News
Company news and developments, with original sources and dates.
Updated from source
Funding RSS ↗OllyGarden Raises $4M to Improve Telemetry Quality
On October 10, 2026, per AIPressRoom, Berlin-based OllyGarden raised $4M led by Next Frontier Capital. Founded in 2025 by Juraci Paixão Kröhling, the platform identifies and fixes unreliable telemetry data before it impacts AI agents and engineers.
Turbo AI exceeds USD 13 million cumulative revenue, reaches tens of millions of US dollars ARR with team of just 10
Turbo AI exceeded 10 million global users and USD 13 million cumulative revenue. ARR reached eight figures, in the tens of millions of US dollars, with a team of just 10 and no paid advertising. All growth came from founder-created content and word of mouth.
Duolingo reports USD 298 million second-quarter revenue and 58.7 million DAU
Duolingo’s second-quarter 2026 revenue was USD 298 million, with 58.7 million DAU. AI roleplay drove paid conversion, while growth in month 2 mainly came from emerging markets including China.
Former Ramp engineers raise USD 20 million for Melius after abandoning their first product
According to TechCrunch, Melius, founded by former Ramp engineers, raised USD 20 million in Series A funding on 10/7, led by CRV. It had scrapped its first product and pivoted to AI tools for generating advertising creative and marketing campaigns, reaching USD 1 million in annualized revenue.
ListenHub reaches USD 3 million in ARR without paid acquisition, with a paid conversion rate above 5%
AI podcast tool ListenHub reached USD 3 million in annualized revenue without paid acquisition and achieved monthly breakeven, with a paid conversion rate above 5%. It positions itself as a 'knowledge explainer' rather than a podcast tool, differentiating itself from free podcast generators such as NotebookLM.
Meitu reports CNY 2.21 billion first-half revenue, approximately CNY 620 million productivity app ARR
Meitu generated CNY 2.21 billion total revenue in the first half of 2026. Revenue from imaging and design products, including Meitu Xiuxiu, Design Studio and Kaipai, grew approximately 93%. Productivity app ARR was approximately CNY 620 million, and AI video product Vmake Labs had approximately USD 5 million global ARR.
Miter raises USD 40 million Series B to build AI-native construction operating system
According to Unite.AI, on 2026/9/30, AI-native construction operating system company Miter raised USD 40 million in Series B funding led by Battery Ventures, with Bessemer Venture Partners and Coatue participating. Headquartered in San Francisco, it unifies payroll, compliance, jobsites and project costs. More than 2000 contractors use it, with approximately 2% of US construction workers paid through its system. Total funding reached USD 78 million. Connor Watumull and Tobin Paxton co-founded the company.
Omi exceeds USD 5 million annualized revenue run rate
On 2026/9/26, Omi’s founder said on LinkedIn that the open-source AI wearable company had exceeded USD 5 million annualized revenue run rate. Previously relying mainly on organic growth, it had recently started testing paid acquisition. The original post did not separate hardware sales from subscription revenue.
Oura surpasses $1.21B revenue over nine months, up 74% with 5 million paid members
On 2026/9/5, according to WSJ, Finnish smart ring company Oura reported USD1.21 billion in revenue over nine months, up 74% year over year, and 5 million paid members. This corresponds to approximately USD1.6 billion in annualized revenue.
Klar reaches USD 500 thousand ARR
On 2026/8/28, X reported that Sweden’s Klar had reached USD 500 thousand ARR and disclosed a paid conversion rate above 80%. Its product serves small and medium-sized businesses in the Nordic region. Its paid conversion performance stood out.
Enginy reaches USD 6 million ARR in two years
On 2026/7/30, X reported that Spain’s Enginy had reached USD 6 million ARR two years after founding. It focuses on industrial engineering and software.
Zaoyi Innovation raises an undisclosed amount in equity financing
On 2026-07-30, according to Xiniu Data, Zaoyi Innovation completed equity financing for an undisclosed amount. Investors were Shanghai Jipaile Technology Co., Ltd.. The company is a developer of AI software.
Command Code exceeds USD 2 million ARR after 60 days of operations
On 2026/7/8, X reported that US company Command Code had exceeded USD 2 million ARR after 60 days of operations, with 15 thousand paying customers. It provides tool-call repair, design optimization and cache management for open and closed AI models.
Alan raises EUR 480 million at EUR 5.5 billion valuation
On 2026/7/1, LinkedIn reported that French digital health insurer Alan had raised EUR 480 million in Series G funding at a EUR 5.5 billion valuation. It served more than 1.1 million members in France, Belgium, Spain and Canada, with ARR growing 53% year over year and its French business already profitable.
Xinxianpai raises an undisclosed amount in Series A financing
On 2026-07-01, according to Xiniu Data, Xinxianpai completed Series A financing for an undisclosed amount. The company is a provider of solutions for AI unmanned agricultural.
RoboParty Luobopaidui raises RMB 500 million in Pre-Series A financing
On 2026-06-29, according to Xiniu Data, RoboParty Luobopaidui completed Pre-Series A financing, raising RMB 500 million. Investors were Ningbo Meishanbaoshuigangquwending Investment Co., Ltd.. The company is a developer of open-source humanoid robots.
CuspAI raises USD 450 million in Series B financing
On 2026-06-17, according to Xiniu Data, CuspAI completed Series B financing, raising USD 450 million. Investors were co-lead investor NEA, co-lead investor KPCB, participating investor Bezos Expeditions, participating investor Glade Brook Capital Partners, participating investor Lux Capital, participating investor AMD Ventures, participating investor Danmaxi, participating investor Prosus Ventures, other participating investors. The company is a UK developer of AI materials search engines.
RoboParty Luobo Paidui completes angel funding with an undisclosed amount
On 2026/6/1, Xiniu Data reported that RoboParty Luobo Paidui completed angel funding for an undisclosed amount. Investors included Shunwei Capital, Matrix Partners, Xiaomi Technology, Shangtang Guoxiang, and others. The company develops open-source humanoid robots.
Alan exceeds EUR 800 million ARR, more than 1 million members
On 2026/5/28, LinkedIn reported that French digital health insurer Alan had exceeded EUR 800 million ARR, operating in France, Spain, Belgium and Canada with more than 1 million members.
Biorce reaches USD 10 million revenue in its first year
On 2026/5/26, El País reported that Barcelona, Spain clinical trial AI platform Biorce had reached USD 10 million revenue in its first year. Four Portuguese entrepreneurs founded the company.
Contrario reaches USD 6 million annualized revenue in under six months of operation
On 2026/5/25, Contrario reported that the US AI recruitment platform had reached USD 6 million annualized revenue in under six months of operation. It had paid more than USD 1 million to its recruiter network and served more than 200 companies.
Wave Connect reaches USD 1.5 million ARR
On 2026/5/15, LinkedIn reported that Canadian digital business card and contact management platform Wave Connect had grown ARR from USD 250 thousand to USD 1.5 million, without venture capital or paid advertising throughout its development.
Fuan Intelligence raises tens of millions of RMB in seed financing
On 2026-05-14, according to Xiniu Data, Fuan Intelligence completed seed financing, raising tens of millions of RMB. Investors were co-lead investor Xiaomiaolangcheng, co-lead investor Tianji Capital, Jianyanyuan, Fudankechuang and others. The company is a developer of the LASPAI intelligent materials computing platform.
Tekmetric reaches USD 100 million in ARR, serving over 15,000 repair shops
On 2026/5/8, LinkedIn reported that auto repair shop software Tekmetric reached USD 100 million in ARR and served more than 15,000 repair shops. The company did not disclose funding or valuation.