News
Company news and developments, with original sources and dates.
Updated from source
Funding RSS ↗Final Round AI founder says interview assistant products reach USD 10 million ARR
On 2025/8/14, Wandian Liao interviewed Final Round AI founder Michael Guan, who said its full interview assistant product portfolio had reached USD 10 million ARR. An old record incorrectly described the company as a VC platform; 8/1 is not a verified original publication date.
Character.AI abandons AGI and pivots to AI entertainment, expecting USD 50 million in annual revenue by the end of 2025
On 2025/8/12, Wired reported that AI character chat company Character.AI abandoned its artificial general intelligence goal and pivoted to AI entertainment. Annualized revenue was approximately USD 30 million, with USD 50 million expected by the end of 2025.
Biotechnology startup Tahoe Therapeutics raises USD 30 million to build living-cell AI models
On 2025/8/11, Forbes reported that biotechnology company Tahoe Therapeutics had raised USD 30 million at a USD 120 million valuation, bringing total funding to USD 42 million, with investment from Amplify Partners. It uses living-cell AI models to find new cancer treatments.
Sanas’ USD 40 million ARR claim awaits verification
No verifiable original disclosure has yet been found for this record’s USD 40 million ARR in 2025/8. The listed USD 65 million Series B and valuation exceeding USD 500 million belong to an earlier transaction in 2025/2, not funding on the date of this record.
Encifang completes RMB 10 million angel financing
On 2025-8-8, according to Xiniu Data, Encifang completed RMB 10 million angel financing
Makersite Secures €60 Million for AI-Driven Product Lifecycle Intelligence
On 2025/8/8, Verdantix reported that Makersite, a product lifecycle intelligence platform, completed EUR 60 million in Series B funding co-led by Lightrock and Partech, with participation from SE Ventures.
Autumn discloses latest business progress
On 2025/8/7, ARR Club reported that Autumn had disclosed its latest business progress without directly quantifiable revenue figures. It continued expanding its AI product portfolio.
Lisifang raises RMB 4.5 million in angel financing
On 2025-8-7, according to Xiniu Data, Lisifang completed angel financing, raising RMB 4.5 million.
OpenAI-backed Chai raises USD 70 million for AI-powered drug discovery
In 2025, FT reported that OpenAI-backed AI drug discovery company Chai raised USD 70 million, with investors including Menlo Ventures and Yuri Milner's DST Global Partners. It uses AI to accelerate drug discovery by analyzing large datasets to identify potential candidates.
Tavily raises USD 20 million Series A, bringing total funding to USD 25 million
On 2025/8/6, TechCrunch reported that AI agent search tool Tavily had raised USD 20 million in Series A funding led by Insight Partners, bringing total funding to USD 25 million. ARR Club separately stated that it had approximately 700 thousand users and annual revenue had grown 10 times; these latter two claims still await independent verification against original sources.
Conversational AI platform Rifa AI raises USD 1.1 million
On 2025/8/5, The Economic Times of India reported that enterprise conversational AI platform Rifa AI had raised USD 1.1 million. Founded in 2023 by IIT Bombay alumni Sameer Fulzele and Shubham Khoker, it uses humanlike voice AI to automate customer interactions in insurance, healthcare and finance.
Sequence discloses latest business progress
On 2025/8/4, LinkedIn reported that Canadian platform Sequence had disclosed its latest business progress, growing 10 times within ten months without disclosing directly quantifiable revenue.
fal raises USD 125 million Series C
On 2025/7/31, Yahoo Finance reported that AI media inference platform Fal had raised USD 125 million in Series C funding led by Meritech, with Salesforce Ventures, Shopify Ventures and Google AI Futures Fund participating. Total funding reached USD 197 million, with current annualized revenue of approximately USD 100 million. Founded by Burkay and Gorkem, it supports real-time generation of images, video, audio and 3D content.
RB2B reaches USD 5.7 million ARR
On 2025/7/31, RB2B founder Adam Robinson disclosed that it had reached USD 5.7 million ARR in under 18 months. RB2B identifies B2B website visitors and is not an influencer marketing platform.
MailTester reaches USD 100 thousand ARR
On 2025/7/29, LinkedIn reported that UK email verification tool MailTester had disclosed USD 100 thousand in annual recurring revenue. It helps marketing teams validate addresses to improve deliverability.
Weifenzhifei raises RMB 100 million in Pre-Series A financing
On 2025-7-23, according to Xiniu Data, Weifenzhifei completed Pre-Series A financing, raising RMB 100 million.
Hyper raises USD 6.3 million seed round
The USD 6.3 million seed round reported by TechCrunch on 2025/7/21 belonged to Hyper, an AI platform for answering 911 calls, involving Ben Sanders and Damian McCabe. A later acquirer announcement confirmed the legal entity as HyperYou, Inc. It differs from the 2023 avatar company Hyper and the original container description; the mixed company association has been removed.
Jeeva AI reaches USD 5 million ARR
On 2025/7/21, LinkedIn reported that AI sales platform Jeeva AI had disclosed USD 5 million in annual recurring revenue with a team of 11. Its AI sales agents automatically conduct outreach and qualify prospects.
Picture This reaches USD 100 million in ARR
On 2025/7/18, X reported that Picture This, a UK plant identification app, disclosed annual recurring revenue of USD 100 million. It uses AI to identify plants and provide care recommendations.
OpenEvidence reaches USD 50 million ARR
On 2025/7/17, LinkedIn reported that AI scientific search platform OpenEvidence had disclosed USD 50 million in annual recurring revenue.
Enreach reaches USD 12 million ARR
On 2025/7/16, LinkedIn reported that Dutch communications platform Enreach had disclosed USD 12 million in annual recurring revenue. It provides unified communications and contact center solutions for enterprises.
Nitra discloses latest business progress
On 2025/7/16, X reported that medical payments platform Nitra had announced its latest business progress without disclosing directly quantifiable revenue or funding amounts. It provides payment processing and financial operations tools for medical institutions.
Rivo reaches USD 4.4 million ARR
On 2025/7/16, LinkedIn reported that Shopify membership platform Rivo had disclosed USD 4.4 million in annual recurring revenue. It offers Shopify merchants membership subscriptions and customer retention tools.
Manifold AI completes strategic financing
On 2025-7-14, according to Xiniu Data, Manifold AI completed strategic financing, raising an undisclosed amount.