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The value is being created while companies are private.
New treatments. New ways to work. The infrastructure behind AI. Most of it is still private.
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By the time a company lists, much of its growth is behind it.
Most of it has been out of reach for individual investors.
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Venture market, Q2 2026, taken from the data.
Number of deals
Exit value
Year to date at each quarter end, so each year starts over in Q1 and Q4 is the full year. Gold is the quarter shown, gray the same point a year earlier. Select a column to change the quarter.
Source: PitchBook-NVCA Venture Monitor
US figures as published by PitchBook and NVCA. Shown for market context only. Not AltSpot investments or results.
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Altopia, an interactive 3D model of one imagined city as it keeps getting better. It opens on the Future chapter; the chapter buttons (Today, Soon, Future) move between three chapters. Drag to turn the city, and open the markers (coloured by the chapter that brought each change) for a short note on what it is, how it works, and why it is better. Left alone, a short guided tour of the future city plays; any key, tap or click hands control back, and Watch the tour plays it again.
Altopia.
The changes reshaping cities are being built now, mostly by private companies. Altopia is a playful look at what's already here, what's on the way, and what's still a guess.
In this chapter
- This is the city a few decades on. Here is how it works.
- A storm rolls in. Parks, rain gardens, and green roofs soak it up, and cisterns save it for later.
- The sun is back. Down on the river, a water wheel turns with the current and makes power.
- The water is clean enough to swim in, right in the middle of town.
- Towers keep cool with their own plants, and with cold water piped in from the deep river.
- The data center shares its warmth: pipes carry it to heat the homes next door.
- Solar walls and neighborhood batteries keep every light on, storm or shine.
- Greens grown in the sky farms land at the market below, picked that morning.
- And the riverfront fills up: cafes, kids, bikes, the people it was built for.
- Same city, rewired for people.
- Drag to explore. Tap a dot to learn more.
- Tap Explore to move around. Tap a dot to learn more.
- Drag to explore
- Tap Explore to move around
- Fresh greens grown floor on floor, a short walk from the table.
- A whole neighborhood in one green building: homes, work, and parks stacked up.
- An office tower with a second life, growing greens for the blocks around it.
- Framed in engineered wood: quick to raise, and it keeps carbon locked in.
- Leaves shade the walls, and the water they breathe out cools the air around every terrace.
- Its walls and windows make power, right where the power is used.
- Air taxis land on the roof: a short hop instead of a long drive.
- Heat pumps lift its spare warmth into pipes that heat nearby homes.
- Solar canopies and batteries keep the lights on, even in a storm.
- Compact reactors and batteries keep power clean, local, and steady.
- Food grown on the roof, sold a few blocks away.
- Fresh food from rooftops and nearby farms, a short walk from home.
- Helper robots recharge here between heavy lifting and night cleanup.
Rain soaks in
Parks, rain gardens, green roofs, and cisterns that catch the rain.
Soil and plants soak water up like a sponge, and tanks store the rest for watering later.
Streets stay dry in a storm, and gardens stay green in between.
River wheel
A water wheel that makes electricity from the river.
The wheel turns with the current, with no dam, so fish and boats pass by freely.
Steady, quiet power from a river that flows day and night.
Swim in the river
A river clean enough to swim in, right in the middle of the city.
Storm tanks catch heavy rain so the sewers never spill into the river, and wetlands filter what flows in.
A beach and a swim, a short walk from home.
Riverfront for people
A riverside promenade of cafes, playgrounds, and bike paths.
With fewer cars and cleaner water, the bank is rebuilt for walking, sitting, and playing.
The whole city has somewhere to spend its evenings, kids included.
Cooled by the river
Buildings cooled by deep river water and the ground.
Deep river water and the ground stay cool all year, and pipes carry that cool into buildings instead of air conditioners.
Comfortable rooms on hot days, with quieter streets and less power used.
Cool roofs, shady streets
Pale roofs and tree-lined streets that keep the city cool.
Light roofs reflect the sun instead of soaking it up, and trees shade the pavement below.
Cooler homes and sidewalks on the hottest days.
Servers heat homes
Data centers that share their warmth with the neighborhood.
Heat pumps lift the warm water from cooling the computers and send it through pipes to nearby homes.
Warmth that would have drifted into the sky keeps families cozy instead.
Solar skin towers
Towers whose walls and windows make electricity.
Solar layers are built into the facade glass and panels, catching sun all day.
Each building makes part of its own power, right where it is used.
Neighborhood microgrid
A neighborhood that makes, stores, and shares its own power.
Solar canopies charge local batteries, and a small substation balances power between homes.
The lights stay on in a storm, and neighbors share the sun.
Farms in the sky
Indoor farms stacked floor on floor inside towers.
Plants grow under tuned lights, with water that is cleaned and reused in a loop.
Fresh greens all year, picked close to the people who eat them.
Food market
A plaza market selling food grown on rooftops and nearby farms.
Greenhouses and sky farms harvest in the morning and carry it straight to the stalls.
Fresher food, a short walk from home, and a place to run into friends.
Helpers
Helper robots working alongside people on the jobs nobody misses.
They take the heavy lifting and the night cleanup, and lend a hand with a neighbor's groceries.
People get more time for the parts that need a person.
Robotaxi fleets
Shared driverless cars that come to your door when you call.
Each car carries many riders a day instead of sitting parked, so the city needs far fewer of them.
Curbs and garages free up for trees, cafes, and wider sidewalks.
Air taxis take off
Quiet electric aircraft that hop between rooftop pads.
Small rotors lift them straight up, so they need a rooftop pad, not a runway.
A long drive across town becomes a short, calm flight.
Deliveries off the road
Small drones and sidewalk robots that bring parcels and meals to your door.
Drones follow shared lanes above the rooftops, and little rolling couriers take the short trips at walking pace.
Fewer vans at the curb, and quieter, safer streets.
Parking becomes parks
Old parking lots turned into parks, plazas, and homes.
Shared rides need far less parking, so the space is handed back to the neighborhood.
More shade, more room to play, and more places to meet.
Timber towers
Tall buildings framed in engineered wood.
Thick panels of glued wood are made in a factory and fitted together on site like a kit.
They go up quickly and quietly, and the wood keeps carbon locked inside.
Offices become homes
Office towers given a second life as homes.
Floors are opened up for light and air, with kitchens, balconies, and shared gardens added.
Downtown stays lively after dark, with neighbors, shops, and kids on the block.
Printed homes
Building crews working with robotic printers to raise new homes.
The printer lays the walls layer by layer while the crew handles the design, the finishing, and the details.
New homes go up faster, with less waste, and crews spend their time on the skilled work.
Restored river
Concrete banks replaced by wetlands, beaches, and parks.
Soft, planted banks slow the water down, clean it, and give it room to spread after rain.
A cooler city, cleaner water, and a riverbank full of wildlife and people.
Daylighted stream
A stream that once ran in a pipe under a road, flowing in the open again.
The road is lifted off, and the stream gets banks, trees, and footbridges.
A quiet green path through the neighborhood, with cooler air beside it.
Power next door
A clean power campus at the edge of the city.
Compact reactors and large batteries work together, storing power when it is plentiful and sharing it when it is needed.
Steady, clean power for every home, day and night.
Streets for everyone
Streets designed so anyone can get anywhere.
Raised crossings, wide sidewalks, and shuttles with ramps remove the steps and gaps.
Easy trips for wheelchairs, strollers, and anyone carrying a load.
An illustrative model, not a forecast. No other company, product, or place depicted.
Robotaxi fleets
Shared driverless cars that come to your door when you call.
How it works: Each car carries many riders a day instead of sitting parked, so the city needs far fewer of them.
Better because: Curbs and garages free up for trees, cafes, and wider sidewalks.


