News
Company news and developments, with original sources and dates.
Updated from source
Funding RSS ↗Warmly reaches USD 1 million in ARR
On 2024/7/4, LinkedIn reported that Warmly disclosed annual recurring revenue (ARR) of USD 1 million in the AI Sales & Marketing sector.
HeyGen exceeds USD 35 million in ARR and raises USD 60 million in Series A funding
On 2024/6/20, HeyGen announced USD 60 million in Series A funding led by Benchmark at a valuation above USD 500 million. ARR grew from USD 1 million to over USD 35 million in a little more than a year, and it had been profitable since the second quarter of 2023.
Hark raises USD 3.5 million in seed financing
On 2024-6-19, according to Xiniu Data, Hark completed seed financing, raising USD 3.5 million.
Genspark raises USD 60 million in seed financing
On 2024-6-18, according to Xiniu Data, Genspark completed seed financing, raising USD 60 million.
No robotic feel: Gege AI generates commercial-quality songs in 30 seconds, raises new funding | 36Kr exclusive
AI music generation product Gege AI (Yinlü Shandong) raised several million CNY in pre-Series A funding from Xichuangtou, supporting product iteration and market growth.
Pocket FM reaches USD 150 million in ARR
On 2024/3/28, VCs Memo reported that Pocket FM, an Indian audio series platform, disclosed annual recurring revenue of USD 150 million. Focused on regional-language audio dramas and podcasts, it expanded rapidly in audio consumption in India and emerging markets.
6sense exceeds USD 200 million annual revenue, driven by sales intelligence innovation and market share growth
On 2024/3/27, 6sense reported that the US AI revenue forecasting platform 6sense had exceeded USD 200 million in annual revenue for the first time in the fiscal year ended 2024/1/31, growing 40% year over year, while customers grew 30%. It uses AI to turn B2B data into revenue pipeline insights.
Fal reaches USD 1 million ARR
On 2024/2/10, ARR Club reported that US AI image generation infrastructure platform Fal had disclosed USD 1 million in annual recurring revenue. Co-founded by Burkay and Gorkem, it provides high-throughput GPU inference backends for developers. This milestone marked a stable commercialization stage.
AppsFlyer reaches USD 400 million in ARR
On 2024/1/23, AppsFlyer reported that the Israeli mobile marketing attribution platform AppsFlyer disclosed annual recurring revenue of USD 400 million. It provides install attribution and fraud prevention analytics for mobile apps and holds an important position in the global mobile advertising technology market.
Kpler at $100M ARR
On 2024/1/10, Kpler reported that the global commodity trading intelligence platform disclosed annual recurring revenue of USD 100 million. It covers more than 40 commodity markets and has the largest maritime dataset, reaching this scale primarily through organic growth and strategic acquisitions.
Reducto reaches USD 1 million ARR
On 2024/1/5, First Round Review reported that US document data extraction platform Reducto had disclosed USD 1 million in annual recurring revenue. It uses AI to automatically extract structured data from unstructured documents, achieving product-market fit at an early stage.
Dub discloses latest business progress
On 2024/1/1, X reported that US open-source link management tool Dub had announced its latest business progress without disclosing directly quantifiable revenue or funding amounts. An open-source alternative to bitly, it continued iterating within developer and marketing communities.
Apollo.io reaches USD 96 million in ARR
On 2023/12/25, ARR Club reported that Apollo.io, a US B2B sales data platform, disclosed annual recurring revenue of USD 96 million. It doubled from USD 48 million in ARR within a year, with its sales intelligence platform continuing to penetrate the small and medium-sized business market as it approached the USD 100 million milestone.
Smart HR passed $100M ARR
On 2023/12/21, according to X, Japanese cloud HR SaaS company SmartHR disclosed that its annual recurring revenue had surpassed USD100 million. The company provides cloud services for human resources and labor management, is backed by Sequoia Capital Global Equities and Light Street Capital, and is expanding rapidly in the Japanese HR market.
Kong at $100M ARR
On 2023/12/13, Kong reported that the US API management platform disclosed annual recurring revenue of USD 100 million. Spun out of Mashape in 2017, the company reached a milestone reflecting its enterprise market position in API gateways and service meshes. Only approximately 4% of companies in the industry progress from USD 100 million to USD 1 billion in ARR.
Databricks nearly $2B ARR
On 2023/12/1, SaaStr reported that Databricks, a US cloud data platform, disclosed annual recurring revenue approaching USD 2 billion, with annual growth of approximately 50%. The company provides a unified lakehouse analytics platform for data engineers, scientists, and analysts and continues expanding in the enterprise big data market.
We have become a platform mid-market and large enterprises can trust to deliver high-performing marketing content consistent with their brands.
On 2023/12/1, Maginative reported that US generative AI marketing content platform Jasper had appointed Timothy Young as CEO after growth slowed and reduced its internal valuation. It initially gained brand customers including Airbnb and HarperCollins using OpenAI technology, with current annualized revenue of approximately USD 90 million.
TweetAI reaches USD 1 million annual revenue
On 2023/11/24, X reported that US AI tweet generation tool TweetAI had disclosed USD 1 million in annual recurring revenue approximately 10 months after launch. As a bootstrapped company, it reached this scale with almost no marketing spending.
Canva at $2B ARR
On 2023/11/22, The Information reported that Canva, an Australian online design platform, disclosed annual recurring revenue of USD 2 billion, year-over-year growth exceeding 50%, and positive cash flow. The company provides accessible design tools for social media graphics and presentations and continues expanding in global consumer and small and medium-sized business markets.
Ahrefs ARR crossed $100M
On 2023/6/3, LinkedIn reported that Ahrefs, a US SEO software company, disclosed annual recurring revenue exceeding USD 100 million. The bootstrapped company reached this revenue scale without relying on paid advertising, with only 10 marketing staff and fewer than 50 total employees.
Customer.io reaches USD 50 million in ARR
On 2023/5/8, ARR Club reported that Customer.io disclosed annual recurring revenue (ARR) of USD 50 million in the AI Sales & Marketing sector.
Brevo reaches USD 100 million ARR
On 2022/12/27, ARR Club reported that French email marketing platform Brevo had disclosed USD 100 million in annual recurring revenue. It provides email marketing and customer communications tools for small and medium-sized businesses, crossing the hundred-million-CNY ARR threshold after establishing itself in Europe.
Stability AI reaches USD 2.1 million in ARR
On 2022/12/26, ARR Club reported that Stability AI, a UK open-source AI image company, disclosed annual recurring revenue of USD 2.1 million. Known for Stable Diffusion, it generated commercial revenue early in the open-source generative AI market.
Storylane reaches USD 900 thousand ARR
On 2022/12/13, ARR Club reported that US product demo platform Storylane had disclosed USD 900 thousand in annual recurring revenue. It helps B2B companies create interactive product demos, marking an early stage in scaling its revenue.