News
Company news and developments, with original sources and dates.
Updated from source
Funding RSS ↗Zenzap raises $44M for its AI chat app that aims to replace Slack
According to TechCrunch, on 2026-10-14, Zenzap raised $44 million.
Bloom Raises $3.6M Seed to Become the Alibaba of American Manufacturing
On October 7, 2026, per TechCrunch, US manufacturing hardware supply-chain AI marketplace Bloom raised $3.6 million in an oversubscribed seed round led by SNAK Venture Partners, with Flyover Capital, Mana Ventures, Detroit Venture Partners and others.
AI Mirror exceeds 30 million downloads in under two years, generates tens of millions of US dollars in revenue in three years
Polyverse’s AI Mirror exceeded 30 million downloads in under two years after launch and more than 43 million combined downloads with Spellai. Its bootstrapped team generated tens of millions of US dollars in revenue over three years. In Sensor Tower’s 2026 Q1 rankings, it placed 2nd in downloads and active users and 5th in revenue.
Vosu hits $5M run rate, launches AI creator marketplace
On 2026/10/1, according to Business Insider, Vosu reported a revenue growth signal in the AI Creative Tools sector.
Zhipu Completes ~HKD 15.68B H-Share Placement
On September 16, 2026, Zhipu (Z.AI) completed an H-share placement of approximately HKD 15.683 billion (gross), placing 21.965 million shares at HKD 714 each, subscribed by no fewer than six independent third-party placees, as disclosed to HKEX.
Twin1 AI completes seed financing
On 2026-08-20, according to Xiniu Data, Twin1 AI completed seed financing, raising USD 20 million. Investors were Aramco Ventures, Bessemer Venture Partners, Tribeca Venture Partners, Tin Alley Ventures, Roy Reznik and others. The company is a provider of workplace AI digital twin solutions.
NetShort generates approximately USD 128 million in first-half in-app purchase revenue
NetShort, an overseas short-drama app under Chongqing Maiya Media, generated approximately USD 128 million in in-app purchase revenue in the first half of 2026, ranking third among overseas micro-drama apps by revenue. NetShort held approximately 45 places and DramaWave approximately 33 places on the top hundred overseas AI drama chart.
MiniMax completes approximately HKD 16 billion new-share placement and convertible bond funding, underwritten by Morgan Stanley
On 2026/7/10, Cailian Press and Zhidx reported that AI large-model company MiniMax, also known as Xiyu Technology (0100.HK), had announced financing after listing on the Hong Kong main board in month 1 that year. It proposed placing 35.6 million new Class A shares at HKD 268 per share, raising approximately HKD 9.54 billion gross, while issuing HKD 6.5 billion principal of zero-coupon guaranteed convertible bonds due in 2027. The initial conversion price was HKD 335 per share, approximately 12.64% above the closing price. Combined net proceeds were approximately HKD 15.957 billion, approximately 13.8 billion yuan (CNY) or approximately USD 2 billion. Morgan Stanley underwrote the transaction, attracting leading international sovereign funds, long-term funds and major Chinese institutions. Approximately 80% of funds would support AI infrastructure and large-model R&D. This was MiniMax’s first large-scale financing after listing.
Articulate reaches USD 300 million ARR
On 2026/5/21, Axios reported that US AI workplace learning platform Articulate had reached USD 300 million ARR, with adoption by multiple Fortune 100 companies.
Entri.app reaches USD 15 million ARR and more than 10 million users
On 2026/4/23, YouTube reported that Indian local-language education platform Entri.app had served more than 10 million users, reached USD 15 million ARR and said it had enabled more than 10 thousand job placements. It did not disclose funding or valuation.
Placepoint reaches USD 5 million in ARR
On 2026/4/3, LinkedIn reported that Norwegian property technology company Placepoint reached USD 5 million in annual recurring revenue. It did not disclose funding or valuation.
Mercor revenue grows 4,658% in 2025
On 2026/1/2, X reported that AI talent marketplace Mercor grew revenue 4,658% in 2025, with users increasing from 217 thousand to 3.4 million. It did not disclose specific ARR or valuation.
Cal AI claim of USD 30 million annualized revenue awaits verification
Cal AI is an AI calorie tracking app, not a calendar app. No original disclosure from the same date was found for ARR Club’s listed USD 30 million ARR in 2025/12. An annualized revenue claim reported in 2025/4 cannot directly replace this record.
Soul reapplies for Hong Kong listing: CNY 2.211 billion revenue in 2024, CNY 1.683 billion in the first eight months of 2025
On 2025/11/27, Soul submitted another Hong Kong listing application. Its prospectus disclosed revenue of 1.667 billion, 1.846 billion and CNY 2.211 billion for 2022–2024 respectively, and CNY 1.683 billion in the first eight months of 2025. The USD 177 million Series D+ mentioned in the article took place in 2021 and was not this funding event.
Beikeruanjian raises RMB 10 million in NEEQ private placement
Brief not available.
Sierra reaches USD 100 million ARR seven quarters after launch
On 2025/11/21, Sierra’s founder disclosed that it had reached USD 100 million ARR seven quarters after launching in 2024/2. Separately, TechCrunch said its last USD 350 million funding at a USD 10 billion valuation took place in 2025/9, not as new funding in this entry.
Relace reaches USD 1 million ARR
On 2025/10/31, LinkedIn reported that US job search tool Relace had reached USD 1 million ARR on its first anniversary. It did not disclose its funding round, investors or valuation.
Relace raises USD 23 million in Series A financing
Brief not available.
AI startup Refold AI receives USD 6.5 million in funding
On 2025/8/13, The Economic Times of India reported that enterprise API automation company Refold AI completed USD 6.5 million in funding. Its autonomous AI agents replace manual API integration, targeting reductions in the USD 35 billion enterprises spend annually on manual integration.
Shangtang Technology raises HKD 2.5 billion in main-board private placement
Brief not available.
Gamma exceeds USD 50 million ARR and is profitable
On 2025/4/29, Upstarts Media reported after directly interviewing Gamma’s CEO that it had recently exceeded USD 50 million ARR, with hundreds of thousands of paying customers and sustained profitability since early 2024. Its USD 12 million Series A took place in 2024, not alongside this revenue milestone. The report put total funding at approximately USD 23 million.
Lace AI raises USD 14 million in seed financing
Brief not available.
Canaan raises USD 200 million in main-board private placement
Brief not available.
Zhixing Technology raises RMB 200 million in main-board private placement
Brief not available.