State of the Private Markets: January 2025

Run the Numbers

This is our inaugural State of the Private Markets, a monthly series where we’ll deliver the most compelling valuation, hiring, and revenue insights on pre-IPO candidates. Think of this as your backstage pass to the companies shaping the future before they hit the public markets.

Today we will cover:

* Valuation: The most valuable private tech companies

* Hiring: The fastest hiring companies

* Layoffs: The companies shedding headcount

* Sector specific highlights: This month we check in on Foundational Models, Fintech, and Autonomous Driving

* Company spotlights: This month we check in on DataBricks, Anduril, and Canva

* Fundraising: Recent rounds you should know about

* Execs: Pre IPO CFO hires



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