News
Company news and developments, with original sources and dates.
Updated from source
Funding RSS ↗Redgate Software exceeds USD 135 million ARR
On 2026/5/12, LinkedIn reported that database DevOps provider Redgate Software had exceeded USD 135 million ARR, with its products used by 92% of Fortune 100 companies. It did not disclose its latest funding or valuation.
Tofu founder says ARR reaches seven figures in USD, maintains double-digit monthly growth
On 2026/5/12, Tofu’s founder said ARR had reached seven figures in USD, with double-digit monthly growth and 70 unique inbound demos over the latest 30 days. Exact ARR was undisclosed.
Webidoo raises USD 24.439 million in angel financing
On 2026-5-12, according to Xiniu Data, Webidoo completed angel financing, raising USD 24.439 million. Investors were IXC3.
Xiannianxian Artificial Intelligence raises RMB 20 million in angel financing
On 2026-5-12, according to Xiniu Data, Xiannianxian Artificial Intelligence completed angel financing, raising RMB 20 million.
Xunku Technology SEEKOO raises USD 10 million in equity financing
On 2026-05-12, according to Xiniu Data, Xunku Technology SEEKOO completed equity financing, raising USD 10 million. Investors were Yuanjing Capital. The company is a provider of AI video creation platforms.
Yuemeng Technology raises hundreds of millions of RMB in Series C financing
On 2026-5-12, according to Xiniu Data, Yuemeng Technology completed Series C financing, raising hundreds of millions of RMB. Investors were Yuanhechenkun, Ruanyinyazhou, Zhuopu Fund, Yuanfeng Capital.
A&K Robotics raises USD 5.84 million in Series A financing
On 2026-5-11, according to Xiniu Data, A&K Robotics completed Series A financing, raising USD 5.84 million. Investors were BDC Capital Nüxing Fund, Vantage Futures, Grep-VC, Nimbus Synergies and others.
Cerebras IPO seeks up to USD 4.8 billion
On 2026/5/11, IT Home reported that AI chip company Cerebras’ IPO was more than 20 times subscribed. It planned to raise the offering size and price, seeking up to USD 4.8 billion.
Chalkie AI reaches GBP 5 million ARR within 18 months of launch
On 2026/5/11, LinkedIn reported that UK education AI company Chalkie AI had reached GBP 5 million ARR within 18 months of launch, growing from GBP 1 million to GBP 5 million over the latest four months with a team of 10. It did not disclose funding or valuation.
Enter Brazil raises USD 100 million in Series B financing
On 2026-5-11, according to Xiniu Data, Enter Brazil completed Series B financing, raising USD 100 million. Investors were Founders Fund, Kaszek Ventures, Ribbit Capital, Sequoia Capital and others.
Guangtezhiban raises RMB 30 million in angel financing
On 2026-05-11, according to Xiniu Data, Guangtezhiban completed angel financing, raising RMB 30 million. Investors were Huaxiyinfeng Investment Limited Liability Company. The company is a developer and supplier of AI toys for children.
InVideo AI exceeds USD 70 million ARR and reaches 50 million users
InVideo AI exceeded USD 70 million in annualized revenue (ARR), with 50 million+ users and more than 7 million videos generated monthly. With only USD 52.5 million in total funding, it is among India’s most capital-efficient AI SaaS companies. It includes 200+ models and is the first AI video platform to launch an official MCP Server.
Judge.me reaches USD 16 million ARR
On 2026/5/11, LinkedIn reported that e-commerce review tool Judge.me had reached USD 16 million ARR and more than 50% market share among Shopify review apps. It did not disclose funding or valuation.
Luming Robotics completes A+ funding with an undisclosed amount
On 2026/5/11, Xiniu Data reported that Luming Robotics completed A+ funding for an undisclosed amount, led by Mitsubishi Electric Intelligent Manufacturing Technology (China) Group Co., Ltd., with participation from Hundsun Electronics, Ningbo Haigao Qizhen Innovation Equity Investment Partnership (Limited Partnership), Kunshi Investment, and others. The company develops embodied intelligent robots.
Memorae AI reaches USD 2.5 million ARR, raises USD 2 million seed round
On 2026/5/11, LinkedIn reported that personal memory assistant Memorae AI had raised USD 2 million in seed funding, reaching USD 2.5 million ARR and 200 thousand users. It did not disclose valuation.
OpenCode revenue run rate rises to USD 25 million
On 2026/5/11, X reported that open-source AI programming tool OpenCode increased its revenue run rate from USD 15 million in month 3 to USD 25 million, with more than 150,000 GitHub stars. The company did not disclose funding or valuation.
RiVAI raises an undisclosed amount in Series B financing
On 2026-05-11, according to Xiniu Data, RiVAI completed Series B financing for an undisclosed amount. Investors were OURS Technologies Hong Kong Limited, Spark Infinity Limited, VNTR IX HK Holdings Limited, Shanghai Guofang Innovation Private Fund Partnership (Limited Partnership) and others. The company is a developer of high-performance RISC-V processors.
Shuotong Intelligence raises an undisclosed amount in equity financing
On 2026-05-11, according to Xiniu Data, Shuotong Intelligence completed equity financing for an undisclosed amount. Investors were Ningbo Jiangyong Venture Capital Partnership (Limited Partnership). The company is a developer of embodied intelligence technology.
Stan reaches USD 40 million ARR, serves more than 100 thousand creators
On 2026/5/11, LinkedIn reported that creator business platform Stan had reached USD 40 million ARR in under two years, serving more than 100 thousand creators. It did not disclose funding or valuation.
Uncharted Dynamics raises millions of USD in seed financing
On 2026-5-11, according to Xiniu Data, Uncharted Dynamics completed seed financing, raising millions of USD. Investors were Xianfengchangqing.
Weitadongli raises RMB 500 million in Pre-Series A financing
On 2026-05-11, according to Xiniu Data, Weitadongli completed Pre-Series A financing, raising RMB 500 million. Investors were co-lead investor Dongfangjiafu, co-lead investor Huataizijin, co-lead investor Fuxingruizheng, Shangqi Capital and others. The company is a developer of consumer embodied intelligence products.
222 exceeds USD 4 million ARR, raises USD 14 million Series A
On 2026/5/10, LinkedIn reported that offline events platform 222 had raised USD 14 million in Series A funding, exceeded USD 4 million ARR and operated in 10 markets. It did not disclose its valuation.
Bitsight exceeds USD 200 million ARR, reaches 3,500 customers
On 2026/5/10, LinkedIn reported that cybersecurity ratings company Bitsight had exceeded USD 200 million ARR, with 3,500 customers and more than 68 thousand active organizations on the platform. It did not disclose its latest funding or valuation.
Cognism reaches USD 80 million ARR
On 2026/5/10, LinkedIn reported that UK B2B sales intelligence platform Cognism had reached USD 80 million ARR, serving more than 4000 revenue teams. It previously raised USD 87.5 million in Series C funding. It did not disclose valuation.