The Projection — a symmetric watercolor butterfly

The Projection

The surface is never the system.

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Capital · available

across 7 members — open each for the figure + sources

about Frontier lab

aggregate of member nodes

Aggregate of 7 member claims — each member's sourced figures are below.


the working

Basis

aggregate of member nodes

Member claims 7

This is an aggregate — its evidence is the members' own claims.

  • Anthropic ~$108.5B+ cumulative raised (Series E $3.5B -> F $13B -> G $30B -> H $65B); $965B …
  • OpenAI ~$180B cumulative raised (of which the ~$110-122B Feb-2026 round is committed, not yet …
  • Mistral AI ~$6.2-7B cumulative CLOSED raised (€2B Sep-2025 incl ASML lead + $830M Mar-2026); …
  • DeepSeek SUPERSEDES the Apr-2026 $300M/$10B report — DeepSeek closed a $7-7.4B first external round …
  • Alibaba ~$44B liquid (cash+STI ¥316.9B Mar-2026), down ~45% in two years into the buildout; market …
  • SpaceXAI WEIGHT (total assets): $102.1B is the last-filed anchor (quarter ~Mar-2026, pre-IPO); …
  • Deepmind Alphabet-scale — parent commands $403B revenue / $132B net income (2025) + an $80B AI …

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A claim is one metric we assert about a node — the value is the summary, this page is the receipt. Sourced from kestrel; supersedes-history not yet shown. Back to Frontier lab.