News
Company news and developments, with original sources and dates.
Updated from source
Funding RSS ↗Former Ramp engineers raise USD 20 million for Melius after abandoning their first product
According to TechCrunch, Melius, founded by former Ramp engineers, raised USD 20 million in Series A funding on 10/7, led by CRV. It had scrapped its first product and pivoted to AI tools for generating advertising creative and marketing campaigns, reaching USD 1 million in annualized revenue.
Rivo reaches USD 8 million ARR, 100% of code generated by Devin, operates through bootstrapping
On 2026/9/10, X reported that US e-commerce email marketing platform Rivo had reached USD 8 million ARR, with 100% of code generated by Devin and bootstrapped operations.
Workvivo reaches USD 100 million in ARR
On 2026/8/28, Workvivo reported that Workvivo disclosed annual recurring revenue (ARR) of USD 100 million in the AI HR & Recruiting sector.
Workvivo exceeds USD 100 million ARR
On 2026/8/26, Workvivo’s official website reported that the Irish AI employee experience platform had exceeded USD 100 million ARR. Zoom disclosed the figure in its FY2027 second-quarter earnings call.
Fly.io Raises $25M Series D for Persistent Compute for AI Agents
On July 24, 2026, per Fly.io, persistent compute environment company for AI agents Fly.io raised $25M in new funding, widely reported as a Series D led by Dell Technologies Capital and Intel Capital. The company pivoted toward persistent compute for AI agents and named Scott Johnston CEO in 2026.
Yuanmazhiyao raises tens of millions of RMB in Pre-Series A financing
On 2026-07-22, according to Xiniu Data, Yuanmazhiyao completed Pre-Series A financing, raising tens of millions of RMB. Investors were Yifeng Capital, Yingxi Intelligence and others. The company is a developer of circular mRNA-based in vivo CAR-T therapies.
Alven reaches USD 500,000 in ARR two months after its pivot
On 2026/5/12, LinkedIn reported that AI property operations product Alven reached USD 500,000 in ARR two months after a business pivot. The company did not disclose funding or valuation.
Duckie reaches USD 1 million ARR four months after pivot
On 2026/4/19, LinkedIn reported that customer service AI company Duckie had pivoted from basic RAG chatbots to agent systems and grown ARR from 40 thousand to USD 1 million in four months. It did not disclose funding or valuation.
Ivo raises USD 55 million in Series B financing
On 2026-01-20, according to Xiniu Data, Ivo completed Series B financing, raising USD 55 million. Investors were Blackbird, Fika Ventures, Icehouse Ventures, GD1 and others.
Handshake’s AI business reaches USD 100 million annual revenue in 8 months; pre-pivot valuation USD 3.5 billion, around 100 layoffs before AI focus; full-year total revenue expected to double to USD 300 million
On 2025/10/15, Upstarts Media reported that US early-career recruitment platform Handshake had reached USD 100 million ARR just 8 months after pivoting into AI, with a pre-pivot Series F valuation of USD 3.5 billion. It had recently laid off around 100 people to focus on AI and expected full-year total revenue to double to USD 300 million.
Motion reaches USD 50 million ARR, total funding USD 128 million, valuation USD 550 million
On 2025/9/10, LinkedIn reported that AI work suite for small and medium-sized businesses Motion had raised USD 60 million in Series C funding at a USD 550 million valuation, bringing total funding to USD 128 million with approximately USD 50 million ARR. It pivoted from a consumer product and currently had 650 staff.
Character.AI abandons AGI and pivots to AI entertainment, expecting USD 50 million in annual revenue by the end of 2025
On 2025/8/12, Wired reported that AI character chat company Character.AI abandoned its artificial general intelligence goal and pivoted to AI entertainment. Annualized revenue was approximately USD 30 million, with USD 50 million expected by the end of 2025.
Rivo reaches USD 4.4 million ARR
On 2025/7/16, LinkedIn reported that Shopify membership platform Rivo had disclosed USD 4.4 million in annual recurring revenue. It offers Shopify merchants membership subscriptions and customer retention tools.
Vivodyne raises USD 40 million in Series A financing
Brief not available.
Ivo raises USD 16 million in Series A financing
Brief not available.
Latin American startup Vambe grows revenue sharply after conversational AI pivot, raises USD 3.8 million seed round and reaches USD 1 million annual revenue
On 2024/12/4, TechCrunch reported that Chilean conversational AI company Vambe had raised USD 3.8 million in seed funding, with current annual revenue of approximately USD 1 million. Founded by Nicolás Camhi and others, it grew revenue sharply after pivoting in 2024/3 to WhatsApp conversational AI agents for small and medium-sized businesses.