OpenAI
Stripe
Databricks
Isomorphic Labs
Anthropic
Shield AI
Polymarket
Figure AI
Anduril
Perplexity AI1 Companies that received the most ticket and profile view activity over the last 30
days
| Companies | Robustness Score2 | Chg vs. LR3 | Last Round Date |
|---|---|---|---|
| VAST Data | 3 | +132.1% | Nov-23 |
| Shield AI | 3 | +105.9% | Feb-25 |
| Tensordyne | 5 | +94.2% | Jan-24 |
| Anduril | 7 | +69.4% | Apr-26 |
| Ripple | 3 | +65.1% | Dec-19 |
| Lambda Labs | 3 | +55.6% | Nov-25 |
| Anthropic | 7 | +46.0% | May-26 |
| OpenAI | 6 | +19.8% | Mar-26 |
| Hadrian | 5 | +11.9% | Jul-26 |
| Replit | 5 | +5.2% | Feb-26 |
| Lightmatter | 5 | +3.6% | Oct-24 |
| Databricks | 3 | +0.0% | Jul-26 |
| Reflection AI | 3 | -0.0% | Apr-26 |
| Project Prometheus | 5 | -0.0% | Apr-26 |
| Rippling | 5 | -2.9% | May-25 |
| Perplexity AI | 5 | -4.2% | Jan-26 |
| Ramp | 5 | -4.9% | Oct-26 |
| Harvey AI | 3 | -5.9% | Aug-26 |
| Figure AI | 5 | -7.7% | Aug-25 |
| Tenstorrent | 7 | -14.6% | Nov-25 |
| Medable | 3 | -16.9% | Sep-21 |
| Crusoe Energy | 4 | -27.0% | Aug-26 |
| Polymarket | 3 | -27.1% | Oct-26 |
| Kalshi | 3 | -58.6% | Aug-26 |
2 ZXData Robustness Score is an internally developed metric to assign confidence levels
to the underlying data used in constructing ZXData output metrics. The ZXData Robustness Score is
calculated on a scale of 1 to 10 for each company, based on the number of executed trades, number of
buy and sell orders submitted to ZX and skewness of the order book.
3 ZX Index Value is an internally developed metric that reflects secondary values for
private companies using an algorithmic approach based on the values sourced from ZX and ZXData
partners. The algorithm used to calculate ZX Index Values incorporates both executed transaction
values and bid and ask pricing.
Zanbato’s Equal-Weighted Index, which tracks secondary market performance of ZX’s most actively traded companies, increased 4.5% in October. Among the most active sectors, Data & Analytics is up 1.9% YTD; E-Commerce is down 2.6% YTD; Cybersecurity is up 44.1% YTD; SaaS is down 7.6% YTD; FinTech is up 13.8% YTD; Crypto & Blockchain is down 15.2% YTD; Aerospace & Defense is up 55.4% YTD; AI & Machine Learning is up 51.0% YTD
Overall, ZX’s average bid-ask spread was 12% in October, unchanged from the last 12-month average.
Bids represented 42% of submitted tickets in October, 7% lower than the last 12-month average of 49%.
OpenAI,Stripe, and Databricks were the three most active companies on ZX in October.
On average, the ZX Index Values for October were at a 18.3% premium to the last round price per share.
This report is provided for informational purposes only and does not constitute a recommendation or solicitation to buy or sell any financial instrument or to participate in any trading strategy and should not be construed as such. The values shown in this report are not indicative price quotations. This report does not constitute investment advice, nor does this report constitute a "research report" as defined by FINRA Rule 2241 or a "debt research report" as defined by FINRA Rule 2242.
The ZXData and the information contained in this report, some of which have been obtained from third-party sources, are provided on an "as is" basis and the user of this information assumes the entire risk of any use made of this information. Neither Zanbato Inc. (“Zanbato”) nor its affiliates guarantee the accuracy or completeness of the data contained in this report, or its computation and compilation.
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