News
Company news and developments, with original sources and dates.
Updated from source
Funding RSS ↗Kunlun Tech says first-half AI short-drama platform revenue was CNY 1.535 billion
On 2026/9/15, a WeChat public account reported that Kunlun Tech chairman and CEO Fang Han had disclosed in a campus recruitment presentation that revenue related to AI short-drama platforms DramaWave and FreeReels was CNY 1.535 billion in the first half of 2026, growing 163.28% year over year.
Motive reaches USD 600 million in ARR
On 2026/9/12, FreightWaves reported that Motive disclosed annual recurring revenue (ARR) of USD 600 million in the AI Productivity sector.
Alpha Long Tech Raises Over RMB 100M in Series B
On September 7, 2026, Alpha Long Tech, a metasurface optics and AR waveguide chip developer, raised over RMB 100 million in a Series B led by Plum Ventures. It was founded by Xu Peipei.
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.
Three Tiangong short dramas each reach revenue on the scale of a million US dollars within 7 days of release
On 2026/7/16, a WeChat public account reported that Kunlun Tech’s Tiangong short-drama workspace had launched an agent-powered intelligent storyboarding feature. Three premium short dramas each reached revenue on the scale of a million US dollars just 7 days after release on DramaWave.
Fika Jobs raises USD 4 million in seed funding
On 2026/6/24, Xiniu Data reported that Fika Jobs completed USD 4 million in seed funding led by Luminar Ventures, with participation from Alliance VC, Wave Ventures, Sebastian Knutsson, Riccardo Zacconi, and others. The company provides a Swedish AI recruitment platform.
NVIDIA plans at least USD 20 billion bond issuance
On 2026/6/15, The Decoder reported that US chip giant NVIDIA planned to raise at least USD 20 billion through its first bond issuance since 2021, joining the wave of AI infrastructure debt financing.
TensorWave raises USD 350 million in Series B financing
On 2026-06-10, according to Xiniu Data, TensorWave completed Series B financing, raising USD 350 million. Investors were co-lead investor Magnetar Capital, co-lead investor AMD Ventures, participating investor Western Frontier, participating investor Nexus Venture Partners, participating investor Maverick Silicon. The company is a U.S. AI GPU cloud platform provider.
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.
ThetaWave AI raises millions of USD in Pre-Series A financing
On 2026-01-28, according to Xiniu Data, ThetaWave AI completed Pre-Series A financing, raising millions of USD. Investors were Beitasimanyazhou Investment Fund, The MBA Fund, Qijichuangtan, Gaoling Venture Capital.
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.
Wavebio completes angel financing
Brief not available.
Susallwave completes equity financing
Brief not available.
Wave reaches USD 1 million ARR
On 2025/7/25, LinkedIn reported that Wave had disclosed USD 1 million in annual recurring revenue. It provides payment and subscription infrastructure for developers.
Replit reaches USD 80 million ARR
On 2025/5/15, ARR Club reported that US browser-based coding environment Replit had disclosed USD 80 million in annual recurring revenue. From USD 10 million ARR at the beginning of 2025, it grew rapidly amid the wave of AI-assisted coding.
TensorWave raises USD 100 million in Series A financing
Brief not available.
Supabase raises USD 200 million Series D at USD 2 billion valuation
On 2025/4/22, TechCrunch reported that open-source backend platform Supabase had raised USD 200 million in Series D funding at a USD 2 billion valuation. The vibe coding wave helped double its valuation in just seven months.
WaveSpeedAI raises millions of USD in angel financing
Brief not available.
Replit reaches USD 40 million ARR
On 2025/3/4, ARR Club reported that US browser-based coding environment Replit had disclosed USD 40 million in annual recurring revenue. From USD 10 million ARR at the end of 2024, it grew rapidly amid the wave of AI-assisted coding.
LuminWave completes strategic financing
Brief not available.
WaveForms AI raises USD 40 million in seed financing
Brief not available.
WaveForms raises USD 40 million in seed financing
Brief not available.
Wave Therapeutics completes seed financing
Brief not available.
Brightwave raises USD 15 million in Series A financing
Brief not available.