This is State of the Private Markets, a monthly series where we deliver the most compelling valuation, hiring, and revenue insights on pre-IPO candidates. Think of this as your backstage pass to the companies shaping the future before they hit the public markets.

Today we will cover:

* Valuation: The most valuable private tech companies

* Hiring: The fastest-growing teams

* Layoffs: Companies making cuts

* Sector Highlights: A deep dive into Data Infra, Design Tools, and Direct to Consumer sectors

* Company Spotlights: Updates on ScaleAI, SSI, and Revolut

Please give us five stars if you learned something today or had a laugh. It means a lot!

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