Monday, October 26, 2026 · Edition updated 6:00 AM ETMON, OCT 26 editionNext edition in Next in --:--:--
Intelligence Verdict
AI startups

Law, medicine, finance and defense

AI built for one profession or industry. Each company's last reported valuation, next to what it has actually shipped.

  • 10young companies
  • 8valued at $1 billion or more at their last closed round
  • 0with no public product yet, by our search
10 companies

Who they are, what they've built.

Read Oct 20, 2026. Valuations and amounts are copied as each source states them; open "Founders, funding and notes" on a card for every round and its source.

Helsing

Germany · founded 2021

“Helsing, Europe's leading defence AI company, today announces it has raised $1.8bn in a Series E.” Helsing, company-reported

$18Bvaluation, Series E, Jul 13, 2026

LatestRaised $1.8bn Series E at an $18bn valuation; first reported in May at $1.2bnJul 13, 2026 · The Next Web

Founders, funding and notes
Founders
  • Torsten Reil: co-founder and co-CEO (background not stated in fetched sources) (The Next Web, Jul 13, 2026)
  • Gundbert Scherf: co-founder (background not stated in fetched sources) (The Next Web, Jul 13, 2026)
  • Niklas Köhler: co-founder (background not stated in fetched sources) (The Next Web, Jul 13, 2026)
Funding, as reported
  • Jun 2025, unnamed: €600m, valued at around €12bn (The Next Web, Jul 13, 2026)
  • Jul 13, 2026, Series E: $1.8bn, valued at $18bn. Investors named: Dragoneer Investment Group (lead, per TNW), Lightspeed Venture Partners (co-lead, per TNW), Disruptive, Iconiq, Goldman Sachs Alternatives, JPMorganChase, CPP Investments, General Catalyst, Plural, Stepstone, Prima Materia, Accel, Greenoaks (Helsing, Jul 13, 2026)
Note

Company release names no lead; TNW says Dragoneer led with Lightspeed co-leading. TNW cites no independent verification of HX-2 deployments. About 900 staff (TNW). Daniel Ek and Tom Enders are co-chairmen.

Valuation, Jul 13, 2026 · Description, Jul 13, 2026

Harvey

United States · founded 2022

“Our product provides lawyers with a natural language interface for their existing legal workflows.” Harvey co-founder Gabriel Pereyra, quoted by TechCrunch, company-reported

$15.5Bvaluation, Sep 9, 2026

LatestRaised $550M at a $15.5B valuation; LawNext reports more than 3,000 customers and, per Weinberg on LinkedIn, over $400 million in annual recurring revenueSep 9, 2026 · LawNext

Founders, funding and notes
Founders
  • Winston Weinberg: former securities and antitrust litigator at O'Melveny & Myers (per TechCrunch) (TechCrunch, Nov 23, 2022)
  • Gabriel Pereyra: previously a research scientist at DeepMind, Google Brain and Meta AI (per TechCrunch) (TechCrunch, Nov 23, 2022)
Funding, as reported
  • Nov 23, 2022, unnamed: $5 million. Investors named: OpenAI Startup Fund (lead), Jeff Dean, Elad Gil (TechCrunch, Nov 23, 2022)
  • Mar 25, 2026, unnamed: $200 million, valued at $11 billion (up from $8 billion in December). Investors named: GIC (co-lead), Sequoia (co-lead) (Bloomberg, Mar 25, 2026)
  • Sep 9, 2026, unnamed (TechCrunch says it could be considered a Series F): $550M, valued at $15.5B. Investors named: Diffusion (co-lead), Lightspeed Venture Partners (co-lead), Sapphire Ventures, Whale Rock, Sequoia, Kleiner Perkins, a16z, Coatue, Conviction, Elad Gil, Evantic, GIC, Goldman Sachs Alternatives, Verified Capital, WNDR (Harvey, Sep 9, 2026)
Note

Founding year: LawNext refers to Harvey's '2022 launch'; Harvey emerged from stealth on 2022-11-23 (TechCrunch). Customer and ARR figures are company-reported. Harvey says 80% of Am Law 100 firms use it. The $8 billion December round is mentioned by Bloomberg and TechCrunch but its details were not fetched.

Valuation, Sep 9, 2026 · Description, Nov 23, 2022

OpenEvidence

United States

“Founded by Daniel Nadler, OpenEvidence develops a specialized AI-powered medical search engine” Reuters

$12Bvaluation, Series D, Jan 21, 2026

LatestSeries D of $250 million at $12 billion valuation (latest round verified on a fetched page)Jan 21, 2026 · Reuters

Founders, funding and notes
Founders
  • Daniel Nadler: CEO and co-founder; sold his first startup, Kensho Technologies, to S&P in 2018 (per Forbes Colombia) (Forbes Colombia, Jan 23, 2026)
  • Zachary Ziegler: co-founder; background not stated (Forbes Colombia, Jan 23, 2026)
Funding, as reported
  • Oct 2025, unnamed: roughly $200 million, valued at $6 billion (Reuters (via WDEZ), citing PitchBook, Jan 21, 2026)
  • Jan 21, 2026, Series D: $250 million, valued at $12 billion. Investors named: Thrive Capital (co-lead), DST Global (co-lead) (Reuters, Jan 21, 2026)
Note

Usage figures are company-reported. Forbes Colombia says annualized run rate passed $100 million in 2025, driven by advertising. Founding year not stated: Forbes Colombia says Nadler launched it 'three years ago' (January 2026). A September 2026 Business Insider report of about $250 million at $15 billion (from people familiar) could not be fetched, so it is listed as unverified.

Valuation, Jan 21, 2026 · Description, Jan 21, 2026

Saronic Technologies

United States · founded 2022

“Saronic, a startup developing autonomous ships for defense” TechCrunch

$9.25Bvaluation, Series D, Mar 31, 2026

LatestClosed $1.75 billion Series D at $9.25 billion valuation led by Kleiner PerkinsMar 31, 2026 · Saronic (Medium)

Founders, funding and notes
Founders
  • Dino Mavrookas: co-founder and CEO; former Navy SEAL (per TechCrunch) (TechCrunch, Oct 9, 2023)
  • Doug Lambert: co-founder (company newsroom); background not stated (Saronic newsroom, Oct 20, 2026)
  • Vib Altekar: co-founder (company newsroom); background not stated (Saronic newsroom, Oct 20, 2026)
Funding, as reported
  • Oct 9, 2023, Series A: $55 million. Investors named: Caffeinated Capital (lead), 8VC, Andreessen Horowitz, Lightspeed Venture Partners, Point72 Ventures, Silent Ventures, Overmatch Ventures, Ensemble VC, Cubit Capital, U.S. Innovative Technology Fund (TechCrunch, Oct 9, 2023)
  • Mar 31, 2026, Series D: $1.75 billion, valued at $9.25 billion. Investors named: Kleiner Perkins (lead), Advent International, Bessemer Venture Partners, DFJ Growth, BAM Elevate, 8VC, Caffeinated Capital, Andreessen Horowitz, Elad Gil, Franklin Templeton (Saronic (Medium), Mar 31, 2026)
Note

Founding year inferred from TechCrunch saying Mavrookas launched the company 'last year' (October 2023). The Series B ($175M at $1B) and Series C ($600M) are listed in the company newsroom without dates and are not included. The Navy contract figure is company-reported; not checked against Navy records.

Valuation, Mar 31, 2026 · Description, Oct 9, 2023

Legora

Sweden · founded 2023

“Legora is a collaborative AI platform for legal work” Legora, company-reported

$5.55Bvaluation, Series D, Mar 10, 2026

Reported $10B+ in talks, Aug 13, 2026

LatestReported to be seeking funds at a valuation of more than $10bn; TNW notes 'Legora has not confirmed the raise'Aug 13, 2026 · The Next Web

Founders, funding and notes
Founders
  • Max Junestrand: CEO and co-founder; prior background not stated in fetched sources (Legora, Mar 10, 2026)
Funding, as reported
  • Mar 10, 2026, Series D: $550 million, valued at $5.55 billion. Investors named: Accel (lead), Alkeon Capital, Bain Capital, Firstmark Capital, Menlo Ventures, Sands Capital, Starwood Capital, Salesforce Ventures, Benchmark, Bessemer Venture Partners, General Catalyst, ICONIQ, Redpoint Ventures, Y Combinator (Legora, Mar 10, 2026)
  • Aug 13, 2026, reported talks (not confirmed), valued at more than $10bn (reported) (The Next Web, Aug 13, 2026)
Note

Legora says it serves more than 800 law firms and in-house teams in over 50 markets (company-reported). TNW says the Series D was topped up in April to about $5.6bn. The $10bn figure is unconfirmed and TNW did not name its original source.

Valuation, Mar 10, 2026 · Description, Mar 10, 2026

Abridge

United States · founded 2018

“the first AI-native clinician intelligence platform” Abridge (quoted by Fortune), company-reported

$5.3Bvaluation, Series E extension, Apr 2026

LatestAnnounced Eli Lilly strategic investment, a clinician platform, an NVIDIA co-developed model and an Artisight partnershipJun 11, 2026 · Fortune

Founders, funding and notes
Founders
  • Shiv Rao: cardiologist (per TechCrunch) (TechCrunch, Jun 24, 2025)
Funding, as reported
  • Feb 2025, unnamed: $250 million, valued at $2.75 billion (TechCrunch, Jun 24, 2025)
  • Jun 24, 2025, Series E: $300 million, valued at $5.3B. Investors named: Andreessen Horowitz (lead), Khosla Ventures (TechCrunch, Jun 24, 2025)
  • Apr 2026, Series E extension: $316 million, valued at $5.3 billion (Fortune, Jun 11, 2026)
  • Jun 11, 2026, strategic investment. Investors named: Eli Lilly (Fortune, Jun 11, 2026)
Note

Founded in 2018, before the 2020 cut-off in STARTUPS-SHAPE.md; included only because the brief named it as an example. Drop it if the cut-off is strict. Fortune is not on the trusted-outlet list; figures match TechCrunch's 2025 report where they overlap. The Information-sourced ARR figure in TechCrunch ($117 million contracted ARR, Q1 2025) includes customers not yet onboarded.

Valuation, Jun 11, 2026 · Description, Jun 11, 2026

Hippocratic AI

United States · founded 2023

“Hippocratic AI is a developer of generative AI chatbots and agents that are laser-focused on the healthcare industry.” SiliconANGLE

$3.5Bvaluation, Series C, Nov 3, 2025

LatestSeries C of $126 million at $3.5 billion; company claims over 115 million clinical patient interactions with no safety issuesNov 3, 2025 · Fierce Healthcare

Founders, funding and notes
Founders
  • Munjal Shah: co-founder and CEO; serial entrepreneur who previously founded Health IQ (per Fierce Healthcare) (Fierce Healthcare, Nov 3, 2025)
Funding, as reported
  • Mar 2024, Series A: $53 million (Fierce Healthcare, Nov 3, 2025)
  • Jan 2025, Series B: $141 million (Fierce Healthcare, Nov 3, 2025)
  • Nov 3, 2025, Series C: $126 million, valued at $3.5 billion. Investors named: Avenir Growth (lead), CapitalG, General Catalyst, Andreessen Horowitz, Kleiner Perkins, Premji Invest, John Doerr, Rick Klausner, Universal Health Services, Cincinnati Children's Hospital Medical Center, WellSpan Health (Fierce Healthcare, Nov 3, 2025)
Note

The latest round found is from November 2025, almost a year old; 2026 news was not checked because the search budget ran out. The safety claim ('no safety issues') is the company's own; no independent evaluation or peer-reviewed paper was found on the fetched pages. HLTH gives 2023 as the founding year.

Valuation, Nov 3, 2025 · Description, Nov 3, 2025

Ambience Healthcare

United States

“The AI documentation software records patient appointments, automates documentation with ambient listening” Fierce Healthcare

$1.25Bvaluation, Series C, Jul 29, 2025

LatestSeries C of $243 million at $1.25 billion (latest round verified)Jul 29, 2025 · Fierce Healthcare

Founders, funding, outside checks and notes
Founders
  • Michael Ng: CEO (Fierce Healthcare names him as CEO, not explicitly as founder) (Fierce Healthcare, Jul 29, 2025)
Funding, as reported
  • Feb 2024, Series B: $70 million (Fierce Healthcare, Jul 29, 2025)
  • Jul 29, 2025, Series C: $243 million, valued at $1.25 billion. Investors named: Oak HC/FT (co-lead), Andreessen Horowitz (co-lead), OpenAI Startup Fund, Kleiner Perkins, Optum Ventures, Frist Cressey Ventures, Town Hall Ventures, Smash Capital, Georgian, Founders Circle Capital (Fierce Healthcare, Jul 29, 2025)
Outside checks
  • Cleveland Clinic ran a six-month internal pilot comparing five ambient scribe vendors before signing an exclusive five-year partnership with Ambience (a customer evaluation) (Fierce Healthcare, Jul 29, 2025)
  • KLAS Research 2025 Emerging Solutions Top 20 (#1 for Improving Clinician Experience) and 2026 KLAS/CHIME Trailblazer Award, as listed on the company site (not checked on KLAS's own site) (Ambience Healthcare, 2026)
Note

Funding data is from July 2025 and may be stale. Founding year and founders were not found on fetched pages, so whether it meets the founded-2020-or-later rule is unconfirmed. More than 40 US health systems were customers as of July 2025 (Fierce).

Valuation, Jul 29, 2025 · Description, Jul 29, 2025

Rogo

United States

“AI agents for dealmakers and investors” Axios

$750Mvaluation, Series C, Jan 28, 2026

LatestBarclays, BNP Paribas, Citi Ventures, MUFG and Societe Generale made a strategic investment (amount not disclosed)Sep 10, 2026 · Rogo

Founders, funding and notes
Founders
  • Gabe Stengel: co-founder and CEO; company says its team includes ex-hedge fund analysts, ex-bankers and ex-private equity investors (Rogo, Jan 28, 2026)
  • John Willett: co-founder; leads the London office (per Rogo) (Rogo, Jan 28, 2026)
Funding, as reported
  • Feb 16, 2024, Seed: $7M. Investors named: AlleyCorp (lead), Company Ventures, BoxGroup, ScOp Ventures (Rogo, Feb 16, 2024)
  • Jan 28, 2026, Series C: $75 million, valued at $750 million. Investors named: Sequoia Capital (lead), Henry Kravis, Wells Fargo, Thrive Capital, Khosla Ventures, Tiger Global, J.P. Morgan (Axios, Jan 28, 2026)
  • Apr 29, 2026, Series D: $160M. Investors named: Kleiner Perkins (lead), Sequoia, Thrive Capital, Khosla Ventures, J.P. Morgan Growth Equity Partners, BoxGroup, Mantis VC, Jack Altman, Evantic, Positive Sum (Rogo, Apr 29, 2026)
  • Sep 10, 2026, strategic investment. Investors named: Barclays, BNP Paribas (Opera Tech Ventures), Citi Ventures, MUFG Innovation Partners, Societe Generale, Josh Easterly (Rogo, Sep 10, 2026)
Note

Valued below $1B at its last verified price ($750 million, January 2026). A $2 billion valuation for the April Series D is credited to Bloomberg by secondary sites but was not verified. Founding year not stated: the company's January 2026 post says 'Four years ago', which points to about 2022. Named customers include Rothschild & Co, Jefferies and Lazard (company).

Valuation, Jan 28, 2026 · Description, Jan 28, 2026

Hebbia

United States · founded 2020

“Hebbia, a startup that uses generative AI to search large documents and respond to large questions” TechCrunch

$700Mvaluation, Series B, Jul 9, 2024

LatestSeries B of $130M at about $700M valuation (latest round verified; old)Jul 9, 2024 · TechCrunch

Founders, funding and notes
Founders
  • George Sivulka: sole founder and CEO; started Hebbia while doing a PhD in electrical engineering at Stanford (per TechCrunch) (TechCrunch, Jul 9, 2024)
Funding, as reported
  • Jul 9, 2024, Series B: $130M, valued at about $700M. Investors named: Andreessen Horowitz (lead), Index Ventures, Google Ventures, Peter Thiel (TechCrunch, Jul 9, 2024)
Note

Data is from July 2024 and is stale; no 2025–2026 round was verified because the search budget ran out. TechCrunch reported $13 million ARR at the time of the round, from a source; the CEO declined to comment on revenue. Included as a finance comparison to Rogo; drop if a $1B+ threshold is required.

Valuation, Jul 9, 2024 · Description, Jul 9, 2024