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The next phase of the private tech market is already taking shape, and some of the most important signals are emerging well before companies file to go public or announce their next major move.

Our recent reporting shows just how quickly those trajectories are diverging. Anthropic is considering letting some shareholders sell stock in what could be a blockbuster IPO, while also weighing a longer-than-usual lockup period after its listing.

Meanwhile, Cognition’s annualized revenue has reached $900 million, tripling this year even as the AI coding startup’s cash burn could reach $800 million. And SoftBank is in talks to buy a majority stake in humanoid robotics startup 1X at a $6 billion valuation.

Together, the stories show companies at very different stages making high-stakes decisions about growth, capital and what comes next.

These are the kinds of consequential shifts The Information focuses on before they become obvious to the rest of the market.

Behind the headlines is a broader question investors, founders and operators are watching closely: Which companies and investors are shaping tech’s next cycle?

Our IPO Tracker follows the most notable private tech companies moving toward the public markets, tracking their plans, progress and outlook as market conditions change.

And with Venture Capital’s Rising Leaders 2026, Pro subscribers can see the investors already gaining influence, leading deals and sourcing opportunities others may miss before they become the next generation of general partners.

Subscribe to The Information Pro today for $999 $749 and save 25% on the first year to access both resources.

This exclusive coverage helps readers monitor:

• The companies most likely to go public next
• Which IPO candidates are gaining momentum and which are pulling back
• How performance, market conditions and investor appetite are shaping each company’s path
• The rising venture investors gaining influence across the industry

Why this matters:

• Spot the signals: IPO plans, private-company performance and investor activity reveal where confidence is building across tech.
• Follow the capital: Public listings and emerging venture leaders can reshape valuations, investor flows and competitive dynamics.
• See what’s next: Track which companies are approaching the public markets and which investors are positioning themselves around the next generation of winners.

Tech’s exit pipeline is becoming one of the market’s most important stories to watch. Knowing which companies are moving closer to a debut—and which investors are finding the next breakout opportunities—gives you an edge.

Subscribe to The Information Pro today for $749 and save 25% on the first year to access the IPO Tracker, org charts of 60+ companies, exclusive AI data center and chip databases, and more.