News
Company news and developments, with original sources and dates.
Updated from source
Funding RSS ↗Yaoxingdongli completes angel financing
On 2026-8-29, according to Xiniu Data, Yaoxingdongli completed angel financing, raising RMB 240 million. Investors were Dongfengziguan, Zhongjinbaoshijie (Shanghai) Venture Capital Partnership (Limited Partnership), Dipingxian Robotics, Yuanjing Capital, Chengpu Investment, Jiangsu Juhe Capital, Foshanlinghang and others.
10x says ARR exceeds USD 6 million, grows 30% monthly
On 2026/8/28, Blake Anderson posted on X that 10x ARR exceeded USD 6 million, growing 30% monthly, and shared hiring information.
Aishang Intelligence completes equity financing
On 2026-08-28, according to Xiniu Data, Aishang Intelligence completed equity financing for an undisclosed amount. Investors were Wuhujingji Technology Kaifaquweida Venture Capital Co., Ltd., Anhui Mojiazhichuang Robotics Technology Co., Ltd., Shanghai Lingchu Intelligence Technology Co., Ltd.. The company is a developer of embodied intelligence algorithms.
Cekura exceeds USD 1 million ARR
On 2026/8/28, LinkedIn reported that US conversational AI observability and testing platform Cekura had exceeded USD 1 million ARR, reaching that milestone in 2025/11. It currently served more than 150 conversational AI companies.
Cognition ARR hit $900M, tripling growth since start of the year
On 2026/8/28, The Information reported that Cognition, a US AI programming company, reached USD 900 million in ARR, with twofold growth since the start of the year. The company continues growing rapidly.
DeepSeek is closing a second external round of roughly 50 billion yuan ($7.4B)
In late 2026/8, genztech reported that Chinese AI large-model company DeepSeek was nearing completion of its second external funding round, totaling approximately CNY 50 billion, or approximately USD 7.4 billion, at a pre-money valuation of approximately USD 74 billion.
Fravity AI was acquired
On 2026-8-28, according to Xiniu Data, Fravity AI was acquired. Investors were Socure.
Inspur Information reports CNY 84.379 billion in first-half 2026 revenue
On 2026/8/28, IT Home reported that China-based Inspur Information generated CNY 84.379 billion in revenue in the first half of 2026, approximately USD 12.5548 billion, up 5.22% year over year.
Jincheng Technology completes Series A financing
On 2026-08-28, according to Xiniu Data, Jincheng Technology completed Series A financing for an undisclosed amount. Investors were Shanghai Lingangqichuangshengke Private Investment Fund Partnership (Limited Partnership), Shanghai Aochuangxiandao Venture Capital Partnership (Limited Partnership). The company is a developer of industrial time-series control large models.
Klar reaches USD 500 thousand ARR
On 2026/8/28, X reported that Sweden’s Klar had reached USD 500 thousand ARR and disclosed a paid conversion rate above 80%. Its product serves small and medium-sized businesses in the Nordic region. Its paid conversion performance stood out.
Linghengshu completes equity financing
On 2026-08-28, according to Xiniu Data, Linghengshu completed equity financing for an undisclosed amount. Investors were Shanghai Qingmiao Artificial Intelligence Industry Venture Capital Partnership (Limited Partnership). The company is a provider of AI industry application services.
Lingzhang Robotics completes angel financing
On 2026-8-28, according to Xiniu Data, Lingzhang Robotics completed angel financing, raising tens of millions of RMB. Investors were Kailonggaoke, Xi Venture Capital, Xinneng Venture Capital, Aobo Intelligence and others.
Melius hit 100% MoM growth with rapid adoption of creative AI agents
On 2026/8/28, X reported that US company Melius achieved 100% month-over-month growth through rapid adoption of its creative AI agents. The company is a creative AI agent team.
Modoulingke completes equity financing
On 2026-08-28, according to Xiniu Data, Modoulingke completed equity financing for an undisclosed amount. Investors were Beijing Xingliandingsenguquan Investment Fund Partnership (Limited Partnership), Wuxianqihanghaihe (Tianjin) Venture Capital Partnership (Limited Partnership), Xinghaitu (Beijing) Artificial Intelligence Technology Co., Ltd.. The company is a developer of AI system software.
Orca3d completes Series A+ financing
On 2026-08-28, according to Xiniu Data, Orca3d completed Series A+ financing, raising hundreds of millions of RMB. Investors were lead investor Zhongjin Capital, participating investor Aosheng Technology, participating investor Shanghai Tianshihui, participating investor Fengyuzhu, participating investor Qiaobei Capital, participating investor Zhongxin Fund, other participating investors. The company is a physical AI simulation infrastructure services provider.
Outbid made $230k revenue in under a week by solo founder
On 2026/8/28, X reported that US company Outbid generated USD 230,000 in revenue through a solo founder in less than a week. The product serves auction and trading scenarios. The company continues developing.
Owner Raises $240M Series D at ~$2.3B Valuation
On August 28, 2026, per Venture Capital Tracker, restaurant merchant website, marketing and ordering platform Owner raised $240M in a Series D led by Goldman Sachs Alternatives with Meritech, Redpoint and Headline at a valuation of about $2.3B.
Popi AI raises seed funding from Pudong AI Seed Fund
AI content company Popi AI, operated by Shanghai Ciyuan Moyin Technology, raised seed funding from Pudong AI Seed Fund. It had previously received tens of millions of CNY from Baidu Ventures in 2025/10.
PureblueAI completes angel financing
On 2026-08-28, according to Xiniu Data, PureblueAI completed angel financing, raising tens of millions of RMB. Investors were Puke Investment, Jiufangzhitou, Huatai Innovation Investment Co., Ltd. and others. The company is a provider of AI marketing technology and services.
Qianzhang Technology completes equity financing
On 2026-08-28, according to Xiniu Data, Qianzhang Technology completed equity financing for an undisclosed amount. Investors were Beijing Yingnuoweilai Technology Venture Capital Fund Partnership (Limited Partnership). The company is a developer of whole-body foundation models for humanoid robots.
Qingzhichuangyou completes equity financing
On 2026-08-28, according to Xiniu Data, Qingzhichuangyou completed equity financing for an undisclosed amount. Investors were Tianjin Shuimuhaitanghaihe Venture Capital Zhongxin (Limited Partnership). The company is a developer of AI gaming.
Ruilaizhihui completes equity financing
On 2026-08-28, according to Xiniu Data, Ruilaizhihui completed equity financing for an undisclosed amount. Investors were Muhuashuiqing (Shanghai) Venture Capital Partnership (Limited Partnership). The company is a provider of AI safety and industry-specific large model application services.
RWKV completes equity financing
On 2026-08-28, according to Xiniu Data, RWKV completed equity financing for an undisclosed amount. Investors were Shenzhen City Longgangqulongchuangquanyaosu Venture Capital Fund Partnership (Limited Partnership). The company is a developer of domestic open-source non-Transformer large models.
SeaArt ARR surpasses $50M through localization and community-driven growth
On 2026/8/28, LinkedIn reported that Chinese AI image generation platform SeaArt had surpassed USD 50 million in ARR through localization and community-led growth.