SECTORS

Models

Companies in the Models layer of the AI stack, including all of its sub-sectors.

Companies

#	Company	Sector	Country	Revenue	Valuation	Cumulative funding
1	Huawei	LLMs	China	$139B	—	—
2	Tencent	LLMs	China	$118B	—	—
3	Anthropic	LLMs	United States	$67B	$965B	$65B
4	OpenAI	LLMs	United States	$50B	$1400B	$65B
5	Kuaishou	Video models	China	$20B	—	—
6	Baidu	LLMs	China	$18B	—	—
7	iFlytek	Audio models	China	$1.1B	—	—
8	DeepSeek	LLMs	China	$1B	$71B	$14B
9	Moonshot AI	LLMs	China	$1B	$50B	$8.3B
10	SenseTime	LLMs	China	$866M	—	$14M
11	MiniMax	LLMs	China	$800M	$4B	$2B
12	Kunlun Tech	LLMs	China	$700M	—	$43M
13	Mistral AI	LLMs	France	$400M	$23B	$3.3B
14	Z.ai	LLMs	China	$284M	—	$20B
15	Cohere	LLMs	Canada	$240M	$6.8B	$970M
16	Black Forest Labs	Image models	United States	$100M	—	$33M
17	WorldEngine	Models	United States	$100M	—	—
18	Augment	Code models	United States	$100M	—	$110M
19	Venice	LLMs	United States	$100M	$1B	$65M
20	Deepgram	Audio models	United States	$100M	$1.3B	$130M
21	TypeSafe	LLMs	United States	$100M	—	—
22	Codeium	Code models	United States	$82M	$1.3B	$150M
23	Applied Compute	LLMs	United States	$50M	—	—
24	OpenCode	Code models	United States	$40M	—	—
25	Aisphere	Video models	China	$40M	—	$60M