News
Company news and developments, with original sources and dates.
Updated from source
Funding RSS ↗Glass Imaging is acquired
On 2026/9/15, Xiniu Data reported that Glass Imaging was acquired for an undisclosed amount. The investor was OpenAI. The company develops AI image enhancement technology in the US.
HiDream completes Series C+ financing
On 2026-09-15, according to Xiniu Data, HiDream completed Series C+ financing for an undisclosed amount. Investors were Xinwei Capital, Jiaozi Capital, Gongyin Capital. The company is a provider of multimodal generative AI large models.
Kunlun Tech says first-half AI short-drama platform revenue was CNY 1.535 billion
On 2026/9/15, a WeChat public account reported that Kunlun Tech chairman and CEO Fang Han had disclosed in a campus recruitment presentation that revenue related to AI short-drama platforms DramaWave and FreeReels was CNY 1.535 billion in the first half of 2026, growing 163.28% year over year.
Learna has USD 2.6 million monthly gross billings across both platforms, once ranked second on the US iOS education top-grossing chart
Learna teaches English to non-native speakers living in the US, dividing learning into 13 urgent scenarios such as hospitals, courts, banks and interviews. AI plays receptionists, doctors and interviewers in real-time conversations. Sensor Tower’s 2026 figures put monthly gross billings across both platforms at USD 2.6 million. It once reached Top 2 on the US iOS education top-grossing chart, behind only Duolingo. More than 7 tenths of revenue came from the US, retention was 68% and pricing USD 6.99 per week.
Malong Technologies completes equity financing
On 2026-09-15, according to Xiniu Data, Malong Technologies completed equity financing for an undisclosed amount. Investors were Tianjin Yuandu Venture Capital Partnership (Limited Partnership). The company is a provider of AI education services.
Nara Health raises USD 14 million in seed financing
On 2026-09-15, according to Xiniu Data, Nara Health completed seed financing, raising USD 14 million. Investors were lead investor Khosla Ventures, participating investor Long Journey Ventures, participating investor Superior Studios. The company is a U.S. AI-native third-party health insurance administration platform.
Saber hit £13M ARR bootstrapped with no sales team
On 2026/10/7, Prolific North reported that Saber, a UK AI SaaS company, achieved GBP 13 million in annualized revenue, approximately USD 17 million, without a sales team.
Xingzhixianzhi Technology completes equity financing
On 2026-09-15, according to Xiniu Data, Xingzhixianzhi Technology completed equity financing for an undisclosed amount. Investors were Shanghai Xuhuikefu Phase One Venture Capital Partnership (Limited Partnership), Beijing Huiguangyuhe Venture Capital Fund Partnership (Limited Partnership). The company is a provider of AI technology services.
Xushi Technology raises tens of millions of RMB in angel financing
On 2026-9-15, according to Xiniu Data, Xushi Technology completed angel financing, raising tens of millions of RMB.
Yincheng Intelligent Raises ~RMB 100M in Series A
On September 15, 2026, Shanghai-based Yincheng Intelligent, a general picking robot developer, raised close to RMB 100 million in a Series A co-led by Huamin Capital and Shanghai Semiconductor Industry Investment. It was founded by Pu Qunyan.
ZhiDiag Tech Raises RMB 53M in Pre-A Round
On September 15, 2026, Hangzhou-based ZhiDiag Tech, a smart medical technology provider, raised RMB 53 million in a Pre-A round led by Hongshiliang Group, at a valuation above RMB 1 billion. The company builds medical multimodal foundation models.
Zhinuo Robotics raises hundreds of millions of RMB in seed financing
On 2026-09-15, according to Xiniu Data, Zhinuo Robotics completed seed financing, raising hundreds of millions of RMB. Investors were Shunyuguangxue, Muxigufen, Zhongwangyinxin, Saiyi Industry Fund, Heli Capital and others. The company is a developer of general-purpose embodied intelligence and multi-robot collaboration models.
ZhiXiang Future Secures C+ Round
On September 15, 2026, Hefei-based ZhiXiang Future, a multimodal generative AI foundation model provider, closed a C+ round backed by Xinwei Capital, Jiaozi Capital and ICBC Capital, with the amount undisclosed.
Zixiafeng Technology completes equity financing
On 2026-9-15, according to Xiniu Data, Zixiafeng Technology completed equity financing. Investors were Shanghai Fengqiaoqinghong Asset Management Partnership (Limited Partnership), Shanghai Yuntianshichucheng Venture Capital Partnership (Limited Partnership).
Arlequin AI raises EUR 28 million in Series A financing
On 2026-09-14, according to Xiniu Data, Arlequin AI completed Series A financing, raising EUR 28 million. Investors were co-lead investor OTB Ventures, co-lead investor Redalpine Venture Partners, participating investor Xavier Niel, participating investor BPI France, participating investor 10X Founders, participating investor Vsquared Ventures. The company is a developer of AI systems.
Cornelis Networks raises USD 205 million in equity financing
On 2026-09-14, according to Xiniu Data, Cornelis Networks completed equity financing, raising USD 205 million. Investors were lead investor IAG Capital Partners. The company is a provider of AI interconnect technology.
Cornelis raises USD 205 million
On 2026/9/14, AI and high-performance computing networking company Cornelis Networks announced new products and disclosed USD 205 million in funding. The original announcement did not specify a round; this record retains a note that evidence for the round remains to be added.
ENCOS Raises Over RMB 300M in Series B
On September 14, 2026, Nanjing-based ENCOS, a developer of core components for humanoid robots, raised over RMB 300 million in a Series B backed by CITIC Jinshi, Nice, Suzhou VC, Huarui Investment, Nanjing Jiaokong and Huarui VC.
ENCOS raises RMB 300 million in Series B financing
On 2026-09-14, according to Xiniu Data, ENCOS completed Series B financing, raising RMB 300 million. Investors were Zhongxinjinshi, Naaisi Group, Su Venture Capital, Huarui Investment, Nanjing City Jiaotong Group, Huarui Fund, Fuxingchuangfu, Shen Venture Capital, Huakong Fund, Jinqiu Fund, Puhua Capital. The company is a developer of core humanoid robot and embodied intelligence components.
Liangxun Tech Secures Angel Round
On September 14, 2026, Shanghai-based Liangxun Tech, an AI acceleration and quantum-inspired computing platform developer, closed an Angel round led by Dingfeng Sci-Tech, with the amount undisclosed.
Nuance Labs Raises $50M Series A for Audiovisual Understanding Models
On September 14, 2026, per Nuance Labs, real-time audiovisual understanding and emotional expression foundation model company raised $50M in a Series A led by Lightspeed Venture Partners with Accel, South Park Commons, NVIDIA and Define Ventures. The company was founded by former Apple researchers Fangchang Ma, Edward Zhang and Karren Yang.
Qupital raises USD 300 million in Series C financing
On 2026-9-14, according to Xiniu Data, Qupital completed Series C financing, raising USD 300 million. Investors were M Capital, MUFG, Quester Capital Deng.
Tandem Health Raises USD 100M in Series B
On September 14, 2026, Sweden-based Tandem Health raised USD 100 million in a Series B led by EQT Scaleup Europe Fund. The company develops AI medical scribes and AI-native clinical management systems for European healthcare providers.
Tanguiwujie completes equity financing
On 2026-09-14, according to Xiniu Data, Tanguiwujie completed equity financing for an undisclosed amount. Investors were Shanghai Lanchixinhao Venture Capital Partnership (Limited Partnership), Xiamen Yaheng Venture Capital Fund Partnership (Limited Partnership), Shanghai Jiuheshenyuan Venture Capital Partnership (Limited Partnership), Wuxi Shenqileye Private Fund Partnership (Limited Partnership), Chengdu Zhongdingxinxingguquan Investment Partnership (Limited Partnership). The company is a developer of embodied intelligence hardware.