News
Company news and developments, with original sources and dates.
Updated from source
Funding RSS ↗Shengshu Technology completes USD 500 million in Series B funding led by Alibaba Cloud
On 2026/8/7, Xinhua, republishing Economic Information Daily, reported that Shengshu Technology completed USD 500 million in Series B funding in month 7, led by Alibaba Cloud with participation from national-level funds and leading venture capital firms.
Shunheng Intelligence completes equity financing
On 2026-08-07, according to Xiniu Data, Shunheng Intelligence completed equity financing for an undisclosed amount. Investors were Hainan Fuliduo Enterprise Management Partnership (Limited Partnership), Suzhou Zhongxinjushen Intelligence Phase One Venture Capital Partnership (Limited Partnership), Suzhou Fengruiruijia Venture Capital Zhongxin (Limited Partnership). The company is a provider of technology research, development and application services for embodied intelligence.
Tongxin Intelligence completes equity financing
On 2026-08-07, according to Xiniu Data, Tongxin Intelligence completed equity financing for an undisclosed amount. Investors were Muhuashuiqing (Shanghai) Venture Capital Partnership (Limited Partnership). The company is a developer and manufacturer of intelligent robots.
Whatnot Raises $545M Series G at $20B Valuation
In August 2026, per Fortune, live commerce platform Whatnot disclosed a $545M Series G at a $20B valuation. The company was co-founded by Grant LaFontaine and Logan Head, initially focused on collectibles livestream trading before expanding into multiple consumer categories.
Yibotu completes equity financing
On 2026-08-07, according to Xiniu Data, Yibotu completed equity financing for an undisclosed amount. Investors were Ningbo Yitao Venture Capital Partnership (Limited Partnership), Shanghai Xingfuchuying Private Investment Fund Partnership (Limited Partnership), Wuxi Xingqiyuzheng Venture Capital Partnership (Limited Partnership), Jiangsu Lingyiqiche Technology Co., Ltd., Anhui Lingtong Group Holdings Co., Ltd.. The company is a provider of AI algorithms and intelligent driving solutions.
Yuansi Technology completes angel financing
On 2026-08-07, according to Xiniu Data, Yuansi Technology completed angel financing, raising RMB 10 million. Investors were lead investor Qingdao Gaochuangfangzhou Venture Capital Fund Partnership (Limited Partnership), participating investor Guokaixin Intelligence. The company is a provider of intelligent flexible wearable sensing device development services.
Yunmuzhizao completes Pre-Series A financing
On 2026-08-07, according to Xiniu Data, Yunmuzhizao completed Pre-Series A financing, raising tens of millions of RMB. Investors were Nanjing Gaohua Technology Co., Ltd., Xingxiangqizhi (Nanjing) Technology Co., Ltd.. The company is a developer of general-purpose humanoid robots.
Yuntuzhihui completes equity financing
On 2026-08-07, according to Xiniu Data, Yuntuzhihui completed equity financing for an undisclosed amount. Investors were Gongqingchengruanyinzhongan Investment Co., Ltd., Nanhaixietong Innovation Development Fund Management (Hainan) Co., Ltd.. The company is a digital cultural and creative technology services provider.
Yushu Technology completes equity financing
On 2026-8-7, according to Xiniu Data, Yushu Technology completed equity financing, raising RMB 1.219 billion. Investors were DeepSeek, China Shiyou Group Kunlun Capital Co., Ltd., Nanfangdianwangchanrong Holdings Group Co., Ltd., Tianyi Capital Holdings Co., Ltd., Shanghai Qishan Investment Co., Ltd., Zhongxin Securities Investment Co., Ltd. and others.
Acrab completes Series B financing
On 2026-08-06, according to Xiniu Data, Acrab completed Series B financing, raising USD 130 million. Investors were Vertex Growth Fund, Vertex Ventures Southeast Asia & India. The company is a provider of edge agentic AI computing platforms.
Corgi Insurance completes equity financing
On 2026-08-06, according to Xiniu Data, Corgi Insurance completed equity financing, raising USD 30 million. Investors were lead investor Yunfeng Fund. The company is a provider of U.S. AI-native full-stack insurance platforms.
Gezizhisheng completes equity financing
On 2026-08-06, according to Xiniu Data, Gezizhisheng completed equity financing for an undisclosed amount. Investors were Hefei City Zhongzi Investment Fund Co., Ltd., Hefei City Baohequkechuangzhongzi Fund Partnership (Limited Partnership). The company is a developer of intelligent acoustic technology.
Hadrian Raises $1.37B Series D Extension at ~$7.87B Valuation
On August 6, 2026, per Axios, defense and aerospace precision parts manufacturer Hadrian raised $1.37B in a Series D extension at a post-money valuation of about $7.87B. Founder and CEO Chris Power leads the company's automated factories and aerospace defense manufacturing.
Heguangzhicheng completes angel financing
On 2026-08-06, according to Xiniu Data, Heguangzhicheng completed angel financing, raising tens of millions of RMB. The company is a developer of AI driven materials.
Jeff Dean and others found Discovery Loop and complete initial funding
On 2026/8/6, IT Home reported that Jeff Dean, Sanjay Ghemawat, Quoc Le and Oriol Vinyals had founded Discovery Loop. Its initial funding was co-led by Radical Ventures and Khosla Ventures; the amount was undisclosed.
Kiki grows total ARR from USD 1 million to USD 5 million
On 2026/8/6, LinkedIn reported that UK short-term rental platform Kiki had grown total ARR from USD 1 million to USD 5 million within a year, served 5,000 guests in total and planned to reach USD 25 million ARR by 2027/8.
LifeMine Therapeutics Raises $188M Series E
On August 6, 2026, per Labiotech, natural product drug discovery company LifeMine Therapeutics raised $188M in a Series E. Industry coverage in September 2026 noted an additional ~$75M Series D during August; the two rounds should not be combined into a single figure. Details are subject to company announcements.
Maestra approaches USD 5 million ARR
On 2026/8/6, LinkedIn reported that US e-commerce AI SaaS company Maestra’s ARR was approaching USD 5 million. Its platform integrates email, SMS, onsite personalization, recommendations and loyalty capabilities.
Microsoft fiscal-year revenue from OpenAI reaches USD 24.1 billion, approximately 70% of AI revenue
On 2026/8/6, The Decoder reported that Microsoft documents showed USD 24.1 billion in revenue from OpenAI in the fiscal year ended in month 6, approximately 70% of its total AI revenue. The revenue mainly came from cloud services and related revenue sharing.
Mishenzhiyuan completes equity financing
On 2026-08-06, according to Xiniu Data, Mishenzhiyuan completed equity financing for an undisclosed amount. Investors were Suzhou Gaolingqirui Medical Jiankang Industrial Investment Partnership (Limited Partnership), Suzhou Xingzexingyongxinxing Medical Industrial Investment Fund Management Partnership (Limited Partnership), Beijing Xiaerba Phase Three Guquan Investment Partnership (Limited Partnership). The company is a biomolecular foundation model developer.
Omilia exceeds USD 60 million in ARR and raises USD 67 million in Series B funding
On 2026/8/6, LinkedIn reported that Greek customer service automation company Omilia raised USD 67 million in Series B funding. It said ARR grew 10 times after its Series A and exceeded USD 60 million. Its platform handles over 3 billion calls each year.
Qinghezhizhen completes equity financing
On 2026-08-06, according to Xiniu Data, Qinghezhizhen completed equity financing for an undisclosed amount. Investors were Hunan Shengdaxuesheng Venture Capital Fund Partnership (Limited Partnership). The company is an AI dental prosthesis designer.
Quanyu Intelligence completes seed financing
On 2026-08-06, according to Xiniu Data, Quanyu Intelligence completed seed financing for an undisclosed amount. Investors were Shenzhen City Shengqingtongxue Venture Capital Partnership (Limited Partnership). The company is a developer of non-invasive brain-computer interface foundation large models.
Refly.AI completes equity financing
On 2026-08-06, according to Xiniu Data, Refly.AI completed equity financing for an undisclosed amount. Investors were Beijing Yioujiaoyu Technology Co., Ltd., Suzhou Jinshajiangchaohua Phase Four Venture Capital Partnership (Limited Partnership), LOOK FORWARD VCC, MWFF1 L.P., MindWorks Ventures Fund IV L.P.. The company is a provider of AI automated workflow platforms.