News
Company news and developments, with original sources and dates.
Updated from source
Funding RSS ↗Panpuluona completes Pre-Series A financing
On 2026-08-21, according to Xiniu Data, Panpuluona completed Pre-Series A financing for an undisclosed amount. Investors were Hubei Changjiangketouyuanchuangliqingyuanlian Venture Capital Partnership (Limited Partnership). The company is an AI-driven developer of innovative targeted protein degradation drugs.
Quanyu Intelligence completes seed financing
On 2026-08-21, according to Xiniu Data, Quanyu Intelligence completed seed financing, raising tens of millions of RMB. Investors were lead investor Zhaoshangju Venture Capital, participating investor Shendan Venture Capital, participating investor Sanqihuyu, participating investor Tongxuecun Venture Capital. The company is a developer of non-invasive brain-computer interface foundation large models.
Rixingji Intelligence completes equity financing
On 2026-08-21, according to Xiniu Data, Rixingji Intelligence completed equity financing for an undisclosed amount. Investors were Baidu (Hong Kong) Co., Ltd., Baidushidai Network Technology (Beijing) Co., Ltd.. The company is a developer of fully automated AI scientific research systems.
Shanzeruitan completes equity financing
On 2026-08-21, according to Xiniu Data, Shanzeruitan completed equity financing for an undisclosed amount. Investors were Shanghai Zizhuxiaomiaolangkun Venture Capital Partnership (Limited Partnership), Shanghai Dalinghaowanceyuanerhao Venture Capital Partnership (Limited Partnership). The company is a provider of PCB processing services for AI servers.
Starcloud raises USD 250 million Series A extension at USD 2.3 billion post-money valuation
On 2026/8/21, Business Wire reported that US cloud startup Starcloud had raised USD 250 million in Series A extension funding led by Manhattan West at a USD 2.3 billion post-money valuation. Total funding reached USD 450 million after the round.
ViewX completes equity financing
On 2026-08-21, according to Xiniu Data, ViewX completed equity financing for an undisclosed amount. Investors were Wuhuaitaikeqiche Electronics Co., Ltd.. The company is a developer of AI-driven portable glasses-free 3D displays.
Weihengqiyuan completes equity financing
On 2026-08-21, according to Xiniu Data, Weihengqiyuan completed equity financing for an undisclosed amount. Investors were Huiyun Technology Holdings Co., Ltd., Hangzhou Xinhanyuan Management Consulting Partnership (Limited Partnership). The company is a developer of 3D AI on-device inference LPU chips.
Yingwei Innovation completes equity financing
On 2026-08-21, according to Xiniu Data, Yingwei Innovation completed equity financing for an undisclosed amount. Investors were Shenzhen City Artificial Intelligence Zhongduan Industry Private Equity Investment Fund Partnership (Limited Partnership). The company is a developer of edge and on-device AI chips.
Zhiyinwujie completes equity financing
On 2026-08-21, according to Xiniu Data, Zhiyinwujie completed equity financing for an undisclosed amount. Investors were Shenzhen Longhuadanlu Medical Zhongziqi Venture Capital Fund Partnership (Limited Partnership), Shenzhen Danlu Venture Capital Fund Partnership (Limited Partnership). The company is a developer of AI software.
Alibaba quarterly revenue exceeds USD 39.6 billion, up 9% year over year
On 2026/8/20, Alibaba reported that the Chinese company's quarterly revenue exceeded USD 39.6 billion, up 9% year over year. AI cloud and computing services revenue was USD 7.1 billion, up 45% year over year, while AI-related product revenue was USD 1.8 billion.
Base44 exceeds USD 200 million ARR, doubles in five months
On 2026/8/20, X reported that US AI app building platform Base44 had exceeded USD 200 million ARR, approximately five months after reaching USD 100 million ARR.
Callosum completes seed financing
On 2026-8-20, according to Xiniu Data, Callosum completed seed financing, raising USD 100 million. Investors were Atomico, Sovereign AI Fund, Plural Platform, DCVC.
Changgaoxinzhicai Technology completes equity financing
On 2026-08-20, according to Xiniu Data, Changgaoxinzhicai Technology completed equity financing for an undisclosed amount. Investors were Shenzhen City Youbixuan Technology Co., Ltd., Daozhisen Intelligence Technology (Changzhou) Co., Ltd.. The company is a provider of AI and robotics technology research and development services.
Current Robotics completes Pre-Series A financing
On 2026-08-20, according to Xiniu Data, Current Robotics completed Pre-Series A financing, raising RMB 100 million. Investors were BV Baidufengtou, Gaoling Capital, Lüzhou Capital, Monolith Lisi Capital, Qianhaifangzhou Capital, Fuxingchuangfu, Junshan Investment, Zhiyuan Robotics, Xinghaitu, Jike Technology. The company is a developer of U.S. humanoid intelligent technology.
Fengzhiyi completes Series A+ financing
On 2026-08-20, according to Xiniu Data, Fengzhiyi completed Series A+ financing for an undisclosed amount. Investors were Hefei City Tianshi Investment Fund Co., Ltd.. The company is a developer of computing and transmission chips.
Five Ages completes Series A+ financing
On 2026-08-20, according to Xiniu Data, Five Ages completed Series A+ financing, raising RMB 1 billion. Investors were Wuxi City Gao Technology Investment Group Co., Ltd., China Bank, Sanfeng Investment, Xinneng Venture Capital, Zhongshan Venture Capital, Hongruida Investment, Boyan Technology, Jin Venture Capital. The company is a developer of general-purpose embodied robots and technology.
Flip completes equity financing
On 2026-8-20, according to Xiniu Data, Flip completed equity financing, raising USD 25 million. Investors were Notion Capital, HV Capital.
Guangjian Technology completes equity financing
On 2026-08-20, according to Xiniu Data, Guangjian Technology completed equity financing for an undisclosed amount. Investors were Shenzhen City Kekesongguangjian Investment Partnership (Limited Partnership), Chongqing Kexingkechuangguquan Investment Fund Partnership (Limited Partnership), Chongqing Zhongjinkeyuan Private Equity Investment Fund Partnership (Limited Partnership), Yuechao Co., Ltd.. The company is a provider of solutions for 3D visual full-stack.
Micro1 gross annual revenue run rate reaches USD 500 million, with a net measure of approximately 150 million to USD 200 million
On 2026/8/20, TechCrunch cited people familiar with the matter saying Micro1's gross annual revenue run rate grew from USD 100 million to USD 500 million. After expert costs, the net annualized measure was approximately 150 million to USD 200 million. The original text called it gross annual run rate, which must not be written as confirmed ARR.
Muon Space Raises $250M Series C Led by Eclipse for Satellite Constellations
On August 20, 2026, per Muon Space, satellite constellation manufacturing and operations company closed a $250M Series C led by Eclipse with Google and Salesforce Ventures participating.
NeoSoul completes Pre-Series A financing
On 2026-8-20, according to Xiniu Data, NeoSoul completed Pre-A round of financing with an amount of USD 11 million. Investors are New Oak International, Kirin Capital, MH Ventures, Amber Group, ArkStream Capital, 0G Foundation, CatCher VC. The company is a Malaysian AI economic infrastructure provider.
NetEase reports CNY 30.1 billion net revenue in the second quarter of 2026, up 7.9% year over year
On 2026/8/20, NetEase released its second-quarter 2026 results, reporting CNY 30.1 billion in quarterly net revenue, up 7.9% year over year. Games and related value-added services generated CNY 25 billion in net revenue (approximately USD 4.18 billion).
Pocket reaches USD 100 million annualized run rate
On 2026/8/20, LinkedIn reported that US voice-first note-taking device company Pocket had reached a USD 100 million annualized run rate. It said the figure had been USD 1 million seven months earlier, with more than 270 thousand devices in total.
Qidianbianliang completes equity financing
On 2026-08-20, according to Xiniu Data, Qidianbianliang completed equity financing for an undisclosed amount. Investors were Dongwanshikechuang Technology Chengguozhuanhua Venture Capital Fund Partnership (Limited Partnership). The company is a developer of home robots memory systems.