News
Company news and developments, with original sources and dates.
Updated from source
Funding RSS ↗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.
Monarch Hits $100M ARR and Acquires MBI
On 2026/10/2, FF News reported that Monarch, a US accounting automation company, reached USD 100 million in ARR and acquired MBI. The company is an established player in accounting automation.
Cognition ARR surpasses $1B in less than two years after launch
On 2026/9/26, Cognition AI reported that U.S. AI coding company Cognition had exceeded USD 1 billion in ARR less than two years after launch. The company is a leading AI coding player.
Enhans raises USD 37.1589 million in Series C financing
On 2026-09-22, according to Xiniu Data, Enhans completed Series C financing, raising USD 37.1589 million. Investors were Timefolio Asset Management, Stonebridge Ventures, LOTTE, LG Display, POSCO. The company is a South Korean provider of enterprise agentic AI services.
Learna has USD 2.6 million monthly gross billings across both platforms, once ranked second on the US iOS education top-grossing chart
Learna teaches English to non-native speakers living in the US, dividing learning into 13 urgent scenarios such as hospitals, courts, banks and interviews. AI plays receptionists, doctors and interviewers in real-time conversations. Sensor Tower’s 2026 figures put monthly gross billings across both platforms at USD 2.6 million. It once reached Top 2 on the US iOS education top-grossing chart, behind only Duolingo. More than 7 tenths of revenue came from the US, retention was 68% and pricing USD 6.99 per week.
Raysees Semi Raises ~RMB 100M in Pre-A4 Round
On September 10, 2026, Suzhou-based Raysees Semiconductor, a Micro-LED microdisplay chip developer for AR/MR near-eye displays and optical interconnects, raised close to RMB 100 million in a Pre-A4 round led by CMB International Capital.
Buffer ARR hit $26M with over 80k paying customers
On 2026/9/5, LinkedIn reported that U.S. social media management platform Buffer had reached USD 26 million in ARR and over 80,000 paying customers. The company is a long-established social media management player.
Clay valued at $7 billion pre-money
On 2026/9/1, Axios reported that Clay, a US sales AI company, reached a pre-money valuation of USD 7 billion. The company is a leading sales AI player. The company is a leading sales AI player.
ViewX completes equity financing
On 2026-08-21, according to Xiniu Data, ViewX completed equity financing for an undisclosed amount. Investors were Wuhuaitaikeqiche Electronics Co., Ltd.. The company is a developer of AI-driven portable glasses-free 3D displays.
Xinping Semiconductor completes equity financing
On 2026-08-14, according to Xiniu Data, Xinping Semiconductor completed equity financing for an undisclosed amount. Investors were Shenzhen City Innovation Capital Investment Co., Ltd., Guangdong Shanhanxianxinerhao Venture Capital Partnership (Limited Partnership), Anhui Xinweizhike Venture Capital Fund Partnership (Limited Partnership), S-YKZ Holding Limited, Ningbo Yidingxing Venture Capital Partnership (Limited Partnership). The company is a developer of display chips for AI glasses.
geoSurge raises USD 12 million in seed financing
On 2026-07-03, according to Xiniu Data, geoSurge completed seed financing, raising USD 12 million. Investors were lead investor AlbionVC, participating investor Play Ventures, participating investor Octopus Ventures, participating investor Celero Ventures, participating investor Boost Capital, participating investor Passion Capital, participating investor Tuesday Capital, other participating investors. The company is a developer of generative engine optimization products.
General Intuition raises USD 320 million at USD 2.3 billion valuation
On 2026/6/25, TechCrunch reported that US company General Intuition had raised USD 320 million at a USD 2.3 billion valuation, bringing disclosed total funding to USD 454 million. It uses gameplay data to train AI agents.
Supernatural Action Squad exceeds CNY 5 billion cumulative gross billings and 400 million AI imposter matches
According to Li Zhe at China Business on 2026/4/26, Giant Network game Supernatural Action Squad had exceeded CNY 5 billion cumulative gross billings, 200 million cumulative registered users and 400 million matches involving AI imposter gameplay by the end of the first quarter of 2026. These figures represent cumulative game gross billings and usage.
Niuwa Robotics completes seed financing
On 2026-03-27, according to Xiniu Data, Niuwa Robotics completed seed financing for an undisclosed amount. Investors were Plug and Play.
StoReel raises USD 34 million in equity financing
On 2026-03-26, according to Xiniu Data, StoReel completed equity financing, raising USD 34 million. Investors were The Venture Reality Fund, Play Ventures.
Speak exceeds USD 100 million annualized revenue, reaches 15 million downloads and more than 500 enterprise customers
On 2025/11/13, Forbes reported that AI language learning platform Speak had exceeded USD 100 million in annualized revenue, with 15 million cumulative downloads and more than 500 enterprise customers. It uses AI roleplay and speech recognition to improve speaking fluency and did not disclose funding or valuation.
PlayMoney reaches USD 1 million ARR
On 2025/8/12, LinkedIn reported that gaming platform PlayMoney had disclosed USD 1 million in annual recurring revenue. It provides in-app purchases and monetization services for gamers.
Elympics reaches USD 75 million ARR
On 2025/8/10, X reported that Polish esports platform Elympics had disclosed USD 75 million in annual recurring revenue. It provides real-time multiplayer infrastructure for game developers.
Play.AI is acquired
Brief not available.
Senja reaches USD 7 million ARR
On 2025/4/11, ARR Club reported that customer testimonial platform Senja had disclosed USD 7 million in annual recurring revenue. It helps small and medium-sized businesses quickly collect and display customer reviews and case studies, improving website conversion.
Play.AI discloses USD 21 million in total seed funding
Brief not available.
Testimonial approaches USD 1 million in annual revenue, with valuation above USD 760,000 and total funding above USD 760,000; employee count is not mentioned
On 2023/12/31, X reported that Testimonial, a US video testimonial platform, had annual recurring revenue approaching USD 1 million and total funding above USD 760,000. It helps businesses automatically collect and display customer video reviews and was in early commercialization.
Yoto reaches USD 4.9 million ARR
On 2020/11/9, ARR Club reported that UK children’s audio hardware company Yoto had disclosed USD 4.9 million in annual recurring revenue. The brand, focused on screen-free children’s audio players, found a differentiated position in family education hardware.