News
Company news and developments, with original sources and dates.
Updated from source
Funding RSS ↗Modal ARR nearing $1B with 10x growth in a year
Modal head of revenue operations David Phippard posted on LinkedIn that the company's ARR was approaching USD 1 billion, having grown approximately 10-fold over the past year. Modal provides cloud computing infrastructure for training and running AI models.
Morfion reaches USD 250 thousand ARR within 6 months
On 2026/9/8, LinkedIn reported that UAE company Morfion had reached USD 250 thousand ARR within 6 months. It is an early-stage AI startup team. It is an early-stage AI team.
Nextrainers ARR hit $100k after 11 months launch
On 2026/9/8, LinkedIn reported that Nextrainers reached USD 100,000 in ARR 11 months after launch. The company is an enterprise training team.
Patika Intelligence completes equity financing
On 2026-09-08, according to Xiniu Data, Patika Intelligence completed equity financing for an undisclosed amount. Investors were Hanxing Venture Capital Co., Ltd.. The company is a developer of AI software and intelligent robots.
Poseidon Aerospace Raises USD 60M in Series A
On September 8, 2026, US-based Poseidon Aerospace raised USD 60 million in a Series A led by TQ Ventures. The company develops autonomous cargo aircraft for commercial logistics and defense resupply.
Pryze ARR hit $10M with 20+ employees
On 2026/9/8, LinkedIn reported that US company Pryze reached USD 10 million in ARR with just over 20 team members. The company maintains a lean team. The team remains lean.
Qianjue Tech Raises Hundreds of Millions in A+ Round
On September 8, 2026, Beijing-based Qianjue Tech, a predictive world model and robot brain developer, raised hundreds of millions of RMB in an A+ round backed by Oriza Houwang and Xiaoguang Capital.
The Exploration Company Raises $450M Series C
On September 8, 2026, per The Exploration Company, reusable spacecraft and rocket propulsion company closed a $450M Series C co-led by Bessemer Venture Partners, Atomico and EQT's Scaleup Europe Fund, with Balderton, Plural, Cherry and Red River West. The company was founded by Hélène Huby, who serves as CEO.
Xiaoyu ZhiZao Raises Hundreds of Millions in B3 Round
On September 8, 2026, Beijing-based Xiaoyu ZhiZao, a developer of general robot brains and industrial embodied-intelligence robots, raised hundreds of millions of RMB in a B3 round backed by Blooming Star, Kamet Capital and Guoke Yingfeng Fund.
Xingzhishidai raises RMB 10 million in seed financing
On 2026-9-8, according to Xiniu Data, Xingzhishidai completed seed financing, raising RMB 10 million. Investors were Chuangyunhai Capital, Lanchi Capital.
Yianlian raises hundreds of millions of RMB in Series C+ financing
On 2026-09-08, according to Xiniu Data, Yianlian completed Series C+ financing, raising hundreds of millions of RMB. Investors were Rongyi Investment, Baohe Venture Capital. The company is a zero-trust security solutions provider.
Yingwei Innovation completes equity financing
On 2026-09-08, according to Xiniu Data, Yingwei Innovation completed equity financing for an undisclosed amount. Investors were Shanghai Lejinhui Enterprise Management Partnership (Limited Partnership), Yixingyouyue Management Consulting Partnership (Limited Partnership), Wuxi Jiyuanzheyuanguquan Investment Partnership (Limited Partnership), Wuxi Xichuangyingwei Venture Capital Partnership (Limited Partnership), Hainan Taida Venture Capital Fund Co., Ltd.. The company is a developer of edge and on-device AI chips.
Youweituxiang completes Series A financing
On 2026-09-08, according to Xiniu Data, Youweituxiang completed Series A financing for an undisclosed amount. Investors were Tianjin Jinhaitong Semiconductor Shebei Co., Ltd.. The company is a provider of semiconductor process control equipment.
Yuntu Zhixing Raises Hundreds of Millions in New Round
On September 8, 2026, Beijing-based Yuntu Zhixing, a global spatial intelligence computing and geoinformation vertical foundation model developer, raised hundreds of millions of RMB in a new round with undisclosed investors. It was founded by Zhang Fan.
Zhilian Technology completes equity financing
On 2026-9-8, according to Xiniu Data, Zhilian Technology completed equity financing. Investors were Suzhou Xinghengweilairencai Venture Capital Partnership (Limited Partnership), Zhongying Venture Capital Co., Ltd., Hangzhou Qizhengainianyanzheng Enterprise Management Partnership (Limited Partnership).
Alpha Long Tech Raises Over RMB 100M in Series B
On September 7, 2026, Alpha Long Tech, a metasurface optics and AR waveguide chip developer, raised over RMB 100 million in a Series B led by Plum Ventures. It was founded by Xu Peipei.
Atira raises USD 17.5 million in seed financing
On 2026-09-07, according to Xiniu Data, Atira completed seed financing, raising USD 17.5 million. Investors were lead investor Accel Partners, participating investor Bastian Nominacher, other participating investors. The company is a German provider of industrial multi-agent sales engineering platforms.
Baitengqingnian completes equity financing
On 2026-09-07, according to Xiniu Data, Baitengqingnian completed equity financing for an undisclosed amount. Investors were Hangzhou Xiluoziyouzijin Investment Co., Ltd.. The company is a provider of AI chronic disease management digital healthcare services.
Beijing Hongsuanzhiyuan Technology completes equity financing
On 2026-09-07, according to Xiniu Data, Beijing Hongsuanzhiyuan Technology completed equity financing for an undisclosed amount. Investors were Shanghai Songxing Enterprise Management Partnership (Limited Partnership). The company is a developer of AI software and hardware products.
CAS Brain Raises Hundreds of Millions in B+ Round
On September 7, 2026, Hefei-based CAS Brain, an AI infrastructure developer for computing-power synergy, raised hundreds of millions of RMB in a B+ round led by CRRC Capital. The company focuses on heterogeneous computing scheduling.
CASSCOM Raises ~RMB 500M in Series B
On September 7, 2026, Beijing-based CASSCOM, an intelligent decision infrastructure and data intelligence solutions provider, raised close to RMB 500 million across its Series B, backed by Nanfang Demao Fund, Beijing Information Industry Fund, Unicom Ventures, Houji Capital, Taiping Sci-Tech Fund, GF Xinde and Xinneng VC.
Chengkeyigong completes equity financing
On 2026-09-07, according to Xiniu Data, Chengkeyigong completed equity financing for an undisclosed amount. Investors were Xingtaigaoxinquxinzhi Industry Development Group Co., Ltd., Zhongkerongyao (Hebei) Intelligence Electronics Co., Ltd.. The company is a provider of intelligent spinal health diagnosis and treatment system development services.
Chuangcaishenzao raises RMB 100 million in Series A+ financing
On 2026-09-07, according to Xiniu Data, Chuangcaishenzao completed Series A+ financing, raising RMB 100 million. Investors were co-lead investor Suzhou Yuanming Venture Capital Zhongxin (Limited Partnership), co-lead investor Jiangsu Nantongjinhui Venture Capital Partnership (Limited Partnership), participating investor Ningbo Meishanbaoshuigangqujinyiguquan Investment Management Partnership (Limited Partnership), participating investor Nanjing Hongfenghuanrong Investment Management Zhongxin (Limited Partnership), participating investor Tianjin Qingchenhaihe Intelligent Manufacturing Venture Capital Fund Partnership (Limited Partnership). The company is an AI and metallic materials developer.
Deep Principle completes equity financing
On 2026-09-07, according to Xiniu Data, Deep Principle completed equity financing for an undisclosed amount. Investors were Shanghai Modou Venture Capital Partnership (Limited Partnership), Shenzhen Huakongqianyan Technology Simu Venture Capital Fund Partnership (Limited Partnership), Xiangfeng Phase Two (Xiamen) Guquan Investment Partnership (Limited Partnership), Zhejiang Kangjunshukang Venture Capital Partnership (Limited Partnership). The company is a developer of AI driven materials.