financing

In August 2026, Databricks announced the completion of a $5 billion strategic funding round, bringing its valuation to $190 billion. While this figure is impressive enough, what’s even more noteworthy than the valuation is its growth rate: Databricks’ annualized revenue is growing...

On August 3, 2026, QiuZhi Technology—which had been in operation for just over three years—once again found itself in the spotlight of the embodied intelligence industry. The robotics startup, which emerged from the Tsinghua University Institute of Intelligent Industry, announced the completion of a $100 million Angel+ round of financing. IDG Capital, StarLink Capital, Wuyuefeng Sci-Tech, and Dachen Capital...

In August 2026, OLIX, a British AI chip startup, completed a high-profile funding round. The company, which had been in operation for just two years, raised $312 million in Series B funding, bringing its post-investment valuation to $3.3 billion. This followed a $220 million funding round completed in February 2026, which valued the company at just over $1 billion...

The first wave of generative AI primarily took place in the fields of text, images, code, and video. While it has transformed knowledge production and digital content creation, it has not yet fully addressed the underlying constraints of physical industries such as semiconductors, energy, chemicals, and automotive. CuspAI aims to tackle precisely the most challenging aspects of these industries...

On July 20, 2026, Meshy, an AI-powered 3D generation platform, announced the completion of a Series B funding round of nearly $400 million, bringing its post-investment valuation to over 10 billion yuan. This round was co-led by IDG Capital, Matrix Partners China, Monolith Capital, and strategic investors, with Granit...

In the summer of 2026, the edge AI sector welcomed a unicorn company valued at over 20 billion yuan. On July 15, Beijing Mianbi Intelligence Technology Co., Ltd. completed a new Round C+ financing round, with investors ranging from national-level funds, state-owned enterprises, and automakers to other diverse industry players and financial investors. In just 20...

On July 6, Beijing Xingdong Jiyuan Technology Co., Ltd. announced the completion of a new round of financing worth 1 billion yuan, led by Chengtong Fund—a fund under the State-owned Assets Supervision and Administration Commission (SASAC)—with several local state-owned capital entities participating as co-investors. This marks the largest single investment by state-owned capital in the embodied intelligence sector this year. When robotics companies begin to secure funding from state-owned capital, it signals that the industry has officially moved from...

On June 23, 2026, Hyper3D, a 3D generative AI company, announced the completion of a new round of financing worth several hundred million yuan, jointly led by Cathay Capital and Shanghai SDIC Pioneer. Existing investors, including Sequoia China, Meituan Dragon Ball, ByteDance, and BlueRun Ventures, continued to participate in the round. LightSource Capital served as the exclusive...

3.5 billion raised in 3 months, valuation surpasses 10 billion, "China’s Answer" in the Global Modeling Sector Emerges On June 15, 2026, Jijia Vision secured an additional 1 billion yuan in Series B2 funding. Investors included Singapore’s Lion City Capital, the China-Belgium Fund, CDB Capital, Wanxiang Qianchao, and other top global state-backed funds...

On June 18, 2026, a bombshell hit China’s AI application layer. Evoken announced the completion of a Series B+ funding round of nearly $300 million, bringing its post-investment valuation to over $2 billion—one of the largest single funding rounds in China’s AI application layer to date. Granite A...

According to a report by Forbes today, Swedish AI programming startup Lovable is in talks for a new round of funding, targeting a valuation as high as $12 billion—nearly double its $6.6 billion valuation from last December. This means that the company, which was founded just three years ago, is growing at a pace that would leave even Silicon Valley breathless...

Last night, Israeli AI software monitoring unicorn Coralogix completed $200 million (about RMB 1.35 billion) in Series F financing, with a post-investment valuation of $1.6 billion (about RMB 10.8 billion). The round of financing amount will be mainly used for AI intelligent body capability research and development, telemetry data technology set...

Astribot, a rope-driven AI robot company known as "China's version of Figure", announced today that it has completed a series of Series B financing. Three rounds of financing were completed in three months, totaling more than 1 billion RMB, and the company's valuation exceeded the 10 billion RMB mark in one fell swoop, formally ranking among China's...

Early this morning, Anthropic's strongest general-purpose model Claude Opus 4.8 was officially released, the new model benchmark test comprehensively surpasses Gemini 3.1 Pro, Opus 4.7, only one inferior to the GPT-5.5, but the price of its standard model remains the same...

While the entire AI industry is still fighting over "who can train the strongest model", a Chinese woman at the helm of the company has quietly shifted the battlefield to "who can make the model run faster and cheaper" - which, in turn, happens to be the most valuable business in 2026. According to a Bloomberg report today, people familiar with the matter...

May 13, 2011 - Isomorphic Labs, a UK-based R&D company for AI drugs spun out of Google DeepMind, yesterday announced the completion of a $2.1 billion (roughly Rs. 14.3 billion) Series B financing round. The round was funded by Thrive Capital for the first consecutive...

According to sources, Step Star will complete nearly 2.5 billion U.S. dollars (about 17 billion yuan) financing, and has dismantled the red chip structure, accelerated preparations for the IPO in Hong Kong, or will become the Chi Spectrum, MiniMax in addition to the other domestic large model companies listed in Hong Kong. To be completed, this round of financing will be over...

On May 6, Kimi's parent company Dark Side of the Moon is about to close a new $2 billion round of financing, with a post-investment valuation topping $20 billion, according to LatePost. The round was led by Meituan Dragon Pearl (which contributed over $200 million), with participation from China Mobile and CPE (CITIC Industrial Fund). ...

Just now, Shenzhen-based robotics chip company Groundnut Robotics announced that it has taken $150 million (roughly Rs. 1.024 billion) in new Series B2 funding from a retail tech and supply chain giant, DDT, Prosperity7 Venture Capital Fund, Gao Tiles Venture Capital, Temasek's Vertex Grow...

This morning, OpenAI announced the completion of its latest round of financing, raising $122 billion (about RMB 8416.78 billion), with a post-investment valuation of $852 billion (about RMB 5,877.948 billion), making it the world's largest-ever single private equity financing...