News
Company news and developments, with original sources and dates.
Updated from source
Funding RSS ↗DramaBox generates approximately USD 195 million first-half in-app purchase revenue, leads overseas short-drama chart
DramaBox, an overseas short-drama app under Dianzhong Technology, generated approximately USD 195 million in in-app purchase revenue in the first half of 2026, topping overseas micro-drama apps by revenue. The top three in the second-half revenue chart remained DramaBox, ReelShort and NetShort, together accounting for nearly half of TOP20 in-app purchase revenue.
NetShort generates approximately USD 128 million in first-half in-app purchase revenue
NetShort, an overseas short-drama app under Chongqing Maiya Media, generated approximately USD 128 million in in-app purchase revenue in the first half of 2026, ranking third among overseas micro-drama apps by revenue. NetShort held approximately 45 places and DramaWave approximately 33 places on the top hundred overseas AI drama chart.
Privy exceeds USD 24 million ARR, adds approximately USD 1 million monthly, retains 99.4% of customers and remains profitable every month since founding
On 2026/7/31, LinkedIn reported that US e-commerce email marketing platform Privy had exceeded USD 24 million ARR, adding approximately USD 1 million monthly, with 99.4% customer retention. It said it had remained profitable every month since founding.
Bustem reaches USD 5 million ARR through profitable bootstrapping
On 2026/7/30, X reported that US company Bustem had reached USD 5 million ARR without outside funding and remained profitable. The company continued maintaining profitability.
Sokin reaches USD 90 million ARR, grows more than 100% year over year
On 2026/7/30, Sokin reported that the UK cross-border payments company had reached USD 90 million ARR, growing more than 100% year over year while remaining profitable. It covered more than 170 countries, more than 70 currencies and 18 banking partners.
Namecheap exceeds USD 500 million ARR
On 2026/7/29, LinkedIn reported that US domain and web services company Namecheap had exceeded USD 500 million ARR and processed large volumes of multicurrency transactions.
Beilianzhuguan raises RMB 100 million in Series A financing
On 2026-07-28, according to Xiniu Data, Beilianzhuguan completed Series A financing, raising RMB 100 million. Investors were lead investor Aliyun, participating investor Hongshan China, participating investor Yuanjing Capital. The company is an AI-native operations and maintenance services provider.
Yinglingdian Technology raises nearly USD 50 million
On 2026/7/28, Elsewhere reported that Chinese Scientific AGI company Yinglingdian Technology had raised nearly USD 50 million. Funds would support a foundational platform for scientific intelligence across all domains.
Scape Raises $3.2M from YC and General Catalyst for AI-Native Mail
In July 2026, per Tech.eu, AI-native email and task management startup Scape raised $3.2M from Y Combinator, General Catalyst and FundersClub. The company was co-founded by Swedish entrepreneurs Melvin Hagberg and Elis Hodzic, both around 23 when they launched the product.
AegisAI Raises $36M Series A Led by Battery for AI Anti-Phishing
On July 23, 2026, per TechCrunch, AI email anti-phishing company AegisAI raised $36M in a Series A led by Battery Ventures with Accel and Foundation Capital. The company was co-founded by Cy Khormaee and Ryan Luo, who previously worked on Google's Safe Browsing and reCAPTCHA security technologies.
Arrakis Technologies Raises $38M Total for Industrial AI Agent Platform
On July 22, 2026, per Tech.eu, industrial operations AI agent platform Arrakis emerged from stealth with $38M in total funding, including a $30M Series A led by Blossom Capital with Accel. The company was co-founded by former Accel investor Rafael Quintanilla, ex-Palantir employees Haroun Beltaifa and Romain Fouilland, and former Delivery Hero staff Mikhail Galkov.
Enverson reaches USD 100 thousand ARR in 196 days
On 2026/7/16, LinkedIn reported that US company Enverson AI had grown ARR to USD 100 thousand within 196 days. It maintained a lean team and product-led customer acquisition.
Maple reaches USD 17.6 million ARR, grows 22% year over year
On 2026/7/15, X reported that US company Maple had reached USD 17.6 million ARR, growing 22% year over year. It continued maintaining steady subscription growth.
Litium exceeds SEK 100 million in ARR, growing 18.6% over 18 months
On 2026/7/11, LinkedIn reported that Swedish e-commerce platform Litium exceeded SEK 100 million in ARR, approximately USD 10 million, with growth of 18.6% over the past 18 months. It remained profitable, with revenue growth of 32%.
Mercor acquires Deeptune, expands AI training environments business
On 2026/7/10, Mercor reported that the US AI recruitment platform had acquired reinforcement learning software company Deeptune to expand AI training environments alongside more than 5 million domain experts. Deeptune had previously raised USD 43 million in Series A funding.
MiniMax completes approximately HKD 16 billion new-share placement and convertible bond funding, underwritten by Morgan Stanley
On 2026/7/10, Cailian Press and Zhidx reported that AI large-model company MiniMax, also known as Xiyu Technology (0100.HK), had announced financing after listing on the Hong Kong main board in month 1 that year. It proposed placing 35.6 million new Class A shares at HKD 268 per share, raising approximately HKD 9.54 billion gross, while issuing HKD 6.5 billion principal of zero-coupon guaranteed convertible bonds due in 2027. The initial conversion price was HKD 335 per share, approximately 12.64% above the closing price. Combined net proceeds were approximately HKD 15.957 billion, approximately 13.8 billion yuan (CNY) or approximately USD 2 billion. Morgan Stanley underwrote the transaction, attracting leading international sovereign funds, long-term funds and major Chinese institutions. Approximately 80% of funds would support AI infrastructure and large-model R&D. This was MiniMax’s first large-scale financing after listing.
Payhawk exceeds USD 100 million ARR, growing 100 times in five years
On 2026/7/8, LinkedIn reported that UK corporate spend management platform Payhawk had exceeded USD 100 million ARR, compared with USD 1 million five years earlier. New business in month 6 grew 159% year over year, and a 1.2 burn multiple maintained growth efficiency.
Mercor exceeds USD 2 billion ARR, doubling in four months
On 2026/7/7, X reported that US AI recruitment and training data platform Mercor had exceeded USD 2 billion ARR, compared with USD 1 billion four months earlier, reflecting rapid expansion of its domain expert network.
MicroHalos reaches USD 500 thousand ARR 6 months after launch
On 2026/7/7, LinkedIn reported that US company MicroHalos had reached USD 500 thousand ARR 6 months after launch. Founded by Scott Clark, it integrates phone, LinkedIn, website and email data to support revenue teams’ decisions.
Outward Intelligence bootstraps to USD 10 million ARR
On 2026/7/2, LinkedIn reported that US company Outward Intelligence had reached USD 10 million ARR, compared with USD 1 million ARR in its first year. It maintained retention of early customers while bootstrapping, emphasizing AI to augment team capabilities.
Zernio reaches USD 2 million ARR
On 2026/7/2, X reported that Zernio, a US API company for unified social platform integrations and OAuth management, had reached USD 2 million ARR. It addresses the difficulties of maintaining multiple platforms, with growth mainly driven by US developer adoption.
Build Concierge reaches USD 2.138 million ARR 6 months after launch
On 2026/7/1, LinkedIn reported that UK company Build Concierge had reached USD 2.138 million in pure software ARR 6 months after launch. It had completed more than 310 thousand AI workflows, maintained 100% system availability and signed 66 customers.
Huamaizhinao raises an undisclosed amount in equity financing
On 2026-06-30, according to Xiniu Data, Huamaizhinao completed equity financing for an undisclosed amount. Investors were Yibinchangbojinyiguquan Investment Partnership (Limited Partnership). The company is a developer of robotics technology.
Billit exceeds EUR 25 million ARR and remains profitable
On 2026/6/25, LinkedIn reported that Belgian accounting and invoicing platform Billit had exceeded EUR 25 million ARR, grown revenue more than 30% and remained profitable. It operated in 37 countries, with a 2026 ARR target of EUR 30 million.