News
Company news and developments, with original sources and dates.
Updated from source
Funding RSS ↗OpenAI annualized revenue claim for 2024/12 remains to be checked
ARR Club dated OpenAI's USD 5.5 billion annualized revenue to 2024/12/2. A later Reuters report reviewed the company-wide run rate for month 12, but it does not establish a disclosure on that date or justify attributing the figure to ChatGPT product ARR.
Hugging Face hit $130.1M revenue and 50K customers in 2024
In 2024, according to GetLatka, AI model community Hugging Face annual revenue reached USD 130.1 million, a significant increase from USD 70 million in 2023, with 50,000 customers, cumulative funding of USD 395.2 million, and a valuation of USD 4.5 billion.
Mistral AI reaches USD 30 million in ARR
On 2024/11/29, Sifted reported that Mistral AI, a French open-source large model company, disclosed annual recurring revenue of USD 30 million. As a prominent European counterpart to OpenAI, it expanded rapidly in enterprise large model services.
Rayz discloses latest business progress
On 2024/11/18, VCs Memo reported that startup Rayz had announced its latest business progress without disclosing directly quantifiable revenue or funding amounts. Its specific business focus remained subject to future disclosure.
Glow discloses latest business progress
On 2024/11/9, X reported that startup Glow had announced its latest business progress without directly quantifiable revenue or funding amounts. Its product serves the AI developer community, with business details awaiting further disclosure.
UnifyApps raises USD 20 million in Series A financing
On 2024-11-9, according to Xiniu Data, UnifyApps completed Series A financing, raising USD 20 million.
Affiniti reaches USD 3 million ARR
On 2024/11/4, ARR Club reported that US sales intelligence platform Affiniti had disclosed USD 3 million in annual recurring revenue. It helps enterprises identify website visitors and enrich lead data.
Yinglifeishuzhi completes strategic financing
On 2024-11-4, according to Xiniu Data, Yinglifeishuzhi completed strategic financing, raising an undisclosed amount.
Bifrost AI raises USD 8 million in Series A financing
On 2024-10-31, according to Xiniu Data, Bifrost AI completed Series A financing, raising USD 8 million.
Diffblue completes Series B financing of USD 6.3 million
On 2024-10-30, according to Xiniu Data, Diffblue completed Series B financing of USD 6.3 million
Year of G2 ARR milestone above USD 100 million remains to be verified
ARR Club placed G2's milestone above USD 100 million in ARR in 2024/10, but a later GetLatka correction said it originated from management's year-end target in 2022. The USD 113 million in the old article instead corresponded to an estimate for 2023. A new revenue event in 2024/10 could not yet be confirmed, and the original record's USD 100 million in funding also lacked corresponding evidence, so no amount was included for aggregation.
Sierra exceeds USD 20 million annualized revenue, raises USD 175 million
On 2024/10/28, Reuters reported, citing sources, that Sierra had exceeded USD 20 million annualized revenue without specifying subscription ARR. It also completed USD 175 million in funding at a USD 4.5 billion valuation.
Phaseshift Technologies raises USD 3 million in seed financing
On 2024-10-21, according to Xiniu Data, Phaseshift Technologies completes USD 3 million seed round financing.
Skio ARR at $11M and profitable
On 2024/10/16, X reported that Skio, a US Shopify subscription management platform, reached USD 11 million in annual recurring revenue and had become profitable. It helps e-commerce brands manage subscriptions, with one-click migration improving conversion by 72% and passwordless login reducing support tickets by 60%. Customers include Liquid IV and Milk Bar.
Snyk’s AI-Native SAST Product Passes $100M in ARR
On 2024/10/3, EIN Presswire reported that Snyk Code, the AI-native SAST product of US developer security platform Snyk, surpassed USD 100 million in annual recurring revenue, with significant year-over-year growth. It lets developers instantly scan source code while coding and receive remediation suggestions without lengthy security testing reports.
Moveworks ARR surpass 100M
On 2024/9/25, Moveworks reported that the US enterprise AI assistant platform exceeded USD 100 million in annual recurring revenue at a valuation of USD 2.1 billion. Its unified interface helps employees at large enterprises automate tasks and retrieve information across business systems.
Jifeng Technology raises RMB 10 million in angel financing
On 2024-9-20, according to Xiniu Data, Jifeng Technology completed RMB 10 million angel round financing.
Photoroom: The $50M/Year Background removal tool
On 2024/9/17, Today in AI reported that U.S. AI background removal tool PhotoRoom completed USD 43 million in Series B financing at a USD 500 million valuation, bringing total financing to USD 64 million. Its current annual revenue was approximately USD 50 million. Initially designed for e-commerce sellers, the product had been used to promote the Barbie film and Taylor Swift's new album.
onX Hunt’s USD 6 million revenue measure awaits verification
On 2024/9/12, ARR Club used inconsistent measures for the same onX Hunt signal: the title stated USD 6 million in monthly recurring revenue, while the metric field stated USD 6 million in annual recurring revenue. The original disclosure has not been verified, so no specific amount is currently adopted.
Aifleet raises USD 17 million in Series B financing
On 2024-9-11, according to Xiniu Data, Aifleet completed Series B financing, raising USD 17 million.
Glean has approximately USD 55 million in annualized subscription revenue, targeting USD 100 million by year-end
According to The Wall Street Journal on 2024/8/8, Glean had approximately USD 55 million in annualized subscription revenue, with USD 100 million by year-end as its target at the time. It did not disclose a specific ARR figure when announcing funding in month 9.
Mintlify raises USD 18.5 million in Series A financing
On 2024-9-6, according to Xiniu Data, Mintlify completed Series A financing, raising USD 18.5 million.
IdentifAI raises EUR 2.2 million seed round
On 2024-9-2, according to Xiniu Data, IdentifAI raises EUR 2.2 million seed round.
Dify.AI raises tens of millions of RMB in Series A financing
On 2024-8-28, according to Xiniu Data, Dify.AI completed Series A financing, raising tens of millions of RMB.