News
Company news and developments, with original sources and dates.
Updated from source
Funding RSS ↗Xijia Medical completes Pre-Series A financing
On 2026-08-17, according to Xiniu Data, Xijia Medical completed Pre-Series A financing, raising tens of millions of RMB. Investors were lead investor Guozhong (Shenzhen) Phase Three Zhongxiaoqiye Development Private Equity Investment Fund Partnership (Limited Partnership), participating investor Weilai Industry (Wuxi) Tianshi Fund Partnership (Limited Partnership), participating investor Qinzhi Capital, participating investor Huichuang Medical, participating investor Xingfu Capital. The company is a developer of AI technology for brain science.
Xijian Technology completes equity financing
On 2026-08-17, according to Xiniu Data, Xijian Technology completed equity financing for an undisclosed amount. Investors were Nanjing Jingweichuangsanhao Investment Partnership (Limited Partnership), Yangzhou Jingkaihuayingxianjin Intelligent Manufacturing Investment Fund Partnership (Limited Partnership). The company is a developer of brain-inspired visual chips.
Zhenli Technology completes equity financing
On 2026-08-17, according to Xiniu Data, Zhenli Technology completed equity financing for an undisclosed amount. Investors were Shuanshuzhi (Wenzhou) Guquan Investment Partnership (Limited Partnership), Hangzhou Xihuzijin Venture Capital Partnership (Limited Partnership). The company is a provider of AI solutions for the energy industry.
OpenAI exceeds USD 40 billion annualized revenue; enterprise revenue overtakes consumer revenue for the first time
On 2026/8/15, IT Home reported that US company OpenAI had exceeded USD 40 billion in annualized revenue, with enterprise revenue overtaking consumer revenue for the first time. CFO Sarah Friar told shareholders that enterprise revenue in month 7 grew 32% month over month and consumer revenue grew 20%.
Qingcheng.ai completes Series A financing
On 2026-08-15, according to Xiniu Data, Qingcheng.ai completed Series A financing, raising hundreds of millions of RMB. Investors were co-lead investor China Dianxin Investment, co-lead investor Hanhui Capital, participating investor Z Fund, participating investor Shangtang Technology, participating investor Zhizhen Technology, participating investor Huashengtiancheng, participating investor Jianxinxintuo, participating investor Lingyang Investment, participating investor Fengyiyuanda Capital, other participating investors. The company is a developer of domestic intelligent computing power systems software.
TERN Group reaches USD 20 million ARR, grows 8 times in the past year
On 2026/8/15, LinkedIn reported that UK company TERN Group had reached USD 20 million ARR, growing 8 times over the past year and serving more than 2000 professionals. USD 100 million ARR was only a future target.
AI animation and 3D content platform Laihua raises CNY 68 million Series D at approximately CNY 3.7 billion post-money valuation
On 2026/8/14, 36Kr reported that Laihua, under Qianhai Shouhui, had raised CNY 68 million in Series D funding from listed company New Oriental at a post-money valuation of approximately CNY 3.7 billion (approximately USD 514 million at 7.2).
Beitawuxian completes equity financing
On 2026-08-14, according to Xiniu Data, Beitawuxian completed equity financing for an undisclosed amount. Investors were Wuxi Bitesongling Artificial Intelligence Venture Capital Partnership (Limited Partnership), Shenzhen City Nanshanzhanxintouyihao Phase Three Private Equity Investment Fund Partnership (Limited Partnership), Yangzhou Helizhixiguquan Investment Partnership (Limited Partnership), Gaodakechuangyinling (Hubei) Private Fund Partnership (Limited Partnership) and others. The company is a developer of consumer embodied AI robots.
Blacksmith Software completes Series B financing
On 2026-08-14, according to Xiniu Data, Blacksmith Software completed Series B financing, raising USD 45 million. Investors were Hongshan Capital Yindu, YC, Gugefengtou. The company is a U.S. AI code testing services provider.
Context Labs completes angel financing
On 2026-08-14, according to Xiniu Data, Context Labs completed angel financing for an undisclosed amount. Investors were Trafigura. The company is a U.S. provider of trusted data solutions.
Databricks revenue run rate exceeds USD 7 billion, with USD 5 billion in strategic funding
On 2026/8/14, Databricks officially disclosed that the US company's second-quarter 2026 revenue run rate exceeded USD 7 billion, up more than 80% year over year. It also received USD 5 billion in strategic funding at a valuation of USD 190 billion.
Fanjie Intelligence completes angel financing
On 2026-08-14, according to Xiniu Data, Fanjie Intelligence completed angel financing for an undisclosed amount. Investors were Anhui Guokekezhuan Venture Capital Fund Partnership (Limited Partnership). The company is a developer of AI software.
Huoxingdenglu completes equity financing
On 2026-08-14, according to Xiniu Data, Huoxingdenglu completed equity financing for an undisclosed amount. Investors were Jiangchengchuangzhi (Wuhan) Venture Capital Fund Partnership (Limited Partnership). The company is a provider of general-purpose spatial computing foundations.
Legora ARR hit $150M, growing 50% in one quarter
On 2026/8/14, FT reported that Legora, a Swedish legal AI company, reached USD 150 million in ARR, with 50% growth within one quarter. The company continues growing rapidly.
Liangyuanxinchuang completes Pre-Series A financing
On 2026-08-14, according to Xiniu Data, Liangyuanxinchuang completed Pre-Series A financing, raising hundreds of millions of RMB. Investors were lead investor Guoke Investment, participating investor Zhaoshangju Venture Capital, participating investor Xianghe Capital, other participating investors. The company is a developer of embodied intelligence foundation models.
Mindgard completes Series A financing
On 2026-08-14, according to Xiniu Data, Mindgard completed Series A financing, raising EUR 26 million. Investors were lead investor Album VC, participating investor Lakestar, participating investor IQ Capital, other participating investors. The company is a UK AI security testing platform.
Mosaihe Technology completes equity financing
On 2026-08-14, according to Xiniu Data, Mosaihe Technology completed equity financing for an undisclosed amount. Investors were Hangzhou Runmiao Fund Phase One Venture Capital Partnership (Limited Partnership). The company is a developer of industrial physical AI and energy AI agents.
Overjoy exceeds USD 2 million ARR
On 2026/8/14, LinkedIn reported that US company Overjoy had exceeded USD 2 million ARR. It serves home improvement and home consumer scenarios and continued expanding its customer base.
Preview completes seed financing
On 2026-08-14, according to Xiniu Data, Preview completed seed financing, raising USD 10 million. Investors were Hongshan Capital (Haiwai), The General Partnership, Badrul Farooqi. The company is a U.S. AI video creation platform.
Reexen completes equity financing
On 2026-08-14, according to Xiniu Data, Reexen completed equity financing for an undisclosed amount. Investors were Gongdadiansheng Co., Ltd., Anhui Jiaokongzhaoshang Information Xinjijian Private Fund Partnership (Limited Partnership), Suzhou Yinghaoxinneng Venture Capital Partnership (Limited Partnership), Haowei Integrated Circuits (Group) Co., Ltd., Changcun Industrial Investment Fund (Wuhan) Partnership (Limited Partnership). The company is a developer of integrated sensing, storage and computing chips.
SalesDraft surpasses $3M ARR with 600+ customers
On 2026/8/14, according to LinkedIn, US sales email AI company SalesDraft surpassed USD3 million in ARR and had more than 600 customers.
Sidekick reaches USD 38 thousand monthly recurring revenue, approximately USD 456 thousand annualized
On 2026/8/14, LinkedIn reported that US company Sidekick had reached USD 38 thousand in monthly recurring revenue, doubling from the previous month, equivalent to approximately USD 456 thousand annualized over 12 months.
Xinping Semiconductor completes equity financing
On 2026-08-14, according to Xiniu Data, Xinping Semiconductor completed equity financing for an undisclosed amount. Investors were Shenzhen City Innovation Capital Investment Co., Ltd., Guangdong Shanhanxianxinerhao Venture Capital Partnership (Limited Partnership), Anhui Xinweizhike Venture Capital Fund Partnership (Limited Partnership), S-YKZ Holding Limited, Ningbo Yidingxing Venture Capital Partnership (Limited Partnership). The company is a developer of display chips for AI glasses.
Yuanliwuxian completes Series A financing
On 2026-08-14, according to Xiniu Data, Yuanliwuxian completed Series A financing, raising RMB 1 billion. Investors were co-lead investor Dunhongzichan, co-lead investor Toubuguozipingtai, participating investor Zheda Holdings Group, participating investor Yandouguokong, participating investor Lishuiguoyou Capital, participating investor Chuangshihuoban, participating investor Hangzhou Xinchuangyinlingziyouzijin Investment Partnership (Limited Partnership), participating investor Hangzhou Linxinshuyi Enterprise Management Partnership (Limited Partnership), other participating investors. The company is a developer of embodied AI robots.