News
Company news and developments, with original sources and dates.
Updated from source
Funding RSS ↗iFlytek open platform reports CNY 3.705 billion in first-half revenue; a film using AI video model Shahuai enters an international A-category festival
iFlytek's open platform generated CNY 3.705 billion in revenue in the first half of 2026. A film using its AI video generation model Shahuai was selected for the competition section of an international A-category film festival, demonstrating the commercial potential of Chinese video models in professional filmmaking.
Meitu reports CNY 2.21 billion first-half revenue, approximately CNY 620 million productivity app ARR
Meitu generated CNY 2.21 billion total revenue in the first half of 2026. Revenue from imaging and design products, including Meitu Xiuxiu, Design Studio and Kaipai, grew approximately 93%. Productivity app ARR was approximately CNY 620 million, and AI video product Vmake Labs had approximately USD 5 million global ARR.
Higgsfield ARR hit $1B with 20x growth in the past 12 months
On 2026/9/25, LinkedIn reported that Higgsfield, a US generative AI video platform, reached USD 1 billion in ARR, with growth of 20 times over the past 12 months.
Jiuling Technology completes equity financing
On 2026-09-23, according to Xiniu Data, Jiuling Technology completed equity financing for an undisclosed amount. Investors were Zhen Partners. The company is a one-stop AI video creation platform provider.
NeoDomain raises tens of millions of RMB in angel financing
On 2026-09-22, according to Xiniu Data, NeoDomain completed angel financing, raising tens of millions of RMB. Investors were Zhejiang Yingshi Industry International Hezuoshiyanquxixi Investment Management Co., Ltd.. The company is a developer of AI video creation tools.
Aishi Intelligence completes equity financing
On 2026-09-11, according to Xiniu Data, Aishi Intelligence completed equity financing for an undisclosed amount. Investors were Beijing Yitangchuangxin Venture Capital Zhongxin (Limited Partnership). The company is a developer of AI video generation and world models.
Clipto reaches USD 15 million in ARR
On 2026/9/1, TechCrunch reported that Clipto disclosed annual recurring revenue (ARR) of USD 15 million in the AI Video & Image sector.
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.
Preview completes seed financing
On 2026-08-14, according to Xiniu Data, Preview completed seed financing, raising USD 10 million. Investors were Hongshan Capital (Haiwai), The General Partnership, Badrul Farooqi. The company is a U.S. AI video creation platform.
Meshy hit 12M registered users with $400M at a $1.5B Valuation
On 2026/7/22, according to ARR Club, MeshyAI reported a revenue growth signal in the AI Video & Image sector.
Aishi Technology raises USD 139 million in C+ funding
On 2026/7/14, Xiniu Data reported that Aishi Technology completed USD 139 million in C+ funding led by Alibaba, with participation from Lollapalooza Capital, Changchunteng Capital, Huiyuan Capital, Zhongding Capital, South Korea's Mirae Asset, Shicheng Capital, BlueFocus, CloudAlpha, iGlobe Partners, and others. The company develops large models and applications for AI video generation.
PixVerse reaches USD 40 million ARR, raises USD 410 million Series C
On 2026/7/14, LinkedIn reported that US AI video generation company PixVerse had reached USD 40 million ARR and 15 million monthly active users, and raised USD 410 million in Series C funding.
HeyGen reaches USD 200 million in ARR
On 2026/6/26, Upstarts Media reported that HeyGen disclosed annual recurring revenue (ARR) of USD 200 million in the AI Video & Image sector.
HeyGen doubles ARR to USD 200 million within 8 months
On 2026/6/25, Upstarts Media reported that US AI video platform HeyGen had doubled ARR to USD 200 million within 8 months, with its product reaching 85% of Fortune 100 companies.
Sand AI raises USD 100 million in equity financing
On 2026-06-22, according to Xiniu Data, Sand AI completed equity financing, raising USD 100 million. Investors were Look Capital, Lollapalooza Capital, Jiukun Venture Capital, Jingwei Venture Capital, Heyu Capital, Innovation Gongchang, Xianghe Capital, Yuanma Capital, Zhongkechuangxing, Hongtai Fund, Jinri Capital, Huayetiancheng, Yunhui Capital, IDG, Baidufengtou and others. The company is a provider of solutions for AI video generation.
Higgsfield reaches USD 500 million in ARR at a USD 1.3 billion valuation
On 2026/6/19, Business Insider reported that Higgsfield, a US AI video platform, reached USD 500 million in ARR, growing 10 times from month 9 of the previous year. It had raised USD 150 million in total at a valuation of USD 1.3 billion and planned to reach USD 1 billion in ARR by year-end.
Odyssey AI raises USD 310 million in Series B financing
On 2026-06-18, according to Xiniu Data, Odyssey AI completed Series B financing, raising USD 310 million. Investors were lead investor Natural Capital, participating investor Google Ventures, participating investor EQT Ventures, participating investor In-Q-Tel, participating investor AMD, participating investor Yamaxun. The company is a provider of U.S. AI video software.
Pika has approximately USD 85 million annual recurring revenue, forecasts more than USD 130 million revenue for 2026
AI video company Pika had approximately USD 85 million in annual recurring revenue, with revenue forecast to exceed USD 130 million in 2026. It had approximately 11 million registered users, a valuation of approximately USD 900 million, approximately 40% of revenue from enterprise customers, and a team of just approximately 100.
ImagineArt reaches USD 45 million in ARR
On 2026/5/20, LinkedIn reported that ImagineArt disclosed annual recurring revenue (ARR) of USD 45 million in the AI Video & Image sector.
Synthesia reaches USD 150 million ARR, expands to 600 staff
On 2026/5/13, LinkedIn reported that AI video platform Synthesia had grown ARR to USD 150 million in 5 years, expanding its team from 19 to 600 and serving 85% of Fortune 100 companies. It did not disclose its latest funding or valuation.
InVideo AI exceeds USD 70 million ARR and reaches 50 million users
InVideo AI exceeded USD 70 million in annualized revenue (ARR), with 50 million+ users and more than 7 million videos generated monthly. With only USD 52.5 million in total funding, it is among India’s most capital-efficient AI SaaS companies. It includes 200+ models and is the first AI video platform to launch an official MCP Server.
SageContent reaches USD 1 million in ARR
On 2026/5/1, ARR Club reported that SageContent disclosed annual recurring revenue (ARR) of USD 1 million in the AI Video & Image sector.
Artlist reaches USD 300 million in ARR as new users grow 600%
On 2026/4/20, PR Newswire reported that Israeli creation platform Artlist grew new users 600% year over year in the first quarter of 2026 and reached USD 300 million in ARR, while launching AI video production product Artlist Studio. It did not disclose its latest funding or valuation.
Runway reaches USD 100 million in ARR
On 2026/4/10, LinkedIn reported that Runway disclosed annual recurring revenue (ARR) of USD 100 million in the AI Video & Image sector.