Overview
Y Combinator's Winter 2026 (W26) batch is the first of four batches in YC's expanded 2026 calendar, running from January through March 2026 [s1]. The batch comprises approximately 120 companies spanning sectors from AI infrastructure and defense to healthcare, fintech, and space exploration [s7]. Demo Day is scheduled for March 24, 2026 at the Computer History Museum in San Francisco, where founders will present to an invite-only audience of roughly 1,500 investors [s2].
W26 arrives at a moment of significant structural change for YC. The accelerator now runs four batches per year (up from two), has introduced stablecoin funding options via USDC on Ethereum, Base, and Solana starting with the Spring 2026 batch [s10], and has reinstated Canada as an accepted incorporation jurisdiction after a temporary removal [s13]. Nine new visiting partners joined the YC team to support the growing cohort [s12].
The standard YC deal remains $500,000 for 7% equity, structured as two SAFEs: a $125K safe at a post-money valuation cap and a $375K safe on MFN terms [s3]. For international founders, the true cost of participation — including relocation, legal fees, and San Francisco living expenses — can reach $30,000–$60,000 beyond the equity dilution [s3].
Batch Statistics
The W26 batch reflects YC's continued growth and its expanding focus on AI-native companies. Key metrics:
| Metric | Value |
|---|---|
| Batch size | ~120 companies |
| Demo Day | March 24, 2026 |
| Application deadline | November 10, 2025 |
| Program duration | January–March 2026 |
| Standard deal | $500K for 7% equity (two SAFEs) |
| Largest pre-Demo Day raise | $172M (Hex Security) |
| Median founding year | 2025 |
| YC partners assigned | 10+ (incl. 9 new visiting partners) |
| 2026 Demo Day calendar | W26: Mar 24 · Spring: Jun 16 · Summer: Sep 10 · Fall: Dec 2 |
YC's 2026 Request for Startups highlighted ten priority areas: AI for product management, AI for government, metal mills, AI hedge funds, AI agencies, stablecoins, AI-guided physical work, spatial reasoning, fraud detection, and developer tools [s11]. The W26 batch closely mirrors these priorities, with AI-related companies comprising roughly half the cohort.
Key W26 YC partners include Brad Flora, Gustaf Alstromer, Jared Friedman, Tyler Bosmeny, Harshita Arora, Ankit Gupta, Diana Hu, Jon Xu, Aaron Epstein, and Joshua Browder [s7].
Notable Companies
Hex Security
Hex Security is the batch's most heavily funded company, having raised $172M. Founded by Ahmad Khan, Huzaifa Ahmad, Prama Yudhistira, and Eugene Ngufor, Hex builds AI agents that run continuous penetration testing against applications and infrastructure around the clock [s7]. Their agents have reportedly found critical vulnerabilities — including SQL injection exposing billions of records — across dozens of YC companies, with estimated prevented damages exceeding $3B based on IBM's Cost of a Data Breach benchmarks. YC partner Gustaf Alstromer oversees the company.
Sequence Markets
Sequence Markets has raised $20M to build ultra-low-latency trading infrastructure for digital assets. Founded by Muhammad Awan, Peter Bai, and Frank Zou, the platform provides smarter and faster trade execution for institutional players in the crypto market [s7]. Overseen by YC partner Brad Flora.
Carma
Carma raised a $5.5M seed backed by Soma Capital, Y Combinator, and the founders of Superhuman. The company builds an AI-native operating system for fleet management, already powering some of the largest fleets in the U.S. including Fortune 500 clients. Carma is sprinting toward a Series A in 2026.
Corvera
Corvera automates day-to-day operations for consumer packaged goods (CPG) brands using an AI workforce. In its first month full-time, the company raised $2M — including £1.5M from Firstminute Capital and angel investors — and signed 15 design partners with a pipeline of 30+ brands [s17][s18]. Corvera claims its platform can increase brand profitability by 40%.
Constellation Space
Constellation Space builds AI for satellite mission assurance, predicting and preventing satellite link failures. The founding team brings experience from SpaceX (managing Starlink constellation health), Blue Origin (New Glenn test infrastructure), and NASA. Overseen by YC partner Jared Friedman [s7].
HLabs
HLabs is building a plug-and-play ecosystem of robotic parts with open-source software libraries. Since its first product launch in October 2025, over 40 robotics companies placed orders for its actuator control product. Additional plug-and-play robotics products are targeted for release in Q1 2026 [s8]. Overseen by YC partner Brad Flora.
GRU Space
Galactic Resource Utilization Space (GRU Space) aims to build the first hotel on the Moon using in-situ resource utilization technology that converts lunar regolith into building materials. The company plans a 2029 demonstration mission with a target opening date of 2032. GRU Space is backed by investors in SpaceX and Anduril and is part of Nvidia's Inception program [s7].
ARC Prize Foundation
ARC Prize Foundation runs public AI benchmarks designed to measure general intelligence and inspire new research directions. As a non-profit in the YC batch, it represents YC's growing interest in fundamental AI research infrastructure. Overseen by YC partner Tyler Bosmeny [s7].
Beacon Health
Beacon Health builds AI agents for value-based primary care, using computer-use agents that operate directly within electronic health record (EHR) systems. The company targets the growing value-based care market where primary care providers are incentivized to improve patient outcomes rather than increase visit volume [s19].
LunaBill
LunaBill provides AI voice callers for healthcare billing teams and has reached $764K in contracted ARR — notable traction for an early-stage company still in the YC program [s14].
Other Standouts
Several other W26 companies have drawn attention for their novel approaches:
- Martini — collaborative AI-native filmmaking platform with real-time multiplayer video editing [s8]
- Shofo — "Common Crawl for Videos," indexing millions of hours of cleaned, segmented video content for AI training [s7]
- Chasi AI — AI concierge for equipment sales, service, and rentals; raised $2.5M [s7]
- Chamber — autopiloting AI infrastructure, optimizing GPU utilization and reducing costs [s15]
- DAIVIN — tankless dive gear providing breath autonomy at sea, land, and space [s7]
- GrazeMate — robot cowboys that muster cattle with AI drones; raised $1.2M [s7]
- Visibl Semiconductors — AI IDE for chip design, accelerating tapeout [s7]
- Pax Historia — first AI-powered grand strategy game platform with alternate history sandbox [s7]
Sector Breakdown
The W26 batch spans more than a dozen sectors, with a pronounced tilt toward AI and infrastructure. Based on the full directory of ~120 companies [s7]:
AI & Infrastructure (~25%)
The largest cluster in the batch. Companies include Chamber (GPU optimization), compresr (LLM context compression up to 90% token reduction), RunAnywhere (on-device AI at scale), Cumulus Labs (optimized GPU cloud), Polymath Labs (RL for software engineering), Ishiki Labs (multimodal AI), Tensol (multi-agent orchestration), Haladir (formal methods for codegen), Didit (AI-native identity verification), and Oximy (enterprise AI usage tracking).
Enterprise Software & Operations (~20%)
AI agents automating business workflows dominate this segment: Corvera (CPG operations), EigenPal (document workflows with 99% OCR accuracy), Ressl AI (Salesforce configuration), Jinba (enterprise chat-based automation), Oxus (internal audit), Zymbly (aircraft maintenance admin), and FullSeam (AI employee for finance teams).
Healthcare & Biotech (~12%)
Healthcare continues as a strong YC vertical. Beacon Health (AI for primary care), LunaBill (billing voice AI), ritivel (clinical trial to FDA submission), Opalite Health (real-time medical interpretation), Prana Health (AI primary care doctor in your pocket), Ruma Care (biologics access), Rhizome AI (FDA regulatory intelligence), Patientdesk.ai (dental AI voice agent), 10x Science (protein characterization), Strand AI (biology AI datasets), and Mantis Biotech (human-in-computer models).
Fintech & Payments (~10%)
Aligning with YC's "Fintech 3.0" thesis and the Coinbase partnership [s16]: Sequence Markets (digital asset trading), SpotPay (stablecoin-based cross-border payments), Grade (payroll for performance), Balance (full-stack AI accounting), MouseCat (AI toolkit for risk teams), Fenrock (financial crime compliance), Orthogonal (agentic payments for APIs), and Kita (document signals for emerging market lenders).
Defense & Aerospace (~8%)
A growing category reflecting geopolitical tailwinds: Hex Security (offensive cybersecurity), Constellation Space (satellite mission assurance), GRU Space (lunar habitats), AxionOrbital Space (Earth observation foundation models), Kyten Technologies (aerospace battery packs), DroneTector (hostile drone detection, $617K raised), Seeing Systems (defense AI drones), and Voltair (self-charging drones).
Developer Tools & Engineering (~8%)
Sparkles (sandboxed dev environments), Bubble Lab (open-source agentic workflow builder), Mendral (AI DevOps engineer), Corelayer (AI on-call engineer), Sonarly (production alert reliability), 21st Labs (AI React components), SideKit (mobile app analytics), and Burt (fine-tuning and deployment).
Construction & Energy (~6%)
Scout Out (AI estimating for contractors), Bidflow (electrical estimating copilot), Avoice (AI workspace for architects), AutoSitu (municipal development review), Squid Energy (AI-powered grid planning), Voxel Energy (off-grid data centers with solar and repurposed batteries), and Inviscid AI (real-time building energy simulations).
Legal & Compliance (~5%)
Fed10 (AI policy consultants), Arcline (startup legal with same-day turnaround), General Legal (AI-native law firm for growth-stage companies), Legalos (AI for complex work visas), and Veriad (marketing compliance).
Other Sectors
The batch also includes companies in agriculture (GrazeMate, Verdex), consumer & media (Martini, CatchBack, Pocket), gaming (Pax Historia, CodeWisp), HR & recruiting (Perfectly, Skillsync), real estate (Travo), hospitality (Lance Live), insurance (Panta Insurance), retail security (Lexius), robotics & data (Human Archive, Servo7), and commodities (Axis).
Funding & Exits
While most W26 companies are pre-Demo Day and have not yet disclosed funding beyond YC's standard $500K investment, several have already raised significant capital:
| Company | Funding Raised | Sector |
|---|---|---|
| Hex Security | $172M | Cybersecurity |
| Sequence Markets | $20M | Fintech / Trading |
| Carma | $5.5M | Fleet Management |
| Chasi AI | $2.5M | Equipment Sales AI |
| Corvera | $2M | CPG Operations |
| GrazeMate | $1.2M | AgTech / Drones |
| Caretta | $1.08M | Sales Intelligence |
| DroneTector | $617K | Defense / Drones |
| o11 | $530K | Finance / M365 AI |
Hex Security's $172M is an exceptional outlier — among the largest raises ever for a company entering a YC batch. The next largest, Sequence Markets at $20M, is itself well above the typical pre-Demo Day funding level. Most companies in the batch are operating on YC's standard $500K investment plus small pre-seed rounds [s7].
As Demo Day approaches on March 24, 2026, fundraising activity is expected to intensify. YC's new stablecoin funding option — allowing founders to receive their $500K in USDC on Ethereum, Base, or Solana — will be available starting with the Spring 2026 batch [s10]. YC has also partnered with Coinbase on a joint Request for Startups encouraging founders to "Build Onchain," signaling a strategic push into what YC calls "Fintech 3.0" — a financial system built with code, instant settlement, self-custodial wallets, and global 24/7 operation [s16].
As of February 2026, no W26 companies have announced exits. The batch median founding year is 2025, indicating most companies are less than two years old [s7].
References
- 2026 Demo Day Dates — Y Combinator
- Demo Day — Y Combinator
- What It Really Costs to Join Y Combinator's Winter 2026 Batch — Rebel Fund
- YC Winter 2026: What's Brewing — Oreate AI
- Complete YC Startups Guide — GrowthList
- YC W26 Applications Announcement — @ycombinator
- Y Combinator W26 Batch — Extruct AI
- YC W26 Batch — Best of Show HN
- Two YC Startups Already in for W26 — The Founders Pack
- Y Combinator Will Let Founders Receive Funds in Stablecoins — Fortune
- Y Combinator Is Out With Its 2026 Request for Startups — Tech Startups
- Meet YC's Newest Visiting Partners — Y Combinator
- Adding Canada Back to Our List of Accepted Countries — Y Combinator
- Launch YC: LunaBill — Y Combinator
- Y Combinator Accepts AI Infrastructure Startup Chamber — FinancialContent
- YC x Coinbase RFS: Build Onchain — Y Combinator
- Launch YC: Corvera — AI Ops for CPG Brands — Y Combinator
- Corvera Secures £1.5M for FMCG AI Supply Chain Tool — The Grocer
- Beacon Health: AI Agents for Primary Care — Y Combinator
- Y Combinator Opens Stablecoin Funding Option — The Block
- Carma: The AI Operating System For Modern Fleets — Y Combinator