News
Company news and developments, with original sources and dates.
Updated from source
Funding RSS ↗Turbo AI exceeds USD 13 million cumulative revenue, reaches tens of millions of US dollars ARR with team of just 10
Turbo AI exceeded 10 million global users and USD 13 million cumulative revenue. ARR reached eight figures, in the tens of millions of US dollars, with a team of just 10 and no paid advertising. All growth came from founder-created content and word of mouth.
Duolingo reports USD 298 million second-quarter revenue and 58.7 million DAU
Duolingo’s second-quarter 2026 revenue was USD 298 million, with 58.7 million DAU. AI roleplay drove paid conversion, while growth in month 2 mainly came from emerging markets including China.
ListenHub reaches USD 3 million in ARR without paid acquisition, with a paid conversion rate above 5%
AI podcast tool ListenHub reached USD 3 million in annualized revenue without paid acquisition and achieved monthly breakeven, with a paid conversion rate above 5%. It positions itself as a 'knowledge explainer' rather than a podcast tool, differentiating itself from free podcast generators such as NotebookLM.
Miter raises USD 40 million Series B to build AI-native construction operating system
According to Unite.AI, on 2026/9/30, AI-native construction operating system company Miter raised USD 40 million in Series B funding led by Battery Ventures, with Bessemer Venture Partners and Coatue participating. Headquartered in San Francisco, it unifies payroll, compliance, jobsites and project costs. More than 2000 contractors use it, with approximately 2% of US construction workers paid through its system. Total funding reached USD 78 million. Connor Watumull and Tobin Paxton co-founded the company.
Omi exceeds USD 5 million annualized revenue run rate
On 2026/9/26, Omi’s founder said on LinkedIn that the open-source AI wearable company had exceeded USD 5 million annualized revenue run rate. Previously relying mainly on organic growth, it had recently started testing paid acquisition. The original post did not separate hardware sales from subscription revenue.
Oura surpasses $1.21B revenue over nine months, up 74% with 5 million paid members
On 2026/9/5, according to WSJ, Finnish smart ring company Oura reported USD1.21 billion in revenue over nine months, up 74% year over year, and 5 million paid members. This corresponds to approximately USD1.6 billion in annualized revenue.
Klar reaches USD 500 thousand ARR
On 2026/8/28, X reported that Sweden’s Klar had reached USD 500 thousand ARR and disclosed a paid conversion rate above 80%. Its product serves small and medium-sized businesses in the Nordic region. Its paid conversion performance stood out.
RoboParty Luobopaidui raises RMB 500 million in Pre-Series A financing
On 2026-06-29, according to Xiniu Data, RoboParty Luobopaidui completed Pre-Series A financing, raising RMB 500 million. Investors were Ningbo Meishanbaoshuigangquwending Investment Co., Ltd.. The company is a developer of open-source humanoid robots.
RoboParty Luobo Paidui completes angel funding with an undisclosed amount
On 2026/6/1, Xiniu Data reported that RoboParty Luobo Paidui completed angel funding for an undisclosed amount. Investors included Shunwei Capital, Matrix Partners, Xiaomi Technology, Shangtang Guoxiang, and others. The company develops open-source humanoid robots.
Contrario reaches USD 6 million annualized revenue in under six months of operation
On 2026/5/25, Contrario reported that the US AI recruitment platform had reached USD 6 million annualized revenue in under six months of operation. It had paid more than USD 1 million to its recruiter network and served more than 200 companies.
Wave Connect reaches USD 1.5 million ARR
On 2026/5/15, LinkedIn reported that Canadian digital business card and contact management platform Wave Connect had grown ARR from USD 250 thousand to USD 1.5 million, without venture capital or paid advertising throughout its development.
Paraform grows revenue 10 times in 2025
On 2026/4/29, YouTube reported that recruitment platform Paraform, founded by John Kim, had grown revenue 10 times in 2025 without disclosing a specific amount. The USD 50 million paid to recruiters on its platform was not counted as revenue. It did not disclose funding or valuation.
SalesDraft reaches USD 2 million ARR in 15 months of commercialization
On 2026/4/23, LinkedIn reported that SalesDraft had reached USD 2 million ARR in 15 months of commercialization, with 80% representing prepaid actual recurring revenue and 20% monthly growth. It did not disclose funding or valuation.
ListenHub parent MarsWave completes USD 2 million in angel-plus funding and reaches USD 3 million in ARR
On 2026/1/1, a WeChat official account reported that ListenHub parent MarsWave completed USD 2 million in angel-plus funding led by FutureX Capital, with participation from Xiaomi co-founder Wang Chuan, bringing total funding to USD 2 million. It achieved USD 3 million in ARR without promotional spending, reached monthly break-even, and had a 5% paid conversion rate.
Genspark exceeds USD 50 million annual revenue run rate, with approximately 20% average monthly revenue growth, 88%-92% first-month paid retention and less than USD 1 million Q2 net burn
On 2025/9/30, LinkedIn reported that AI assistant company Genspark had exceeded a USD 50 million annual revenue run rate. Average monthly revenue growth over the past three months was approximately 20%, first-month paid retention was 88% to 92%, and second-quarter net cash burn was below USD 1 million. It did not disclose its latest funding or valuation.
Rise reaches USD 2 million ARR
On 2025/8/17, X reported that Rise had disclosed USD 2 million in annual recurring revenue. It provides membership subscriptions for independent developers. It provides membership subscriptions and paid features for independent developers.
Every reaches USD 1 million ARR
On 2025/7/20, X reported that membership community platform Every had disclosed USD 1 million in annual recurring revenue. It provides paid membership communities for independent writers and creators.
Get paid to help arcads users make winning ads with ai
In 2025, according to LinkedIn, French AI advertising creative platform Arcads reached USD7 million in ARR with just 6 people. Its customers include YC-incubated companies, a USD1 billion mobile application studio, and a USD100 million D2C brand.
Reaching USD 11 million annual revenue in 8 weeks. Henry Shi
In 2025/2, LinkedIn reported that generative AI video platform Higgsfield AI had reached USD 11 million annual revenue within 8 weeks, with 20 thousand paying users, 2 million monthly active users and 600 thousand daily active users. It had no paid advertising throughout and just 21 team members.
MainFunc’s Genspark reaches USD 36 million ARR within 45 days of launch
On 2025/5/19, X disclosed that AI search company Genspark had reached USD 36 million ARR within 45 days, with approximately 20 team members and growth entirely through word of mouth, without any paid promotion.
Peec reaches USD 760 thousand ARR
On 2025/5/3, ARR Club reported that Peec had disclosed USD 760 thousand in annual recurring revenue. It provides membership subscriptions and paid content tools for creators.
AI companion app flowith exceeds USD 1 million in annual subscription revenue without paid acquisition
On 2025/4/4, X reported that AI companion app flowith exceeded USD 1 million in annual subscription revenue with no paid acquisition, advertising, or marketing budget.
Paid completes EUR 10 million in pre-seed financing
Brief not available.
Substack reaches USD 40 million ARR
On 2024/12/8, ARR Club reported that US subscription writing platform Substack had disclosed USD 40 million in annual recurring revenue. Its paid writer ecosystem continued expanding, with ARR growing steadily from USD 29 million at the end of 2022.