News
Company news and developments, with original sources and dates.
Updated from source
Funding RSS ↗Shengshu raises more than CNY 600 million Series A+ led by Zhongguancun Science City and Xinglian Capital
On 2026/2/5, the Beijing Municipal Science and Technology Commission’s official website reported that Shengshu had raised more than CNY 600 million in Series A+ funding, led by Zhongguancun Science City Company and Xinglian Capital, with strategic investment from Wondershare, Visual China and TRS.
Cursor's Bugbot reaches USD 10 million in ARR
On 2025/9/15, X reported that Bugbot, a product of AI programming tool Cursor, reached USD 10 million in ARR just 30 days after launch with a team of only 2. The company did not disclose funding or valuation.
Cursor exceeds USD 500 million in ARR and completes USD 900 million in Series C funding at a USD 9.9 billion valuation
On 2025/6/6, the Cursor Team disclosed on its official blog that Cursor exceeded USD 500 million in ARR and completed USD 900 million in Series C funding at a valuation of USD 9.9 billion. Investors included Thrive, Accel, Andreessen Horowitz, and DST. Cursor is an AI programming tool developed by Anysphere.
Grammarly exceeds USD 700 million annual revenue, secures USD 1 billion non-dilutive financing
On 2025/5/29, TechCrunch reported that Grammarly had secured a USD 1 billion non-dilutive financing commitment from General Catalyst. The report cited company annual revenue exceeding USD 700 million without calling it subscription ARR. A USD 700 million revenue estimate is only a lower bound.
Bluwhale discloses USD 100 million in cumulative mixed funding and commitments, including a USD 75 million token purchase commitment
Bluwhale disclosed USD 100 million in cumulative funding and commitments, including a USD 75 million token purchase commitment, government grants, node sales, and previous funding. The amount must not be treated as a single completed USD 100 million equity investment.
Hamming.ai raises USD 3.8 million in seed financing
Brief not available.
Replit reaches USD 3 million in ARR
On 2024/4/17, ARR Club reported that Replit, a US browser coding environment, disclosed annual recurring revenue of USD 3 million. It lets users write and run code directly in the browser with AI-assisted programming, with ARR steadily growing from USD 2.4 million at the start of the year.