News
Company news and developments, with original sources and dates.
Updated from source
Funding RSS ↗Shuzhiwanwu completes equity financing
On 2026-08-19, according to Xiniu Data, Shuzhiwanwu completed equity financing for an undisclosed amount. Investors were Shanghai Qingmiao Artificial Intelligence Industry Venture Capital Partnership (Limited Partnership). The company is a developer of AI companion robots.
Tiduyueqian completes strategic financing
On 2026-08-19, according to Xiniu Data, Tiduyueqian completed strategic financing, raising tens of millions of RMB. Investors were Sanze Venture Capital. The company is a provider of intelligent skin AI application services.
Veeda AI Raises $90M Seed to Build World Models for Physical Intelligence
On August 19, 2026, per BetaKit, Veeda AI secured a $90M seed round from Radical Ventures and Khosla Ventures to build world models for physical intelligence. The company was co-founded by Sanja Fidler, Zan Gojcic and Huan Ling; Fidler previously led NVIDIA's Toronto AI research team, Gojcic serves as CTO and Ling as chief scientist.
Velaura AI completes Series A financing
On 2026-08-19, according to Xiniu Data, Velaura AI completed Series A financing, raising USD 110 million. Investors were Seligman Ventures, Capricorn Investment Group, Samsung Catalyst Fund, Xingjian Capital, Maverick Silicon. The company is a developer of U.S. low-power AI chips.
Woshi Technology completes equity financing
On 2026-08-19, according to Xiniu Data, Woshi Technology completed equity financing for an undisclosed amount. Investors were Hunan Yuwozhisuan Venture Capital Partnership (Limited Partnership), Foshanshengjieguquan Investment Partnership (Limited Partnership), Suzhou Suchuangzhihuirencai Venture Capital Partnership (Limited Partnership), Hangzhou Yuanqiaozhilongguquan Investment Partnership (Limited Partnership). The company is an AI decision platform for the pharmaceutical industry.
Xpander.ai completes seed financing
On 2026-8-19, according to Xiniu Data, Xpander.ai completed seed financing, raising USD 7.5 million. Investors were PICO Partners, Emerge Ventures, Seed IL, SamsungNEXT.
Yushu Technology completes an IPO
On 2026-8-19, according to Xiniu Data, Yushu Technology completed an IPO, raising RMB 6.099 billion.
Zhihe completes Series A financing
On 2026-8-19, according to Xiniu Data, Zhihe completed Series A financing, raising tens of millions of RMB. Investors were Datai Capital, Shanghai Minxingjinrong Investment Development Co., Ltd. Deng.
Baidu reports CNY 31.3 billion in second-quarter 2026 revenue, approximately USD 4.62 billion
On 2026/8/18, Baidu Group reported total revenue of CNY 31.3 billion in the second quarter of 2026, officially converted to USD 4.62 billion, down 4% year over year. AI application revenue was CNY 2.5 billion, up 3% year over year.
Baoyue Technology completes seed financing
On 2026-08-18, according to Xiniu Data, Baoyue Technology completed seed financing, raising RMB 10 million. The company is a developer of consumer non-invasive brain-computer interface technology.
CyboPal completes angel financing
On 2026-08-18, according to Xiniu Data, CyboPal completed angel financing, raising hundreds of millions of RMB. Investors were lead investor Dongfangfuhai, participating investor Lianxiangzhixing, participating investor Tianqi Capital, other participating investors. The company is an AI desktop robot developer.
Deepfine completes Series B financing
On 2026-08-18, according to Xiniu Data, Deepfine completed Series B financing, raising USD 7.08 million. Investors were LIG D&A-IBKC, Hyosung Ventures, POSCO. The company is an industrial spatial AI platform vendor.
Etched raises USD 700 million at USD 21 billion valuation
On 2026/8/18, Etched officially announced that the US AI inference chip company had raised USD 700 million at a USD 21 billion valuation. Jane Street led after testing its hardware, and it also delivered its first AI accelerator rack.
Etched.ai completes equity financing
On 2026-08-18, according to Xiniu Data, Etched.ai completed equity financing, raising USD 700 million. Investors were Jane Street, Tiger Global Management, Stripes, Sequoia Capital, Primary Venture Partners and others. The company is a U.S. designer and developer of chips dedicated to language model inference.
Fangcunyueqian completes equity financing
On 2026-08-18, according to Xiniu Data, Fangcunyueqian completed equity financing for an undisclosed amount. Investors were Muhuashuiqing (Shanghai) Venture Capital Partnership (Limited Partnership), Wuxianqihanghaihe (Tianjin) Venture Capital Partnership (Limited Partnership), Tianjin Xinglianjianronghaihe Venture Capital Fund Partnership (Limited Partnership), Hainan Guangdahuitong Management Consulting Partnership (Limited Partnership). The company is an AI agent security solutions provider.
Fomo exceeds USD 150 million in annualized revenue
On 2026/8/18, X reported that Fomo, a US social platform, exceeded USD 150 million in annualized revenue. Daily spot trading volume exceeded USD 100 million, though this trading volume was not included in revenue.
Fomofly surpasses $100k ARR in 4 months with no VC funding
On 2026/8/18, LinkedIn reported that Fomofly in Taiwan, China, surpassed USD 100,000 in ARR within 4 months without venture capital funding. The company is an independent developer project.
Higgsfield surpasses $700M ARR with $400M series B at $5.4B valuation
On 2026/8/18, PR Newswire reported that Higgsfield, a US generative AI video platform, surpassed USD 700 million in ARR and completed USD 400 million in Series B funding at a valuation of USD 5.4 billion.
iRegene completes equity financing
On 2026-08-18, according to Xiniu Data, iRegene completed equity financing for an undisclosed amount. Investors were Sichuan Shengchengguozhuanhua Investment Yindao Fund Partnership (Limited Partnership), Chengdu Hongsheng Phase One Venture Capital Partnership (Limited Partnership), Wuxi City Biotechnology Pharmaceutical Industry Fund (Limited Partnership), Shenzhen City Pengyuanjishi Private Equity Investment Fund Partnership (Limited Partnership), Chengdu Weilai Industry Venture Capital Development Fund Partnership (Limited Partnership), Shanghai Dingtaixing Technology Development Co., Ltd.. The company is a developer of chemically induced cell therapy drugs.
Jianaishuzhi completes equity financing
On 2026-08-18, according to Xiniu Data, Jianaishuzhi completed equity financing for an undisclosed amount. Investors were Hefei Renchuang Phase Four Venture Capital Partnership (Limited Partnership). The company is a provider of solutions for large model end-to-end application.
Jiateng Robotics completes strategic financing
On 2026-8-18, according to Xiniu Data, Jiateng Robotics completed strategic financing, raising tens of millions of RMB. Investors were Heertai, Daohechangqi Investment, Jinmu Capital.
Jindieshikong completes equity financing
On 2026-08-18, according to Xiniu Data, Jindieshikong completed equity financing for an undisclosed amount. Investors were Brizan Ventures VII LP, Hangzhou Jindie Venture Capital Partnership (Limited Partnership), Zhuhai Xinchen Investment Co., Ltd., Zhuhai Huixin Investment Partnership (Limited Partnership), Shenzhen City Naixinyihao Venture Capital Partnership (Limited Partnership). The company is a developer and manufacturer of RISC-V high-performance CPU chips.
LINXAI completes strategic financing
On 2026-08-18, according to Xiniu Data, LINXAI completed strategic financing, raising RMB 70 million. Investors were lead investor Zhongshangaoxinzhiguang Venture Capital Fund Partnership (Limited Partnership). The company is a developer of intelligent robots.
OpenCSG completes Pre-Series A financing
On 2026-08-18, according to Xiniu Data, OpenCSG completed Pre-Series A financing, raising hundreds of millions of RMB. Investors were Jingan Capital, Shibeigaoxin, Shanghai Guangqihuichan Phase One Private Investment Fund Partnership (Limited Partnership), Yanchenghuanghaihuichuangdongfang Industrial Investment Fund Partnership (Limited Partnership), Shanghai Xinjingpu Venture Capital Partnership (Limited Partnership) and others. The company is a provider of open-source large-model ecosystem platforms.