News
Company news and developments, with original sources and dates.
Updated from source
Funding RSS ↗ByteDance’s Gauth has approximately USD 8.39 million annualized in-app subscription revenue and more than 200 million global installs
ByteDance’s Gauth had more than 200 million cumulative global installs and approximately 86 million monthly active users, up 760% from 2023 by Dealroom’s measure. Annualized in-app subscription revenue was approximately USD 8.39 million. It was shifting from photo-based homework search to an AI tutoring and course platform and had recently launched Gauth AI Course based on Seedance 2.5.
Melius raises $25M to generate ads and videos with AI
On 2026/10/6, TechCrunch reported that Melius, a US AI advertising and video generation platform, raised USD 25 million across Series A and seed rounds, led by CRV. Founded by Joowon Kim, with a founding team previously at Ramp, it shifted to advertising generation after abandoning its first product. Current annualized revenue exceeds USD 1 million.
Inbolt Raises EUR 11M in Series A
On September 30, 2026, France-based Inbolt raised EUR 11 million in a Series A led by Shift4Good. The company uses real-time machine vision and spatial perception to help industrial robots adapt to different parts and workstations.
SideShift hit 1M+ creators with a goal of $100M ARR within the next 12 months
On 2026/8/11, LinkedIn reported that SideShift, a US creator economy platform, had brought together more than 1 million creators and aimed to reach USD 100 million in ARR within the next 12 months.
Databricks valuation rises to USD 188 billion; new funding reportedly approximately USD 3 billion
On 2026/7/21, TechCrunch reported that US company Databricks had reached a USD 188 billion valuation following a new round led by Coatue, with the amount reportedly approximately USD 3 billion. It was accelerating its shift toward AI products.
MeltFlex AI reaches EUR 100,000 in ARR through bootstrapping and programmatic SEO alone
On 2026/7/16, LinkedIn reported that Slovak company MeltFlex AI reached EUR 100,000 in ARR solely through bootstrapping and programmatic SEO. It shifted from B2B to B2C, focusing on the US, UK, and Australian markets.
Niteshift raises USD 7 million in seed financing
On 2026-06-12, according to Xiniu Data, Niteshift completed seed financing, raising USD 7 million. Investors were lead investor Jerry Chen, Olivier Pomel, Ankur Goyal, Misha Laskin and others. The company is an AI coding infrastructure services provider.
Fazeshift raises USD 17 million in Series A financing
On 2026-05-12, according to Xiniu Data, Fazeshift completed Series A financing, raising USD 17 million. Investors were F-Prime Capital, Wayfinder, Ritual Capital, YC and others. The company is a U.S. provider of AI accounts receivable agent services.
Mavelli grows ARR from 2 million to USD 3 million in 20 days
On 2026/4/12, LinkedIn reported that UAE consumer AI product Mavelli had reached USD 3 million ARR 5 months after launch, adding USD 1 million within three weeks. It also noted high monthly churn and shifted its focus to improving retention.
Fazeshift raises USD 4 million in seed financing
Brief not available.
Phaseshift Technologies raises USD 3 million in seed financing
Brief not available.