These are the world’s 10 most valuable tech companies

A recently released list of the most valuable private companies in the world reveals that technology companies are raising the highest valuations. The list has been developed by Pitchbook, a financial data, and software company.

Lead by two ride-hailing companies, the list is dominated by US-based companies and those headquartered in China. The SoftBank Group, General Atlantic, and Tencent are a frequent occurrence as Venture Capitalists of these major companies. Here are the top 10 most valuable VC-backed companies in the world:

10. Pinterest

The popular online platform for sharing visual content from the web has a valuation of $12.3 billion. In June 2017 it raised $150 million from Emerson Collective, Coffin Capital & Ventures, SharesPost, Sinai Ventures and a couple of undisclosed investors.

9. Pinduoduo

Based out of Shanghai, the discount deal platform is valued at $15 billion after it raised $3 billion last month in a funding round led by Tencent Holdings.

8. Toutiao

The Beijing based news and information content platform has a valuation of $20 billion. It raised $2 billion from General Atlantic in August 2017.

7. Palantir

The data analytics company is valued at $20.5 billion. Palantir develops data analyzing platforms for private firms and governmental agencies. Their last funding round happened in 2016 which closed at $20 million raised from Decacorn Capital, Prometheus Capital, Oceanic Partners and some undisclosed investors.

6. WeWork

WeWork has a current valuation of $21.1 billion after the co-working space raised $3 billion under the Vision Fund of SoftBank Group in August 2017.

5. SpaceX

The California based aerospace and space transportation company has a current valuation of $24.7 billion after it raised $214 million from Fidelity Investments last month.

4. Meituan-Dianping

Based out of Beijing, the online marketplace has a valuation of $30 billion. A platform for on-demand services, reservations for tickets or restaurants Meituan-Dianping raised $4 billion from Tencent in October 2017.

3. Airbnb

The peer-to-peer hospitality service ranks at third with a current valuation of a $31 billion. The last funding round of Airbnb raised $1.6 billion from General Atlantic Hillhouse Capital and Tiger Global Management.

2. Didi Chuxing

Valuated at $56 billion, the brains behind the largest Chinese raid-hailing app is the second most valuable company. In a financial round closed this February, Didi Chuxing raised $4.6 billion from Softbank Capital Mubadala Development and JUMP Investors.

1. Uber

With a valuation of $69.9 billion, the largest ride-hailing company in the US tops the list. This January, the San Francisco based company raised $1.3 billion from SoftBank Group as well.