News
Company news and developments, with original sources and dates.
Updated from source
Funding RSS ↗Harvey’s ARR grows 4 times in 2024, with customers increasing to 235
Harvey’s 2024 year in review disclosed that annual recurring revenue grew 4 times year over year, without disclosing an absolute revenue figure. Customers increased from 40 to 235 across 42 countries. The original record incorrectly described customers as employees and historical funding as a new round.
Brevo discloses its latest business progress
On 2024/12/27, ARR Club reported that French email marketing platform Brevo announced its latest business progress, disclosing approximately 500,000 users or customers without providing a specific revenue figure.
Speak approaches USD 50 million ARR, raises USD 78 million Series C
On 2024/12/11, The Signal reported that AI speaking app Speak’s ARR approached USD 50 million, growing more than 100% year over year. It announced USD 78 million in Series C funding at a USD 1 billion valuation, bringing total funding to USD 162 million. The funding figures were separately confirmed by Speak’s official announcement.
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.
AI21 Labs’ 2024 revenue estimated at approximately USD 57.8 million by a third party
GetLatka estimated AI21 Labs’ 2024 revenue at approximately USD 57.8 million; this was not an official company disclosure. Its official Series C announcement in 2023/11 stated a USD 1.4 billion valuation and USD 336 million in total funding at that time. These were historical financing figures, not a new round in 2024.
Sources estimate ElevenLabs ARR at approximately USD 80 million, with a potential USD 3 billion valuation
On 2024/10/3, TechCrunch cited sources saying ElevenLabs had approximately USD 80 million in ARR in recent months, though the revenue figure was a secondhand account. A new funding round discussed by investors could value it at USD 3 billion; the transaction had not closed at that time.
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.
Codeium ARR grow from 0 to 8 figures in less than a year
On 2024/8/29, according to Codeium, Codeium reported a revenue growth signal in the AI Coding sector.
Codeium, later renamed Windsurf, raises USD 150 million Series C; paid enterprise ARR reaches eight figures
On 2024/8/29, Codeium officially announced USD 150 million in Series C funding at a USD 1.25 billion valuation. Its paid enterprise product grew ARR from zero to eight figures in USD in under a year, more than 500% above the beginning of the year. It was later renamed Windsurf.
Lyzr.ai ARR at $3M in less than 8 months
On 2024/8/26, according to LinkedIn, US low-code AI agent platform Lyzr.ai reached USD3 million in contracted annual recurring revenue in less than 8 months. The product provides prebuilt frameworks that let users configure RAG pipelines or agent workflows in minutes. It took 4 months to grow from 0 to 1 million in ARR.
The Information reports Rippling above USD 350 million ARR at the end of 2023
On 2024/3/22, The Information cited people familiar with the matter in reporting that Rippling’s annual recurring revenue exceeded USD 350 million at the end of 2023. A Rippling spokesperson disputed the reported revenue and cash burn figures without providing alternatives.
Figure raises USD 675 million in strategic financing
Brief not available.
Rewind discloses its first USD 1 million revenue milestone without specifying ARR
The founder's original post said Rewind reached its first USD 1 million revenue milestone, without specifying that the figure was ARR or giving the corresponding measurement period.
FLUX completes a JPY 4.4 billion Series B funding package including loans
In its official explanation in 2023, FLUX said the Series B package totaled JPY 4.4 billion, including loans, of which JPY 3.35 billion was equity funding. The old USD 32 million figure was a currency conversion. The original announcement on 6/14, the media roundup on the official website on 6/23, and this database's record date of 6/26 must be preserved separately.
Airwallex exceeds USD 100 million in annualized revenue
On 2021/11/18, Airwallex disclosed in a company announcement that annualized revenue exceeded USD 100 million and third-quarter revenue grew 165% year over year. This figure is not strictly ARR.
Sacra research lists Figma’s 2020 revenue at USD 75 million
Sacra’s research page lists Figma’s 2020 revenue as USD 75 million. This is full-year revenue; the current source does not provide the original disclosure date for this historical figure.
Sacra research lists Figma’s 2018 revenue at USD 4 million
Sacra’s research page listed Figma’s 2018 revenue as USD 4 million. This represented full-year revenue, and the current source did not provide the original disclosure date for the historical figure.