News
Company news and developments, with original sources and dates.
Updated from source
Funding RSS ↗DeepSeek to complete CNY 100 billion funding at about CNY 500 billion pre-money valuation
DeepSeek is set to complete CNY 100 billion in funding at approximately CNY 500 billion pre-money valuation, with Shixi Capital, SummitView, CPE, Legend Capital, Geely, CATL, Tencent, IDG Capital and others participating.
Embodied intelligence company PaXini files for IPO guidance, valuation exceeds ten billion
The China Securities Regulatory Commission’s website shows that PaXini AI Technology (Beijing) Co., Ltd. registered for IPO guidance with the Beijing securities regulator, with Guotai Haitong Securities as adviser. Tianyancha data shows it raised CNY 1 billion in Series B+ funding in month 8 of this year and several hundred million CNY in month 9, bringing total funding to more than CNY 4 billion. Previous investors included industrial investors BYD and JD Group, and its valuation exceeded ten billion.
MMI Closes $125M to Expand Robotic Microsurgery
According to AIPressRoom, on October 10, 2026, surgical robotics company Medical Microinstruments (MMI) closed a $125 million Series D round led by BioStar Capital. The funding accelerates commercialization of its Symani Surgical System in the US and international markets; roughly 50 systems are installed worldwide with about 3,500 complex microsurgical procedures completed.
Kunwei Technology raises CNY 400 million in new funding
On 2026/10/9, 36Kr reported that Kunwei Technology had raised CNY 400 million in a new round, with several new institutional investors and increased commitments from existing shareholders. Highgoal Capital served as financial adviser. This was its first public funding disclosure in seven years since founding, with funds going toward business expansion.
Healthleap Raises $38M in Seed and Series A
On October 7, 2026, per TechCrunch, US healthcare AI firm Healthleap raised $38 million — an $8 million seed co-led by Sequoia Capital and First Round Capital plus a $30 million Series A led by Hummingbird Ventures — for AI-powered hospital patient risk flags.
Rivian announces availability of Volkswagen Group’s USD 1 billion ten-year loan financing
On 2026/10/7, Rivian Automotive announced that Volkswagen Group’s committed USD 1 billion, 10-year term loan facility under their existing joint venture agreement was available. The loan is non-recourse to Rivian. The joint venture was established in 2024/11, with the agreement’s total value up to USD 5.8 billion.
DeepSeek second funding round nears CNY 80 billion, targeting a valuation of approximately CNY 500 billion
On 2026/10/6, Bloomberg reported, citing people familiar with the matter, that DeepSeek was close to securing at least CNY 80 billion, approximately USD 12 billion, in its latest funding round. This substantially exceeded the initial target of approximately CNY 50 billion, with the final total potentially approaching CNY 100 billion. The target valuation was approximately CNY 500 billion, about USD 74.6 billion. CATL and Tencent had made the largest funding commitments, and the process was nearing completion. This was DeepSeek's second external funding round, following CNY 51 billion raised in month 6 at a post-money valuation near CNY 400 billion. It was preparing for a STAR Market IPO in early 2027.
Conway Research raises first round led by a16z
On 2026/10/2, Guixingren Pro reported that a16z had announced it was leading Conway Research’s first funding round, with the amount undisclosed. Participants included Khosla Ventures, Hummingbird and Anthology Fund, jointly established by Anthropic and Menlo Ventures. Individual investors included Naval Ravikant and Patrick Collison. Founded by Sigil Wen, its core product is AI assistant Underdog.
Lovable ARR surpasses $600M
On 2026/9/25, NDTV Profit reported that Lovable, a Swedish AI programming platform, surpassed USD 600 million in ARR. A leading AI programming company, it continues growing rapidly.
Nscale raises USD 3.36 billion in pre-IPO funding
On 2026/9/25, Presspool reported that AI cloud provider Nscale completed USD 3.36 billion in pre-IPO convertible note financing, including a USD 1 billion commitment from NVIDIA, led by Third Point. USD 2.36 billion was payable at closing, with conversion to equity after the IPO.
Netvue Secures Equity Investment
On September 22, 2026, Shenzhen-based Netvue, a smart-home products provider, completed an equity investment from WestSummit Capital, China Creation Ventures, GLP and Shengyan Investment.
Bensu Intelligence completes seed financing
On 2026-09-03, according to Xiniu Data, Bensu Intelligence completed seed financing for an undisclosed amount. Investors were lead investor Wuyuan Capital, participating investor Changchunteng Capital, participating investor Xianxing Capital, participating investor Huashan Capital WestSummit Capital. The company is a developer of on-device robotic self-evolution technology.
Cognition ARR hit $900M, tripling growth since start of the year
On 2026/8/28, The Information reported that Cognition, a US AI programming company, reached USD 900 million in ARR, with twofold growth since the start of the year. The company continues growing rapidly.
Castelion Raises $800M Series C Equity Plus $250M Credit Facility
On August 19, 2026, per Castelion, hypersonic weapons and defense manufacturing company closed a Series C with $800M in equity plus a $250M revolving credit commitment. The company's headline uses a ~$1B total figure, but equity and credit should not be summed as a single equity round.
Cursor officially acquired by SpaceX to leverage AI and advanced computing resources
On 2026/8/15, Cursor reported that the US AI programming tool was officially acquired by SpaceX to use its AI and advanced computing resources.
TBA completes Series A financing
On 2026-08-10, according to Xiniu Data, TBA completed Series A financing, raising USD 30.5 million. Investors were Meiguoguangsu Venture Capital, Committed Capital. The company is a U.S. provider of AI-native conversational advertising platforms.
Microagi raises USD 55 million in seed financing
On 2026-07-16, according to Xiniu Data, Microagi completed seed financing, raising USD 55 million. Investors were lead investor Hummingbird Ventures, participating investor Village Global, participating investor redalpine, participating investor Northzone, participating investor LocalGlobe. The company is a provider of embodied intelligence data services.
Monumental Raises $32M Series B Led by Khosla for Bricklaying Robots
On July 15, 2026, per Monumental, autonomous bricklaying robot company Monumental raised $32M in a Series B led by Khosla Ventures with Plural and Hummingbird. The company was founded in 2021 by Salar al Khafaji and Sebastiaan Visser, who previously co-founded data visualization company Silk, acquired by Palantir in 2016.
Rocket.new raises USD40 million in angel financing
On 2026/7/1, according to Xiniu Data, Rocket.new raised USD40 million in angel financing. Investors were 360 ONE Asset, Salesforce, Accel, and Together Fund. The company is an Indian developer of AI programming technology.
SavvyNomad grows ARR from USD 1 million to USD 2 million in six months
On 2026/5/16, LinkedIn reported that US digital nomad immigration and tax platform SavvyNomad had reached USD 2 million ARR, doubling from USD 1 million within six months.
OpenCode revenue run rate rises to USD 25 million
On 2026/5/11, X reported that open-source AI programming tool OpenCode increased its revenue run rate from USD 15 million in month 3 to USD 25 million, with more than 150,000 GitHub stars. The company did not disclose funding or valuation.
Centuro Global grows ARR 3 times over the past 12 months
On 2026/4/23, LinkedIn reported that UK AI immigration technology company Centuro Global had grown ARR to 3 times its previous level over the past year and was expanding hiring in the UK and US. It did not disclose a specific amount or valuation.
OpenAI completes USD 122 billion funding at USD 852 billion valuation
On 2026/3/31, CNBC reported that OpenAI had completed USD 122 billion in funding, increasing its valuation to USD 852 billion. It said the round secured USD 122 billion in committed capital.
Olix raises USD 220 million in equity financing
On 2026-02-11, according to Xiniu Data, Olix completed equity financing, raising USD 220 million. Investors were Crane Venture Partners, Hummingbird Ventures, Local Globe, Xiangfeng Investment.