News
Company news and developments, with original sources and dates.
Updated from source
Funding RSS ↗RB2B hit $10M ARR with 1 full-time employee
On 2026/10/7, X reported that RB2B, a US AI sales and marketing company, reached USD 10 million in annualized revenue with only 1 full-time employee.
Rivercell raises USD 25 million to build AI virtual cells and accelerate drug discovery
According to European Biotechnology, Rivercell raised USD 25 million on 10/7, led by HV Capital. It is building AI virtual cell models to digitalize key validation stages of drug discovery, aiming to shorten new drug development cycles and reduce early trial-and-error costs.
Rivian announces availability of Volkswagen Group’s USD 1 billion ten-year loan financing
On 2026/10/7, Rivian Automotive announced that Volkswagen Group’s committed USD 1 billion, 10-year term loan facility under their existing joint venture agreement was available. The loan is non-recourse to Rivian. The joint venture was established in 2024/11, with the agreement’s total value up to USD 5.8 billion.
Saber Hits £13M ARR Bootstrapped with No Sales Team
On October 7, 2026, per Prolific North, Manchester-based AI auditor Saber hit £13 million ARR, bootstrapped with no sales team.
Stuut raises USD 52.5 million in Series B funding to expand order-to-cash processes with AI agents
According to Unite.AI, Stuut raised USD 52.5 million in Series B funding on 10/7, led by Insight Partners. It brings AI agents to order-to-cash processes, helping businesses automate financial operations such as invoicing and collections to improve working capital efficiency.
TRM ARR surpasses $100M, quadrupled in the past three years
On 2026/10/7, LinkedIn reported that TRM, a US AI cybersecurity company, surpassed USD 100 million in annualized revenue, with fourfold growth over the past three years.
Ampersand completed Series A financing, raising USD 15 million
On 2026-10-6, according to genztech, Ampersand completed Series A financing, raising USD 15 million.
Avarra raises USD 17 million Series A, grows ARR more than 400% year over year
On 2026/10/6, PR Newswire reported that AI sales enablement company Avarra had raised USD 17 million in Series A funding, with annualized revenue growing more than 400% year over year in the same period. It focuses on rapid AI enablement for GTM teams rather than merely automating repetitive work, with funds supporting product iteration and team expansion.
Cleavr Raises €8M Seed to Scale AI Invoice Collection
On October 6, 2026, per Tech.eu, French AI invoice-collection company Cleavr raised €8 million in a seed round led by Varsity, with Kima Ventures, Better Angle, Portfolio Ventures and others, six months after a €1 million pre-seed.
DeepSeek second funding round nears CNY 80 billion, targeting a valuation of approximately CNY 500 billion
On 2026/10/6, Bloomberg reported, citing people familiar with the matter, that DeepSeek was close to securing at least CNY 80 billion, approximately USD 12 billion, in its latest funding round. This substantially exceeded the initial target of approximately CNY 50 billion, with the final total potentially approaching CNY 100 billion. The target valuation was approximately CNY 500 billion, about USD 74.6 billion. CATL and Tencent had made the largest funding commitments, and the process was nearing completion. This was DeepSeek's second external funding round, following CNY 51 billion raised in month 6 at a post-money valuation near CNY 400 billion. It was preparing for a STAR Market IPO in early 2027.
Finches Raises €2M Pre-Seed for AI Early Warnings in Agricultural Procurement
On October 6, 2026, per EU-Startups, Bavaria-based Finches raised €2 million in a pre-seed led by High-Tech Gründerfonds with Vanagon Ventures as co-lead, joined by Bayern Kapital, to bring AI early warnings to agricultural procurement.
Flai raises USD 27 million Series A, says it grew more than 20 times in the past year
On 2026/10/6, Flai announced USD 27 million in Series A funding on its official website, led by Base10 Partners. It said its business had grown more than 20 times over the past year, scheduling more than 50 thousand appointments monthly. The article did not explicitly define growth as revenue or ARR, and supporting evidence from the CEO’s original interview was still needed for related metrics.
fonio surpasses $15M ARR with explosive 60-day growth
On 2026/10/7, ARR Club reported that US AI company fonio surpassed USD 15 million in annualized revenue following explosive growth over 60 days.
GojiberryAI hit nearly $5M ARR 14 months after starting from zero
On 2026/10/7, according to ARR Club, US AI company GojiberryAI approached USD5 million in annualized revenue 14 months after its founding.
Grepped hit $48M ARR run rate two weeks after entering data brokerage
On 2026/10/7, ARR Club reported that US AI company Grepped achieved a USD 48 million annualized revenue run rate just two weeks after entering the market.
Hadrian completes USD 40 million in funding, using AI agents to uncover exploitable weaknesses
On 2026/10/6, SiliconANGLE reported that Dutch offensive and defensive security company Hadrian completed USD 40 million in new funding for international expansion. AI agents continuously scan enterprise internet exposure and validate attack paths. Its Atlas and Nova products respectively provide attack surface mapping and on-demand penetration testing.
Lambda to raise $4B ahead of planned IPO
On 2026/10/6, TechCrunch reported that Lambda, a US AI computing cloud provider, planned to raise USD 4 billion ahead of its IPO, led by Coatue Management at a pre-money valuation of USD 1.45 billion. The company provides GPU cloud services for AI training and inference, with the round paving the way for its listing.
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.
MagicPath adds USD 500,000 in ARR one week after launching a ChatGPT plugin
On 2026/10/7, ARR Club reported that US AI company MagicPath added USD 500,000 in annualized revenue one week after its ChatGPT plugin launched.
MedPal AI hit £38M ARR in September
On 2026/10/7, ARR Club reported that MedPal AI, a UK AI healthcare company, achieved GBP 38 million in annualized revenue in month 9, as healthcare AI adoption accelerated.
Melius raises $25M to generate ads and videos with AI
On 2026/10/6, TechCrunch reported that Melius, a US AI advertising and video generation platform, raised USD 25 million across Series A and seed rounds, led by CRV. Founded by Joowon Kim, with a founding team previously at Ramp, it shifted to advertising generation after abandoning its first product. Current annualized revenue exceeds USD 1 million.
Meticulous completed Series A financing, raising USD 15 million
On 2026-10-6, according to genztech, Meticulous completed Series A financing, raising USD 15 million.
Moonshot AI completes pre-IPO funding at approximately USD 50 billion valuation, plans Hong Kong listing in the first quarter of 2027
On 2026/10/6, 36Kr reported that Chinese large model company Moonshot AI had completed pre-IPO funding at a valuation of approximately USD 50 billion (approximately CNY 335.2 billion) and planned to list in Hong Kong in the first quarter of 2027. The funding amount was not disclosed.
Nettle Raises $4.8M to Scale AI Workspace for Loss Control
On October 6, 2026, per Tech.eu, UK-based Nettle raised $4.8 million in an oversubscribed seed round led by MTech, with Project A, Sure Valley Ventures and others, bringing total funding to $6.8 million.