DBR$185.50+3.06%·NBIS$42.30+6.28%·ANTH$720.00+3.60%·CRMV$58.40+4.10%·XAI$310.00-4.62%·OAAI$890.00+1.20%·CBRS$124.00+2.80%·SCLE$210.00-1.10%·MSTRL$95.00+5.40%·ANYS$67.00+0.90%·DBR$185.50+3.06%·NBIS$42.30+6.28%·ANTH$720.00+3.60%·CRMV$58.40+4.10%·XAI$310.00-4.62%·OAAI$890.00+1.20%·CBRS$124.00+2.80%·SCLE$210.00-1.10%·MSTRL$95.00+5.40%·ANYS$67.00+0.90%·
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VS Frontier Index

The AI infrastructure
benchmark index

A curated, equal-weight index tracking the most important pre-IPO and newly public AI infrastructure companies — from model labs to compute providers.

Current value
No data yet
Constituents
12
Asset class
Pre-IPO / Public
Rebalance
Quarterly
Base date
Jan 2023

Index performance

VS Frontier vs. benchmark

Index history will appear here once data is available.

Index holdings

12 constituents · equal-weight · rebalanced quarterly

Full screener →
#Company Sector Price24hWeight
1DatabricksDBRData
9.2%
2AnthropicANTHAI Models
9.1%
3OpenAIOAAIAI Models
8.8%
4CoreWeaveCRMVInfrastructure
8.7%
5xAIXAIAI Models
8.5%
6NebiusNBISInfrastructure
8.4%
7CerebrasCBRSHardware
8.2%
8Scale AISCLEData
8.1%
9MistralMSTRLAI Models
7.9%
10AnyscaleANYSInfrastructure
7.8%
11CohereCOHAI Models
7.7%
12Hugging FaceHFTooling
7.6%
Methodology

How the VS Frontier Index is constructed

The VS Frontier Index tracks a curated universe of AI infrastructure companies spanning model labs, compute providers, data platforms, and tooling. Constituents are selected based on funding velocity, practitioner adoption, and IPO proximity — not market cap.

Selection criteria

Companies must be active in AI infrastructure — training, inference, data, or tooling — with $100M+ in total funding and meaningful practitioner adoption signal.

Weighting

Equal-weight rebalanced quarterly. No single constituent exceeds 12% of index weight. Newly added companies enter at their sector's average weight.

Rebalancing

The index rebalances at the start of each quarter. Companies graduating to a major exchange remain for 90 days post-IPO before classification review.

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