracked on DefiLlama. pic.twitter.com/6BCK5R2lMH
Anthropic leads the ranking with an estimated $1.38 trillion valuation after a 716.89% one-year jump. OpenAI follows at about $900.29 billion, up 140.08%.
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