News
Company news and developments, with original sources and dates.
Updated from source
Funding RSS ↗Shengshu Technology raises hundreds of millions of CNY in Series A led by Bohua Capital
On 2025/9/19, Securities Times reported that Shengshu Technology had raised hundreds of millions of CNY in Series A funding led by Bohua Capital, with follow-on participation from existing investors including Baidu’s strategic investment arm and Qiming Venture Partners.
Mercor reaches USD 500 million in annual revenue, valued at USD 10 billion after new funding, with about 1,000 team members
On 2025/9/15, YouTube reported that AI talent matching platform Mercor reached USD 500 million in annual revenue and a USD 10 billion valuation after a new funding round, with investors including Benchmark, Felicis, 20VC, and others. It grew from USD 10 million to USD 500 million within 17 months, with a team of approximately 1,000.
Galaxea AI raises USD 100 million at USD 700 million valuation, expects tens of millions of CNY annual revenue in 2025, plans profitability in 2026 and potentially household humanoid robots by 2030
On 2025/9/1, AI Invest reported that Beijing humanoid robotics company Galaxea AI had raised USD 100 million in total at a USD 700 million valuation. Founded in 2023 by scientists with Tsinghua and Stanford backgrounds, it had delivered R1-series humanoid robots to customers including Huawei and Volkswagen and planned to expand into household robotics in 2026.
Turing Market raises nearly ten million 2 months after founding, backed by well-known brands with a core Tsinghua doctoral team
On 2025/8/22, Baijiahao reported that cross-border influencer marketing agent Turing Market had raised nearly ten million CNY in seed funding just two months after founding. Its core team came from Tsinghua University’s doctoral program. It offers performance-priced AI influencer marketing tools and had served overseas-facing brands including Anker, Xiaomi and Shein.
Decart raises USD 100 million at a USD 3.1 billion valuation, pursuing the future of real-time creative AI
On 2025/8/7, Fortune reported that real-time creative AI laboratory Decart completed USD 100 million in Series B funding at a valuation of USD 3.1 billion, bringing total funding to more than USD 150 million. Existing investors including Sequoia, Benchmark, and Zeev Ventures participated, joined by new investor Aleph VC. Current annualized revenue was approximately USD 30 million.
OpenAI-backed Chai raises USD 70 million for AI-powered drug discovery
In 2025, FT reported that OpenAI-backed AI drug discovery company Chai raised USD 70 million, with investors including Menlo Ventures and Yuri Milner's DST Global Partners. It uses AI to accelerate drug discovery by analyzing large datasets to identify potential candidates.
Armis exceeds USD 300 million annual revenue as cybersecurity demand surges
On 2025/8/4, Armis officially reported that the IoT security company had exceeded USD 300 million in annual recurring revenue, growing from USD 200 million to its current scale in under 12 months. Customers included thousands of enterprises such as United Airlines, Crest and Mars, covering more than a third of the Fortune 100.
OpenAI raises USD 8.3 billion at USD 300 billion valuation as part of this year’s USD 40 billion funding plan
On 2025/8/1, TechCrunch reported that OpenAI had raised USD 8.3 billion at a USD 300 billion valuation as part of its USD 40 billion funding plan for the year. The round closed several months early, attracting private equity giants including Blackstone and TPG, with the company prioritizing new strategic partners.
Get paid to help arcads users make winning ads with ai
In 2025, according to LinkedIn, French AI advertising creative platform Arcads reached USD7 million in ARR with just 6 people. Its customers include YC-incubated companies, a USD1 billion mobile application studio, and a USD100 million D2C brand.
Aiven reaches USD 100 million in ARR
On 2025/7/6, Aiven reported that cloud-hosted data services platform Aiven disclosed annual recurring revenue of USD 100 million. It provides cloud-hosted data services including PostgreSQL and Kafka.
HeyGen reaches USD 80 million ARR, expects to exceed USD 100 million this year, raises USD 60 million Series A at USD 500 million valuation with approximately 100 staff
In 2023/6, a WeChat public account reported that AI avatar video platform HeyGen had raised USD 60 million in Series A funding at a USD 500 million valuation. Current ARR was USD 80 million, expected to exceed USD 100 million in 2025, with approximately 100 team members. It had more than 15 million global users, more than 100 thousand paying users including 45 thousand enterprise customers, and was profitable.
1600 global brands, a million US dollars ARR and 100% monthly growth: which company is it?
On 2025/6/21, NetEase reported that global influencer marketing AI agent platform CrowdCore had exceeded a million US dollars ARR, with 100% monthly growth and 1600 brands on its platform. Customers included L’Oréal and Sephora. AI matching accuracy exceeded 90%, and its database covered more than 200 million influencers.
Cursor exceeds USD 500 million in ARR and completes USD 900 million in Series C funding at a USD 9.9 billion valuation
On 2025/6/6, the Cursor Team disclosed on its official blog that Cursor exceeded USD 500 million in ARR and completed USD 900 million in Series C funding at a valuation of USD 9.9 billion. Investors included Thrive, Accel, Andreessen Horowitz, and DST. Cursor is an AI programming tool developed by Anysphere.
Lassie reaches USD 50 million in ARR
On 2025/6/6, LinkedIn reported that Swedish logistics technology company Lassie disclosed annual recurring revenue of USD 50 million. The loyalty platform helps retail and e-commerce brands increase repeat purchases.
Impact Analytics Inc. completes Series D financing
On 2025-5-8, according to Xiniu Data, Impact Analytics Inc. completed Series D financing
Manus raises USD 75 million at USD 500 million valuation; employees and annual revenue undisclosed
On 2025/4/25, TechCrunch reported that Chinese AI agent company Manus had raised USD 75 million led by Benchmark at a USD 500 million valuation, bringing total funding above USD 85 million. It planned expansion into the US, Japan and the Middle East. Previous investors included Tencent and HSG.
Doss Inc raises USD 18 million in Series A financing
Brief not available.
Cursor discloses more than USD 100 million recurring revenue, raises USD 105 million Series B
On 2025/1/16, the Cursor Team announced USD 105 million in Series B funding on its official blog, with investors including Thrive Capital, Andreessen Horowitz, Benchmark and existing investors. It disclosed recurring revenue exceeding USD 100 million, without specifying the annualization period.
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.
Cursor reaches USD 50 million ARR
On 2024/11/8, TechCrunch reported that AI code editor Cursor had disclosed USD 50 million in annual recurring revenue. Investors including Benchmark and Index were engaged in an intense unsolicited bidding contest for the company.
Year of G2 ARR milestone above USD 100 million remains to be verified
ARR Club placed G2's milestone above USD 100 million in ARR in 2024/10, but a later GetLatka correction said it originated from management's year-end target in 2022. The USD 113 million in the old article instead corresponded to an estimate for 2023. A new revenue event in 2024/10 could not yet be confirmed, and the original record's USD 100 million in funding also lacked corresponding evidence, so no amount was included for aggregation.
Skio ARR at $11M and profitable
On 2024/10/16, X reported that Skio, a US Shopify subscription management platform, reached USD 11 million in annual recurring revenue and had become profitable. It helps e-commerce brands manage subscriptions, with one-click migration improving conversion by 72% and passwordless login reducing support tickets by 60%. Customers include Liquid IV and Milk Bar.
Oneleet ARR surpassed $6M in 19 months
On 2024/8/29, X reported that Oneleet, a US full-stack cybersecurity platform, increased annual recurring revenue to more than USD 6 million in 19 months, including USD 5.2 million in additional revenue in a single month. It provides penetration testing and compliance audits to help enterprises meet standards including SOC 2 and ISO 27001 and has raised USD 2 million in total.
Figma ARR at $700M
On 2024/7/18, Bloomberg reported that Figma, a US collaborative design platform, disclosed annual recurring revenue exceeding USD 700 million at a valuation of USD 12.5 billion, supported by investors including Coatue, Alkeon, and General Catalyst. ARR had grown substantially from approximately USD 400 million at the end of 2022 and was expected to exceed USD 1 billion the following year.