Industrial agents. 

BNPL IPOs.

Brain-computer interfaces.

 

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September 20, 2025

Hi there,

 

Here are this week's top research briefs.

ICYMI
 

The world’s 50 most valuable private companies

We mined CB Insights valuation data to reveal how AI, geographic concentration, and secondary markets are shaping today's most valuable private companies.

TopPrivateCosbyValuation-092025-4-880x1066
Book of Scouting Reports: AI Drug Discovery

We dive into the data on high-momentum, private generative AI companies in drug discovery, including key financial metrics, opportunities, and threats.

Screenshot 2025-09-19 at 3.11.18 PM
Early-Stage Trends Report: What every deal in August tells us about what’s next in tech

Using the CB Insights Business Graph, we analyzed 1,140+ early-stage deals in August to identify the most promising companies, top investors, and emerging categories to watch.

EarlyStageTrends-PieChart-092025-1024x995
Book of Scouting Reports: Industrial AI Agents & Copilots

We dive into the data on companies with AI agents and copilots servicing the industrial sector, including key financial metrics, opportunities, and threats.

Screenshot 2025-09-19 at 3.13.04 PM

Customer-Exclusive Research

 

Will Klarna’s IPO spur more consolidation in the BNPL market?

CB Insights signals show which B2C BNPL platforms are poised for IPOs, and what their listings will say about the market's resilience.

BNPL-matrix_3-1005x1024

How payments leaders are seizing the SMB opportunity

CB Insights deal and partnership data shows the largest payments firms are consolidating SMB financial services and shaping the next era of SMB relationships.

Payments-vs-banks-activity-880x1059

Brain-computer interface startups race toward commercial deployment: Here are the leading players

We identify which BCI companies will dominate as the market shifts from research to commercial deployment, using CB Insights' Mosaic score.

BCIs

Have a great weekend.

 

I love you. 

 

Anand

@asanwal

Co-Founder & Exec Chair

 

P.S. Want to know which VCs are outperforming? Check out our Smart Money 2025 list of the world's 25 best-performing venture capital firms.

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