On the record, no date set
June 2021 to May 2026 · May 2026 to July 2026 · July 2026 · July 2026 to August 2026 · August 2026, part 1 · August 2026, part 2 · August 2026 to September 2026 · September 2026 · No date set
| Company | Our call | Checkable from | Checkpoint |
|---|---|---|---|
| /dev/fast | Losing its protection | within 6 months post-Demo Day | Product graduation from alpha/invite-only to general availability, or a Series A announcement |
| AbacusLaw | Little protection left | 6-12 months out | THL's expected sale or restructuring of the ProfitSolv/CARET portfolio |
| AbeBooks | Losing its protection | within 12-18 months | Any Amazon Books-division layoffs or cost-cutting announcement |
| Advan Research | Losing its protection | within 12-18 months | Placer.ai shipping a T+1 or finance-grade high-frequency product |
| Adzuna | Losing its protection | within 12 months | Any announcement of a new funding round or strategic investor, first since 2018 |
| AfterNext Acquisition I Corp. | Little protection left | 18-24 months after IPO closes | Trust-account liquidation deadline if no merger agreement is signed post-IPO |
| AgBiome | Little protection left | ongoing | Any recruiting activity under the AgBiome name should be checked against Ginkgo Bioworks or Certis Biologicals as the real employer |
| AgentSync | Protection under test | within 12-18 months | Salesforce ships a vertical Agentforce SKU or agentic compliance feature for insurance producers |
| Agnikul Cosmos | Losing its protection | no confirmed date, targeted within 12-18 months | Agnikul's Mission-02 orbital launch and booster recovery attempt |
| Alloy | Defensible for now | next 12-18 months | Verification of the rumored 2025 Series D at $1.6B, or confirmation it is just the stale 2022 round restated |
| Almanac | Little protection left | ongoing | No further product-level events possible; watch for founder's Blaze AI news or brand confusion with unrelated YC-2026 'Almanac' |
| Antigen | Little protection left | next 6-12 months | Window to land a first compliance certification or referenceable customer before incumbents finish absorbing the category |
| Applied Compute | Losing its protection | next 6-12 months | Whether DoorDash, Harvey, Cognition, Mercor, or Bridge sign with OpenAI's Deployment Company or Anthropic's Ode |
| Apptronik | Losing its protection | within 12-18 months | Whether Mercedes-Benz or GXO convert pilot programs into signed multi-year production contracts |
| Aprimo | Losing its protection | next 12-18 months | Adobe's renewal win rate among Aprimo's regulated enterprise accounts becomes visible |
| Aptera Motors | Little protection left | next 2-3 quarters | Deadline to close $45-50M strategic financing before cash and Nasdaq listing compliance run out |
| Apus Group | Little protection left | unscheduled | Any fresh funding round, audited revenue disclosure, or new APUS LLM release breaking the post-2017 silence |
| Arc.dev | Little protection left | within 6-12 months | Any new institutional funding round or audited growth disclosure after 5 years of silence |
| Arevo | Little protection left | unspecified, watch Stratasys earnings calls | Possible Stratasys announcement folding Arevo's IP into a shipped product line |
| Arturo | Losing its protection | within 6-12 months | Next funding round or bridge financing terms become known |
| Aspire Software | Defensible for now | within 6 months | ServiceTitan next quarterly earnings report and any Aspire-specific AI roadmap or rebrand announcement |
| Assembled | Losing its protection | next 6-12 months | Whether Assembled announces a new priced funding round or loses renewals to NICE/Salesforce bundles |
| Assembly | Little protection left | unspecified, watch next 6 months | Quantum Workplace's own exit event (resale, recap, or IPO), which decides if Assembly survives as a brand |
| AssemblyAI | Losing its protection | next 12 months | Series D funding round or valuation reset, following 2.5 years of silence since Series C |
| Athena Home Loans | Losing its protection | unspecified, watch FY26 | REA Group's decision on converting its 19.9% stake into a full acquisition |
| Axiom Math | Losing its protection | next 12 months | Whether Axiom names a paying enterprise customer with disclosed ARR in a regulated vertical |
| Axis | Protection under test | 12-18 months | First named paid pilot logo, or a rival ETRM vendor shipping a native AI copilot inside a desk |
| Bajaj Auto | Defensible for now | Q3 FY27 | Resolution of KTM strategic-partner search and Q2 FY27 earnings showing EV share trend |
| BharatPe | Losing its protection | FY27-FY28 | Unity SFB stake-sale outcome and FY26 statutory profitability results, both needed before any DRHP filing |
| Biteable | Little protection left | next 6 months | Any funding, acquisition, or wind down announcement |
| Bitwise Asset Management | Losing its protection | next 6-12 months | BlackRock or Fidelity filing single asset altcoin ETPs (Solana, Avalanche, Hyperliquid) |
| Bolna AI | Losing its protection | unclear, flagged as imminent by investors | Sarvam AI's Samvaad self-serve launch |
| Booko | Losing its protection | 12-18 months | Mindbody/Boulevard native pricing features maturing from described to default for their installed base |
| Bordrin Motors | Little protection left | N/A | No scheduled event; only a revived entity or confirmed asset sale under the Bordrin name would change this |
| Businessmap (Kanbanize) | Losing its protection | ongoing watch | Any visible churn of named customers like GE Aviation or T-Systems Iberia to Jira Align or Planview |
| Canberra Data Centres (CDC) | Hard to displace | FY28 | First tranche of 555MW hyperscaler capacity comes online |
| Carzone | Losing its protection | next 6-12 months | Any resumed New Carzone disclosure: funding round, IPO filing, or Alibaba automotive-strategy update |
| Casa Systems | Little protection left | N/A | No corporate events remain; monitor successor units Axyom.Core (Lumine) and Aurora Networks (Vistance) separately |
| Celer Network | Little protection left | watch ongoing, no fixed date | Fourth front-end or DNS hijack incident, or CELR exchange delisting given thin ~$2.4M daily volume |
| Cgtz | Little protection left | No date set | Any Chinese-language filing confirming wind-down, conversion, or absorption of the entity |
| Chaitin Tech | Losing its protection | next 6-12 months | Possible IPO filing on STAR Market or HKEX with disclosed revenue |
| Chan Zuckerberg Initiative | Losing its protection | 12 to 18 months | Independent validation of CZI's virtual-cell AI models against reproducible results |
| Chargebee | Losing its protection | next 6-12 months | Evidence of AI-native customer wins or losses between Chargebee and Stripe/Metronome |
| China Aerospace Science and Industry Corporation (CASIC) | Hard to displace | within 12 months | Anti-corruption inspections that already sacked executives at CASC and NORINCO could reach CASIC leadership |
| China Electronics Technology Group Corporation (CETC) | Hard to displace | next 6-12 months | Possible further U.S. Entity List actions against CETC subsidiary institutes |
| ChinaCache International Holdings | Little protection left | unscheduled, watch ongoing | Any SEC filing resuming reporting, a reverse split, or a formal dissolution notice |
| ChinaHR.com | Little protection left | next 6-12 months | 58.com portfolio decision on consolidating or winding down legacy sub-brands like ChinaHR |
| Choco | Losing its protection | within 12 months | Choco's next funding round, up or down, after four years flat at $1.2B |
| Cincinnati Bell (altafiber) | Hard to displace | within 6 months of filing | FCC decision on Nexstar retransmission ruling review, which could raise altafiber's video costs |
| Cobalt.io | Losing its protection | within 6-12 months | Any announcement of new equity funding, sale, or down-round for Cobalt |
| CoinFund | Losing its protection | within 12 months | CoinFund's next venture fund raise (Seed V or Ventures II) closes or stalls |
| Comet ML | Losing its protection | next 12 months | Whether Comet closes a new funding round after 4.5 years since its last raise |
| Computer Task Group (CTG) | Protection under test | next 2-4 quarters | First disclosed revenue or named customer wins from Hippocratic AI / Project GLORIA partnerships |
| ContentSquare | Losing its protection | within 12 months | Next funding round or IPO signal, four years after the last $5.6B mark |
| Coya | Little protection left | n/a | None dated; only watch item is further Getsafe distress or brand confusion with Nasdaq's Coya Therapeutics |
| Cyient | Losing its protection | Q4 FY27 | Q4 FY27 results, testing 15% EBIT margin target and DET growth vs LTTS/KPIT |
| Cynet | Losing its protection | 12-18 months | Resolution of whether Cynet raises a new priced round or goes 5+ years without one |
| D-ID | Protection under test | next 6-12 months | Whether D-ID announces a new funding round or claims profitability |
| DT Dream | Little protection left | next 12 months | Window to show a new funding round, named anchor customer, or AI repositioning before stall signal hardens |
| Dagong Global Credit Rating | Losing its protection | Next 6-12 months | Watch for another CSRC/NAFMII enforcement action, given near-annual sanctions since 2018 |
| Daqstra | Protection under test | within 12-18 months | Window closes if National Instruments or Keysight ships a cross-vendor AI orchestration or copilot feature |
| Data Patterns (India) Limited | Hard to displace | within 12-18 months | Super Sukhoi radar decision: HAWK-I 2700 vs DRDO's Virupaksha |
| Depositphotos | Losing its protection | Q3/Q4 FY26 | Cimpress Q3/Q4 FY26 earnings call for any portfolio review or divestiture language on Depositphotos |
| DianRong | Little protection left | unscheduled, watch ongoing | Any 2025-2026 filing, funding, license grant, or dissolution notice naming DianRong |
| DiligenceSquared | Losing its protection | next 12 months | Whichever startup locks named PE-fund logos into multi-year system-of-record contracts first |
| Ditto Biosciences | Losing its protection | unspecified, watch next 12 months | First peer-reviewed or preprint validation of a Ditto-discovered candidate showing in vivo efficacy |
| Dream11 | Little protection left | unscheduled, case pending | Supreme Court ruling on the constitutional challenge to the Online Gaming Act, 2025 |
| Dune Analytics | Losing its protection | next 6-12 months | Whether Dune closes a new funding round and at what valuation |
| E2B | Losing its protection | next 12 months | Whether named customers move workloads to AWS AgentCore or Google GKE Agent Sandbox, or E2B lands as default sandbox in an OpenAI or Anthropic SDK |
| Edison Trends | Protection under test | unscheduled, watch ongoing | Any FTC or state AG move on email-receipt data brokering consent rules |
| Edpuzzle | Losing its protection | unspecified, watch ongoing | Google Classroom or Canvas shipping a native AI video-quiz tool |
| Enable | Losing its protection | within 12 months | Next priced funding round or acquisition, first since Nov 2023 Series D |
| Entrego | Little protection left | unscheduled, watch for filing | Any formal dissolution or liquidation filing under Philippine corporate law, or a named relaunch with capital |
| Exelon | Hard to displace | within 12 months | PECO refiled rate case decision and Maryland/New Jersey rate reviews |
| FXhome (HitFilm) | Little protection left | No date set | Any Artlist announcement on folding FXhome's compositing or tracking tech into its own AI tools |
| Factory | Losing its protection | next 12 months | Whether Morgan Stanley, Nvidia, or EY tier accounts renew with Factory versus switching to native lab agents |
| Fanatical | Losing its protection | within 6-18 months | Mainstream AI shopping agents shipping native game price comparison |
| Feather Insurance | Losing its protection | next 6-12 months | Window to announce a new funding round following the stale June 2024 Series A |
| Fernstone | Losing its protection | next 12-18 months | Whether Fernstone shows real vertical lock-in in trades before Vouch/Newfront move downmarket or Kinro/Hedge scale further |
| Filestage | Losing its protection | within 6-12 months | Whether Adobe or Microsoft ship native AI compliance/brand-check review features into their suites |
| Finaeo | Little protection left | unscheduled | Any confirmed funding round, acquisition, or LinkedIn headcount recovery |
| Fleetio | Hard to displace | watch ongoing, no confirmed date | Samsara or Motive shipping a native maintenance module with its own shop-authorization network |
| Flexe | Losing its protection | within 6 to 12 months | Flexe's next funding round or a Stord anchor-account win that pulls a Fortune 500 customer away |
| Flip | Losing its protection | next 6-12 months | Flip Kasir plus Paytm Soundbox rollout beyond Jakarta pilot into multi-city merchant adoption |
| Flock Freight | Losing its protection | within 12 months | Next funding round (Series F) signals whether flat valuation trend reverses |
| Florin | Little protection left | within 12-18 months | Mercury's conditional OCC national bank charter converting to a full charter |
| Fountain | Losing its protection | next 12 months | Renewal talks at Chipotle, Uber, and Deliveroo where Workday/Paradox and SAP now compete directly |
| FutureLearn | Little protection left | within 6 months | FY2024/25 Companies House filing showing whether GUS ownership stopped the losses |
| Geekbot | Little protection left | next 6-12 months | Watch for Slack Workflow Builder or Teams Copilot to ship a native AI standup feature |
| General Datatech (GDT) | Losing its protection | 12-24 months | H.I.G. Capital nears typical 5 to 7 year hold mark, raising odds of a sale or recap |
| GojiberryAI | Losing its protection | within 12-18 months | Clay ships or announces native outbound execution on its data layer |
| Guru.com | Little protection left | unscheduled, watch ongoing | Any public funding round, acquisition, or leadership change that reveals Guru's actual financial health |
| HEYTEA | Losing its protection | within 12-24 months | Hong Kong IPO pricing, which will set a fresh valuation against the 2021 $9B mark |
| HYPR | Protection under test | next 6-12 months | HYPR's next funding round or acquisition decision window |
| Habi | Losing its protection | within 12-18 months | Next equity financing round, which would confirm or reset the $1B valuation |
| HackerRank | Losing its protection | 6-12 months | Next funding round or disclosed valuation change since the 2022 raise |
| Halborn | Losing its protection | next 6-12 months | Whether Halborn raises a new funding round after 4 years of silence since its 2022 Series A |
| Harness | Hard to displace | within 12-18 months | Whether GitHub's Copilot coding agent expands from code generation into deployment and governance features |
| Heartbeat | Little protection left | next 6 months | Any public statement from Brian Freeman on Heartbeat's status, or a shutdown/rebrand notice |
| Height | Little protection left | unscheduled | Founder Michael Villar could launch a new venture, none reported yet |
| Helix | Losing its protection | 12 months | Next funding round or disclosure of data-licensing margins, first since the 2021 Series C |
| HelloTalk | Losing its protection | unannounced | Any new funding round, acquisition signal, or Duolingo peer-exchange feature launch |
| Hex Security | Protection under test | 12-18 months | Window for Hex to land a named, multi-year enterprise customer before rivals launch a cheap SMB tier |
| Hired | Little protection left | within 6-12 months | Adecco/LHH decision on whether the Hired brand survives as a distinct line or gets retired |
| Hopper HQ | Little protection left | unspecified, historically sudden | Any Meta, TikTok, or X policy change restricting third-party API access or publishing |
| HuiMin | Little protection left | unscheduled, TBD | Confirmation or denial of the claimed but unverified late-2023 Series D funding round |
| Hummingbird RegTech | Losing its protection | within 6 to 12 months | Whether Hummingbird closes a new funding round or shows up in acquisition talks |
| Huscarl | Losing its protection | within 12-18 months | Whether Huscarl converts its FAANG lead into a named, signed customer |
| HyperProbe | Losing its protection | next 2-3 quarters | Anthropic, OpenAI, or Cursor roadmap updates on native agent runtime tools |
| Hyperscience | Losing its protection | within 12 months | Next funding round or recap, which will show if investors still back the 2021 valuation |
| Imagine AI | Losing its protection | within 18-24 months | Window closes if Lempire or Clay ship team-coordination plus CRM write-back features first |
| InVision | Little protection left | Unscheduled | Any residual IP, brand, or entity sale would be the only event left to track |
| Injective | Protection under test | timeline unspecified, possibly months | SEC decision on Injective's TA-1 transfer-agent registration filed July 16, 2026 |
| Instabug | Protection under test | next 12 months | Whether Firebase Crashlytics expands Gemini insights into session replay and in-app feedback |
| Inxeption | Little protection left | Unscheduled, watch item only | Any confirmed asset sale, acquihire, or relaunch that overturns the shutdown finding |
| Ipsen | Defensible for now | within 12 to 24 months | Onivyde patent litigation ruling (New Jersey district court and PTAB IPR2025-00505) |
| Iron Ox | Little protection left | None scheduled | Whether any surviving indoor-farming peer, such as Plenty or Bowery, finds a non-commodity crop or licensing model that field ag can't match |
| Isengard Industries Inc | Protection under test | within 12-18 months | First named sovereign-production or procurement contract with an allied government (Poland, Germany, Ukraine, Taiwan) |
| JMGO | Losing its protection | within 12-18 months | Possible STAR Market IPO filing or OPPO acquisition announcement |
| JobDiva | Protection under test | within 12 months | JobDiva's native AI scoring feature ships or continues to lag Bullhorn and third-party tools |
| Juanpi | Little protection left | next 6-12 months | Any confirmed new funding round, revenue disclosure, or acquisition announcement |
| Jumei International | Little protection left | unscheduled, none apparent | Any public resurfacing of Chen Ou or a Jumei-branded relaunch with disclosed funding or product |
| Jupiter | Losing its protection | next 6-12 months | Federal Bank/CSB Bank partnership renewal terms and any competing consumer app announcement |
| Justos | Losing its protection | within 12 months | Next funding round pricing and possible loss ratio/policy count disclosure |
| K Health | Losing its protection | next 6-12 months | Adoption pace of Epic's native clinical AI tools at K Health's own hospital partners |
| KNIME | Losing its protection | 12-24 months out | Databricks or Snowflake shipping native agentic visual pipeline tools |
| Karumi | Protection under test | next 12 months | Whether Karumi picks a vertical wedge or a CRM incumbent ships native agentic demos |
| Keka | Losing its protection | next 6-12 months | Whether Keka closes a new funding round after its 2022 Series A, and at what valuation |
| Kela | Losing its protection | next 12 months | Whether KELA lands a fresh institutional funding round or gets acquired amid CTI consolidation wave |
| Klarity | Losing its protection | next 6-12 months | Klarity needs a Series C to prove its 2025 pivot is working, or show a bridge/down-round instead |
| Kosas | Losing its protection | next 6-12 months | Any M&A announcement involving Kosas and a major beauty conglomerate |
| Kronos Research | Losing its protection | unscheduled, ongoing watch | Any TradFi HFT firm formally committing capital or headcount to crypto market-making |
| Kyten Technologies | Losing its protection | within 6 months | First named paid pilot customer closes with an actual purchase order, not just a letter of intent |
| LEAD | Defensible for now | unspecified, watch through FY26 | Next LEAD financing round or IPO signal, which would confirm or reset the $1.1B valuation |
| Lab0 | Losing its protection | within 6 months of YC S26 demo day | Adobe or another named customer confirms the partnership publicly, or Lab0 announces seed funding |
| Lamabang | Little protection left | None scheduled | No pending corporate events; only trigger would be a relaunch or acquisition announcement under new ownership |
| Larsen & Toubro Defence | Hard to displace | Q4 FY27 | AMCA fifth-gen fighter award decision between L&T-BEL, Tata Advanced Systems, and Bharat Forge-BEML |
| Las Vegas Sands | Hard to displace | watch ongoing, no set date | Singapore government decision on whether to grant a third casino license, breaking the current duopoly |
| LeetCode | Losing its protection | next 2-3 quarters | Whether LeetCode ships a first-party AI tutor, copilot, or AI-native assessment product |
| Letta | Little protection left | next 6 months | Whether Letta closes a Series A after 22 months on its seed |
| Lexi | Little protection left | next 6 months | Whether Lexi announces funding paired with a narrow jurisdiction or practice-area wedge instead of broadening its 'AI OS for law' pitch |
| Lightsprint | Losing its protection | next 6 to 12 months | Watch for Copilot, Cursor, or Codex shipping a native visual-planning plus PR-gate feature |
| Lindy AI | Losing its protection | next 6 to 12 months | Whether Lindy closes a new funding round after 2023 Series B, or lands a defensible regulated vertical |
| Lotte Global Logistics | Defensible for now | within 12-24 months | Lotte Group's next move on a logistics unit IPO or sale, following the Lotte Rental sale to TPG |
| LoyalFans | Little protection left | 12-18 months out | EU DSA and UK Online Safety Act rules on AI-generated content take effect |
| M&T Bank | Hard to displace | pending, docket 26-1865 | Third Circuit ruling on Jaroslawicz v. M&T Bank shareholder appeal over Hudson City merger disclosures |
| MASV | Losing its protection | next 6 months, per company watch items | Resolution of MASV's 18-month interim CEO status and any Series A announcement |
| MX Technologies | Losing its protection | within 12-18 months | Next funding round or sale decides if the $1.9B valuation holds or resets lower |
| ManTech International | Protection under test | 12-18 months | SeaPort NxG, RS3, and OASIS+ recompete results plus any Carlyle exit signal |
| Mantle | Little protection left | next 6 months | Any seed round announcement or pivot to a regulated vertical niche |
| Maquoketa Research | Little protection left | date unannounced, expected within months | Pentagon Gauntlet Phase II finalist announcements |
| Marvel App | Little protection left | next 6-18 months | Any announced funding round, acquisition, or further headcount cuts past -5% quarter over quarter |
| Material Security | Losing its protection | within 6-12 months | Next funding round or strategic sale decision, likely forced by cash needs |
| Mediakix | Little protection left | within 12 months | Any sign Stadiumred ships a proprietary AI tool under the Mediakix name |
| Metaview | Losing its protection | next 12 months | Ashby or Greenhouse shipping native AI notetaking and scorecards |
| Metorial | Losing its protection | next 12-18 months | Any frontier lab announcing native MCP connector hosting with governance inside its own agent platform |
| Mighty Networks | Losing its protection | next 6-12 months | Any new funding round, or confirmation of a down-round/bridge |
| Missive | Defensible for now | next 12-18 months | Whether churn or NPS shifts toward Drag or other AI-native shared inboxes become visible |
| Modern Health | Losing its protection | within 12-24 months | Next priced funding round or acquisition signal since Feb 2021 Series D |
| Modern Treasury | Losing its protection | within 12 months | Next funding round or extension, which will reveal whether valuation moves up, down, or stays flat |
| Motif FoodWorks | Little protection left | unscheduled | Possible resurfacing of Motif's 5 patents or team in a new filing or acquisition; none reported yet |
| Mount | Losing its protection | next 6-12 months | Window for Mount to land named MGA/carrier capacity before Klaimee or Armilla consolidate the niche |
| Multiverse | Losing its protection | within 12 months | Next Ofsted scorecard and DfE completion rate data release |
| MycoTechnology | Losing its protection | within 12-18 months | Next priced financing round and first named CPG customer orders for Zukora/ClearHT |
| NetEase Kaola | Little protection left | Next quarterly Alibaba earnings report | Alibaba earnings call or Tmall Global disclosure that could confirm or contradict Kaola's wind-down |
| Netstock | Protection under test | 12 month window | Whether Acumatica, NetSuite, or Sage ships native AI demand planning that wins away Netstock customers |
| Netter | Losing its protection | next 6-9 months | Netter either narrows to one vertical (nursing homes or retail) with paying customers, or stays horizontal |
| Netweb Technologies | Protection under test | H1 FY27 | Execution deadline for the ₹1,734 crore IndiaAI Mission order (NVIDIA Blackwell systems) |
| Numbrs | Little protection left | unspecified, watch ongoing | Any disclosure of Bitcoin-custody user count, revenue, or AUM, or a new funding round beyond Saidler family office |
| Onna | Protection under test | unspecified, ongoing watch | Any move by Microsoft Purview to extend cross-platform collection beyond Microsoft 365 to Slack and Google Workspace |
| Onro | Little protection left | unspecified, watch ongoing | Onfleet or Bringg shipping a cheaper AI-native SMB plan aimed at Onro's price tier |
| Overshoot | Protection under test | within 12 to 18 months per current trajectory | Any frontier lab or Roboflow shipping a native low-latency live-video streaming endpoint |
| PAX | Losing its protection | within 6-12 months | Appellate ruling or further CBP decision on Stiiizy/ALD patent redesign dispute |
| Panorays | Losing its protection | within 6-12 months | Whether Bitsight or SecurityScorecard ship matching two-sided vendor-collaboration AI features |
| Panther Labs | Losing its protection | within 12-18 months of deal close | Databricks decides whether Panther stays a distinct product or gets folded into Lakewatch |
| Payoneer | Losing its protection | within 6 months | OCC decision on Payoneer's national trust bank charter application |
| PeopleStrong | Losing its protection | within 12 months | Darwinbox's next funding round or IPO filing, which could widen its lead |
| Pepperfry | Losing its protection | Q3 FY27 | Festive season sales (Sept-Nov 2026) test new B2B and decor push plus 35-store expansion |
| Phind | Little protection left | unscheduled, watch for announcement | Possible IP sale or relaunch of archived open-weight models (Phind-CodeLlama, Phind-70B, Phind-405B) on Hugging Face |
| Pictory | Little protection left | next 12-18 months | Window for Pictory Central to become a system-of-record in L&D and compliance training, or for a new funding round to appear |
| Pimsleur | Losing its protection | within 6-12 months | Whether Pimsleur's AI Conversation Coach leaves beta and expands past its one language (Spanish) |
| Pipa Coding | Losing its protection | unannounced | Any new funding round or priced valuation mark, first since the March 2021 Series C |
| Playdead | Losing its protection | within 6-12 months | Public reveal, firm release date, or cancellation news on the Epic-published sci-fi title |
| Plena Health | Losing its protection | within 12-18 months | Abridge ships a revenue-cycle or prior-authorization product aimed at small practices, not just hospitals |
| Policygenius | Protection under test | next Zinnia announcement, unscheduled | Any Zinnia investor update or press statement clarifying whether Policygenius stays a consumer brand or gets folded into back-office operations |
| Precedence Research | Little protection left | 12 months out | Maturation of its Cell and Gene Therapy Intelligence Platform, which could test whether it holds any exclusive data |
| Prized | Protection under test | next 6-12 months | Prized's first paying enterprise customer with real compliance needs, or a rival shipping native governance first |
| Protect AI | Defensible for now | next report within 6 months | PANW quarterly earnings commentary on Prisma AIRS traction and Portkey integration |
| Qianzhan Industry Research Institute | Losing its protection | next 6-12 months | Any public move to launch an AI-augmented report product or disclose revenue mix between consulting and reports |
| Qredo | Little protection left | ongoing | FRP Advisory continues UK administration wind-down, creditor claims and final estate distribution |
| Qure.ai | Losing its protection | within 12 months | Next funding round decision: up round with US traction story, or bridge round on weak footing |
| REV1 | Protection under test | next 2-3 quarters | Window for CAD incumbents (Autodesk, PTC, Siemens, Dassault) to ship native AI GD&T automation |
| Recruitee | Losing its protection | within 12 months | LinkedIn Hiring Assistant SMB pricing expansion into Europe |
| Reify Health | Losing its protection | 6-12 months | Next funding round or disclosure after 4+ years of silence since the Series D |
| Reka AI | Losing its protection | within 12 months | Whether Reka Claru and defense contracts land paying customers before another funding round |
| Reply.io | Losing its protection | 12-18 months | First verified case of named Reply.io customers switching to an autonomous AI SDR tool or CRM-native engagement feature |
| Restream | Losing its protection | next 6-12 months | Signs of a new funding round, acquisition talk, or YouTube shipping native multi-destination streaming |
| Reto-Moto | Little protection left | unscheduled | TLM Games update on Heroes & Generals 2 status, or any Danish CVR filing showing entity revival |
| Riiid Inc. | Little protection left | unscheduled | Any funding round, contract win, or product launch that breaks its 30-month public silence |
| Ripio | Protection under test | within 12 months | Next disclosed funding round or confirmed stablecoin volume update |
| Rivet | Losing its protection | next 6-12 months | Any native multi-variant comparison feature announced by Anthropic, Cursor, or OpenAI |
| Rivulis Irrigation | Defensible for now | 6-24 months | Expected Temasek ownership exit or refinancing of the ~$250M facility |
| Robby | Protection under test | within 12 months | Window closes for Robby to land a ServiceTitan marketplace slot or equivalent distribution deal |
| Robocurve | Losing its protection | next 6-12 months | Whether a second unaffiliated lab adopts Inspect Robots, or NVIDIA's Cosmos Coalition formalizes a cross-lab benchmark |
| Sablono | Protection under test | next 6-12 months | Any Nemetschek portfolio update on Sablono (acquisition, fresh investment, or continued minority stake) |
| SafeBreach | Losing its protection | 6-18 months | Next funding round or acquisition event, given no raise since Series D and active BAS market consolidation |
| Secureframe | Losing its protection | next 6 to 12 months | Whether Secureframe Defense lands named CMMC/FedRAMP customers and Secureframe announces new funding |
| Semios | Losing its protection | within 12-18 months | Next financing event or disclosure clarifying whether Semios raises fresh capital or takes a down round |
| Sendo | Little protection left | unannounced | FPT decision on formal dissolution or redeployment of the Sen Đỏ brand and SenPay license |
| Shadowfax | Losing its protection | Q3 FY27 | Q3 FY27 results, where top-4 client concentration and SF360/Prime Large/Criticalog contribution get disclosed |
| SiFive | Protection under test | within 12 to 18 months | Named hyperscaler tape-outs or benchmark parity for P870-D against Arm Neoverse |
| Sierra | Losing its protection | Q4 FY27 | Salesforce's Fin/Intercom acquisition closes and Agentforce integration decision is made |
| Siteline | Losing its protection | next 6-12 months | Siteline funding event or acquisition, or Procore/Sage shipping a subcontractor-first billing product |
| Skydio | Losing its protection | pending, no ruling date set | Outcome of DJI's Ninth Circuit challenge to the Covered List ban |
| Small World Financial Services | Little protection left | unspecified, ongoing | Grant Thornton administration creditor claims process concludes |
| Snapdocs | Losing its protection | next 12 to 24 months | Whether ICE Mortgage Technology ships native eClosing inside Encompass or acquires a rival platform |
| Solidus Labs | Losing its protection | within 6-12 months | Series C funding round outcome, still undisclosed since 2022 |
| Somatus | Losing its protection | unclear, being watched | Resolution of interim CEO situation (Larry Renfro listed as interim on team page) |
| Squid | Protection under test | within 12 months | Second independently verified DSO deployment beyond National Grid (Northern Powergrid still unconfirmed) |
| Studyflix | Losing its protection | within 6-12 months | Whether Studyflix ships an official in-house AI tutor beyond its unverified lovable.app microsite |
| Subversive Bitcoin Acquisition Corp. | Little protection left | unset, contingent on IPO pricing | 24-month deadline to close a merger starts once the IPO actually prices, which has not happened yet |
| Sunflower | Losing its protection | within 12-18 months | First signed insurance reimbursement contract for the MAT clinic arm, or its continued absence |
| Surtr Defense | Losing its protection | within 6-12 months | ITAR export license decision and Point Defense Battle Lab test results |
| System One | Losing its protection | 12 to 18 months | Integration outcome of Tech USA, Cypress, and Pathfinder acquisitions plus next PE sponsor decision |
| Tabnine | Protection under test | 6-12 months | Confirmation of a new Series C/bridge round, or Microsoft/AWS shipping an air-gapped coding assistant |
| Takumi | Little protection left | unannounced | Public confirmation of the rumored February 2025 acquisition or a new funding announcement |
| Talknote, Inc. | Protection under test | unspecified, watch next 6-12 months | Any disclosure of a shipped AI feature or fresh funding round since 2013 |
| Tawk.to | Protection under test | 6-12 months | Zendesk plus Forethought SMB downmarket product launch and pricing rollout |
| Team Asobi | Hard to displace | within 12 months | Reveal of Team Asobi's next unannounced title, expected at a State of Play or Game Awards |
| Teamtailor | Losing its protection | within 6 months of filing | Next disclosed Swedish annual financials, which could confirm or kill the stagnation worry between 2022 and now |
| Tensr | Little protection left | next 12-18 months | Watch whether Machina Labs or Vention add small-batch/low-volume product lines, which would close Tensr's only plausible niche |
| Tettra | Little protection left | within 6 months | Workleap's next portfolio update on Tettra investment or sunset plans |
| Thrivent Financial | Hard to displace | 3-5 year window | Whether Gen Z and Millennial clients renew the values-based advice preference boomers showed |
| Thunes | Defensible for now | next 6-9 months | Watch for Series E, M&A activity, or another CEO change after De Caluwe's return |
| Titan | Little protection left | next 6-12 months | Whether Titan closes a new priced round at or above its 2021 $450M valuation |
| Top Glove Corporation Bhd | Losing its protection | next 6 to 12 months | US Section 301 overcapacity tariff determination on Malaysian gloves, on top of the 10% rate already in force |
| Top Hat | Losing its protection | next 6-12 months | Whether Top Hat lands a new funding round or shows a down-round/M&A signal |
| Trading Economics | Losing its protection | next 12-18 months | Whether Trading Economics closes a funding round or announces exclusive data deals |
| Transmit Security | Losing its protection | within 12 months | Next funding round, down-round, or acquisition disclosure |
| Treasury Prime | Losing its protection | next 6 to 12 months | Whether Treasury Prime announces a new funding round or discloses profitability |
| Tribe | Protection under test | within 12 months | Whether Publicis/Influential or CreatorIQ launches a mid-market product that directly targets Tribe's core customers |
| Trinity Limited | Little protection left | unscheduled | Formal conclusion of Bermuda liquidation or final creditor distribution notice |
| Trovit | Little protection left | next 12-18 months | Possible Lifull Connect divestiture of remaining real estate or automotive verticals |
| Turing School of Software & Design | Little protection left | unscheduled, ongoing | Colorado nonprofit registry check for any brand sale, licensing, or relaunch under new ownership |
| Two Chairs | Losing its protection | within 12 months | Next funding round decision (Series D, extension, or none) since no capital raised since April 2024 |
| UXPin | Little protection left | unspecified, watch ongoing | Xenon Partners' next ownership decision on UXPin (sale, wind-down, or reinvestment) |
| VIPKid | Little protection left | next 6 months | Any disclosed funding round, government contract, or wind-down filing for VIPKid Global |
| Vast.ai | Losing its protection | next 6-12 months | Whether Vast.ai closes a comparable institutional round to match RunPod's war chest |
| Vise | Losing its protection | unannounced, TBD | Next funding round or audited financial disclosure that would confirm or contradict the $100B platform assets claim |
| Volt | Protection under test | next 6-12 months | Whether Volt closes a new funding round and on what terms |
| Volt Information Sciences | Little protection left | within 24 months | Watch for Volt's US operations rebranding to parent 'Innova' or next headcount disclosure |
| Vymo | Losing its protection | next 6-12 months | Whether Vymo closes a new priced funding round or shows reversed headcount and traffic decline |
| Walter | Losing its protection | within 2-4 quarters | Native ERP copilot launch from SAP, Oracle, or Microsoft for back-office workflows |
| Weavr | Losing its protection | within 12 months | Whether Weavr closes a Series B or discloses 2025 revenue and NRR figures |
| Wheel | Losing its protection | next 12 months | Decision on Amazon partnership renewal or expansion, plus first confirmed WheelX paying customers |
| Whispir | Little protection left | unannounced, watch FY25 Soprano disclosures | Soprano's decision to keep Whispir as a separate brand or fold it into its unified platform |
| Woebot Health | Little protection left | next 6 months | Any new funding round announcement or FDA marketing authorization for WB001 |
| WooCommerce | Losing its protection | within 6-12 months | WP Engine v. Automattic litigation outcome and continued HTTP Archive share tracking |
| Xendit | Protection under test | within 12-18 months | Next priced funding round or disclosed valuation mark since the May 2022 Series D |
| Xingsheng Selected | Losing its protection | next 12 months | Duoduo Maicai and JD Pinpin's expansion moves into Xingsheng's core provinces (Hunan, Hubei, Guangdong) |
| Yello Mobile | Little protection left | None scheduled | No scheduled event found, watch for any relaunch, funding, or subsidiary (e.g. Carelabs) filing |
| Yellow.ai | Little protection left | next 6 months | Next disclosed funding round or confirmation of down-round/bridge financing |
| Yotta Data Services | Losing its protection | FY27 | Targeted FY27 India IPO after the Cartica SPAC deal collapsed in January 2026 |
| Yuanxiang Acquisition Corp. | Little protection left | 18-24 months post-IPO pricing | SPAC trust deadline to identify and close a merger or return money to investors |
| Zando | Little protection left | No date set | Any announcement of a funded relaunch under the Zando name by Bash, TFG, or another owner |
| Zencity | Losing its protection | next 6-18 months | Whether Zencity raises a Series D or gets acquired after two years without new capital |
| Zenoti | Defensible for now | within 12 months | Whether Zenoti announces a new funding round or discloses profitability after five years without one |
| Zhangmen Education Inc. | Little protection left | No date set | Possible Hong Kong re-listing filing or first audited disclosure since going private |
| Ziflow | Losing its protection | next 6 to 12 months | Whether monday.com ships native proofing or changes its marketplace terms with Ziflow |
| Ziroom | Losing its protection | within 12-18 months | Possible Hong Kong IPO filing and second/third Izara Holdings JV acquisition after the Feb 2025 debut deal |
| Zowie | Losing its protection | next 6-12 months | Whether Zowie announces a Series B or confirms continued funding silence |
| eSUB | Little protection left | next 6-12 months | Window for a new funding round or acquisition before cash and headcount trends force a wind-down decision |
| iKang Healthcare Group | Defensible for now | Not yet dated | First post-2019 financial disclosure or confirmed HKEX/STAR re-listing filing |
| italki | Losing its protection | next 6-12 months | Any new italki funding round or profitability disclosure |
| shotwell.ai | Losing its protection | within 12-18 months | Scale AI or Encord could ship a dedicated live-fleet monitoring product |
| Çiçeksepeti | Protection under test | watch ongoing, no set date | Any launch of a dedicated same-day flower/gift vertical by Trendyol, Hepsiburada, or Amazon.tr |