[
 {
  "n": "Anthropic",
  "co": "Anthropic PBC",
  "url": "https://www.anthropic.com",
  "logo": "logos/anthropic.png",
  "logoDark": false,
  "tags": [
   "大模型",
   "AI 编程"
  ],
  "hq": "旧金山",
  "country": "美国",
  "region": "北美",
  "founded": 2021,
  "status": "private",
  "owner": "",
  "ref": true,
  "pts": [
   {
    "v": 1000.0,
    "d": "2025-01",
    "kind": "run-rate revenue",
    "raw": "At the beginning of 2025 ... run-rate revenue had grown to approximately $1 billion",
    "who": "官宣",
    "src": "https://www.constellationr.com/insights/news/anthropic-lands-183-billion-valuation-hits-5-billion-annual-revenue-run-rate",
    "srcName": "Constellation Research（转述 Anthropic Series F 官宣）",
    "kindShort": "年化"
   },
   {
    "v": 5000.0,
    "d": "2025-08",
    "kind": "run-rate revenue",
    "raw": "By August 2025 ... our run-rate revenue reached over $5 billion",
    "who": "官宣",
    "src": "https://www.constellationr.com/insights/news/anthropic-lands-183-billion-valuation-hits-5-billion-annual-revenue-run-rate",
    "srcName": "Constellation Research（转述 Anthropic Series F 官宣）",
    "kindShort": "年化"
   },
   {
    "v": 9000.0,
    "d": "2025-12",
    "kind": "run-rate revenue",
    "raw": "up from approximately $9 billion at the end of 2025",
    "who": "官宣",
    "src": "https://simonwillison.net/2026/may/29/anthropic/",
    "srcName": "Simon Willison 摘引 Anthropic 官方公告",
    "kindShort": "年化"
   },
   {
    "v": 14000.0,
    "d": "2026-02",
    "kind": "run-rate revenue",
    "raw": "Today, our run-rate revenue is $14 billion",
    "who": "官宣",
    "src": "https://simonwillison.net/2026/may/29/anthropic/",
    "srcName": "Simon Willison 摘引 Anthropic Series G 公告",
    "kindShort": "年化"
   },
   {
    "v": 19000.0,
    "d": "2026-03",
    "kind": "run-rate revenue",
    "raw": "recently surpassed $19 billion in run-rate revenue",
    "who": "媒体·Bloomberg",
    "src": "https://www.bloomberg.com/news/articles/2026-03-03/anthropic-nears-20-billion-revenue-run-rate-amid-pentagon-feud",
    "srcName": "Bloomberg",
    "kindShort": "年化"
   },
   {
    "v": 30000.0,
    "d": "2026-04",
    "kind": "run-rate revenue",
    "raw": "Our run-rate revenue has now surpassed $30 billion",
    "who": "官宣",
    "src": "https://venturebeat.com/technology/anthropic-says-it-hit-a-30-billion-revenue-run-rate-after-crazy-80x-growth",
    "srcName": "VentureBeat（Anthropic 4-6 公告）",
    "kindShort": "年化"
   },
   {
    "v": 47000.0,
    "d": "2026-05",
    "kind": "run-rate revenue",
    "raw": "our run-rate revenue crossed $47 billion earlier this month",
    "who": "官宣",
    "src": "https://simonwillison.net/2026/may/29/anthropic/",
    "srcName": "Simon Willison 摘引 Anthropic Series H 公告",
    "kindShort": "年化"
   },
   {
    "v": 65000.0,
    "d": "2026-07",
    "kind": "run-rate revenue",
    "raw": "run rate hit $65 billion by the end of July",
    "who": "媒体·Bloomberg",
    "src": "https://www.thehindubusinessline.com/info-tech/anthropics-annualised-revenue-to-top-100-billion-in-2026/article71483703.ece",
    "srcName": "BusinessLine 转述 Bloomberg（Reuters 同样报道）",
    "kindShort": "年化"
   }
  ],
  "series": [
   {
    "v": 1000.0,
    "d": "2025-01",
    "kind": "run-rate revenue",
    "raw": "At the beginning of 2025 ... run-rate revenue had grown to approximately $1 billion",
    "who": "官宣",
    "src": "https://www.constellationr.com/insights/news/anthropic-lands-183-billion-valuation-hits-5-billion-annual-revenue-run-rate",
    "srcName": "Constellation Research（转述 Anthropic Series F 官宣）",
    "kindShort": "年化"
   },
   {
    "v": 5000.0,
    "d": "2025-08",
    "kind": "run-rate revenue",
    "raw": "By August 2025 ... our run-rate revenue reached over $5 billion",
    "who": "官宣",
    "src": "https://www.constellationr.com/insights/news/anthropic-lands-183-billion-valuation-hits-5-billion-annual-revenue-run-rate",
    "srcName": "Constellation Research（转述 Anthropic Series F 官宣）",
    "kindShort": "年化"
   },
   {
    "v": 9000.0,
    "d": "2025-12",
    "kind": "run-rate revenue",
    "raw": "up from approximately $9 billion at the end of 2025",
    "who": "官宣",
    "src": "https://simonwillison.net/2026/may/29/anthropic/",
    "srcName": "Simon Willison 摘引 Anthropic 官方公告",
    "kindShort": "年化"
   },
   {
    "v": 14000.0,
    "d": "2026-02",
    "kind": "run-rate revenue",
    "raw": "Today, our run-rate revenue is $14 billion",
    "who": "官宣",
    "src": "https://simonwillison.net/2026/may/29/anthropic/",
    "srcName": "Simon Willison 摘引 Anthropic Series G 公告",
    "kindShort": "年化"
   },
   {
    "v": 19000.0,
    "d": "2026-03",
    "kind": "run-rate revenue",
    "raw": "recently surpassed $19 billion in run-rate revenue",
    "who": "媒体·Bloomberg",
    "src": "https://www.bloomberg.com/news/articles/2026-03-03/anthropic-nears-20-billion-revenue-run-rate-amid-pentagon-feud",
    "srcName": "Bloomberg",
    "kindShort": "年化"
   },
   {
    "v": 30000.0,
    "d": "2026-04",
    "kind": "run-rate revenue",
    "raw": "Our run-rate revenue has now surpassed $30 billion",
    "who": "官宣",
    "src": "https://venturebeat.com/technology/anthropic-says-it-hit-a-30-billion-revenue-run-rate-after-crazy-80x-growth",
    "srcName": "VentureBeat（Anthropic 4-6 公告）",
    "kindShort": "年化"
   },
   {
    "v": 47000.0,
    "d": "2026-05",
    "kind": "run-rate revenue",
    "raw": "our run-rate revenue crossed $47 billion earlier this month",
    "who": "官宣",
    "src": "https://simonwillison.net/2026/may/29/anthropic/",
    "srcName": "Simon Willison 摘引 Anthropic Series H 公告",
    "kindShort": "年化"
   },
   {
    "v": 65000.0,
    "d": "2026-07",
    "kind": "run-rate revenue",
    "raw": "run rate hit $65 billion by the end of July",
    "who": "媒体·Bloomberg",
    "src": "https://www.thehindubusinessline.com/info-tech/anthropics-annualised-revenue-to-top-100-billion-in-2026/article71483703.ece",
    "srcName": "BusinessLine 转述 Bloomberg（Reuters 同样报道）",
    "kindShort": "年化"
   }
  ],
  "latest": {
   "v": 65000.0,
   "d": "2026-07",
   "kind": "run-rate revenue",
   "raw": "run rate hit $65 billion by the end of July",
   "who": "媒体·Bloomberg",
   "src": "https://www.thehindubusinessline.com/info-tech/anthropics-annualised-revenue-to-top-100-billion-in-2026/article71483703.ece",
   "srcName": "BusinessLine 转述 Bloomberg（Reuters 同样报道）",
   "kindShort": "年化"
  },
  "tier": "t10b",
  "val": {
   "v": 380000.0,
   "d": "2026-02",
   "kind": "G 轮投后",
   "src": "https://www.saastr.com/anthropic-just-hit-14-billion-in-arr-up-from-1-billion-just-14-months-ago/"
  },
  "pending": [
   {
    "raw": "Q3 2026 revenue $16.8B (vs $11.6B Q2, $4.7B Q1), annualized $67.2B by average-quarter math",
    "src": "https://www.benzinga.com/Opinion/26/10/62396265/anthropic-needs-nearly-2700-million-in-additional-monthly-revenue-to-reach-100b-run-rate-by-year-end",
    "why": "是季度营收（投资者日披露）；$67.2B 是 Benzinga 自己换算，不入点"
   },
   {
    "raw": "expected to generate more than $100 billion in annualised revenue this year (NYT)",
    "src": "https://www.thehindubusinessline.com/info-tech/anthropics-annualised-revenue-to-top-100-billion-in-2026/article71483703.ece",
    "why": "预测值，不入点"
   },
   {
    "raw": "Series H $65B；估值 $965B",
    "src": "https://valueaddvc.com/blog/xai-revenue-how-grok-and-the-api-actually-make-money",
    "why": "估值只有聚合站来源，未核"
   }
  ],
  "note": "Claude 系列大模型公司，企业 / 编程占比高。最新官宣 run-rate 2026-05 $47B；Bloomberg 报 7 月底 $65B。10-26 已向 SEC 递交 S-1（拟 Nasdaq，代码 ANT）：2025 全年营收 $4.585B，2026H1 营收 $16.29B，Q2 $11.56B（均为财报口径，非 run-rate）。OpenAI 曾质疑其云厂商分成按总额计入（差约 $8B）。",
  "funding": [
   {
    "date": "2021-05",
    "round": "A 轮",
    "amount": "$124M",
    "lead": "Jaan Tallinn",
    "post": "未披露",
    "src": "https://www.longtermwiki.com/funding-rounds/anthropic-series-a"
   },
   {
    "date": "2022-04",
    "round": "B 轮",
    "amount": "$580M",
    "lead": "FTX / Sam Bankman-Fried",
    "post": "未披露",
    "src": "https://www.fobi.com/devtools/companies/anthropic"
   },
   {
    "date": "2023-05",
    "round": "C 轮",
    "amount": "$450M",
    "lead": "Spark Capital（Google、Salesforce Ventures 等跟投）",
    "post": "投后 $4.5B",
    "src": "https://www.fobi.com/devtools/companies/anthropic"
   },
   {
    "date": "2023-09",
    "round": "战略投资",
    "amount": "Amazon 初始 $1.25B（承诺最高 $4B）",
    "lead": "Amazon",
    "post": "未披露",
    "src": "https://hao.cnyes.com/post/247544"
   },
   {
    "date": "2023-10",
    "round": "战略投资",
    "amount": "Google 先投 $500M，后续再投 $1.5B",
    "lead": "Google",
    "post": "未披露",
    "src": "https://en.wikipedia.org/wiki/Anthropic#2"
   },
   {
    "date": "2024-03",
    "round": "D 轮",
    "amount": "$750M",
    "lead": "Menlo Ventures",
    "post": "投后 $18.4B",
    "src": "https://www.longtermwiki.com/funding-rounds/anthropic-series-d"
   },
   {
    "date": "2024-11",
    "round": "战略投资（可转债）",
    "amount": "$4B",
    "lead": "Amazon",
    "post": "未披露",
    "src": "https://www.fobi.com/devtools/companies/anthropic"
   },
   {
    "date": "2025-03",
    "round": "E 轮",
    "amount": "$3.5B",
    "lead": "Lightspeed Venture Partners（Bessemer、General Catalyst、Cisco Investments、D1、Fidelity 跟投）",
    "post": "投后 $61.5B",
    "src": "https://www.investing.com/news/stock-market-news/factboxfrom-amazon-to-google-the-deeppocketed-investors-in-anthropic-4972883#1"
   },
   {
    "date": "2025-09",
    "round": "F 轮",
    "amount": "$13B",
    "lead": "ICONIQ（Fidelity、Lightspeed 联合领投；Coatue、GIC、QIA、General Atlantic、Insight 跟投）",
    "post": "投后 $183B",
    "src": "https://br.tradingview.com/symbols/NASDAQ-ANT/"
   },
   {
    "date": "2026-02",
    "round": "G 轮",
    "amount": "$30B",
    "lead": "GIC、Coatue、Founders Fund、D.E. Shaw Ventures、ICONIQ、MGX 联合领投（Nvidia、QIA 等跟投）",
    "post": "投后 $380B",
    "src": "https://finance.yahoo.com/news/anthropic-surpasses-openai-ai-cash-204112269.html"
   },
   {
    "date": "2026-04",
    "round": "战略投资",
    "amount": "Amazon 同意再投最高 $20B；Google 首笔 $10B，承诺最高 $40B",
    "lead": "Amazon、Google",
    "post": "未披露",
    "src": "https://www.investing.com/news/stock-market-news/factboxfrom-amazon-to-google-the-deeppocketed-investors-in-anthropic-4972883#1"
   },
   {
    "date": "2026-05",
    "round": "H 轮",
    "amount": "$65B（其中 $15B 为已承诺的超大云厂商投资，含 Amazon $5B）",
    "lead": "Altimeter、Dragoneer、Greenoaks、Sequoia 联合领投（Capital Group、Coatue、D1，及 Samsung、SK Hynix、Micron 等战略方跟投）",
    "post": "投后 $965B",
    "src": "https://www.informatiquenews.fr/anthropic-rafle-65-milliards-et-flirte-avec-les-1-000-milliards-de-valorisation-111664"
   }
  ],
  "total": "未披露（第三方 fobi 口径约 $121.4B，含战略投资）"
 },
 {
  "n": "OpenAI",
  "co": "OpenAI",
  "url": "https://openai.com",
  "logo": "logos/openai.png",
  "logoDark": false,
  "tags": [
   "大模型"
  ],
  "hq": "旧金山",
  "country": "美国",
  "region": "北美",
  "founded": 2015,
  "status": "private",
  "owner": "",
  "ref": true,
  "pts": [
   {
    "v": 2000.0,
    "d": "2023-12",
    "kind": "ARR",
    "raw": "$2 billion in Annual Recurring Revenue in 2023",
    "who": "官宣",
    "src": "https://www.medianama.com/2026/01/223-openai-20b-estimated-revenue-ai-adoption-gains/",
    "srcName": "MediaNama（转述 CFO Sarah Friar 官方博客）",
    "kindShort": "ARR"
   },
   {
    "v": 6000.0,
    "d": "2024-12",
    "kind": "ARR",
    "raw": "$6 billion in ARR in 2024",
    "who": "官宣",
    "src": "https://www.medianama.com/2026/01/223-openai-20b-estimated-revenue-ai-adoption-gains/",
    "srcName": "MediaNama（转述 CFO Sarah Friar 官方博客）",
    "kindShort": "ARR"
   },
   {
    "v": 10000.0,
    "d": "2025-06",
    "kind": "ARR",
    "raw": "Annual recurring revenue jumped to $13 billion, up from $10 billion in June",
    "who": "媒体·CNBC",
    "src": "https://www.cnbc.com/2025/08/01/openai-raise-chatgpt-users.html",
    "srcName": "CNBC",
    "kindShort": "ARR"
   },
   {
    "v": 13000.0,
    "d": "2025-07",
    "kind": "ARR",
    "raw": "Annual recurring revenue jumped to $13 billion",
    "who": "媒体·CNBC",
    "src": "https://www.cnbc.com/2025/08/01/openai-raise-chatgpt-users.html",
    "srcName": "CNBC",
    "kindShort": "ARR"
   },
   {
    "v": 20000.0,
    "d": "2025-12",
    "kind": "ARR",
    "raw": "over $20 billion in 2025 (CFO blog)",
    "who": "官宣",
    "src": "https://www.medianama.com/2026/01/223-openai-20b-estimated-revenue-ai-adoption-gains/",
    "srcName": "MediaNama（转述 CFO Sarah Friar 官方博客）",
    "kindShort": "ARR"
   },
   {
    "v": 25000.0,
    "d": "2026-02",
    "kind": "年化收入",
    "raw": "topped $25 billion in annualised revenue as of the end of last month (up 17% from $21.4 billion at end of year)",
    "who": "媒体·The Information",
    "src": "https://www.rte.ie/news/business/2026/0305/1561832-openai-tops-25-billion-in-annualised-revenue-report/",
    "srcName": "RTE 转述 The Information",
    "kindShort": "年化"
   },
   {
    "v": 40000.0,
    "d": "2026-08",
    "kind": "年化收入(ARR)",
    "raw": "annualized revenue run rate expected to exceed about $40 billion (Bloomberg, Aug 13)",
    "who": "媒体·Bloomberg",
    "src": "https://www.thelec.net/news/articleView.html?idxno=13085",
    "srcName": "THE ELEC 转述 Bloomberg",
    "kindShort": "ARR"
   },
   {
    "v": 50000.0,
    "d": "2026-09",
    "kind": "年化收入",
    "raw": "annualized revenue was roughly $50 billion at the end of September",
    "who": "媒体·Bloomberg",
    "src": "https://www.moneycontrol.com/artificial-intelligence/openai-expects-70-billion-in-annualised-revenue-by-2026-end-up-from-50-billion-in-september-article-14048162.html",
    "srcName": "Moneycontrol 转述 Bloomberg（FT 同样报道约 $50B）",
    "kindShort": "年化"
   }
  ],
  "series": [
   {
    "v": 2000.0,
    "d": "2023-12",
    "kind": "ARR",
    "raw": "$2 billion in Annual Recurring Revenue in 2023",
    "who": "官宣",
    "src": "https://www.medianama.com/2026/01/223-openai-20b-estimated-revenue-ai-adoption-gains/",
    "srcName": "MediaNama（转述 CFO Sarah Friar 官方博客）",
    "kindShort": "ARR"
   },
   {
    "v": 6000.0,
    "d": "2024-12",
    "kind": "ARR",
    "raw": "$6 billion in ARR in 2024",
    "who": "官宣",
    "src": "https://www.medianama.com/2026/01/223-openai-20b-estimated-revenue-ai-adoption-gains/",
    "srcName": "MediaNama（转述 CFO Sarah Friar 官方博客）",
    "kindShort": "ARR"
   },
   {
    "v": 10000.0,
    "d": "2025-06",
    "kind": "ARR",
    "raw": "Annual recurring revenue jumped to $13 billion, up from $10 billion in June",
    "who": "媒体·CNBC",
    "src": "https://www.cnbc.com/2025/08/01/openai-raise-chatgpt-users.html",
    "srcName": "CNBC",
    "kindShort": "ARR"
   },
   {
    "v": 13000.0,
    "d": "2025-07",
    "kind": "ARR",
    "raw": "Annual recurring revenue jumped to $13 billion",
    "who": "媒体·CNBC",
    "src": "https://www.cnbc.com/2025/08/01/openai-raise-chatgpt-users.html",
    "srcName": "CNBC",
    "kindShort": "ARR"
   },
   {
    "v": 20000.0,
    "d": "2025-12",
    "kind": "ARR",
    "raw": "over $20 billion in 2025 (CFO blog)",
    "who": "官宣",
    "src": "https://www.medianama.com/2026/01/223-openai-20b-estimated-revenue-ai-adoption-gains/",
    "srcName": "MediaNama（转述 CFO Sarah Friar 官方博客）",
    "kindShort": "ARR"
   },
   {
    "v": 25000.0,
    "d": "2026-02",
    "kind": "年化收入",
    "raw": "topped $25 billion in annualised revenue as of the end of last month (up 17% from $21.4 billion at end of year)",
    "who": "媒体·The Information",
    "src": "https://www.rte.ie/news/business/2026/0305/1561832-openai-tops-25-billion-in-annualised-revenue-report/",
    "srcName": "RTE 转述 The Information",
    "kindShort": "年化"
   },
   {
    "v": 40000.0,
    "d": "2026-08",
    "kind": "年化收入(ARR)",
    "raw": "annualized revenue run rate expected to exceed about $40 billion (Bloomberg, Aug 13)",
    "who": "媒体·Bloomberg",
    "src": "https://www.thelec.net/news/articleView.html?idxno=13085",
    "srcName": "THE ELEC 转述 Bloomberg",
    "kindShort": "ARR"
   },
   {
    "v": 50000.0,
    "d": "2026-09",
    "kind": "年化收入",
    "raw": "annualized revenue was roughly $50 billion at the end of September",
    "who": "媒体·Bloomberg",
    "src": "https://www.moneycontrol.com/artificial-intelligence/openai-expects-70-billion-in-annualised-revenue-by-2026-end-up-from-50-billion-in-september-article-14048162.html",
    "srcName": "Moneycontrol 转述 Bloomberg（FT 同样报道约 $50B）",
    "kindShort": "年化"
   }
  ],
  "latest": {
   "v": 50000.0,
   "d": "2026-09",
   "kind": "年化收入",
   "raw": "annualized revenue was roughly $50 billion at the end of September",
   "who": "媒体·Bloomberg",
   "src": "https://www.moneycontrol.com/artificial-intelligence/openai-expects-70-billion-in-annualised-revenue-by-2026-end-up-from-50-billion-in-september-article-14048162.html",
   "srcName": "Moneycontrol 转述 Bloomberg（FT 同样报道约 $50B）",
   "kindShort": "年化"
  },
  "tier": "t10b",
  "val": {
   "v": 852000.0,
   "d": "2026-03",
   "kind": "融资投后（$122B 一轮）",
   "src": "https://za.investing.com/analysis/openais-real-ipo-risk-is-financial-transparency-200619593"
  },
  "pending": [
   {
    "raw": "annual recurring revenue nears $70 billion (Axios/Reuters, 2026-09-28)",
    "src": "https://www.cnbctv18.com/technology/openais-annual-recurring-revenue-nears-70-billion-20001443.htm",
    "why": "后被 FT 报道为投资人估算错误，OpenAI 向投资人披露约 $50B；且 OpenAI 与 Anthropic 年化口径不同（OpenAI 为净额）"
   },
   {
    "raw": "expects to reach or exceed $70 billion in annualized revenue by end of 2026",
    "src": "https://www.bloomberg.com/news/articles/2026-10-09/openai-expects-70-billion-in-annualized-revenue-by-end-of-2026",
    "why": "预测值，不入点"
   }
  ],
  "note": "ChatGPT / API 的大模型公司。最新 ~$500 亿年化（2026-09 底，Bloomberg/FT）。2025 全年营收约 $13B（财报口径）；2025 末 The Information 报 $21.4B。9 月 Axios/Reuters 报的 ~$70B 被 FT 更正为约 $50B，口径是净额，与 Anthropic 不可直接比。",
  "funding": [
   {
    "date": "2023-01",
    "round": "战略投资",
    "amount": "未披露（报道称约 $10B）",
    "lead": "Microsoft",
    "post": "",
    "src": "https://www.nasdaq.com/fr/node/16801666"
   },
   {
    "date": "2024-10",
    "round": "私募轮",
    "amount": "$6.6B",
    "lead": "Thrive Capital（Microsoft、Nvidia、SoftBank、Khosla、Altimeter、Fidelity、MGX 跟投）",
    "post": "投后 $157B",
    "src": "https://www.nasdaq.com/articles/openai-raises-66-bln-funding-157-bln-valuation"
   },
   {
    "date": "2025-03",
    "round": "私募轮",
    "amount": "$40B（承诺额，分期到位）",
    "lead": "SoftBank（Microsoft、Coatue、Altimeter、Thrive 跟投）",
    "post": "投后 $300B",
    "src": "https://www.nasdaq.com/articles/openai-raises-40-bln-softbank-led-funding-round-at-300-bln-post-valuation"
   },
   {
    "date": "2026-03",
    "round": "私募轮（2026-02 宣布 $110B，3 月底封闭）",
    "amount": "$122B（承诺资本）",
    "lead": "Amazon、Nvidia、SoftBank 领投；SoftBank 与 a16z、D. E. Shaw、MGX、TPG、T. Rowe Price 共同领投（Microsoft 等跟投）",
    "post": "投后 $852B",
    "src": "https://www.cnbc.com/2026/03/31/openai-funding-round-ipo.html"
   }
  ],
  "total": "未披露（只列 2021 年后主要轮次，各轮含承诺额，不相加）"
 },
 {
  "n": "Databricks",
  "co": "Databricks",
  "url": "https://www.databricks.com",
  "logo": "logos/databricks.png",
  "logoDark": false,
  "tags": [
   "数据",
   "AI Infra"
  ],
  "hq": "旧金山",
  "country": "美国",
  "region": "北美",
  "founded": 2013,
  "status": "private",
  "owner": "",
  "ref": true,
  "pts": [
   {
    "v": 3000.0,
    "d": "2024-12",
    "kind": "annual revenue run-rate",
    "raw": "A year ago, Databricks said its annual revenue run rate was $3 billion",
    "who": "官宣",
    "src": "https://www.constellationr.com/insights/news/databricks-annual-revenue-run-rate-hits-48-billion-134-billion-valuation",
    "srcName": "Constellation Research（转述 Databricks 官宣）",
    "kindShort": "年化"
   },
   {
    "v": 4000.0,
    "d": "2025-09",
    "kind": "revenue run-rate",
    "raw": "crossed a $4 billion revenue run-rate during Q2, growing >50% year over year",
    "who": "官宣",
    "src": "https://uk.advfn.com/stock-market/share-news/Databricks-Surpasses-4B-Revenue-Run-Rate-Exceedi/96777857",
    "srcName": "Databricks 新闻稿（PRNewswire）",
    "kindShort": "年化"
   },
   {
    "v": 4800.0,
    "d": "2025-12",
    "kind": "revenue run-rate",
    "raw": "crossed a $4.8 billion revenue run-rate during its Q3, growing >55%",
    "who": "官宣",
    "src": "https://www.advfn.com/stock-market/stock-news/97451735/databricks-grows-55-yoy-surpasses-4-8b-revenue",
    "srcName": "Databricks 新闻稿（PRNewswire）",
    "kindShort": "年化"
   },
   {
    "v": 5400.0,
    "d": "2026-02",
    "kind": "revenue run-rate",
    "raw": "crossed $5.4 billion in revenue run-rate, growing >65% year-over-year",
    "who": "官宣",
    "src": "https://www.crn.com/news/ai/2026/databricks-raises-5b-in-latest-funding-round-discloses-latest-financial-performance-stats",
    "srcName": "CRN / Databricks 官宣",
    "kindShort": "年化"
   },
   {
    "v": 7000.0,
    "d": "2026-08",
    "kind": "revenue run-rate",
    "raw": "crossed a $7 billion revenue run-rate, delivering >80% year-over-year growth during its Q2",
    "who": "官宣",
    "src": "https://www.databricks.com/company/newsroom/press-releases/databricks-grows-80-yoy-surpasses-7b-revenue-run-rate-scales",
    "srcName": "Databricks 新闻稿",
    "kindShort": "年化"
   }
  ],
  "series": [
   {
    "v": 3000.0,
    "d": "2024-12",
    "kind": "annual revenue run-rate",
    "raw": "A year ago, Databricks said its annual revenue run rate was $3 billion",
    "who": "官宣",
    "src": "https://www.constellationr.com/insights/news/databricks-annual-revenue-run-rate-hits-48-billion-134-billion-valuation",
    "srcName": "Constellation Research（转述 Databricks 官宣）",
    "kindShort": "年化"
   },
   {
    "v": 4000.0,
    "d": "2025-09",
    "kind": "revenue run-rate",
    "raw": "crossed a $4 billion revenue run-rate during Q2, growing >50% year over year",
    "who": "官宣",
    "src": "https://uk.advfn.com/stock-market/share-news/Databricks-Surpasses-4B-Revenue-Run-Rate-Exceedi/96777857",
    "srcName": "Databricks 新闻稿（PRNewswire）",
    "kindShort": "年化"
   },
   {
    "v": 4800.0,
    "d": "2025-12",
    "kind": "revenue run-rate",
    "raw": "crossed a $4.8 billion revenue run-rate during its Q3, growing >55%",
    "who": "官宣",
    "src": "https://www.advfn.com/stock-market/stock-news/97451735/databricks-grows-55-yoy-surpasses-4-8b-revenue",
    "srcName": "Databricks 新闻稿（PRNewswire）",
    "kindShort": "年化"
   },
   {
    "v": 5400.0,
    "d": "2026-02",
    "kind": "revenue run-rate",
    "raw": "crossed $5.4 billion in revenue run-rate, growing >65% year-over-year",
    "who": "官宣",
    "src": "https://www.crn.com/news/ai/2026/databricks-raises-5b-in-latest-funding-round-discloses-latest-financial-performance-stats",
    "srcName": "CRN / Databricks 官宣",
    "kindShort": "年化"
   },
   {
    "v": 7000.0,
    "d": "2026-08",
    "kind": "revenue run-rate",
    "raw": "crossed a $7 billion revenue run-rate, delivering >80% year-over-year growth during its Q2",
    "who": "官宣",
    "src": "https://www.databricks.com/company/newsroom/press-releases/databricks-grows-80-yoy-surpasses-7b-revenue-run-rate-scales",
    "srcName": "Databricks 新闻稿",
    "kindShort": "年化"
   }
  ],
  "latest": {
   "v": 7000.0,
   "d": "2026-08",
   "kind": "revenue run-rate",
   "raw": "crossed a $7 billion revenue run-rate, delivering >80% year-over-year growth during its Q2",
   "who": "官宣",
   "src": "https://www.databricks.com/company/newsroom/press-releases/databricks-grows-80-yoy-surpasses-7b-revenue-run-rate-scales",
   "srcName": "Databricks 新闻稿",
   "kindShort": "年化"
  },
  "tier": "t1b",
  "val": {
   "v": 190000.0,
   "d": "2026-08",
   "kind": "融资投后（$5B）",
   "src": "https://cfotech.com.au/story/databricks-tops-usd-7-billion-run-rate-after-funding"
  },
  "pending": [],
  "note": "非 AI 原生（2013 成立），参考图收录。数据 + AI 平台（Lakehouse、Lakebase、Agent Bricks）。$1B 档（更早）未找到可靠出处，未列。2026-08 同时披露 Lakehouse 数仓 run-rate >$1.5B、Lakebase >$100M；自由现金流为正。",
  "funding": [
   {
    "date": "2021-02",
    "round": "G 轮",
    "amount": "$1B",
    "lead": "Franklin Templeton（CPP Investment Board、Fidelity、Whale Rock、AWS、CapitalG、Salesforce Ventures、Microsoft、a16z 等跟投）",
    "post": "投后 $28B",
    "src": "https://www.databricks.com/company/newsroom/press-releases/databricks-raises-1-billion-series-g-investment-at-28-billion-valuation"
   },
   {
    "date": "2021-08",
    "round": "H 轮",
    "amount": "$1.6B",
    "lead": "Counterpoint Global（Morgan Stanley）",
    "post": "投后 $38B",
    "src": "https://www.fortune.com/2023/09/14/databricks-ipo-funding-a16z-nvidia-investors/"
   },
   {
    "date": "2023-09",
    "round": "I 轮",
    "amount": "$500M+",
    "lead": "T. Rowe Price（a16z、Baillie Gifford、Fidelity、Franklin Templeton、GIC、Tiger Global、Nvidia、Capital One Ventures、Ontario Teachers 跟投）",
    "post": "投后 $43B",
    "src": "https://news.crunchbase.com/ai-robotics/databricks-funding-valuation-nvda/"
   },
   {
    "date": "2024-12",
    "round": "J 轮",
    "amount": "$10B（计划募集；公告时已完成 $8.6B）",
    "lead": "Thrive Capital（a16z、DST Global、GIC、Insight Partners、WCM 共同领投；ICONIQ、MGX、Sands、Wellington 等参与）",
    "post": "投后 $62B",
    "src": "https://www.databricks.com/company/newsroom/press-releases/databricks-raising-10b-series-j-investment-62b-valuation"
   },
   {
    "date": "2025-09",
    "round": "K 轮",
    "amount": "$1B",
    "lead": "a16z、Insight Partners、MGX、Thrive Capital、WCM 共同领投",
    "post": "估值超 $100B",
    "src": "https://www.uaepreferred.com/perspectives/mgx-co-leads-1b-databricks-round"
   },
   {
    "date": "2025-12",
    "round": "L 轮",
    "amount": "$4B+",
    "lead": "Insight Partners、Fidelity、J.P. Morgan Asset Management 共同领投（a16z、BlackRock、Blackstone 参与）",
    "post": "估值 $134B",
    "src": "https://www.bloomberg.com/news/articles/2025-12-16/databricks-raising-funds-at-134-billion-valuation-wsj-reports"
   }
  ],
  "total": "未披露（各轮含二级/非稀释口径，不相加）"
 },
 {
  "n": "CoreWeave",
  "co": "CoreWeave",
  "url": "https://www.coreweave.com",
  "logo": "logos/coreweave.png",
  "logoDark": false,
  "tags": [
   "AI Infra"
  ],
  "hq": "新泽西",
  "country": "美国",
  "region": "北美",
  "founded": 2017,
  "status": "public",
  "owner": "",
  "ref": false,
  "pts": [
   {
    "v": 5131.0,
    "d": "2025-12",
    "kind": "年营收（2025 全年，同比 +168%）",
    "raw": "fastest cloud platform in history to surpass $5 billion in annual revenue",
    "who": "官宣",
    "src": "https://www.nasdaq.com/press-release/coreweave-reports-strong-fourth-quarter-and-fiscal-year-2025-results-2026-02-26",
    "srcName": "CoreWeave 财报新闻稿（Nasdaq）",
    "kindShort": "营收"
   }
  ],
  "series": [
   {
    "v": 5131.0,
    "d": "2025-12",
    "kind": "年营收（2025 全年，同比 +168%）",
    "raw": "fastest cloud platform in history to surpass $5 billion in annual revenue",
    "who": "官宣",
    "src": "https://www.nasdaq.com/press-release/coreweave-reports-strong-fourth-quarter-and-fiscal-year-2025-results-2026-02-26",
    "srcName": "CoreWeave 财报新闻稿（Nasdaq）",
    "kindShort": "营收"
   }
  ],
  "latest": {
   "v": 5131.0,
   "d": "2025-12",
   "kind": "年营收（2025 全年，同比 +168%）",
   "raw": "fastest cloud platform in history to surpass $5 billion in annual revenue",
   "who": "官宣",
   "src": "https://www.nasdaq.com/press-release/coreweave-reports-strong-fourth-quarter-and-fiscal-year-2025-results-2026-02-26",
   "srcName": "CoreWeave 财报新闻稿（Nasdaq）",
   "kindShort": "营收"
  },
  "tier": "public",
  "val": null,
  "pending": [],
  "note": "GPU 算力云，纳斯达克上市（CRWV）；收入积压订单 $668 亿（2025 年末）。2025 全年收入 $51.31 亿。",
  "funding": [
   {
    "date": "2023-04",
    "round": "B 轮",
    "amount": "$221M",
    "lead": "Magnetar Capital（Nvidia、Nat Friedman、Daniel Gross 跟投）",
    "post": "约 $2B（第三方）",
    "src": "https://valueaddvc.com/blog/coreweave-funding-2026-221m-series-b-to-23b-pre-ipo-valuation"
   },
   {
    "date": "2024-05",
    "round": "C 轮",
    "amount": "$1.1B",
    "lead": "Coatue（Magnetar、Altimeter、Fidelity、Jane Street、Blackstone 等跟投）",
    "post": "投后约 $19B（第三方）",
    "src": "https://forgeglobal.com/coreweave_stock/#faqs"
   },
   {
    "date": "2024-11",
    "round": "老股转让（二级）",
    "amount": "未披露",
    "lead": "未披露",
    "post": "约 $23B（第三方）",
    "src": "https://valueaddvc.com/blog/coreweave-funding-2026-221m-series-b-to-23b-pre-ipo-valuation"
   },
   {
    "date": "2025-03",
    "round": "IPO",
    "amount": "$1.5B（$40/股，纳斯达克 CRWV；Nvidia 认购 $250M 锚定）",
    "lead": "IPO",
    "post": "未披露",
    "src": "https://www.axios.com/2025/03/28/coreweave-ipo-nvidia"
   }
  ],
  "total": "未披露"
 },
 {
  "n": "Cursor",
  "co": "Anysphere",
  "url": "https://cursor.com",
  "logo": "logos/cursor.png",
  "logoDark": false,
  "tags": [
   "AI 编程"
  ],
  "hq": "旧金山",
  "country": "美国",
  "region": "北美",
  "founded": 2022,
  "status": "acquired",
  "owner": "SpaceX（2026-08-14 完成，全股票）",
  "ref": true,
  "pts": [
   {
    "v": 100.0,
    "d": "2025-01",
    "kind": "annualised revenue",
    "raw": "hit $100 million in annualised revenue in January 2025",
    "who": "媒体·Tech Funding News",
    "src": "https://thenextweb.com/news/cursor-anysphere-2-billion-funding-50-billion-valuation-ai-coding",
    "srcName": "The Next Web",
    "kindShort": "年化"
   },
   {
    "v": 500.0,
    "d": "2025-06",
    "kind": "annualised revenue",
    "raw": "$500 million by June",
    "who": "媒体·The Next Web",
    "src": "https://thenextweb.com/news/cursor-anysphere-2-billion-funding-50-billion-valuation-ai-coding",
    "srcName": "The Next Web",
    "kindShort": "年化"
   },
   {
    "v": 1000.0,
    "d": "2025-11",
    "kind": "annualised revenue",
    "raw": "$1 billion by November (Series D announcement)",
    "who": "官宣",
    "src": "https://thenextweb.com/news/cursor-anysphere-2-billion-funding-50-billion-valuation-ai-coding",
    "srcName": "The Next Web（转述 Cursor D 轮官宣）",
    "kindShort": "年化"
   },
   {
    "v": 2000.0,
    "d": "2026-02",
    "kind": "annualized revenue",
    "raw": "annualized revenue topped $2 billion in February",
    "who": "媒体·Bloomberg",
    "src": "https://www.bloomberg.com/news/articles/2026-03-02/cursor-recurring-revenue-doubles-in-three-months-to-2-billion",
    "srcName": "Bloomberg",
    "kindShort": "年化"
   },
   {
    "v": 3000.0,
    "d": "2026-05",
    "kind": "annualized revenue",
    "raw": "Cursor hits $3 billion annual sales rate",
    "who": "媒体·Bloomberg",
    "src": "https://www.bloomberg.com/news/articles/2026-05-21/cursor-hits-3-billion-annual-sales-rate-ahead-of-spacex-deal",
    "srcName": "Bloomberg（经 ICE 转述）",
    "kindShort": "年化"
   },
   {
    "v": 4000.0,
    "d": "2026-06",
    "kind": "annualised revenue",
    "raw": "surpassed $4 billion in annualised revenue as of early June 2026 (~75% enterprise)",
    "who": "媒体·Forbes",
    "src": "https://dealroom.co/news/134107-cursor-tops-4b-annualized-revenue/",
    "srcName": "Dealroom 转述 Forbes",
    "kindShort": "年化"
   }
  ],
  "series": [
   {
    "v": 100.0,
    "d": "2025-01",
    "kind": "annualised revenue",
    "raw": "hit $100 million in annualised revenue in January 2025",
    "who": "媒体·Tech Funding News",
    "src": "https://thenextweb.com/news/cursor-anysphere-2-billion-funding-50-billion-valuation-ai-coding",
    "srcName": "The Next Web",
    "kindShort": "年化"
   },
   {
    "v": 500.0,
    "d": "2025-06",
    "kind": "annualised revenue",
    "raw": "$500 million by June",
    "who": "媒体·The Next Web",
    "src": "https://thenextweb.com/news/cursor-anysphere-2-billion-funding-50-billion-valuation-ai-coding",
    "srcName": "The Next Web",
    "kindShort": "年化"
   },
   {
    "v": 1000.0,
    "d": "2025-11",
    "kind": "annualised revenue",
    "raw": "$1 billion by November (Series D announcement)",
    "who": "官宣",
    "src": "https://thenextweb.com/news/cursor-anysphere-2-billion-funding-50-billion-valuation-ai-coding",
    "srcName": "The Next Web（转述 Cursor D 轮官宣）",
    "kindShort": "年化"
   },
   {
    "v": 2000.0,
    "d": "2026-02",
    "kind": "annualized revenue",
    "raw": "annualized revenue topped $2 billion in February",
    "who": "媒体·Bloomberg",
    "src": "https://www.bloomberg.com/news/articles/2026-03-02/cursor-recurring-revenue-doubles-in-three-months-to-2-billion",
    "srcName": "Bloomberg",
    "kindShort": "年化"
   },
   {
    "v": 3000.0,
    "d": "2026-05",
    "kind": "annualized revenue",
    "raw": "Cursor hits $3 billion annual sales rate",
    "who": "媒体·Bloomberg",
    "src": "https://www.bloomberg.com/news/articles/2026-05-21/cursor-hits-3-billion-annual-sales-rate-ahead-of-spacex-deal",
    "srcName": "Bloomberg（经 ICE 转述）",
    "kindShort": "年化"
   },
   {
    "v": 4000.0,
    "d": "2026-06",
    "kind": "annualised revenue",
    "raw": "surpassed $4 billion in annualised revenue as of early June 2026 (~75% enterprise)",
    "who": "媒体·Forbes",
    "src": "https://dealroom.co/news/134107-cursor-tops-4b-annualized-revenue/",
    "srcName": "Dealroom 转述 Forbes",
    "kindShort": "年化"
   }
  ],
  "latest": {
   "v": 4000.0,
   "d": "2026-06",
   "kind": "annualised revenue",
   "raw": "surpassed $4 billion in annualised revenue as of early June 2026 (~75% enterprise)",
   "who": "媒体·Forbes",
   "src": "https://dealroom.co/news/134107-cursor-tops-4b-annualized-revenue/",
   "srcName": "Dealroom 转述 Forbes",
   "kindShort": "年化"
  },
  "tier": "t1b",
  "val": {
   "v": 60000.0,
   "d": "2026-08",
   "kind": "SpaceX 全股票收购价",
   "src": "https://aimagazine.com/news/cursor-the-ai-coding-agent-spacex-bought-in-a-us-60bn-deal"
  },
  "pending": [
   {
    "raw": "From the closing date through September 30, 2026, Cursor contributed $608 million of revenue to the Company",
    "src": "https://www.zhihu.com/question/2096153708019110178/answer/2096228317405910329",
    "why": "SpaceX 10-Q 原文经知乎转述；是 6 周实际营收，不是 ARR，不换算"
   }
  ],
  "note": "AI 代码编辑器 / 编程智能体。被 SpaceX 收购后不再单独披露 ARR；最新 ARR $4B（2026-06 初）。图里的旧档位已远超。",
  "funding": [
   {
    "date": "2024-08",
    "round": "A 轮",
    "amount": "$60M",
    "lead": "未披露",
    "post": "投后 $400M",
    "src": "https://www.institutionalinvestor.com/article/coatue-joins-23-billion-bet-hot-ai-coding-platform"
   },
   {
    "date": "2024-12",
    "round": "B 轮",
    "amount": "$105M",
    "lead": "Thrive Capital",
    "post": "投后 $2.6B",
    "src": "https://techcrunch.com/2024/12/19/in-just-4-months-ai-coding-assistant-cursor-raised-another-100m-at-a-2-5b-valuation-led-by-thrive-sources-say/"
   },
   {
    "date": "2025-06",
    "round": "C 轮",
    "amount": "$900M",
    "lead": "Thrive Capital（a16z、Accel、DST 跟投）",
    "post": "投后 $9.9B",
    "src": "https://www.nasdaq.com/articles/ai-powered-coding-tool-anysphere-raises-900m-99b-valuation-its-third-round-less-one-year"
   },
   {
    "date": "2025-11",
    "round": "D 轮",
    "amount": "$2.3B",
    "lead": "Accel、Coatue（Nvidia、Google、Thrive、a16z、DST 跟投）",
    "post": "投后 $29.3B",
    "src": "https://www.institutionalinvestor.com/article/coatue-joins-23-billion-bet-hot-ai-coding-platform"
   },
   {
    "date": "2026-06",
    "round": "被收购",
    "amount": "$60B（全股票）",
    "lead": "SpaceX",
    "post": "",
    "src": "https://valueaddvc.com/company/cursor"
   }
  ],
  "total": "累计约 $3.37B（A–D 四轮相加，不含早期种子）"
 },
 {
  "n": "Canva",
  "co": "Canva",
  "url": "https://www.canva.com",
  "logo": "logos/canva.png",
  "logoDark": false,
  "tags": [
   "图像设计",
   "办公生产力"
  ],
  "hq": "悉尼",
  "country": "澳大利亚",
  "region": "亚太",
  "founded": 2013,
  "status": "private",
  "owner": "",
  "ref": true,
  "pts": [
   {
    "v": 2200.0,
    "d": "2024-05",
    "kind": "annualised revenue",
    "raw": "up 50% from the USD2.2 billion the company reported in May last year",
    "who": "媒体·Capital Brief",
    "src": "https://www.capitalbrief.com/article/canva-revenue-climbs-50-in-just-over-a-year-amid-enterprise-growth-f8198e36-872a-449f-afec-4c94a8888664/",
    "srcName": "Capital Brief",
    "kindShort": "年化"
   },
   {
    "v": 3300.0,
    "d": "2025-07",
    "kind": "annual recurring revenue",
    "raw": "annualised revenue now sits at USD3.3 billion",
    "who": "创始人",
    "src": "https://www.capitalbrief.com/article/canva-revenue-climbs-50-in-just-over-a-year-amid-enterprise-growth-f8198e36-872a-449f-afec-4c94a8888664/",
    "srcName": "Capital Brief（联创 Cliff Obrecht 在 Google Cloud Summit 发言）",
    "kindShort": "营收"
   },
   {
    "v": 3500.0,
    "d": "2025-10",
    "kind": "annualised revenue",
    "raw": "resultados anualizados até outubro alcançaram US$ 3,5 bilhões",
    "who": "媒体·Bloomberg Línea",
    "src": "https://www.bloomberglinea.com.br/tech/como-esta-empresa-de-design-driblou-o-risco-da-ia-e-dobrou-a-receita-para-us-35-bi/",
    "srcName": "Bloomberg Línea",
    "kindShort": "年化"
   },
   {
    "v": 4000.0,
    "d": "2025-12",
    "kind": "ARR",
    "raw": "annual recurring revenue to $4 billion by the end of year",
    "who": "创始人",
    "src": "https://techcrunch.com/2026/02/18/canva-gets-to-4b-in-revenue-as-llm-referral-traffic-rises/",
    "srcName": "TechCrunch（联创兼 COO Cliff Obrecht）",
    "kindShort": "ARR"
   }
  ],
  "series": [
   {
    "v": 2200.0,
    "d": "2024-05",
    "kind": "annualised revenue",
    "raw": "up 50% from the USD2.2 billion the company reported in May last year",
    "who": "媒体·Capital Brief",
    "src": "https://www.capitalbrief.com/article/canva-revenue-climbs-50-in-just-over-a-year-amid-enterprise-growth-f8198e36-872a-449f-afec-4c94a8888664/",
    "srcName": "Capital Brief",
    "kindShort": "年化"
   },
   {
    "v": 3500.0,
    "d": "2025-10",
    "kind": "annualised revenue",
    "raw": "resultados anualizados até outubro alcançaram US$ 3,5 bilhões",
    "who": "媒体·Bloomberg Línea",
    "src": "https://www.bloomberglinea.com.br/tech/como-esta-empresa-de-design-driblou-o-risco-da-ia-e-dobrou-a-receita-para-us-35-bi/",
    "srcName": "Bloomberg Línea",
    "kindShort": "年化"
   },
   {
    "v": 4000.0,
    "d": "2025-12",
    "kind": "ARR",
    "raw": "annual recurring revenue to $4 billion by the end of year",
    "who": "创始人",
    "src": "https://techcrunch.com/2026/02/18/canva-gets-to-4b-in-revenue-as-llm-referral-traffic-rises/",
    "srcName": "TechCrunch（联创兼 COO Cliff Obrecht）",
    "kindShort": "ARR"
   }
  ],
  "latest": {
   "v": 4000.0,
   "d": "2025-12",
   "kind": "ARR",
   "raw": "annual recurring revenue to $4 billion by the end of year",
   "who": "创始人",
   "src": "https://techcrunch.com/2026/02/18/canva-gets-to-4b-in-revenue-as-llm-referral-traffic-rises/",
   "srcName": "TechCrunch（联创兼 COO Cliff Obrecht）",
   "kindShort": "ARR"
  },
  "tier": "t1b",
  "val": {
   "v": 42000.0,
   "d": "2025-08",
   "kind": "员工股份出售估值",
   "src": "https://techcrunch.com/2026/02/18/canva-gets-to-4b-in-revenue-as-llm-referral-traffic-rises/"
  },
  "pending": [],
  "note": "非 AI 原生（2013 成立），参考图收录；只披露总营收口径。设计平台，2026 全面推 Canva AI。2026Q2 季度营收 $921.9M（+25%），全年增速指引由 30% 下调到约 20%；B2B ARR 已超 $500M（Stockhead 引 The Australian）。2026 年 ARR 暂无比 $4B 更新的官方数字。",
  "funding": [
   {
    "date": "2021-04",
    "round": "成长轮（第三方称 Series F/G）",
    "amount": "$71M",
    "lead": "未披露",
    "post": "估值 $15B",
    "src": "https://ar.tradingview.com/symbols/NASDAQ-CANVA/"
   },
   {
    "date": "2021-09",
    "round": "成长轮",
    "amount": "$200M",
    "lead": "T. Rowe Price（Franklin Templeton、Sequoia、Bessemer、Greenoaks、Dragoneer、Blackbird、Felicis 跟投，第三方汇总）",
    "post": "估值 $40B",
    "src": "https://ar.tradingview.com/symbols/NASDAQ-CANVA/"
   },
   {
    "date": "2024-10",
    "round": "员工股二级出售",
    "amount": "未披露",
    "lead": "未披露（第三方汇总列 ICONIQ、Coatue）",
    "post": "估值 $32B",
    "src": "https://ar.tradingview.com/symbols/NASDAQ-CANVA/"
   },
   {
    "date": "2025-08",
    "round": "员工股二级出售",
    "amount": "未披露",
    "lead": "Fidelity Management（J.P. Morgan Asset Management 新进）",
    "post": "估值 $42B",
    "src": "https://techfundingnews.com/canva-hits-42b-valuation-in-secondary-sale-joining-figma-in-pre-ipo-spotlight/"
   }
  ],
  "total": "第三方汇总（TradingView）累计约 $570M；官方未披露"
 },
 {
  "n": "ByteDance 字节 大模型业务",
  "co": "字节跳动",
  "url": "https://www.volcengine.com",
  "logo": "logos/bytedance.png",
  "logoDark": false,
  "tags": [
   "大模型"
  ],
  "hq": "北京",
  "country": "中国",
  "region": "中国",
  "founded": 2023,
  "status": "unit",
  "owner": "字节跳动",
  "ref": false,
  "pts": [
   {
    "v": 4000.0,
    "d": "2026-07",
    "kind": "ARR（7 月平均消耗口径）",
    "raw": "按7月平均消耗口径统计，字节跳动大模型业务年化收入（ARR）达40亿美元，超过内地其他模型公司ARR总和",
    "who": "官宣",
    "src": "https://www.21jingji.com/article/20260730/herald/ca87ae001dfde409b7e14266f574a198.html",
    "srcName": "21世纪经济报道（字节 7-30 披露）",
    "kindShort": "ARR"
   }
  ],
  "series": [
   {
    "v": 4000.0,
    "d": "2026-07",
    "kind": "ARR（7 月平均消耗口径）",
    "raw": "按7月平均消耗口径统计，字节跳动大模型业务年化收入（ARR）达40亿美元，超过内地其他模型公司ARR总和",
    "who": "官宣",
    "src": "https://www.21jingji.com/article/20260730/herald/ca87ae001dfde409b7e14266f574a198.html",
    "srcName": "21世纪经济报道（字节 7-30 披露）",
    "kindShort": "ARR"
   }
  ],
  "latest": {
   "v": 4000.0,
   "d": "2026-07",
   "kind": "ARR（7 月平均消耗口径）",
   "raw": "按7月平均消耗口径统计，字节跳动大模型业务年化收入（ARR）达40亿美元，超过内地其他模型公司ARR总和",
   "who": "官宣",
   "src": "https://www.21jingji.com/article/20260730/herald/ca87ae001dfde409b7e14266f574a198.html",
   "srcName": "21世纪经济报道（字节 7-30 披露）",
   "kindShort": "ARR"
  },
  "tier": "public",
  "val": null,
  "pending": [
   {
    "raw": "豆包 App 每日收入不足百万元人民币，主要来自电商佣金",
    "src": "https://m.chinaz.com/ainews/28970.shtml",
    "why": "只有人民币口径，且为「不足」上限"
   }
  ],
  "note": "大厂产品线，不是独立公司：含豆包、即梦、Seedance、火山引擎 MaaS API。字节跳动未上市，放「已上市 / 大厂对照」，不和创业公司比档。",
  "funding": [],
  "total": ""
 },
 {
  "n": "xAI",
  "co": "xAI（现并入 SpaceX，品牌 SpaceXAI）",
  "url": "https://x.ai",
  "logo": "logos/xai.png",
  "logoDark": false,
  "tags": [
   "大模型"
  ],
  "hq": "帕洛阿尔托",
  "country": "美国",
  "region": "北美",
  "founded": 2023,
  "status": "acquired",
  "owner": "SpaceX（2026-02 合并）",
  "ref": true,
  "pts": [
   {
    "v": 2620.0,
    "d": "2024-12",
    "kind": "年营收（SpaceX S-1 AI 分部，含 X 平台）",
    "raw": "In 2024, xAI recorded a loss of $1.56 billion on $2.62 billion in revenue",
    "who": "媒体·TechCrunch",
    "src": "https://techcrunch.com/2026/05/20/xai-burned-6-4b-last-year-spacexs-ipo-filing-shows-why-the-spending-is-far-from-over/",
    "srcName": "TechCrunch（引 SpaceX S-1）",
    "kindShort": "营收"
   },
   {
    "v": 3200.0,
    "d": "2025-12",
    "kind": "年营收（SpaceX S-1 AI 分部，含 X 平台）",
    "raw": "xAI lost $6.4 billion from operations on just $3.2 billion in revenue in 2025",
    "who": "媒体·TechCrunch",
    "src": "https://techcrunch.com/2026/05/20/xai-burned-6-4b-last-year-spacexs-ipo-filing-shows-why-the-spending-is-far-from-over/",
    "srcName": "TechCrunch（引 SpaceX S-1）",
    "kindShort": "营收"
   }
  ],
  "series": [
   {
    "v": 2620.0,
    "d": "2024-12",
    "kind": "年营收（SpaceX S-1 AI 分部，含 X 平台）",
    "raw": "In 2024, xAI recorded a loss of $1.56 billion on $2.62 billion in revenue",
    "who": "媒体·TechCrunch",
    "src": "https://techcrunch.com/2026/05/20/xai-burned-6-4b-last-year-spacexs-ipo-filing-shows-why-the-spending-is-far-from-over/",
    "srcName": "TechCrunch（引 SpaceX S-1）",
    "kindShort": "营收"
   },
   {
    "v": 3200.0,
    "d": "2025-12",
    "kind": "年营收（SpaceX S-1 AI 分部，含 X 平台）",
    "raw": "xAI lost $6.4 billion from operations on just $3.2 billion in revenue in 2025",
    "who": "媒体·TechCrunch",
    "src": "https://techcrunch.com/2026/05/20/xai-burned-6-4b-last-year-spacexs-ipo-filing-shows-why-the-spending-is-far-from-over/",
    "srcName": "TechCrunch（引 SpaceX S-1）",
    "kindShort": "营收"
   }
  ],
  "latest": {
   "v": 3200.0,
   "d": "2025-12",
   "kind": "年营收（SpaceX S-1 AI 分部，含 X 平台）",
   "raw": "xAI lost $6.4 billion from operations on just $3.2 billion in revenue in 2025",
   "who": "媒体·TechCrunch",
   "src": "https://techcrunch.com/2026/05/20/xai-burned-6-4b-last-year-spacexs-ipo-filing-shows-why-the-spending-is-far-from-over/",
   "srcName": "TechCrunch（引 SpaceX S-1）",
   "kindShort": "营收"
  },
  "tier": "t1b",
  "val": {
   "v": 230000.0,
   "d": "2026-01",
   "kind": "E 轮（合并前）",
   "src": "https://valueaddvc.com/blog/xai-230b-grok-1-25t-spacex-merger-company-deep-dive"
  },
  "pending": [
   {
    "raw": "AI segment revenue $2.56B in Q2 2026 (+247% YoY); Q1 2026 $818M",
    "src": "https://www.cnbc.com/2026/08/04/spacex-spcx-earnings-live-updates-q2-2026.html",
    "why": "季度营收（SpaceX 财报），含 X 与算力租赁，不是 ARR；已上市披露口径，供主线判断"
   },
   {
    "raw": "standalone Grok ARR ~ $500M (mid-2026); Sacra: ~$3.8B annualised at end-2025 incl. X",
    "src": "https://www.startuphub.ai/ai-news/ai-figures/2026/figure-elon-musk-xai-company-financial-breakdown-2026-05-26",
    "why": "聚合站转述 Bloomberg/Sacra，未打开原文"
   },
   {
    "raw": "$100 billion-plus ARR target by December 2026 (CFO)",
    "src": "https://valueaddvc.com/blog/xai-revenue-how-grok-and-the-api-actually-make-money",
    "why": "目标值且来源是聚合站"
   }
  ],
  "note": "Grok 大模型公司，2026-02 并入 SpaceX，7 月品牌改为 SpaceXAI，已不单独披露 ARR。上面是 S-1 的 AI 分部年营收（含 X 广告/订阅），不是纯 AI ARR。SpaceX 于 2026-06 上市，并在 2026-08-14 完成对 Cursor 收购。估值 $230B 为合并前聚合站数字，未核原文。",
  "funding": [
   {
    "date": "2024-05",
    "round": "B 轮",
    "amount": "$6B",
    "lead": "未披露",
    "post": "未披露",
    "src": "https://seedtable.com/companies/xai/funding-rounds"
   },
   {
    "date": "2024-12",
    "round": "C 轮",
    "amount": "$6B",
    "lead": "未披露（参与：a16z、Sequoia、Fidelity、Prince Alwaleed）",
    "post": "未披露",
    "src": "https://valueaddvc.com/xai-valuation"
   },
   {
    "date": "2025-07",
    "round": "战略投资（与 $5B 债务同期）",
    "amount": "约 $5B 股权（multiples 记 $5.3B）",
    "lead": "SpaceX（Launchbay Capital、Natural Capital 参与）",
    "post": "未披露",
    "src": "https://multiples.vc/private-comps/xai#1"
   },
   {
    "date": "2026-01",
    "round": "E 轮",
    "amount": "$20B",
    "lead": "未披露（投资方含 Valor、Fidelity、QIA、MGX；Nvidia、Cisco 战略参与）",
    "post": "投后约 $230B",
    "src": "https://www.teahose.com/guides/xai-valuation"
   },
   {
    "date": "2026-02",
    "round": "被收购",
    "amount": "全股票（1 股 xAI 换 0.1433 股 SpaceX），xAI 作价 $250B",
    "lead": "SpaceX",
    "post": "未披露",
    "src": "https://www.teahose.com/guides/xai-valuation"
   }
  ],
  "total": "未披露（第三方口径不一：约 $26.7B 与 $42B）"
 },
 {
  "n": "Mercor",
  "co": "Mercor, Inc.",
  "url": "https://mercor.com",
  "logo": "logos/mercor.png",
  "logoDark": false,
  "tags": [
   "数据"
  ],
  "hq": "旧金山",
  "country": "美国",
  "region": "北美",
  "founded": 2023,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [
   {
    "v": 323.5,
    "d": "2025-09",
    "kind": "run rate (gross)",
    "raw": "scaling from US$647.1K to US$323.5M run rate in 17 months",
    "who": "创始人",
    "src": "https://dealroom.co/news/137121-mercor-doubles-to-2b-gross-revenue-run-rate-as-ai-labs-buy-expert-data/",
    "srcName": "Dealroom News（转述 CEO Foody 2025-09 所述）",
    "kindShort": "年化"
   },
   {
    "v": 1000.0,
    "d": "2026-04",
    "kind": "annualized revenue run rate",
    "raw": "annualized revenue run rate crossed $1 billion, or $83.3 million in monthly revenue",
    "who": "媒体·Forbes",
    "src": "https://www.forbes.com/sites/rashishrivastava/2026/04/15/mercors-23-year-old-billionaire-founders-grapple-with-employee-fraud-and-north-korean-infiltration/",
    "srcName": "Forbes（据知情人士；d 为文章日，原文称「今年早些时候」）",
    "kindShort": "年化"
   },
   {
    "v": 2000.0,
    "d": "2026-06",
    "kind": "annualized revenue run rate (gross)",
    "raw": "annualized revenue run rate crossed $2 billion",
    "who": "创始人",
    "src": "https://finance.yahoo.com/technology/ai/articles/mercor-talks-20b-valuation-184222662.html",
    "srcName": "Yahoo Finance（CEO Brendan Foody 在 X 上所述）",
    "kindShort": "年化"
   }
  ],
  "series": [
   {
    "v": 323.5,
    "d": "2025-09",
    "kind": "run rate (gross)",
    "raw": "scaling from US$647.1K to US$323.5M run rate in 17 months",
    "who": "创始人",
    "src": "https://dealroom.co/news/137121-mercor-doubles-to-2b-gross-revenue-run-rate-as-ai-labs-buy-expert-data/",
    "srcName": "Dealroom News（转述 CEO Foody 2025-09 所述）",
    "kindShort": "年化"
   },
   {
    "v": 1000.0,
    "d": "2026-04",
    "kind": "annualized revenue run rate",
    "raw": "annualized revenue run rate crossed $1 billion, or $83.3 million in monthly revenue",
    "who": "媒体·Forbes",
    "src": "https://www.forbes.com/sites/rashishrivastava/2026/04/15/mercors-23-year-old-billionaire-founders-grapple-with-employee-fraud-and-north-korean-infiltration/",
    "srcName": "Forbes（据知情人士；d 为文章日，原文称「今年早些时候」）",
    "kindShort": "年化"
   },
   {
    "v": 2000.0,
    "d": "2026-06",
    "kind": "annualized revenue run rate (gross)",
    "raw": "annualized revenue run rate crossed $2 billion",
    "who": "创始人",
    "src": "https://finance.yahoo.com/technology/ai/articles/mercor-talks-20b-valuation-184222662.html",
    "srcName": "Yahoo Finance（CEO Brendan Foody 在 X 上所述）",
    "kindShort": "年化"
   }
  ],
  "latest": {
   "v": 2000.0,
   "d": "2026-06",
   "kind": "annualized revenue run rate (gross)",
   "raw": "annualized revenue run rate crossed $2 billion",
   "who": "创始人",
   "src": "https://finance.yahoo.com/technology/ai/articles/mercor-talks-20b-valuation-184222662.html",
   "srcName": "Yahoo Finance（CEO Brendan Foody 在 X 上所述）",
   "kindShort": "年化"
  },
  "tier": "t1b",
  "val": {
   "v": 20000.0,
   "d": "2026-07",
   "kind": "洽谈中估值（Bloomberg）",
   "src": "https://finance.yahoo.com/technology/ai/articles/mercor-talks-20b-valuation-184222662.html"
  },
  "pending": [
   {
    "raw": "2025-09 创始人称 run rate 从 $1M 到 $5 亿（Dealroom）/ 另一报道称 $3.235 亿",
    "src": "https://dealroom.co/news/137121-mercor-doubles-to-2b-gross-revenue-run-rate-as-ai-labs-buy-expert-data/",
    "why": "两处转述数字互相矛盾，没找到创始人原话"
   }
  ],
  "note": "AI 训练数据 / 专家用工市场。口径是 gross（总流水），约 60-70% 付给专家，净收入约 $6-8 亿（Dealroom 转述）。",
  "funding": [
   {
    "date": "2023",
    "round": "种子轮",
    "amount": "$3.6M",
    "lead": "General Catalyst",
    "post": "",
    "src": "https://techcrunch.com/2025/02/20/mercor-an-ai-recruiting-startup-founded-by-21-year-olds-raises-100m-at-2b-valuation/"
   },
   {
    "date": "2024",
    "round": "A 轮",
    "amount": "$32M",
    "lead": "Benchmark",
    "post": "投后 $250M",
    "src": "https://techcrunch.com/2025/02/20/mercor-an-ai-recruiting-startup-founded-by-21-year-olds-raises-100m-at-2b-valuation/"
   },
   {
    "date": "2025-02",
    "round": "B 轮",
    "amount": "$100M",
    "lead": "Felicis（General Catalyst、DST、Benchmark、Menlo 跟投）",
    "post": "投后 $2B",
    "src": "https://techcrunch.com/2025/02/20/mercor-an-ai-recruiting-startup-founded-by-21-year-olds-raises-100m-at-2b-valuation/"
   },
   {
    "date": "2025-10",
    "round": "C 轮",
    "amount": "$350M",
    "lead": "Felicis（Benchmark、General Catalyst、Robinhood Ventures 跟投）",
    "post": "投后 $10B",
    "src": "https://techcrunch.com/2025/10/27/mercor-quintuples-valuation-to-10b-with-350m-series-c/"
   }
  ],
  "total": "累计约 $485.6M（按上面各轮相加）"
 },
 {
  "n": "智谱 Z.ai",
  "co": "北京智谱华章科技股份有限公司",
  "url": "https://z.ai",
  "logo": "logos/zai.png",
  "logoDark": false,
  "tags": [
   "大模型"
  ],
  "hq": "北京",
  "country": "中国",
  "region": "中国",
  "founded": 2019,
  "status": "public",
  "owner": "",
  "ref": false,
  "pts": [
   {
    "v": 1000.0,
    "d": "2026-07",
    "kind": "ARR",
    "raw": "已提前於2026年7月達到ARR 10億美元",
    "who": "媒体·华泰证券研报",
    "src": "https://news.futunn.com/hk/post/78674101/zhipu-2513-hk-arr-is-expected-to-reach-us-2",
    "srcName": "富途牛牛转载华泰证券（引公司披露）",
    "kindShort": "ARR"
   },
   {
    "v": 1600.0,
    "d": "2026-08",
    "kind": "ARR (8月单月收入×12)",
    "raw": "截至 2026 年 8 月末，ARR 达 16 亿美元，口径为月度年化",
    "who": "官宣",
    "src": "https://eu.36kr.com/zh/p/3965672274042370",
    "srcName": "36氪/海豚投研（2026 中期业绩电话会纪要）",
    "kindShort": "ARR"
   }
  ],
  "series": [
   {
    "v": 1000.0,
    "d": "2026-07",
    "kind": "ARR",
    "raw": "已提前於2026年7月達到ARR 10億美元",
    "who": "媒体·华泰证券研报",
    "src": "https://news.futunn.com/hk/post/78674101/zhipu-2513-hk-arr-is-expected-to-reach-us-2",
    "srcName": "富途牛牛转载华泰证券（引公司披露）",
    "kindShort": "ARR"
   },
   {
    "v": 1600.0,
    "d": "2026-08",
    "kind": "ARR (8月单月收入×12)",
    "raw": "截至 2026 年 8 月末，ARR 达 16 亿美元，口径为月度年化",
    "who": "官宣",
    "src": "https://eu.36kr.com/zh/p/3965672274042370",
    "srcName": "36氪/海豚投研（2026 中期业绩电话会纪要）",
    "kindShort": "ARR"
   }
  ],
  "latest": {
   "v": 1600.0,
   "d": "2026-08",
   "kind": "ARR (8月单月收入×12)",
   "raw": "截至 2026 年 8 月末，ARR 达 16 亿美元，口径为月度年化",
   "who": "官宣",
   "src": "https://eu.36kr.com/zh/p/3965672274042370",
   "srcName": "36氪/海豚投研（2026 中期业绩电话会纪要）",
   "kindShort": "ARR"
  },
  "tier": "public",
  "val": null,
  "pending": [],
  "note": "港股上市（02513.HK）。管理层同时给出周度×52 口径超 20 亿美元、年底指引 24 亿美元（均不计入）。H1 2026 收入 9.54 亿元人民币。",
  "funding": [
   {
    "date": "2019-06",
    "round": "创始/种子",
    "amount": "4000万元（中科创星）",
    "lead": "中科创星",
    "post": "投后 3.75亿元",
    "src": "https://stcn.com/article/detail/3577855.html"
   },
   {
    "date": "2021-04",
    "round": "天使轮",
    "amount": "价值2037万元的知识产权出资",
    "lead": "北京智源研究院（旗下创新智源）",
    "post": "未披露",
    "src": "https://stcn.com/article/detail/3577855.html"
   },
   {
    "date": "2021-04",
    "round": "A 轮",
    "amount": "1.52亿元",
    "lead": "达晨财智（华控基金、将门创投等参与）",
    "post": "投后 8.5亿元",
    "src": "https://m.cnstock.com/commonDetail/611943"
   },
   {
    "date": "2021-12",
    "round": "B1 轮",
    "amount": "合计近2.1亿元",
    "lead": "君联资本、启明创投",
    "post": "未披露",
    "src": "https://stcn.com/article/detail/3577855.html"
   },
   {
    "date": "2025-07",
    "round": "战略融资",
    "amount": "10亿元",
    "lead": "浦东创投集团、张江集团",
    "post": "未披露",
    "src": "https://vc.pedaily.cn/stock/193196.html"
   },
   {
    "date": "2026-01",
    "round": "IPO",
    "amount": "全球发售净筹约 41.73亿港元（发行价 116.2 港元/股，基石 29.8 亿港元）",
    "lead": "港交所主板上市，11 家基石投资者（含泰康人寿、高毅、广发基金等）",
    "post": "发行市值约 511亿港元",
    "src": "https://stcn.com/article/detail/3580246.html"
   }
  ],
  "total": "IPO 前累计超 83亿元（8 轮，据证券时报）；本表仅列出查到的轮次"
 },
 {
  "n": "Tempus AI",
  "co": "Tempus AI, Inc.",
  "url": "https://www.tempus.com",
  "logo": "logos/tempusai.png",
  "logoDark": false,
  "tags": [
   "医疗"
  ],
  "hq": "芝加哥",
  "country": "美国",
  "region": "北美",
  "founded": 2015,
  "status": "public",
  "owner": "",
  "ref": false,
  "pts": [
   {
    "v": 1270.0,
    "d": "2025-12",
    "kind": "年营收（2025 全年，初步未审计，约数）",
    "raw": "Revenue of ~$1.27 billion, representing ~83% growth year-over-year",
    "who": "官宣",
    "src": "https://investors.tempus.com/news-releases/news-release-details/tempus-announces-preliminary-fourth-quarter-and-full-year-2025",
    "srcName": "Tempus 投资者关系（初步业绩）",
    "kindShort": "营收"
   }
  ],
  "series": [
   {
    "v": 1270.0,
    "d": "2025-12",
    "kind": "年营收（2025 全年，初步未审计，约数）",
    "raw": "Revenue of ~$1.27 billion, representing ~83% growth year-over-year",
    "who": "官宣",
    "src": "https://investors.tempus.com/news-releases/news-release-details/tempus-announces-preliminary-fourth-quarter-and-full-year-2025",
    "srcName": "Tempus 投资者关系（初步业绩）",
    "kindShort": "营收"
   }
  ],
  "latest": {
   "v": 1270.0,
   "d": "2025-12",
   "kind": "年营收（2025 全年，初步未审计，约数）",
   "raw": "Revenue of ~$1.27 billion, representing ~83% growth year-over-year",
   "who": "官宣",
   "src": "https://investors.tempus.com/news-releases/news-release-details/tempus-announces-preliminary-fourth-quarter-and-full-year-2025",
   "srcName": "Tempus 投资者关系（初步业绩）",
   "kindShort": "营收"
  },
  "tier": "public",
  "val": null,
  "pending": [],
  "note": "AI 驱动的精准医疗：基因检测加数据授权；含收购 Ambry 的并表收入（有机增长约 30%）。2026 Q2 单季营收 $3.825 亿（Nasdaq/Zacks 报道）。是否算「AI 原生」可再议。",
  "funding": [
   {
    "date": "2018-08",
    "round": "私募",
    "amount": "$110M",
    "lead": "未披露（Baillie Gifford、Revolution Growth、NEA、T. Rowe Price 参与）",
    "post": "约 $2B（Global Venturing 推出）",
    "src": "https://globalventuring.com/blog/2020/03/17/tempus-100m-series-g-round/"
   },
   {
    "date": "2019-05",
    "round": "F 轮",
    "amount": "$200M",
    "lead": "未披露（Baillie Gifford、Novo Holdings、Franklin Templeton、Revolution Growth 参与）",
    "post": "投后 $3.1B",
    "src": "https://globalventuring.com/blog/2020/03/17/tempus-100m-series-g-round/"
   },
   {
    "date": "2020-03",
    "round": "G 轮",
    "amount": "$100M",
    "lead": "未披露（Novo、Baillie Gifford、Franklin Templeton、NEA、T. Rowe Price 参与）",
    "post": "投后 $5B",
    "src": "https://globalventuring.com/blog/2020/03/17/tempus-100m-series-g-round/"
   },
   {
    "date": "2020-12",
    "round": "G 轮追加",
    "amount": "$200M",
    "lead": "未披露（Google 首次入股）",
    "post": "投后 $8.1B（Tracxn）",
    "src": "https://tracxn.com/d/companies/tempus/__EnTYsERgYbed8UdZjESW713OfqhSXwkYv85lPgCdPL4/funding-and-investors#funding-rounds#1"
   },
   {
    "date": "2024-06",
    "round": "IPO",
    "amount": "$410.7M（$37/股，纳斯达克 TEM）",
    "lead": "IPO",
    "post": "约 $61亿 市值",
    "src": "https://www.axios.com/2024/06/14/ex-groupon-ceo-ipo-precision-medicine-tempus-ai"
   }
  ],
  "total": "未披露（第三方称上市前私募累计超 $13亿）"
 },
 {
  "n": "Surge AI",
  "co": "Surge Labs",
  "url": "https://surgehq.ai",
  "logo": "logos/surgeai.png",
  "logoDark": false,
  "tags": [
   "数据",
   "AI Infra"
  ],
  "hq": "旧金山",
  "country": "美国",
  "region": "北美",
  "founded": 2020,
  "status": "private",
  "owner": "",
  "ref": true,
  "pts": [
   {
    "v": 1000.0,
    "d": "2024-12",
    "kind": "年营收",
    "raw": "raked in over $1 billion in revenue last year",
    "who": "媒体·Reuters",
    "src": "https://www.investing.com/news/stock-market-news/exclusivescale-ais-bigger-rival-surge-ai-seeks-up-to-1-billion-capital-raise-sources-say-4119718",
    "srcName": "Reuters（经 Investing.com）；公司发言人对 Inc. 称 2024 全年营收 \"well north of $1 billion\"",
    "kindShort": "营收"
   }
  ],
  "series": [
   {
    "v": 1000.0,
    "d": "2024-12",
    "kind": "年营收",
    "raw": "raked in over $1 billion in revenue last year",
    "who": "媒体·Reuters",
    "src": "https://www.investing.com/news/stock-market-news/exclusivescale-ais-bigger-rival-surge-ai-seeks-up-to-1-billion-capital-raise-sources-say-4119718",
    "srcName": "Reuters（经 Investing.com）；公司发言人对 Inc. 称 2024 全年营收 \"well north of $1 billion\"",
    "kindShort": "营收"
   }
  ],
  "latest": {
   "v": 1000.0,
   "d": "2024-12",
   "kind": "年营收",
   "raw": "raked in over $1 billion in revenue last year",
   "who": "媒体·Reuters",
   "src": "https://www.investing.com/news/stock-market-news/exclusivescale-ais-bigger-rival-surge-ai-seeks-up-to-1-billion-capital-raise-sources-say-4119718",
   "srcName": "Reuters（经 Investing.com）；公司发言人对 Inc. 称 2024 全年营收 \"well north of $1 billion\"",
   "kindShort": "营收"
  },
  "tier": "t1b",
  "val": null,
  "pending": [
   {
    "raw": "annualized revenue ~ $1.4B (Aug 2025, Sacra)",
    "src": "https://aiwiki.ai/wiki/surge_ai",
    "why": "转引 Sacra 的 wiki 站，未打开 Sacra 原页"
   },
   {
    "raw": "年化约 30 亿美元（2026-08）",
    "src": "http://mp.weixin.qq.com/s?__biz=MjM5NDQ5NjI0MQ==&mid=2247484308&idx=1&sn=ac036bffc2471cec50c6637e2ce411f0",
    "why": "只有微信公众号来源"
   },
   {
    "raw": "Forbes: 2024 revenue approximately $1.2 billion",
    "src": "https://aiwiki.ai/wiki/surge_ai",
    "why": "转引，未开 Forbes 原文"
   }
  ],
  "note": "数据标注 / RLHF 训练数据公司，创始人 Edwin Chen，自筹资金、盈利、不对外披露 ARR。正式可核的只有 2024 年营收 $10 亿以上（Reuters / The Information）；2025-07 起传融资（目标估值 $15B 到 $25B），至 2026 年中 Forbes 仍称未获外部融资。",
  "funding": [],
  "total": "未披露"
 },
 {
  "n": "Fireworks AI",
  "co": "Fireworks AI",
  "url": "https://fireworks.ai",
  "logo": "logos/fireworksai.png",
  "logoDark": false,
  "tags": [
   "AI Infra"
  ],
  "hq": "红木城",
  "country": "美国",
  "region": "北美",
  "founded": 2022,
  "status": "private",
  "owner": "",
  "ref": true,
  "pts": [
   {
    "v": 800.0,
    "d": "2026-05",
    "kind": "annualized run rate",
    "raw": "We just crossed $800M in annualized run rate",
    "who": "官宣",
    "src": "https://www.linkedin.com/posts/we-just-crossed-800m-in-annualized-run-rate-share-7465408065060835328-Z_Zb/",
    "srcName": "Fireworks AI 官方 LinkedIn",
    "kindShort": "年化"
   },
   {
    "v": 1000.0,
    "d": "2026-07",
    "kind": "annualized revenue run rate",
    "raw": "surpassed $1 billion in annualized revenue run rate, a fivefold increase year-over-year",
    "who": "官宣",
    "src": "https://insight.tmcnet.com/insight/fireworks-secures-series-d-funding-to-scale-global-ai-inference-infrastructure-mron1ycx",
    "srcName": "TMCnet（转述 D 轮公告 2026-07-16）",
    "kindShort": "年化"
   }
  ],
  "series": [
   {
    "v": 800.0,
    "d": "2026-05",
    "kind": "annualized run rate",
    "raw": "We just crossed $800M in annualized run rate",
    "who": "官宣",
    "src": "https://www.linkedin.com/posts/we-just-crossed-800m-in-annualized-run-rate-share-7465408065060835328-Z_Zb/",
    "srcName": "Fireworks AI 官方 LinkedIn",
    "kindShort": "年化"
   },
   {
    "v": 1000.0,
    "d": "2026-07",
    "kind": "annualized revenue run rate",
    "raw": "surpassed $1 billion in annualized revenue run rate, a fivefold increase year-over-year",
    "who": "官宣",
    "src": "https://insight.tmcnet.com/insight/fireworks-secures-series-d-funding-to-scale-global-ai-inference-infrastructure-mron1ycx",
    "srcName": "TMCnet（转述 D 轮公告 2026-07-16）",
    "kindShort": "年化"
   }
  ],
  "latest": {
   "v": 1000.0,
   "d": "2026-07",
   "kind": "annualized revenue run rate",
   "raw": "surpassed $1 billion in annualized revenue run rate, a fivefold increase year-over-year",
   "who": "官宣",
   "src": "https://insight.tmcnet.com/insight/fireworks-secures-series-d-funding-to-scale-global-ai-inference-infrastructure-mron1ycx",
   "srcName": "TMCnet（转述 D 轮公告 2026-07-16）",
   "kindShort": "年化"
  },
  "tier": "t1b",
  "val": {
   "v": 17500.0,
   "d": "2026-07",
   "kind": "D 轮（$1.505B）",
   "src": "https://insight.tmcnet.com/insight/fireworks-secures-series-d-funding-to-scale-global-ai-inference-infrastructure-mron1ycx"
  },
  "pending": [
   {
    "raw": "Sacra: 2026-02 年化收入 $315M；2025 年底约 $305M",
    "src": "https://www.c114.net.cn/industry/85351.html",
    "why": "中文媒体转述 Sacra，未开 Sacra 原页"
   },
   {
    "raw": "洽谈 $30B–$40B 估值（Business Insider）",
    "src": "https://techfundingnews.com/nvidia-backed-fireworks-ai-eyes-30b-to-40b-valuation-roughly-double-its-july-price/",
    "why": "洽谈中；Fireworks 尚未发布高于 $1B 的新数字"
   }
  ],
  "note": "开源模型推理与定制平台（Cursor、Harvey 在上面训练专用模型）。日 token 量 15 万亿到 40 万亿以上。",
  "funding": [
   {
    "date": "2024-03",
    "round": "A 轮",
    "amount": "$25M",
    "lead": "Benchmark（Sequoia、Databricks Ventures 等跟投）",
    "post": "估值 $126.5M（第三方）",
    "src": "https://profiles.crustdata.com/company/fireworks-ai"
   },
   {
    "date": "2024-07",
    "round": "B 轮",
    "amount": "$52M",
    "lead": "Sequoia Capital（NVIDIA、AMD、MongoDB Ventures 跟投）",
    "post": "估值 $552M",
    "src": "https://fireworks.ai/blog/fireworks-ai-series-b-compound-ai"
   },
   {
    "date": "2025-10",
    "round": "C 轮",
    "amount": "$250M（含约 $20M 二级）",
    "lead": "Lightspeed、Index Ventures、Evantic 共同领投（Sequoia 继续参与）",
    "post": "估值 $4B",
    "src": "https://fireworks.ai/blog/series-c"
   },
   {
    "date": "2026-07",
    "round": "D 轮",
    "amount": "$1.5B",
    "lead": "Atreides Management、Index Ventures、TCV 共同领投（Nvidia、Lightspeed、Bessemer、Menlo 参与）",
    "post": "估值 $17.5B",
    "src": "https://africa.businessinsider.com/news/infrastructure-startup-fireworks-ai-is-in-early-talks-for-new-funding-at-a-valuation/zngqkjg"
   }
  ],
  "total": "约 $1.83B（第三方 SetterVC 汇总，含 D 轮）"
 },
 {
  "n": "Cognition",
  "co": "Cognition AI（Devin / Windsurf）",
  "url": "https://cognition.ai",
  "logo": "logos/cognition.png",
  "logoDark": false,
  "tags": [
   "AI 编程"
  ],
  "hq": "旧金山/纽约",
  "country": "美国",
  "region": "北美",
  "founded": 2023,
  "status": "private",
  "owner": "",
  "ref": true,
  "pts": [
   {
    "v": 73.0,
    "d": "2025-06",
    "kind": "ARR",
    "raw": "annual recurring revenue from $1 million in September 2024 to $73 million by June 2025, according to VentureBeat",
    "who": "媒体·VentureBeat",
    "src": "https://techfundingnews.com/cognition-ai-25b-valuation-funding-talks-devin-software-engineer/",
    "srcName": "Tech Funding News 转引 VentureBeat",
    "kindShort": "ARR"
   },
   {
    "v": 492.0,
    "d": "2026-05",
    "kind": "run-rate revenue",
    "raw": "That round reported run-rate revenue of $492m",
    "who": "媒体·The Next Web",
    "src": "https://thenextweb.com/news/cognition-series-e-48bn-flat-multiple",
    "srcName": "The Next Web（该数字为 2026-05-27 融资公告披露）",
    "kindShort": "年化"
   },
   {
    "v": 900.0,
    "d": "2026-09",
    "kind": "run-rate revenue",
    "raw": "Run-rate revenue went from $492m to almost $900m",
    "who": "媒体·The Next Web",
    "src": "https://thenextweb.com/news/cognition-series-e-48bn-flat-multiple",
    "srcName": "The Next Web（E 轮 2026-09-07；原文 \"almost\"，900 为近似上限）",
    "kindShort": "年化"
   },
   {
    "v": 1000.0,
    "d": "2026-09",
    "kind": "annualized revenue",
    "raw": "on track to generate annualized revenue of $1 billion based on its performance this month",
    "who": "媒体·Bloomberg",
    "src": "https://www.bloomberg.com/news/articles/2026-09-25/ai-coding-startup-cognition-hits-1-billion-in-annualized-revenue",
    "srcName": "Bloomberg（据知情人士；二手稿称公司博客同日宣布已超 $1B）",
    "kindShort": "年化"
   }
  ],
  "series": [
   {
    "v": 73.0,
    "d": "2025-06",
    "kind": "ARR",
    "raw": "annual recurring revenue from $1 million in September 2024 to $73 million by June 2025, according to VentureBeat",
    "who": "媒体·VentureBeat",
    "src": "https://techfundingnews.com/cognition-ai-25b-valuation-funding-talks-devin-software-engineer/",
    "srcName": "Tech Funding News 转引 VentureBeat",
    "kindShort": "ARR"
   },
   {
    "v": 492.0,
    "d": "2026-05",
    "kind": "run-rate revenue",
    "raw": "That round reported run-rate revenue of $492m",
    "who": "媒体·The Next Web",
    "src": "https://thenextweb.com/news/cognition-series-e-48bn-flat-multiple",
    "srcName": "The Next Web（该数字为 2026-05-27 融资公告披露）",
    "kindShort": "年化"
   },
   {
    "v": 1000.0,
    "d": "2026-09",
    "kind": "annualized revenue",
    "raw": "on track to generate annualized revenue of $1 billion based on its performance this month",
    "who": "媒体·Bloomberg",
    "src": "https://www.bloomberg.com/news/articles/2026-09-25/ai-coding-startup-cognition-hits-1-billion-in-annualized-revenue",
    "srcName": "Bloomberg（据知情人士；二手稿称公司博客同日宣布已超 $1B）",
    "kindShort": "年化"
   }
  ],
  "latest": {
   "v": 1000.0,
   "d": "2026-09",
   "kind": "annualized revenue",
   "raw": "on track to generate annualized revenue of $1 billion based on its performance this month",
   "who": "媒体·Bloomberg",
   "src": "https://www.bloomberg.com/news/articles/2026-09-25/ai-coding-startup-cognition-hits-1-billion-in-annualized-revenue",
   "srcName": "Bloomberg（据知情人士；二手稿称公司博客同日宣布已超 $1B）",
   "kindShort": "年化"
  },
  "tier": "t1b",
  "val": {
   "v": 48000.0,
   "d": "2026-09",
   "kind": "E 轮（$2B+）",
   "src": "https://thenextweb.com/news/cognition-series-e-48bn-flat-multiple"
  },
  "pending": [
   {
    "raw": "annualized revenue run rate is now approaching $1 billion (Aug 2026, talks at $40B)",
    "src": "https://www.bloomberg.com/news/articles/2026-08-12/ai-startup-cognition-in-new-funding-talks-at-40-billion-value",
    "why": "洽谈阶段知情人说法，已被 9 月 E 轮数字取代"
   },
   {
    "raw": "ARR 2025-05 $37M；2025-06 $73M；2024-09 $1M",
    "src": "https://eu.36kr.com/en/p/3828479536009864",
    "why": "只有 36Kr / 投资界等二手转述，未见原文"
   }
  ],
  "note": "Devin 自主软件工程智能体，收购了 Windsurf 剩余资产。8 月 Bloomberg 称近 $10 亿，9 月公司公告为接近 $9 亿；两者口径不一致，取公司公告期数字。",
  "funding": [
   {
    "date": "2024-03",
    "round": "A 轮",
    "amount": "$21M",
    "lead": "Founders Fund",
    "post": "约 $3.5亿",
    "src": "https://browse.library.kiwix.org/content/wikipedia_en_all_maxi/Cognition_AI#1"
   },
   {
    "date": "2024-04",
    "round": "A+ 轮",
    "amount": "$175M",
    "lead": "Founders Fund（百度百科称 Khosla Ventures 联合领投）",
    "post": "约 $20亿",
    "src": "https://browse.library.kiwix.org/content/wikipedia_en_all_maxi/Cognition_AI#1"
   },
   {
    "date": "2024-10",
    "round": "B 轮",
    "amount": "$500M（第三方口径）",
    "lead": "未披露（参与：Nvidia、eBay）",
    "post": "约 $30亿（第三方）",
    "src": "https://agentmarketcap.ai/blog/2026/04/25/cognition-ai-25b-valuation-devin-coding-agent-fastest-valuation-ramp"
   },
   {
    "date": "2025-03",
    "round": "B 轮（追加）",
    "amount": "未披露",
    "lead": "8VC",
    "post": "约 $40亿（第三方）",
    "src": "https://browse.library.kiwix.org/content/wikipedia_en_all_maxi/Cognition_AI#1"
   },
   {
    "date": "2025-09",
    "round": "融资",
    "amount": "超 $4亿",
    "lead": "Founders Fund（Lux、8VC、Neo、Elad Gil、Definition、Swish 及新投资方 Bain Capital Ventures、D1 等跟投）",
    "post": "投后 $10.2B",
    "src": "https://cognition.com/blog/funding-growth-and-the-next-frontier-of-ai-coding-agents"
   },
   {
    "date": "2026-05",
    "round": "融资",
    "amount": "超 $10亿",
    "lead": "Lux Capital、General Catalyst、8VC（Founders Fund、Elad Gil、Ribbit 等跟投）",
    "post": "投前 $25B / 投后 $26B",
    "src": "https://techcrunch.com/2026/05/27/ai-coding-startup-cognition-raises-1b-at-25b-pre-money-valuation/"
   },
   {
    "date": "2026-09",
    "round": "E 轮",
    "amount": "超 $20亿",
    "lead": "a16z、Accel、Founders Fund、General Catalyst、Avenir（Benchmark、Bessemer、Kleiner、Greylock、Lightspeed 等跟投）",
    "post": "$48B",
    "src": "https://www.siliconrepublic.com/start-ups/devin-maker-cognition-raises-2bn-at-48bn-valuation"
   }
  ],
  "total": "未披露（Tracxn 称截至 2026 年早些时候 $4.1B）"
 },
 {
  "n": "Higgsfield",
  "co": "Higgsfield Inc.",
  "url": "https://higgsfield.ai",
  "logo": "logos/higgsfield.png",
  "logoDark": false,
  "tags": [
   "视频生成"
  ],
  "hq": "旧金山",
  "country": "美国",
  "region": "北美",
  "founded": null,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [
   {
    "v": 1000.0,
    "d": "2026-09",
    "kind": "annualized revenue run rate (近4周×13)",
    "raw": "crossed $1 billion in annualized revenue run rate, 18 months after launching",
    "who": "官宣",
    "src": "https://higgsfield.ai/blog/higgsfield-1b-annualized-revenue-run-rate",
    "srcName": "Higgsfield 官方博客；Bloomberg 同日报道",
    "kindShort": "年化"
   }
  ],
  "series": [
   {
    "v": 1000.0,
    "d": "2026-09",
    "kind": "annualized revenue run rate (近4周×13)",
    "raw": "crossed $1 billion in annualized revenue run rate, 18 months after launching",
    "who": "官宣",
    "src": "https://higgsfield.ai/blog/higgsfield-1b-annualized-revenue-run-rate",
    "srcName": "Higgsfield 官方博客；Bloomberg 同日报道",
    "kindShort": "年化"
   }
  ],
  "latest": {
   "v": 1000.0,
   "d": "2026-09",
   "kind": "annualized revenue run rate (近4周×13)",
   "raw": "crossed $1 billion in annualized revenue run rate, 18 months after launching",
   "who": "官宣",
   "src": "https://higgsfield.ai/blog/higgsfield-1b-annualized-revenue-run-rate",
   "srcName": "Higgsfield 官方博客；Bloomberg 同日报道",
   "kindShort": "年化"
  },
  "tier": "t1b",
  "val": {
   "v": 5400.0,
   "d": "2026-08",
   "kind": "B 轮投后",
   "src": "https://higgsfield.ai/blog/higgsfield-1b-annualized-revenue-run-rate"
  },
  "pending": [],
  "note": "AI 视频创作套件，公司口径：最近 4 周收入×13，约一半收入来自 B2B。",
  "funding": [
   {
    "date": "2025",
    "round": "A 轮",
    "amount": "$50M",
    "lead": "GFT Ventures",
    "post": "未披露",
    "src": "https://www.eweek.com/news/ai-video-startup-higgsfield-valuation/"
   },
   {
    "date": "2026-01",
    "round": "A 轮追加",
    "amount": "$80M（A 轮累计超 $130M）",
    "lead": "未披露（Accel、AI Capital Partners、Menlo Ventures、GFT 参投）",
    "post": "估值超 $1.3B",
    "src": "https://economictimes.indiatimes.com/tech/funding/ai-video-startup-higgsfield-hits-1-3-billion-valuation-with-80-million-funding/articleshow/126546764.cms"
   },
   {
    "date": "2026-08",
    "round": "新一轮（未命名）",
    "amount": "$400M",
    "lead": "Goldman Sachs、DST Global、Liberty Global、Intel",
    "post": "投后 $5.4B",
    "src": "https://techfundingnews.com/higgsfield-raises-400m-from-goldman-sachs-dst-global-at-5-4b-valuation/"
   }
  ],
  "total": "未披露（2023–24 种子轮合计约 $16.5M 的报道未核实各轮，未计入）"
 },
 {
  "n": "Moonshot (Kimi)",
  "co": "月之暗面",
  "url": "https://www.kimi.com",
  "logo": "logos/moonshotkimi.png",
  "logoDark": false,
  "tags": [
   "大模型"
  ],
  "hq": "北京",
  "country": "中国",
  "region": "中国",
  "founded": 2023,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [
   {
    "v": 100.0,
    "d": "2026-03",
    "kind": "ARR",
    "raw": "今年3月ARR突破1亿美元",
    "who": "媒体·上海证券报",
    "src": "https://www.cnstock.com/commonDetail/736367",
    "srcName": "上海证券报（据相关人士）",
    "kindShort": "ARR"
   },
   {
    "v": 200.0,
    "d": "2026-05",
    "kind": "ARR",
    "raw": "5月突破2亿美元",
    "who": "媒体·上海证券报",
    "src": "https://www.cnstock.com/commonDetail/736367",
    "srcName": "上海证券报（据相关人士）",
    "kindShort": "ARR"
   },
   {
    "v": 300.0,
    "d": "2026-06",
    "kind": "ARR",
    "raw": "截至6月中旬，月之暗面ARR突破3亿美元",
    "who": "媒体·上海证券报",
    "src": "https://www.cnstock.com/commonDetail/736367",
    "srcName": "上海证券报（据相关人士）",
    "kindShort": "ARR"
   },
   {
    "v": 1000.0,
    "d": "2026-08",
    "kind": "ARR",
    "raw": "年間経常収益が8月に10億ドルを超えた",
    "who": "媒体·Bloomberg",
    "src": "https://www.bloomberg.com/jp/news/articles/2026-09-11/TL70OIVTTCZW00",
    "srcName": "Bloomberg（公司向投资人所述，据知情人士）",
    "kindShort": "ARR"
   }
  ],
  "series": [
   {
    "v": 100.0,
    "d": "2026-03",
    "kind": "ARR",
    "raw": "今年3月ARR突破1亿美元",
    "who": "媒体·上海证券报",
    "src": "https://www.cnstock.com/commonDetail/736367",
    "srcName": "上海证券报（据相关人士）",
    "kindShort": "ARR"
   },
   {
    "v": 200.0,
    "d": "2026-05",
    "kind": "ARR",
    "raw": "5月突破2亿美元",
    "who": "媒体·上海证券报",
    "src": "https://www.cnstock.com/commonDetail/736367",
    "srcName": "上海证券报（据相关人士）",
    "kindShort": "ARR"
   },
   {
    "v": 300.0,
    "d": "2026-06",
    "kind": "ARR",
    "raw": "截至6月中旬，月之暗面ARR突破3亿美元",
    "who": "媒体·上海证券报",
    "src": "https://www.cnstock.com/commonDetail/736367",
    "srcName": "上海证券报（据相关人士）",
    "kindShort": "ARR"
   },
   {
    "v": 1000.0,
    "d": "2026-08",
    "kind": "ARR",
    "raw": "年間経常収益が8月に10億ドルを超えた",
    "who": "媒体·Bloomberg",
    "src": "https://www.bloomberg.com/jp/news/articles/2026-09-11/TL70OIVTTCZW00",
    "srcName": "Bloomberg（公司向投资人所述，据知情人士）",
    "kindShort": "ARR"
   }
  ],
  "latest": {
   "v": 1000.0,
   "d": "2026-08",
   "kind": "ARR",
   "raw": "年間経常収益が8月に10億ドルを超えた",
   "who": "媒体·Bloomberg",
   "src": "https://www.bloomberg.com/jp/news/articles/2026-09-11/TL70OIVTTCZW00",
   "srcName": "Bloomberg（公司向投资人所述，据知情人士）",
   "kindShort": "ARR"
  },
  "tier": "t1b",
  "val": {
   "v": 31500.0,
   "d": "2026-06",
   "kind": "新一轮融资投前",
   "src": "https://www.cnstock.com/commonDetail/736367"
  },
  "pending": [],
  "note": "Kimi 大模型；API 占收入 7 成以上。内部年底目标 20 亿美元（预测，不计入）。",
  "funding": [
   {
    "date": "2023-06",
    "round": "天使轮",
    "amount": "约 $2亿",
    "lead": "红杉中国、真格基金、今日资本",
    "post": "投后约 $3亿",
    "src": "https://m.techweb.com.cn/marticle/2026-10-06/2979546.shtml"
   },
   {
    "date": "2023-07",
    "round": "A 轮",
    "amount": "未披露",
    "lead": "未披露（美团龙珠、襄禾资本、蓝驰创投等参与）",
    "post": "未披露",
    "src": "https://m.techweb.com.cn/marticle/2026-10-06/2979546.shtml"
   },
   {
    "date": "2024-02",
    "round": "A+ 轮",
    "amount": "超 $10亿",
    "lead": "阿里巴巴（红杉中国、小红书、美团等跟投）",
    "post": "投后约 $25亿",
    "src": "https://m.techweb.com.cn/marticle/2026-10-06/2979546.shtml"
   },
   {
    "date": "2024-08",
    "round": "B 轮",
    "amount": "超 $3亿",
    "lead": "腾讯（高榕创投、三七互娱等参投）",
    "post": "约 $30亿（媒体口径）",
    "src": "https://m.techweb.com.cn/marticle/2026-10-06/2979546.shtml"
   },
   {
    "date": "2025-12",
    "round": "C 轮",
    "amount": "$5亿",
    "lead": "IDG 资本（阿里、腾讯等老股东跟投）",
    "post": "约 $43亿",
    "src": "https://m.techweb.com.cn/marticle/2026-10-06/2979546.shtml"
   },
   {
    "date": "2026-02",
    "round": "C 轮后新一轮",
    "amount": "超 $7亿",
    "lead": "阿里、腾讯、五源、九安等老股东联合领投",
    "post": "估值突破 $100亿",
    "src": "https://www.stcn.com/article/detail/3645003.html"
   },
   {
    "date": "2026-05",
    "round": "D 轮",
    "amount": "约 $20亿",
    "lead": "美团龙珠（中国移动、水木资本、CPE 源峰等参投）",
    "post": "投后 $200亿",
    "src": "https://finance.eastmoney.com/a/202610163897535190.html"
   },
   {
    "date": "2026-06",
    "round": "E 轮",
    "amount": "未披露",
    "lead": "未披露（据报道投资方含临港前沿投资、华民投、IDG 资本等）",
    "post": "投前 $315亿",
    "src": "http://www.c114.net.cn/industry/105873.html"
   },
   {
    "date": "2026-07",
    "round": "F 轮",
    "amount": "超 $35亿",
    "lead": "未披露（媒体称国家级基金领投，未见具体名称）",
    "post": "投后 $350亿",
    "src": "https://stcn.com/article/detail/4050903.html"
   },
   {
    "date": "2026-10",
    "round": "Pre-IPO 轮",
    "amount": "未披露",
    "lead": "未披露",
    "post": "估值约 $500亿（彭博社援引知情人士）",
    "src": "https://m.techweb.com.cn/marticle/2026-10-06/2979546.shtml"
   }
  ],
  "total": "截至 2026-05 累计超 376亿元（《中国经营报》）；之后 F 轮 $35亿+ 另计"
 },
 {
  "n": "Handshake AI",
  "co": "Handshake",
  "url": "https://joinhandshake.com",
  "logo": "logos/handshakeai.png",
  "logoDark": false,
  "tags": [
   "数据"
  ],
  "hq": "旧金山",
  "country": "美国",
  "region": "北美",
  "founded": 2014,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [
   {
    "v": 550.0,
    "d": "2026-01",
    "kind": "AI 训练业务总收入年化",
    "raw": "up from $550M in January 2026",
    "who": "媒体·The Information",
    "src": "https://dealroom.co/news/127345-handshakes-arr-crosses-1b-as-ai-training-revenue-surges/",
    "srcName": "Dealroom（转述 The Information）",
    "kindShort": "年化"
   },
   {
    "v": 1000.0,
    "d": "2026-04",
    "kind": "AI 训练业务总收入年化（nearly $1B）",
    "raw": "gross annualised revenue from AI training has surged to nearly $1B",
    "who": "媒体·The Information",
    "src": "https://dealroom.co/news/127345-handshakes-arr-crosses-1b-as-ai-training-revenue-surges/",
    "srcName": "Dealroom（转述 The Information）",
    "kindShort": "年化"
   },
   {
    "v": 1000.0,
    "d": "2026-05",
    "kind": "run rate",
    "raw": "We've grown from $0 to ~$1B run rate",
    "who": "官宣",
    "src": "https://jobs.trueventures.com/companies/joinhandshake-com/jobs/78079186-entrepreneur-ceo-office",
    "srcName": "Handshake 招聘启事（True Ventures 职位板，2026-05-09）",
    "kindShort": "年化"
   }
  ],
  "series": [
   {
    "v": 550.0,
    "d": "2026-01",
    "kind": "AI 训练业务总收入年化",
    "raw": "up from $550M in January 2026",
    "who": "媒体·The Information",
    "src": "https://dealroom.co/news/127345-handshakes-arr-crosses-1b-as-ai-training-revenue-surges/",
    "srcName": "Dealroom（转述 The Information）",
    "kindShort": "年化"
   },
   {
    "v": 1000.0,
    "d": "2026-04",
    "kind": "AI 训练业务总收入年化（nearly $1B）",
    "raw": "gross annualised revenue from AI training has surged to nearly $1B",
    "who": "媒体·The Information",
    "src": "https://dealroom.co/news/127345-handshakes-arr-crosses-1b-as-ai-training-revenue-surges/",
    "srcName": "Dealroom（转述 The Information）",
    "kindShort": "年化"
   },
   {
    "v": 1000.0,
    "d": "2026-05",
    "kind": "run rate",
    "raw": "We've grown from $0 to ~$1B run rate",
    "who": "官宣",
    "src": "https://jobs.trueventures.com/companies/joinhandshake-com/jobs/78079186-entrepreneur-ceo-office",
    "srcName": "Handshake 招聘启事（True Ventures 职位板，2026-05-09）",
    "kindShort": "年化"
   }
  ],
  "latest": {
   "v": 1000.0,
   "d": "2026-05",
   "kind": "run rate",
   "raw": "We've grown from $0 to ~$1B run rate",
   "who": "官宣",
   "src": "https://jobs.trueventures.com/companies/joinhandshake-com/jobs/78079186-entrepreneur-ceo-office",
   "srcName": "Handshake 招聘启事（True Ventures 职位板，2026-05-09）",
   "kindShort": "年化"
  },
  "tier": "t1b",
  "val": null,
  "pending": [
   {
    "raw": "gross annualized revenue ~$1B, up from $550M in January",
    "src": "https://www.linkedin.com/posts/finextprivate_handshake-mercor-revenue-surges-on-demand-activity-7450120754504826880-3DTs",
    "why": "LinkedIn 转述，原始媒体未核到"
   },
   {
    "raw": "离任高管称公司整体收入 run rate 已过 $10 亿",
    "src": "https://www.linkedin.com/posts/mattgreenberg_the-news-is-out-after-three-years-im-stepping-activity-7521648314610651137-fA1U",
    "why": "前员工个人 LinkedIn，非公司口径"
   }
  ],
  "note": "2025 年由高校求职网络 Handshake 孵化的 AI 数据业务，母公司整体口径，AI 部分占绝大部分；投资方 Notable Capital 称「接近 $1B」。",
  "funding": [
   {
    "date": "2020-10",
    "round": "D 轮",
    "amount": "$80M",
    "lead": "未披露",
    "post": "未披露",
    "src": "https://jobright.ai/jobs/info/69af76d4749500645093f1a4"
   },
   {
    "date": "2021-05",
    "round": "E 轮",
    "amount": "$80M",
    "lead": "未披露",
    "post": "未披露",
    "src": "https://startupintros.com/orgs/handshake"
   },
   {
    "date": "2022-01",
    "round": "F 轮",
    "amount": "$200M",
    "lead": "Coatue、Valiant Peregrine（Kleiner Perkins、Lightspeed、True Ventures、Spark、EQT Ventures、GGV、CZI 等跟投）",
    "post": "$3.5B",
    "src": "https://startupintros.com/orgs/handshake"
   },
   {
    "date": "2026-05",
    "round": "融资",
    "amount": "$61M",
    "lead": "未披露",
    "post": "未披露",
    "src": "https://yoailabs.com/platforms/handshake-ai/"
   }
  ],
  "total": "未披露（第三方口径 $4.34亿–$5.39亿）"
 },
 {
  "n": "Together AI",
  "co": "Together Computer",
  "url": "https://www.together.ai",
  "logo": "logos/togetherai.png",
  "logoDark": false,
  "tags": [
   "AI Infra"
  ],
  "hq": "旧金山",
  "country": "美国",
  "region": "北美",
  "founded": 2022,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [
   {
    "v": 618.0,
    "d": "2025-12",
    "kind": "年化收入",
    "raw": "about $618M annualized (Sacra estimate)",
    "who": "Sacra 估算",
    "src": "https://sacra.com/c/together-ai/",
    "srcName": "Sacra",
    "kindShort": "年化"
   },
   {
    "v": 1000.0,
    "d": "2026-02",
    "kind": "年化收入",
    "raw": "annualized revenue reached about $1B (Sacra estimate)",
    "who": "Sacra 估算",
    "src": "https://sacra.com/c/together-ai/",
    "srcName": "Sacra",
    "kindShort": "年化"
   }
  ],
  "series": [
   {
    "v": 618.0,
    "d": "2025-12",
    "kind": "年化收入",
    "raw": "about $618M annualized (Sacra estimate)",
    "who": "Sacra 估算",
    "src": "https://sacra.com/c/together-ai/",
    "srcName": "Sacra",
    "kindShort": "年化"
   },
   {
    "v": 1000.0,
    "d": "2026-02",
    "kind": "年化收入",
    "raw": "annualized revenue reached about $1B (Sacra estimate)",
    "who": "Sacra 估算",
    "src": "https://sacra.com/c/together-ai/",
    "srcName": "Sacra",
    "kindShort": "年化"
   }
  ],
  "latest": {
   "v": 1000.0,
   "d": "2026-02",
   "kind": "年化收入",
   "raw": "annualized revenue reached about $1B (Sacra estimate)",
   "who": "Sacra 估算",
   "src": "https://sacra.com/c/together-ai/",
   "srcName": "Sacra",
   "kindShort": "年化"
  },
  "tier": "t1b",
  "val": {
   "v": 8300.0,
   "d": "2026-07",
   "kind": "C 轮投后（$8 亿）",
   "src": "https://www.investing.com/news/stock-market-news/together-ai-raises-800-million-at-83-billion-valuation-4771027"
  },
  "pending": [],
  "note": "开源模型云（推理加 GPU 租用）。公司自己披露的是「年度订单额超 $11.5 亿」（bookings，非收入），没放进曲线。",
  "funding": [
   {
    "date": "2023-11",
    "round": "A 轮",
    "amount": "$102.5M",
    "lead": "Kleiner Perkins",
    "post": "未披露",
    "src": "https://startuprecipe.co.kr/archives/5824044"
   },
   {
    "date": "2025-02",
    "round": "B 轮",
    "amount": "$305M",
    "lead": "General Catalyst、Prosperity7（Aramco）",
    "post": "约 $3.3B",
    "src": "https://thenextweb.com/news/together-ai-800m-series-c-aramco-ventures"
   },
   {
    "date": "2026-06",
    "round": "C 轮",
    "amount": "$800M",
    "lead": "Aramco Ventures（Nvidia 等跟投）",
    "post": "估值超 $8B（Multiples 记 $8.3B）",
    "src": "https://thenextweb.com/news/together-ai-800m-series-c-aramco-ventures"
   }
  ],
  "total": "未披露（种子轮未查到）"
 },
 {
  "n": "Modal",
  "co": "Modal Labs",
  "url": "https://modal.com",
  "logo": "logos/modal.png",
  "logoDark": false,
  "tags": [
   "AI Infra"
  ],
  "hq": "纽约",
  "country": "美国",
  "region": "北美",
  "founded": 2021,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [
   {
    "v": 1000.0,
    "d": "2026-10",
    "kind": "年化 run rate",
    "raw": "We recently crossed $1B in annualized run rate",
    "who": "官宣",
    "src": "https://modal.com/blog/1-billion-annualized-run-rate-series-d",
    "srcName": "Modal 博客（Erik Bernhardsson，2026-10-14）",
    "kindShort": "年化"
   }
  ],
  "series": [
   {
    "v": 1000.0,
    "d": "2026-10",
    "kind": "年化 run rate",
    "raw": "We recently crossed $1B in annualized run rate",
    "who": "官宣",
    "src": "https://modal.com/blog/1-billion-annualized-run-rate-series-d",
    "srcName": "Modal 博客（Erik Bernhardsson，2026-10-14）",
    "kindShort": "年化"
   }
  ],
  "latest": {
   "v": 1000.0,
   "d": "2026-10",
   "kind": "年化 run rate",
   "raw": "We recently crossed $1B in annualized run rate",
   "who": "官宣",
   "src": "https://modal.com/blog/1-billion-annualized-run-rate-series-d",
   "srcName": "Modal 博客（Erik Bernhardsson，2026-10-14）",
   "kindShort": "年化"
  },
  "tier": "t1b",
  "val": {
   "v": 15750.0,
   "d": "2026-10",
   "kind": "D 轮投后（$7.5 亿，Accel 领投）",
   "src": "https://modal.com/blog/1-billion-annualized-run-rate-series-d"
  },
  "pending": [],
  "note": "无服务器 GPU 云；博文称沙盒产品单独就是 $3 亿 run rate。",
  "funding": [
   {
    "date": "2025-09",
    "round": "B 轮",
    "amount": "$87M",
    "lead": "Lux Capital（Redpoint、Amplify 参与）",
    "post": "投后 $1.1B",
    "src": "https://aiinframap.com/companies/modal-labs"
   },
   {
    "date": "2026-05",
    "round": "C 轮",
    "amount": "$355M",
    "lead": "General Catalyst、Redpoint（Accel、Menlo、Bain Capital Ventures 参与）",
    "post": "投后 $4.65B（首批 $2.5B，次批 $4.65B）",
    "src": "https://www.investing.com/news/economy-news/exclusivemodal-labs-valued-at-465-billion-as-ai-coding-takes-off-4704718"
   },
   {
    "date": "2026-10",
    "round": "新一轮（未标轮次）",
    "amount": "$750M",
    "lead": "Accel、Kleiner Perkins（据 Breakit，最大出资方）",
    "post": "估值 $15.75B",
    "src": "https://www.breakit.se/artikel/47725/erik-berhardssons-modal-fyller-kassan-igen-varderingen-rusar-till-158-miljarder"
   }
  ],
  "total": "未披露"
 },
 {
  "n": "DeepSeek",
  "co": "深度求索",
  "url": "https://www.deepseek.com",
  "logo": "logos/deepseek.png",
  "logoDark": false,
  "tags": [
   "大模型"
  ],
  "hq": "杭州",
  "country": "中国",
  "region": "中国",
  "founded": 2023,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [
   {
    "v": 1000.0,
    "d": "2026-09",
    "kind": "年化收入 run-rate",
    "raw": "annualised revenue run rate has hit $1 billion, more than double from less than $500 million a few months ago (CEO Liang Wenfeng disclosed at investor meeting)",
    "who": "媒体·The Information（路透转述）",
    "src": "https://www.marketscreener.com/news/china-s-deepseek-annualised-revenue-hits-1-billion-the-information-reports-ce785adeda8ef424",
    "srcName": "MarketScreener / Reuters 转述 The Information",
    "kindShort": "年化"
   }
  ],
  "series": [
   {
    "v": 1000.0,
    "d": "2026-09",
    "kind": "年化收入 run-rate",
    "raw": "annualised revenue run rate has hit $1 billion, more than double from less than $500 million a few months ago (CEO Liang Wenfeng disclosed at investor meeting)",
    "who": "媒体·The Information（路透转述）",
    "src": "https://www.marketscreener.com/news/china-s-deepseek-annualised-revenue-hits-1-billion-the-information-reports-ce785adeda8ef424",
    "srcName": "MarketScreener / Reuters 转述 The Information",
    "kindShort": "年化"
   }
  ],
  "latest": {
   "v": 1000.0,
   "d": "2026-09",
   "kind": "年化收入 run-rate",
   "raw": "annualised revenue run rate has hit $1 billion, more than double from less than $500 million a few months ago (CEO Liang Wenfeng disclosed at investor meeting)",
   "who": "媒体·The Information（路透转述）",
   "src": "https://www.marketscreener.com/news/china-s-deepseek-annualised-revenue-hits-1-billion-the-information-reports-ce785adeda8ef424",
   "srcName": "MarketScreener / Reuters 转述 The Information",
   "kindShort": "年化"
  },
  "tier": "t1b",
  "val": null,
  "pending": [],
  "note": "开源大模型 + API 与 App；增长部分来自 8 月 API 涨价 2.3–4.5 倍；数月前「不足 5 亿美元」为上限描述，不作数据点；报道称计划融资 500 亿元人民币、估值目标 5000 亿元并拟上交所上市（目标，不入 val）。",
  "funding": [
   {
    "date": "2026-06",
    "round": "首轮外部融资",
    "amount": "超 ¥500 亿（约 $74 亿）；财经网称融资协议 5 月底签署",
    "lead": "未披露正式领投方。出资：梁文锋个人 ¥200 亿（最大单笔）、腾讯 ¥100 亿、宁德时代 ¥50 亿，网易、京东、IDG 资本各 ¥30 亿，国家人工智能产业投资基金 ¥10 亿",
    "post": "投前约 ¥3500 亿",
    "src": "https://m.caijing.com.cn/s/202606/5166081"
   },
   {
    "date": "2026-10",
    "round": "第二轮",
    "amount": "¥1055 亿（约 $158 亿）",
    "lead": "腾讯、宁德时代领投（近 30 家投资方参与，含中国移动、中国电信等）",
    "post": "投后 ¥6155 亿（约 $860 亿）",
    "src": "https://money.udn.com/money/story/5604/9849352"
   }
  ],
  "total": "两轮合计超 ¥1555 亿（含第一轮梁文锋个人出资；按上面金额相加）"
 },
 {
  "n": "MiniMax",
  "co": "MiniMax Group Inc.",
  "url": "https://www.minimax.io",
  "logo": "logos/minimax.png",
  "logoDark": false,
  "tags": [
   "大模型",
   "陪伴娱乐"
  ],
  "hq": "上海",
  "country": "中国",
  "region": "中国",
  "founded": 2021,
  "status": "public",
  "owner": "",
  "ref": false,
  "pts": [
   {
    "v": 79.0,
    "d": "2025-12",
    "kind": "年营收 (FY2025)",
    "raw": "2025年全年79.0百万美元的总收入",
    "who": "官宣",
    "src": "https://www.minimax.cn/news/minimax-%E5%8F%91%E5%B8%83-2026-%E5%B9%B4%E4%B8%AD%E6%9C%9F%E4%B8%9A%E7%BB%A9-1787744159",
    "srcName": "MiniMax 2026 中期业绩公告（HKEX 00100）",
    "kindShort": "营收"
   },
   {
    "v": 116.6,
    "d": "2026-06",
    "kind": "半年收入 (H1 2026)",
    "raw": "总收入...增至116.6百万美元",
    "who": "官宣",
    "src": "https://www.minimax.cn/news/minimax-%E5%8F%91%E5%B8%83-2026-%E5%B9%B4%E4%B8%AD%E6%9C%9F%E4%B8%9A%E7%BB%A9-1787744159",
    "srcName": "MiniMax 2026 中期业绩公告",
    "kindShort": "营收"
   },
   {
    "v": 800.0,
    "d": "2026-08",
    "kind": "ARR",
    "raw": "8月公司ARR（年化收入）已经超过8亿美元",
    "who": "官宣",
    "src": "https://m.21jingji.com/article/20260827/herald/60122fb614561ea092b2069da1b0058f.html",
    "srcName": "21 世纪经济报道（CEO 闫俊杰业绩会）",
    "kindShort": "ARR"
   }
  ],
  "series": [
   {
    "v": 800.0,
    "d": "2026-08",
    "kind": "ARR",
    "raw": "8月公司ARR（年化收入）已经超过8亿美元",
    "who": "官宣",
    "src": "https://m.21jingji.com/article/20260827/herald/60122fb614561ea092b2069da1b0058f.html",
    "srcName": "21 世纪经济报道（CEO 闫俊杰业绩会）",
    "kindShort": "ARR"
   }
  ],
  "latest": {
   "v": 800.0,
   "d": "2026-08",
   "kind": "ARR",
   "raw": "8月公司ARR（年化收入）已经超过8亿美元",
   "who": "官宣",
   "src": "https://m.21jingji.com/article/20260827/herald/60122fb614561ea092b2069da1b0058f.html",
   "srcName": "21 世纪经济报道（CEO 闫俊杰业绩会）",
   "kindShort": "ARR"
  },
  "tier": "public",
  "val": null,
  "pending": [],
  "note": "港股上市大模型公司（海螺 AI、Talkie）。前两点是财报实际收入，不是 ARR；ARR 为业绩会披露，To B 约 80%。",
  "funding": [
   {
    "date": "2022-2025",
    "round": "上市前共 7 轮（合并一条）",
    "amount": "约 $15亿（30 家机构合计）",
    "lead": "高瓴为首轮领投；阿里投资金额最大",
    "post": "未披露",
    "src": "https://wallstreetcn.com/articles/3762941#1"
   },
   {
    "date": "2026-01",
    "round": "IPO",
    "amount": "约 HK$55.4亿（发行约 3358 万股，HK$165/股，港交所 00100.HK）",
    "lead": "IPO",
    "post": "未披露",
    "src": "http://en.c114.com.cn/583/a1303804.html"
   }
  ],
  "total": "上市前约 $15亿（华尔街见闻口径）"
 },
 {
  "n": "fal",
  "co": "fal.ai",
  "url": "https://fal.ai",
  "logo": "logos/fal.png",
  "logoDark": false,
  "tags": [
   "AI Infra"
  ],
  "hq": "旧金山",
  "country": "美国",
  "region": "北美",
  "founded": 2021,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [
   {
    "v": 800.0,
    "d": "2026-09",
    "kind": "年化收入",
    "raw": "Fal's annualized revenue has doubled since March to $800 million",
    "who": "媒体·The Information",
    "src": "https://x.com/theinformation/status/2104632290743615999",
    "srcName": "The Information（X 帖，2026-09-27）",
    "kindShort": "年化"
   }
  ],
  "series": [
   {
    "v": 800.0,
    "d": "2026-09",
    "kind": "年化收入",
    "raw": "Fal's annualized revenue has doubled since March to $800 million",
    "who": "媒体·The Information",
    "src": "https://x.com/theinformation/status/2104632290743615999",
    "srcName": "The Information（X 帖，2026-09-27）",
    "kindShort": "年化"
   }
  ],
  "latest": {
   "v": 800.0,
   "d": "2026-09",
   "kind": "年化收入",
   "raw": "Fal's annualized revenue has doubled since March to $800 million",
   "who": "媒体·The Information",
   "src": "https://x.com/theinformation/status/2104632290743615999",
   "srcName": "The Information（X 帖，2026-09-27）",
   "kindShort": "年化"
  },
  "tier": "t500",
  "val": null,
  "pending": [],
  "note": "生成式媒体（图像/视频）模型推理平台。页面没显示发布日期，d 沿用原有图谱的 2026-09，转述链条为二手，建议补原报道。",
  "funding": [
   {
    "date": "2025-07",
    "round": "C 轮",
    "amount": "$125M",
    "lead": "Meritech",
    "post": "估值 $1.5B",
    "src": "https://finance.yahoo.com/news/sources-multimodal-ai-startup-fal-201241840.html"
   },
   {
    "date": "2025-10",
    "round": "新一轮（据 TechCrunch 报道）",
    "amount": "约 $250M",
    "lead": "Kleiner Perkins、Sequoia",
    "post": "估值超 $4B",
    "src": "https://enterpriseai.economictimes.indiatimes.com/news/industry/ai-startup-falai-raises-250-million-at-over-4-billion-valuation/124734909"
   },
   {
    "date": "2025-12",
    "round": "D 轮",
    "amount": "$140M",
    "lead": "Sequoia（Kleiner Perkins、Nvidia NVentures、Alkeon 参投）",
    "post": "估值 $4.5B",
    "src": "https://finance.yahoo.com/news/fal-nabs-140m-fresh-funding-222133234.html"
   }
  ],
  "total": "未披露（A、B 轮及种子未核）"
 },
 {
  "n": "Perplexity",
  "co": "Perplexity AI",
  "url": "https://www.perplexity.ai",
  "logo": "logos/perplexity.png",
  "logoDark": false,
  "tags": [
   "AI 搜索"
  ],
  "hq": "旧金山",
  "country": "美国",
  "region": "北美",
  "founded": 2022,
  "status": "private",
  "owner": "",
  "ref": true,
  "pts": [
   {
    "v": 305.0,
    "d": "2026-02",
    "kind": "ARR",
    "raw": "had already expanded its annual recurring revenue to about $305 million (before the March pricing change)",
    "who": "媒体·Financial Times",
    "src": "https://finance.yahoo.com/sectors/technology/articles/perplexity-arr-tops-450m-pricing-132500539.html",
    "srcName": "Yahoo Finance 转述 FT",
    "kindShort": "ARR"
   },
   {
    "v": 450.0,
    "d": "2026-03",
    "kind": "ARR",
    "raw": "annual recurring revenue has surged to more than $450 million as of March",
    "who": "媒体·Financial Times",
    "src": "https://finance.yahoo.com/sectors/technology/articles/perplexity-arr-tops-450m-pricing-132500539.html",
    "srcName": "Yahoo Finance 转述 FT",
    "kindShort": "ARR"
   },
   {
    "v": 750.0,
    "d": "2026-08",
    "kind": "annualized revenue",
    "raw": "annualized revenue is now more than $750 million, up from under $250 million at the start of 2026",
    "who": "媒体·The Information",
    "src": "https://www.fastcompany.com/91600914/maybe-we-were-wrong-about-perplexity",
    "srcName": "Fast Company 转述 The Information",
    "kindShort": "年化"
   }
  ],
  "series": [
   {
    "v": 305.0,
    "d": "2026-02",
    "kind": "ARR",
    "raw": "had already expanded its annual recurring revenue to about $305 million (before the March pricing change)",
    "who": "媒体·Financial Times",
    "src": "https://finance.yahoo.com/sectors/technology/articles/perplexity-arr-tops-450m-pricing-132500539.html",
    "srcName": "Yahoo Finance 转述 FT",
    "kindShort": "ARR"
   },
   {
    "v": 450.0,
    "d": "2026-03",
    "kind": "ARR",
    "raw": "annual recurring revenue has surged to more than $450 million as of March",
    "who": "媒体·Financial Times",
    "src": "https://finance.yahoo.com/sectors/technology/articles/perplexity-arr-tops-450m-pricing-132500539.html",
    "srcName": "Yahoo Finance 转述 FT",
    "kindShort": "ARR"
   },
   {
    "v": 750.0,
    "d": "2026-08",
    "kind": "annualized revenue",
    "raw": "annualized revenue is now more than $750 million, up from under $250 million at the start of 2026",
    "who": "媒体·The Information",
    "src": "https://www.fastcompany.com/91600914/maybe-we-were-wrong-about-perplexity",
    "srcName": "Fast Company 转述 The Information",
    "kindShort": "年化"
   }
  ],
  "latest": {
   "v": 750.0,
   "d": "2026-08",
   "kind": "annualized revenue",
   "raw": "annualized revenue is now more than $750 million, up from under $250 million at the start of 2026",
   "who": "媒体·The Information",
   "src": "https://www.fastcompany.com/91600914/maybe-we-were-wrong-about-perplexity",
   "srcName": "Fast Company 转述 The Information",
   "kindShort": "年化"
  },
  "tier": "t500",
  "val": {
   "v": 20000.0,
   "d": "2025-09",
   "kind": "融资估值（$200M 一轮）",
   "src": "https://finance.yahoo.com/sectors/technology/articles/perplexity-arr-tops-450m-pricing-132500539.html"
  },
  "pending": [
   {
    "raw": "Nvidia 投资、估值 $30B+ 洽谈中",
    "src": "https://www.techbang.com/posts/132667-nvidia-invests-in-perplexity-ai-30-billion-valuation",
    "why": "洽谈中，未交割；中文来源"
   }
  ],
  "note": "AI 搜索 / 智能体（Perplexity Computer）。2026-02 推出 Computer 并转用量计费后 ARR 暴增，8 月年化超 $7.5 亿（The Information）。更早的 2025 年点（$100M/$150M/$200M）只拿到聚合站转引，未列。",
  "funding": [
   {
    "date": "2024-01",
    "round": "B 轮",
    "amount": "$73.6M",
    "lead": "IVP",
    "post": "估值约 $520M",
    "src": "https://www.thehindu.com/sci-tech/technology/perplexity-raising-new-funds-at-9-billion-valuation-source-says/article68835136.ece"
   },
   {
    "date": "2024-12",
    "round": "D 轮",
    "amount": "$500M",
    "lead": "IVP（Nvidia、NEA、B Capital、T. Rowe Price 参与；据彭博社）",
    "post": "估值 $9B",
    "src": "https://india.entrepreneur.com/news-and-trends/ivp-led-usd-500-mn-round-propels-perplexity-to-usd-9-bn/484608"
   },
   {
    "date": "2025-05",
    "round": "新一轮",
    "amount": "$500M",
    "lead": "Accel（据 WSJ/路透报道，谈判阶段，口径为报道）",
    "post": "估值 $14B",
    "src": "https://au.finance.yahoo.com/news/ai-firm-perplexity-eyes-14-170127751.html"
   },
   {
    "date": "2025-07",
    "round": "追加",
    "amount": "$100M",
    "lead": "未披露",
    "post": "估值 $18B",
    "src": "https://fintechnews.ch/fintechusa/perplexity-ai-200m-funding/78197/"
   },
   {
    "date": "2025-09",
    "round": "追加",
    "amount": "$200M",
    "lead": "未披露",
    "post": "估值 $20B",
    "src": "https://fintechnews.ch/fintechusa/perplexity-ai-200m-funding/78197/"
   }
  ],
  "total": "据 The Information 累计超 $1B（约 $1.5B 为第三方口径）"
 },
 {
  "n": "Lovable",
  "co": "Lovable",
  "url": "https://lovable.dev",
  "logo": "logos/lovable.png",
  "logoDark": false,
  "tags": [
   "AI 编程"
  ],
  "hq": "斯德哥尔摩",
  "country": "瑞典",
  "region": "欧洲",
  "founded": 2023,
  "status": "private",
  "owner": "",
  "ref": true,
  "pts": [
   {
    "v": 100.0,
    "d": "2025-07",
    "kind": "ARR",
    "raw": "had previously reported $100 million ARR last July",
    "who": "官宣",
    "src": "https://techcrunch.com/2026/03/11/lovable-says-it-added-100m-in-revenue-last-month-alone-with-just-146-employees/",
    "srcName": "TechCrunch",
    "kindShort": "ARR"
   },
   {
    "v": 200.0,
    "d": "2025-11",
    "kind": "ARR",
    "raw": "doubled its annual recurring revenue (ARR) to $200 million in just four months",
    "who": "创始人",
    "src": "https://techcrunch.com/2025/11/19/as-lovable-hits-200m-arr-its-ceo-credits-staying-in-europe-for-its-success/",
    "srcName": "TechCrunch（CEO Anton Osika 在 Slush）",
    "kindShort": "ARR"
   },
   {
    "v": 200.0,
    "d": "2025-12",
    "kind": "ARR",
    "raw": "$200 million at the end of 2025",
    "who": "官宣",
    "src": "https://www.businessinsider.com/lovable-funding-valuation-doubles-13-3-billion-vibe-coding-2026-8",
    "srcName": "Business Insider",
    "kindShort": "ARR"
   },
   {
    "v": 300.0,
    "d": "2026-01",
    "kind": "ARR",
    "raw": "$300 million in January",
    "who": "官宣",
    "src": "https://techcrunch.com/2026/03/11/lovable-says-it-added-100m-in-revenue-last-month-alone-with-just-146-employees/",
    "srcName": "TechCrunch",
    "kindShort": "ARR"
   },
   {
    "v": 300.0,
    "d": "2026-02",
    "kind": "ARR",
    "raw": "up from $300 million a month earlier",
    "who": "官宣",
    "src": "https://www.businessinsider.com/lovable-funding-valuation-doubles-13-3-billion-vibe-coding-2026-8",
    "srcName": "Business Insider",
    "kindShort": "ARR"
   },
   {
    "v": 400.0,
    "d": "2026-02",
    "kind": "ARR",
    "raw": "crossed $400 million in annual recurring revenue in February, the Stockholm company confirmed",
    "who": "官宣",
    "src": "https://techcrunch.com/2026/03/11/lovable-says-it-added-100m-in-revenue-last-month-alone-with-just-146-employees/",
    "srcName": "TechCrunch",
    "kindShort": "ARR"
   },
   {
    "v": 400.0,
    "d": "2026-03",
    "kind": "annual recurring revenue",
    "raw": "Lovable has hit $400 million in annual recurring revenue",
    "who": "创始人",
    "src": "https://www.bloomberg.com/news/articles/2026-03-12/vibe-coding-startup-lovable-hits-400-million-recurring-revenue",
    "srcName": "Bloomberg（CEO Osika 采访）",
    "kindShort": "营收"
   },
   {
    "v": 500.0,
    "d": "2026-06",
    "kind": "annual run-rate revenue",
    "raw": "The vibe-coding platform in June said that number was around $500 million",
    "who": "官宣",
    "src": "https://techcrunch.com/2026/09/24/lovables-annualized-revenue-crosses-600m-as-vibe-coding-takes-off/",
    "srcName": "TechCrunch",
    "kindShort": "年化"
   },
   {
    "v": 600.0,
    "d": "2026-09",
    "kind": "annual run-rate revenue",
    "raw": "has crossed annual run-rate revenue of $600 million",
    "who": "创始人",
    "src": "https://techcrunch.com/2026/09/24/lovables-annualized-revenue-crosses-600m-as-vibe-coding-takes-off/",
    "srcName": "TechCrunch（联创 Fabian Hedin 在 HumanX）",
    "kindShort": "年化"
   }
  ],
  "series": [
   {
    "v": 100.0,
    "d": "2025-07",
    "kind": "ARR",
    "raw": "had previously reported $100 million ARR last July",
    "who": "官宣",
    "src": "https://techcrunch.com/2026/03/11/lovable-says-it-added-100m-in-revenue-last-month-alone-with-just-146-employees/",
    "srcName": "TechCrunch",
    "kindShort": "ARR"
   },
   {
    "v": 200.0,
    "d": "2025-11",
    "kind": "ARR",
    "raw": "doubled its annual recurring revenue (ARR) to $200 million in just four months",
    "who": "创始人",
    "src": "https://techcrunch.com/2025/11/19/as-lovable-hits-200m-arr-its-ceo-credits-staying-in-europe-for-its-success/",
    "srcName": "TechCrunch（CEO Anton Osika 在 Slush）",
    "kindShort": "ARR"
   },
   {
    "v": 200.0,
    "d": "2025-12",
    "kind": "ARR",
    "raw": "$200 million at the end of 2025",
    "who": "官宣",
    "src": "https://www.businessinsider.com/lovable-funding-valuation-doubles-13-3-billion-vibe-coding-2026-8",
    "srcName": "Business Insider",
    "kindShort": "ARR"
   },
   {
    "v": 300.0,
    "d": "2026-01",
    "kind": "ARR",
    "raw": "$300 million in January",
    "who": "官宣",
    "src": "https://techcrunch.com/2026/03/11/lovable-says-it-added-100m-in-revenue-last-month-alone-with-just-146-employees/",
    "srcName": "TechCrunch",
    "kindShort": "ARR"
   },
   {
    "v": 400.0,
    "d": "2026-02",
    "kind": "ARR",
    "raw": "crossed $400 million in annual recurring revenue in February, the Stockholm company confirmed",
    "who": "官宣",
    "src": "https://techcrunch.com/2026/03/11/lovable-says-it-added-100m-in-revenue-last-month-alone-with-just-146-employees/",
    "srcName": "TechCrunch",
    "kindShort": "ARR"
   },
   {
    "v": 500.0,
    "d": "2026-06",
    "kind": "annual run-rate revenue",
    "raw": "The vibe-coding platform in June said that number was around $500 million",
    "who": "官宣",
    "src": "https://techcrunch.com/2026/09/24/lovables-annualized-revenue-crosses-600m-as-vibe-coding-takes-off/",
    "srcName": "TechCrunch",
    "kindShort": "年化"
   },
   {
    "v": 600.0,
    "d": "2026-09",
    "kind": "annual run-rate revenue",
    "raw": "has crossed annual run-rate revenue of $600 million",
    "who": "创始人",
    "src": "https://techcrunch.com/2026/09/24/lovables-annualized-revenue-crosses-600m-as-vibe-coding-takes-off/",
    "srcName": "TechCrunch（联创 Fabian Hedin 在 HumanX）",
    "kindShort": "年化"
   }
  ],
  "latest": {
   "v": 600.0,
   "d": "2026-09",
   "kind": "annual run-rate revenue",
   "raw": "has crossed annual run-rate revenue of $600 million",
   "who": "创始人",
   "src": "https://techcrunch.com/2026/09/24/lovables-annualized-revenue-crosses-600m-as-vibe-coding-takes-off/",
   "srcName": "TechCrunch（联创 Fabian Hedin 在 HumanX）",
   "kindShort": "年化"
  },
  "tier": "t500",
  "val": {
   "v": 13300.0,
   "d": "2026-08",
   "kind": "$400M 一轮投后",
   "src": "https://techcrunch.com/2026/09/24/lovables-annualized-revenue-crosses-600m-as-vibe-coding-takes-off/"
  },
  "pending": [],
  "note": "用自然语言生成可部署应用的 vibe coding 平台。最新 run-rate $6 亿（2026-09-24）；近三分之二财富 500 强有员工在用。",
  "funding": [
   {
    "date": "2024-10",
    "round": "Pre-seed",
    "amount": "$7.5M",
    "lead": "未披露",
    "post": "未披露",
    "src": "https://parsers.vc/startup/lovable.dev/"
   },
   {
    "date": "2025-02",
    "round": "Pre-A",
    "amount": "未披露",
    "lead": "Creandum",
    "post": "未披露",
    "src": "https://multiples.vc/private-comps/lovable#1"
   },
   {
    "date": "2025-07",
    "round": "A 轮",
    "amount": "$200M",
    "lead": "Accel（Creandum、Hummingbird、Visionaries Club、byFounders、20VC 跟投）",
    "post": "投后 $1.8B",
    "src": "https://multiples.vc/private-comps/lovable#1"
   },
   {
    "date": "2025-12",
    "round": "B 轮",
    "amount": "$330M",
    "lead": "CapitalG、Menlo Ventures（Khosla、DST、EQT Growth、NVentures、Salesforce Ventures、Databricks Ventures 等跟投）",
    "post": "投后 $6.6B",
    "src": "https://techcrunch.com/2025/12/18/vibe-coding-startup-lovable-raises-330m-at-a-6-6b-valuation/"
   },
   {
    "date": "2026-08",
    "round": "C 轮",
    "amount": "$400M",
    "lead": "Menlo Ventures、Scaleup Europe Fund（EQT 管理）（Balderton 新进）",
    "post": "$13.3B",
    "src": "https://aistify.com/briefs/lovable-400-million-funding-13-billion-valuation-menlo/"
   }
  ],
  "total": "未披露（第三方 parsers.vc 称约 $21.2亿，含下面提到的一笔）"
 },
 {
  "n": "ElevenLabs",
  "co": "ElevenLabs",
  "url": "https://elevenlabs.io",
  "logo": "logos/elevenlabs.png",
  "logoDark": false,
  "tags": [
   "语音音乐"
  ],
  "hq": "伦敦",
  "country": "英国",
  "region": "欧洲",
  "founded": 2022,
  "status": "private",
  "owner": "",
  "ref": true,
  "pts": [
   {
    "v": 330.0,
    "d": "2025-12",
    "kind": "ARR",
    "raw": "crossed $330M in ARR",
    "who": "创始人",
    "src": "https://www.bloomberg.com/news/videos/2026-01-12/elevenlabs-330m-crossed-in-arr-video",
    "srcName": "Bloomberg（视频）",
    "kindShort": "ARR"
   },
   {
    "v": 450.0,
    "d": "2026-03",
    "kind": "ARR",
    "raw": "about $450 million after adding $100 million in net new ARR in Q1 2026",
    "who": "创始人",
    "src": "https://www.tipranks.com/news/private-companies/elevenlabs-500-million-round-draws-new-heavyweight-backers-as-revenue-and-valuation-soar",
    "srcName": "TipRanks（CEO 4 月表述）",
    "kindShort": "ARR"
   },
   {
    "v": 500.0,
    "d": "2026-04",
    "kind": "ARR",
    "raw": "annual recurring revenue has surpassed $500 million in early 2026",
    "who": "官宣",
    "src": "https://economictimes.indiatimes.com/tech/startups/voice-ai-firm-elevenlabs-tops-500-million-arr-announces-additional-funding/articleshow/130833365.cms",
    "srcName": "The Economic Times（转述公司 5-5 公告）",
    "kindShort": "ARR"
   },
   {
    "v": 600.0,
    "d": "2026-09",
    "kind": "ARR",
    "raw": "annual recurring revenue stood at $600 million (CEO to TechCrunch, Sep 24)",
    "who": "创始人",
    "src": "https://daily.dev/posts/20-minutes-with-the-ceo-of-elevenlabs-now-reportedly-valued-at-22b-00rbvannl",
    "srcName": "daily.dev 摘要 TechCrunch 采访",
    "kindShort": "ARR"
   }
  ],
  "series": [
   {
    "v": 330.0,
    "d": "2025-12",
    "kind": "ARR",
    "raw": "crossed $330M in ARR",
    "who": "创始人",
    "src": "https://www.bloomberg.com/news/videos/2026-01-12/elevenlabs-330m-crossed-in-arr-video",
    "srcName": "Bloomberg（视频）",
    "kindShort": "ARR"
   },
   {
    "v": 450.0,
    "d": "2026-03",
    "kind": "ARR",
    "raw": "about $450 million after adding $100 million in net new ARR in Q1 2026",
    "who": "创始人",
    "src": "https://www.tipranks.com/news/private-companies/elevenlabs-500-million-round-draws-new-heavyweight-backers-as-revenue-and-valuation-soar",
    "srcName": "TipRanks（CEO 4 月表述）",
    "kindShort": "ARR"
   },
   {
    "v": 500.0,
    "d": "2026-04",
    "kind": "ARR",
    "raw": "annual recurring revenue has surpassed $500 million in early 2026",
    "who": "官宣",
    "src": "https://economictimes.indiatimes.com/tech/startups/voice-ai-firm-elevenlabs-tops-500-million-arr-announces-additional-funding/articleshow/130833365.cms",
    "srcName": "The Economic Times（转述公司 5-5 公告）",
    "kindShort": "ARR"
   },
   {
    "v": 600.0,
    "d": "2026-09",
    "kind": "ARR",
    "raw": "annual recurring revenue stood at $600 million (CEO to TechCrunch, Sep 24)",
    "who": "创始人",
    "src": "https://daily.dev/posts/20-minutes-with-the-ceo-of-elevenlabs-now-reportedly-valued-at-22b-00rbvannl",
    "srcName": "daily.dev 摘要 TechCrunch 采访",
    "kindShort": "ARR"
   }
  ],
  "latest": {
   "v": 600.0,
   "d": "2026-09",
   "kind": "ARR",
   "raw": "annual recurring revenue stood at $600 million (CEO to TechCrunch, Sep 24)",
   "who": "创始人",
   "src": "https://daily.dev/posts/20-minutes-with-the-ceo-of-elevenlabs-now-reportedly-valued-at-22b-00rbvannl",
   "srcName": "daily.dev 摘要 TechCrunch 采访",
   "kindShort": "ARR"
  },
  "tier": "t500",
  "val": {
   "v": 11000.0,
   "d": "2026-02",
   "kind": "D 轮（$500M）",
   "src": "https://economictimes.indiatimes.com/tech/startups/voice-ai-firm-elevenlabs-tops-500-million-arr-announces-additional-funding/articleshow/130833365.cms"
  },
  "pending": [
   {
    "raw": "$300M 员工要约收购，估值 $22B",
    "src": "https://finance.biggo.com/news/8a858463-9a14-4c33-812f-5298e54242a8",
    "why": "二级交易，聚合站来源"
   },
   {
    "raw": "CEO 称 2026-09 ARR $600M（TechCrunch 采访）",
    "src": "https://feedly.com/beta/discover?query=leo%2Ffeed%2Fhttps:%2F%2F9to5google.com%2Fguides%2Fgoogle-home%2Ffeed%2F&s=entry:D0NrkerPWpQf70Y8DhcJZMCyMs4lMVTiFdwgOZC0Xuk%3D_1a1205fe901:dc3f977:f0b26a4",
    "why": "只有统计汇总页来源，未拿到 TechCrunch 原文链接"
   }
  ],
  "note": "语音合成 / 语音智能体（ElevenAgents）。2025 末 ARR 公司前后给过 3.3 亿与 3.5 亿两个口径。企业客户占收入 55% 以上。",
  "funding": [
   {
    "date": "2025-01",
    "round": "C 轮",
    "amount": "$180M",
    "lead": "a16z、ICONIQ Growth（共同领投；NEA、WiL、Valor、Sequoia 等跟投）",
    "post": "估值 $3.3B",
    "src": "https://elevenlabs.io/blog/elevenlabs-raises-dollar180m-series-c-to-be-the-voice-of-the-digital-world"
   },
   {
    "date": "2025-09",
    "round": "员工股转让（二级）",
    "amount": "$100M",
    "lead": "Sequoia（a16z、ICONIQ 参与）",
    "post": "估值 $6.6B",
    "src": "https://finance.yahoo.com/news/ai-voice-startup-elevenlabs-valued-130941722.html"
   },
   {
    "date": "2026-02",
    "round": "D 轮",
    "amount": "$500M",
    "lead": "Sequoia（a16z、ICONIQ、Lightspeed、Evantic、Bond 跟投）",
    "post": "投后 $11B",
    "src": "https://tech.eu/2026/02/04/elevenlabs-raises-500m-says-building-towards-ipo"
   }
  ],
  "total": "累计约 $781M（Tech.eu 报道，五轮）"
 },
 {
  "n": "Baseten",
  "co": "Baseten",
  "url": "https://www.baseten.co",
  "logo": "logos/baseten.png",
  "logoDark": false,
  "tags": [
   "AI Infra"
  ],
  "hq": "旧金山",
  "country": "美国",
  "region": "北美",
  "founded": 2019,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [
   {
    "v": 30.0,
    "d": "2025-03",
    "kind": "年化收入",
    "raw": "roughly $30 million in annualised revenue in March 2025",
    "who": "媒体·Dealroom",
    "src": "https://dealroom.co/news/129868-baseten-in-talks-to-raise-1b-at-11b-valuation-as-inference-boom-accelera/",
    "srcName": "Dealroom",
    "kindShort": "年化"
   },
   {
    "v": 200.0,
    "d": "2025-12",
    "kind": "年化收入",
    "raw": "annualised revenue surged from $200 million to $600 million during Q1 2026",
    "who": "媒体·Dealroom",
    "src": "https://dealroom.co/news/129868-baseten-in-talks-to-raise-1b-at-11b-valuation-as-inference-boom-accelera/",
    "srcName": "Dealroom",
    "kindShort": "年化"
   },
   {
    "v": 600.0,
    "d": "2026-03",
    "kind": "年化收入",
    "raw": "annualised revenue surged from $200 million to $600 million during Q1 2026",
    "who": "媒体·Dealroom",
    "src": "https://dealroom.co/news/129868-baseten-in-talks-to-raise-1b-at-11b-valuation-as-inference-boom-accelera/",
    "srcName": "Dealroom（原文未写明出处）",
    "kindShort": "年化"
   }
  ],
  "series": [
   {
    "v": 30.0,
    "d": "2025-03",
    "kind": "年化收入",
    "raw": "roughly $30 million in annualised revenue in March 2025",
    "who": "媒体·Dealroom",
    "src": "https://dealroom.co/news/129868-baseten-in-talks-to-raise-1b-at-11b-valuation-as-inference-boom-accelera/",
    "srcName": "Dealroom",
    "kindShort": "年化"
   },
   {
    "v": 200.0,
    "d": "2025-12",
    "kind": "年化收入",
    "raw": "annualised revenue surged from $200 million to $600 million during Q1 2026",
    "who": "媒体·Dealroom",
    "src": "https://dealroom.co/news/129868-baseten-in-talks-to-raise-1b-at-11b-valuation-as-inference-boom-accelera/",
    "srcName": "Dealroom",
    "kindShort": "年化"
   },
   {
    "v": 600.0,
    "d": "2026-03",
    "kind": "年化收入",
    "raw": "annualised revenue surged from $200 million to $600 million during Q1 2026",
    "who": "媒体·Dealroom",
    "src": "https://dealroom.co/news/129868-baseten-in-talks-to-raise-1b-at-11b-valuation-as-inference-boom-accelera/",
    "srcName": "Dealroom（原文未写明出处）",
    "kindShort": "年化"
   }
  ],
  "latest": {
   "v": 600.0,
   "d": "2026-03",
   "kind": "年化收入",
   "raw": "annualised revenue surged from $200 million to $600 million during Q1 2026",
   "who": "媒体·Dealroom",
   "src": "https://dealroom.co/news/129868-baseten-in-talks-to-raise-1b-at-11b-valuation-as-inference-boom-accelera/",
   "srcName": "Dealroom（原文未写明出处）",
   "kindShort": "年化"
  },
  "tier": "t500",
  "val": {
   "v": 13000.0,
   "d": "2026-06",
   "kind": "F 轮报道估值，最高 $130 亿（$15 亿）",
   "src": "https://www.pymnts.com/dashboard-post/news/investment-tracker/2026/baseten-nears-1-5-billion-funding-round-as-inference-demand-surges/"
  },
  "pending": [],
  "note": "AI 推理平台；Dealroom 页面未写明数字出处，按「媒体」级别处理。",
  "funding": [
   {
    "date": "2022-04",
    "round": "种子轮",
    "amount": "$8M",
    "lead": "South Park Commons、Greylock 共同领投",
    "post": "未披露",
    "src": "https://www.zoominfo.com/financial/baseten-llc/564939303"
   },
   {
    "date": "2022-04",
    "round": "A 轮",
    "amount": "$12M",
    "lead": "Greylock",
    "post": "未披露",
    "src": "https://profiles.crustdata.com/company/baseten"
   },
   {
    "date": "2024-03",
    "round": "B 轮",
    "amount": "$40M",
    "lead": "Spark Capital",
    "post": "未披露",
    "src": "https://profiles.crustdata.com/company/baseten"
   },
   {
    "date": "2025-02",
    "round": "C 轮",
    "amount": "$75M",
    "lead": "Spark Capital（IVP 等参与）",
    "post": "未披露",
    "src": "https://profiles.crustdata.com/company/baseten"
   },
   {
    "date": "2025-09",
    "round": "D 轮",
    "amount": "$150M",
    "lead": "BOND（Conviction、CapitalG 参与）",
    "post": "估值 $2.15B",
    "src": "https://www.pymnts.com/dashboard-post/news/investment-tracker/2026/baseten-nears-1-5-billion-funding-round-as-inference-demand-surges/"
   },
   {
    "date": "2026-01",
    "round": "E 轮",
    "amount": "$300M",
    "lead": "IVP、CapitalG（Nvidia 投约 $150M）",
    "post": "估值 $5B（AT Partners 称 $4.7B）",
    "src": "https://aiinframap.com/companies/baseten"
   },
   {
    "date": "2026-06",
    "round": "F 轮",
    "amount": "$1.5B",
    "lead": "未披露（WSJ 先前报道联合领投为 Spark、Sands、Altimeter、Wellington；E. Shaw Ventures 参与）",
    "post": "估值 $13B / $11B 分两档",
    "src": "https://www.atpartners.co.jp/news/2026-06-23-baseten-an-ai-inference-company-that-powers-the-world-s-most-advanced-ai-applications-has-raised-1-5b-in-a-series-f-funding-round-rapidly-expanding-its-valuation-to-13b"
   }
  ],
  "total": "累计超 $2B（公司/智东西口径）"
 },
 {
  "n": "Nebius",
  "co": "Nebius Group",
  "url": "https://nebius.com",
  "logo": "logos/nebius.png",
  "logoDark": false,
  "tags": [
   "AI Infra"
  ],
  "hq": "阿姆斯特丹",
  "country": "荷兰",
  "region": "欧洲",
  "founded": 2024,
  "status": "public",
  "owner": "",
  "ref": false,
  "pts": [
   {
    "v": 582.3,
    "d": "2026-06",
    "kind": "单季营收（Q2 2026，未年化，同比 +454%）",
    "raw": "revenue 582.3, up 454% (three months ended June 30)",
    "who": "官宣",
    "src": "https://www.nasdaq.com/press-release/nebius-reports-second-quarter-2026-financial-results-2026-08-12",
    "srcName": "Nebius 财报新闻稿（Nasdaq）",
    "kindShort": "年化"
   }
  ],
  "series": [
   {
    "v": 582.3,
    "d": "2026-06",
    "kind": "单季营收（Q2 2026，未年化，同比 +454%）",
    "raw": "revenue 582.3, up 454% (three months ended June 30)",
    "who": "官宣",
    "src": "https://www.nasdaq.com/press-release/nebius-reports-second-quarter-2026-financial-results-2026-08-12",
    "srcName": "Nebius 财报新闻稿（Nasdaq）",
    "kindShort": "年化"
   }
  ],
  "latest": {
   "v": 582.3,
   "d": "2026-06",
   "kind": "单季营收（Q2 2026，未年化，同比 +454%）",
   "raw": "revenue 582.3, up 454% (three months ended June 30)",
   "who": "官宣",
   "src": "https://www.nasdaq.com/press-release/nebius-reports-second-quarter-2026-financial-results-2026-08-12",
   "srcName": "Nebius 财报新闻稿（Nasdaq）",
   "kindShort": "年化"
  },
  "tier": "public",
  "val": null,
  "pending": [
   {
    "raw": "ARR 约 $30 亿（2026-06-30）",
    "src": "https://windsordrake.com/market-intelligence/reports/files/ai-valuations-q3-2026-deck.pdf",
    "why": "只有咨询机构 PDF 转述；公司年化口径页面超时未能核对"
   }
  ],
  "note": "前 Yandex 系 AI 云，纳斯达克上市（NBIS）；管理层给的 2026 年末年化 run rate 指引是 $70-90 亿，那是预测，不算。",
  "funding": [
   {
    "date": "2024-12",
    "round": "私募配售",
    "amount": "$700M",
    "lead": "Nvidia、Accel、Orbis Investments",
    "post": "未披露",
    "src": "https://ru.themoscowtimes.com/2026/08/25/otkazavshiisya-ot-rossiiskogo-pasporta-osnovatel-yandeksa-sobral-20-mlrd-investitsii-na-novii-biznes-na-zapade-a204276"
   },
   {
    "date": "2026-03",
    "round": "战略投资",
    "amount": "$2B",
    "lead": "Nvidia",
    "post": "未披露",
    "src": "https://www.datacenterdynamics.com/en/news/?tag=nebius&term=investment-ma-financing"
   }
  ],
  "total": "未披露"
 },
 {
  "n": "Replit",
  "co": "Replit, Inc.",
  "url": "https://replit.com",
  "logo": "logos/replit.png",
  "logoDark": false,
  "tags": [
   "AI 编程"
  ],
  "hq": "福斯特城",
  "country": "美国",
  "region": "北美",
  "founded": 2016,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [
   {
    "v": 150.0,
    "d": "2025-09",
    "kind": "annualized revenue",
    "raw": "growing annualized revenue from $2.8 million to $150 million in less than a year",
    "who": "官宣",
    "src": "https://replit.com/news/funding-announcement-series-c",
    "srcName": "Replit C 轮新闻稿",
    "kindShort": "年化"
   },
   {
    "v": 300.0,
    "d": "2025-12",
    "kind": "annualized revenue",
    "raw": "$300 million at the end of 2025 (Sacra)",
    "who": "Sacra 估算",
    "src": "https://www.smartkarma.com/home/daily-briefs/daily-brief-private-markets-replit-passes-500m-year-and-more/",
    "srcName": "Smartkarma 转引 Sacra",
    "kindShort": "年化"
   },
   {
    "v": 525.0,
    "d": "2026-04",
    "kind": "annualized revenue",
    "raw": "Sacra estimates Replit hit $525M in annualized revenue in April 2026",
    "who": "Sacra 估算",
    "src": "https://www.smartkarma.com/home/daily-briefs/daily-brief-private-markets-replit-passes-500m-year-and-more/",
    "srcName": "Smartkarma 转引 Sacra",
    "kindShort": "年化"
   }
  ],
  "series": [
   {
    "v": 150.0,
    "d": "2025-09",
    "kind": "annualized revenue",
    "raw": "growing annualized revenue from $2.8 million to $150 million in less than a year",
    "who": "官宣",
    "src": "https://replit.com/news/funding-announcement-series-c",
    "srcName": "Replit C 轮新闻稿",
    "kindShort": "年化"
   },
   {
    "v": 300.0,
    "d": "2025-12",
    "kind": "annualized revenue",
    "raw": "$300 million at the end of 2025 (Sacra)",
    "who": "Sacra 估算",
    "src": "https://www.smartkarma.com/home/daily-briefs/daily-brief-private-markets-replit-passes-500m-year-and-more/",
    "srcName": "Smartkarma 转引 Sacra",
    "kindShort": "年化"
   },
   {
    "v": 525.0,
    "d": "2026-04",
    "kind": "annualized revenue",
    "raw": "Sacra estimates Replit hit $525M in annualized revenue in April 2026",
    "who": "Sacra 估算",
    "src": "https://www.smartkarma.com/home/daily-briefs/daily-brief-private-markets-replit-passes-500m-year-and-more/",
    "srcName": "Smartkarma 转引 Sacra",
    "kindShort": "年化"
   }
  ],
  "latest": {
   "v": 525.0,
   "d": "2026-04",
   "kind": "annualized revenue",
   "raw": "Sacra estimates Replit hit $525M in annualized revenue in April 2026",
   "who": "Sacra 估算",
   "src": "https://www.smartkarma.com/home/daily-briefs/daily-brief-private-markets-replit-passes-500m-year-and-more/",
   "srcName": "Smartkarma 转引 Sacra",
   "kindShort": "年化"
  },
  "tier": "t500",
  "val": {
   "v": 9000.0,
   "d": "2026-03",
   "kind": "D 轮投后",
   "src": "https://georgian.io/posts/why-georgian-invested-in-replit-again"
  },
  "pending": [],
  "note": "浏览器里的 AI 编程 / 做应用智能体平台。公司称目标 2026 年底达到 $1B ARR（目标，不计入）。",
  "funding": [
   {
    "date": "2023",
    "round": "B 轮",
    "amount": "$97.4M",
    "lead": "未披露",
    "post": "估值略超 $1B",
    "src": "https://www.investing.com/news/stock-market-news/ai-software-developer-replit-raises-250-million-at-3-billion-valuation-4234041"
   },
   {
    "date": "2025-09",
    "round": "C 轮",
    "amount": "$250M",
    "lead": "Prysm Capital（a16z、Coatue、YC、Google AI Futures Fund、Amex Ventures 参投）",
    "post": "估值 $3B",
    "src": "https://www.investing.com/news/stock-market-news/ai-software-developer-replit-raises-250-million-at-3-billion-valuation-4234041"
   },
   {
    "date": "2026-03",
    "round": "D 轮",
    "amount": "$400M",
    "lead": "Georgian（G Squared、Prysm、Coatue、a16z、Craft、YC 等参与）",
    "post": "估值 $9B",
    "src": "https://www.tmcnet.com/usubmit/2026/03/11/10346473.htm"
   }
  ],
  "total": "累计约 $880M（CNBC 口径）"
 },
 {
  "n": "Cerebras",
  "co": "Cerebras Systems",
  "url": "https://www.cerebras.net",
  "logo": "logos/cerebras.png",
  "logoDark": false,
  "tags": [
   "AI Infra"
  ],
  "hq": "桑尼维尔",
  "country": "美国",
  "region": "北美",
  "founded": 2016,
  "status": "public",
  "owner": "",
  "ref": false,
  "pts": [
   {
    "v": 510.0,
    "d": "2025-12",
    "kind": "年营收（2025 全年，非 ARR）",
    "raw": "$510 million in revenue in 2025",
    "who": "官宣",
    "src": "https://www.cnbc.com/amp/2026/05/14/cerebras-cbrs-ipo-stock-meta-facebook-alibaba.html",
    "srcName": "CNBC（IPO 报道，S-1 口径）",
    "kindShort": "ARR"
   }
  ],
  "series": [
   {
    "v": 510.0,
    "d": "2025-12",
    "kind": "年营收（2025 全年，非 ARR）",
    "raw": "$510 million in revenue in 2025",
    "who": "官宣",
    "src": "https://www.cnbc.com/amp/2026/05/14/cerebras-cbrs-ipo-stock-meta-facebook-alibaba.html",
    "srcName": "CNBC（IPO 报道，S-1 口径）",
    "kindShort": "ARR"
   }
  ],
  "latest": {
   "v": 510.0,
   "d": "2025-12",
   "kind": "年营收（2025 全年，非 ARR）",
   "raw": "$510 million in revenue in 2025",
   "who": "官宣",
   "src": "https://www.cnbc.com/amp/2026/05/14/cerebras-cbrs-ipo-stock-meta-facebook-alibaba.html",
   "srcName": "CNBC（IPO 报道，S-1 口径）",
   "kindShort": "ARR"
  },
  "tier": "public",
  "val": null,
  "pending": [],
  "note": "芯片加推理云，2026-05-14 在纳斯达克上市（CBRS）。2026 Q1 单季营收 $1.934 亿（TradingView/Stocktwits 报道），年报口径无 ARR。",
  "funding": [
   {
    "date": "2021",
    "round": "F 轮",
    "amount": "$250M",
    "lead": "Alpha Wave Ventures",
    "post": "估值超 $4B",
    "src": "https://techcrunch.com/2025/09/30/a-year-after-filing-to-ipo-still-private-cerebras-systems-raises-1-1b/"
   },
   {
    "date": "2025-09",
    "round": "G 轮",
    "amount": "$1.1B",
    "lead": "Fidelity、Atreides Management 共同领投（Tiger Global、Valor、Altimeter、Benchmark、1789 Capital 等参与）",
    "post": "估值 $8.1B",
    "src": "https://techcrunch.com/2025/09/30/a-year-after-filing-to-ipo-still-private-cerebras-systems-raises-1-1b/"
   },
   {
    "date": "2026-02",
    "round": "H 轮",
    "amount": "$1B",
    "lead": "Tiger Global（据路透，经第三方汇总）",
    "post": "估值约 $23B",
    "src": "https://venturecapitaltracker.com/startup/cerebras"
   },
   {
    "date": "2026-05",
    "round": "IPO",
    "amount": "约 $5.55B（3000 万股，$185/股，Nasdaq: CBRS）",
    "lead": "承销商：Morgan Stanley、Citigroup、Barclays 等",
    "post": "发行时市值约 $40B",
    "src": "https://www.siliconrepublic.com/business/cerebras-systems-ipo-set-to-raise-more-than-5-5bn-ai"
   }
  ],
  "total": "上市前累计近 $2B（TechCrunch，截至 G 轮）"
 },
 {
  "n": "Gong",
  "co": "Gong.io",
  "url": "https://www.gong.io",
  "logo": "logos/gong.png",
  "logoDark": false,
  "tags": [
   "销售营销"
  ],
  "hq": "旧金山",
  "country": "美国",
  "region": "北美",
  "founded": 2015,
  "status": "private",
  "owner": "",
  "ref": true,
  "pts": [
   {
    "v": 300.0,
    "d": "2025-03",
    "kind": "ARR",
    "raw": "In March 2025, the company reported ARR of $300 million",
    "who": "媒体·Globes",
    "src": "https://en.globes.co.il/en/article-gong-arr-exceeds-500m-calming-ai-fears-1001542789",
    "srcName": "Globes",
    "kindShort": "ARR"
   },
   {
    "v": 500.0,
    "d": "2026-04",
    "kind": "ARR",
    "raw": "Annual recurring revenue (ARR) has now surpassed $500 million",
    "who": "官宣",
    "src": "https://www.gong.io/press/gong-growth-accelerates-past-55-yoy-arr-tops-500m",
    "srcName": "Gong 新闻稿（2026-05-12，截至 4 月底）",
    "kindShort": "ARR"
   }
  ],
  "series": [
   {
    "v": 300.0,
    "d": "2025-03",
    "kind": "ARR",
    "raw": "In March 2025, the company reported ARR of $300 million",
    "who": "媒体·Globes",
    "src": "https://en.globes.co.il/en/article-gong-arr-exceeds-500m-calming-ai-fears-1001542789",
    "srcName": "Globes",
    "kindShort": "ARR"
   },
   {
    "v": 500.0,
    "d": "2026-04",
    "kind": "ARR",
    "raw": "Annual recurring revenue (ARR) has now surpassed $500 million",
    "who": "官宣",
    "src": "https://www.gong.io/press/gong-growth-accelerates-past-55-yoy-arr-tops-500m",
    "srcName": "Gong 新闻稿（2026-05-12，截至 4 月底）",
    "kindShort": "ARR"
   }
  ],
  "latest": {
   "v": 500.0,
   "d": "2026-04",
   "kind": "ARR",
   "raw": "Annual recurring revenue (ARR) has now surpassed $500 million",
   "who": "官宣",
   "src": "https://www.gong.io/press/gong-growth-accelerates-past-55-yoy-arr-tops-500m",
   "srcName": "Gong 新闻稿（2026-05-12，截至 4 月底）",
   "kindShort": "ARR"
  },
  "tier": "t500",
  "val": null,
  "pending": [],
  "note": "非 AI 原生（2015 成立），参考图收录。销售通话 / 营收智能平台（Revenue AI）。最近一季同比增速 55% 以上，称客户含 Anthropic、OpenAI。",
  "funding": [
   {
    "date": "2019-02",
    "round": "B 轮",
    "amount": "$40M",
    "lead": "未披露",
    "post": "未披露",
    "src": "https://news.crunchbase.com/startups/gong-raises-200m-at-2-2b-valuation/"
   },
   {
    "date": "2019-12",
    "round": "C 轮",
    "amount": "$65M",
    "lead": "未披露",
    "post": "未披露",
    "src": "https://news.crunchbase.com/startups/gong-raises-200m-at-2-2b-valuation/"
   },
   {
    "date": "2020-08",
    "round": "D 轮",
    "amount": "$200M",
    "lead": "Coatue（Index Ventures、Salesforce Ventures、Thrive Capital、Sequoia、Battery、Norwest 等跟投）",
    "post": "投后 $2.2B",
    "src": "https://globalventuring.com/blog/2020/08/13/salesforce-chimes-in-gong-raises-200m/"
   },
   {
    "date": "2021-06",
    "round": "E 轮",
    "amount": "$250M",
    "lead": "Franklin Templeton（Coatue、Salesforce Ventures、Sequoia、Thrive、Tiger Global 跟投）",
    "post": "投后 $7.25B",
    "src": "https://globalventuring.com/corporate/gong-makes-noise-with-250m-series-e"
   }
  ],
  "total": "累计约 $5.83亿（公司/Global Venturing 口径）"
 },
 {
  "n": "Vercel",
  "co": "Vercel Inc.",
  "url": "https://vercel.com",
  "logo": "logos/vercel.png",
  "logoDark": false,
  "tags": [
   "AI 编程",
   "AI Infra"
  ],
  "hq": "旧金山",
  "country": "美国",
  "region": "北美",
  "founded": 2015,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [
   {
    "v": 100.0,
    "d": "2024-01",
    "kind": "ARR",
    "raw": "$100 million at the beginning of 2024, as reported by The Information",
    "who": "媒体·The Information",
    "src": "https://techcrunch.com/2026/04/13/vercel-ceo-guillermo-rauch-signals-ipo-readiness-as-ai-agents-fuel-revenue-surge/",
    "srcName": "TechCrunch 转引 The Information",
    "kindShort": "ARR"
   },
   {
    "v": 340.0,
    "d": "2026-02",
    "kind": "run rate",
    "raw": "a run rate of $340 million by the end of February 2026, according to Forbes",
    "who": "媒体·Forbes",
    "src": "https://techcrunch.com/2026/04/13/vercel-ceo-guillermo-rauch-signals-ipo-readiness-as-ai-agents-fuel-revenue-surge/",
    "srcName": "TechCrunch 转引 Forbes",
    "kindShort": "年化"
   },
   {
    "v": 500.0,
    "d": "2026-07",
    "kind": "annualized run-rate revenue",
    "raw": "the company crossed $500 million in annualized run-rate revenue in early July",
    "who": "官宣",
    "src": "https://www.afp.com/en/infos/vercel-appoints-amit-agarwal-standard-template-labs-ceo-and-former-datadog-president-board",
    "srcName": "Vercel 董事任命新闻稿 (Business Wire/AFP)",
    "kindShort": "年化"
   }
  ],
  "series": [
   {
    "v": 100.0,
    "d": "2024-01",
    "kind": "ARR",
    "raw": "$100 million at the beginning of 2024, as reported by The Information",
    "who": "媒体·The Information",
    "src": "https://techcrunch.com/2026/04/13/vercel-ceo-guillermo-rauch-signals-ipo-readiness-as-ai-agents-fuel-revenue-surge/",
    "srcName": "TechCrunch 转引 The Information",
    "kindShort": "ARR"
   },
   {
    "v": 340.0,
    "d": "2026-02",
    "kind": "run rate",
    "raw": "a run rate of $340 million by the end of February 2026, according to Forbes",
    "who": "媒体·Forbes",
    "src": "https://techcrunch.com/2026/04/13/vercel-ceo-guillermo-rauch-signals-ipo-readiness-as-ai-agents-fuel-revenue-surge/",
    "srcName": "TechCrunch 转引 Forbes",
    "kindShort": "年化"
   },
   {
    "v": 500.0,
    "d": "2026-07",
    "kind": "annualized run-rate revenue",
    "raw": "the company crossed $500 million in annualized run-rate revenue in early July",
    "who": "官宣",
    "src": "https://www.afp.com/en/infos/vercel-appoints-amit-agarwal-standard-template-labs-ceo-and-former-datadog-president-board",
    "srcName": "Vercel 董事任命新闻稿 (Business Wire/AFP)",
    "kindShort": "年化"
   }
  ],
  "latest": {
   "v": 500.0,
   "d": "2026-07",
   "kind": "annualized run-rate revenue",
   "raw": "the company crossed $500 million in annualized run-rate revenue in early July",
   "who": "官宣",
   "src": "https://www.afp.com/en/infos/vercel-appoints-amit-agarwal-standard-template-labs-ceo-and-former-datadog-president-board",
   "srcName": "Vercel 董事任命新闻稿 (Business Wire/AFP)",
   "kindShort": "年化"
  },
  "tier": "t500",
  "val": null,
  "pending": [
   {
    "raw": "CFO said Vercel crossed $200M ARR in June 2025",
    "src": "https://okara.ai/blog/vercel-revenue-growth",
    "why": "只有聚合/博客来源，原始出处未核到"
   }
  ],
  "note": "全公司口径（托管平台 + v0 + AI SDK），v0 单独收入未披露；AI 智能体生成的应用约占平台新应用 30%。",
  "funding": [
   {
    "date": "2021",
    "round": "D 轮",
    "amount": "$150M",
    "lead": "GGV Capital",
    "post": "估值 $2.5B",
    "src": "https://news.crunchbase.com/cloud/vercels-cloud-web-applications-funding-valuation-accel/"
   },
   {
    "date": "2024-05",
    "round": "E 轮",
    "amount": "$250M",
    "lead": "Accel",
    "post": "估值 $3.25B",
    "src": "https://investor.wedbush.com/wedbush/article/bizwire-2024-5-16-vercel-raises-250m-to-accelerate-ai-and-security-innovation-and-deliver-next-generation-web-experiences-and-applications"
   },
   {
    "date": "2025-09",
    "round": "F 轮",
    "amount": "$300M",
    "lead": "Accel、GIC 共同领投（BlackRock、Khosla、General Catalyst 等跟投）",
    "post": "投后 $9.3B",
    "src": "https://www.gic.com.sg/newsroom/all/vercel-closes-series-f-at-9-3b-valuation-to-scale-the-ai-cloud/"
   }
  ],
  "total": "未披露（A–C 轮未核）"
 },
 {
  "n": "Kling 可灵",
  "co": "快手科技",
  "url": "https://klingai.com",
  "logo": "logos/kling.png",
  "logoDark": false,
  "tags": [
   "视频生成"
  ],
  "hq": "北京",
  "country": "中国",
  "region": "中国",
  "founded": 2024,
  "status": "public",
  "owner": "快手 (01024.HK)",
  "ref": false,
  "pts": [
   {
    "v": 100.0,
    "d": "2025-03",
    "kind": "ARR",
    "raw": "去年3月可灵ARR为1亿美元",
    "who": "官宣",
    "src": "https://www.stcn.com/article/detail/3931611.html",
    "srcName": "证券时报/第一财经（快手 2026Q1 业绩会）",
    "kindShort": "ARR"
   },
   {
    "v": 500.0,
    "d": "2026-03",
    "kind": "ARR（原文「近 5 亿美元」，未到 5 亿）",
    "raw": "2026年3月，可灵AI的年化收入运行率（ARR）近5亿美元",
    "who": "官宣",
    "src": "https://www.stcn.com/article/detail/3931611.html",
    "srcName": "证券时报/第一财经（快手 CEO 程一笑业绩会）",
    "kindShort": "ARR"
   }
  ],
  "series": [
   {
    "v": 100.0,
    "d": "2025-03",
    "kind": "ARR",
    "raw": "去年3月可灵ARR为1亿美元",
    "who": "官宣",
    "src": "https://www.stcn.com/article/detail/3931611.html",
    "srcName": "证券时报/第一财经（快手 2026Q1 业绩会）",
    "kindShort": "ARR"
   },
   {
    "v": 500.0,
    "d": "2026-03",
    "kind": "ARR（原文「近 5 亿美元」，未到 5 亿）",
    "raw": "2026年3月，可灵AI的年化收入运行率（ARR）近5亿美元",
    "who": "官宣",
    "src": "https://www.stcn.com/article/detail/3931611.html",
    "srcName": "证券时报/第一财经（快手 CEO 程一笑业绩会）",
    "kindShort": "ARR"
   }
  ],
  "latest": {
   "v": 500.0,
   "d": "2026-03",
   "kind": "ARR（原文「近 5 亿美元」，未到 5 亿）",
   "raw": "2026年3月，可灵AI的年化收入运行率（ARR）近5亿美元",
   "who": "官宣",
   "src": "https://www.stcn.com/article/detail/3931611.html",
   "srcName": "证券时报/第一财经（快手 CEO 程一笑业绩会）",
   "kindShort": "ARR"
  },
  "tier": "public",
  "val": null,
  "pending": [],
  "note": "快手旗下 AI 视频生成产品；原文为「近 5 亿美元」，v 记 500 为近似。2026Q1 可灵收入超 6.5 亿元，同比增 300%+；传拟独立融资。",
  "funding": [
   {
    "date": "2026-10",
    "round": "外部增资（交割，7月公告）",
    "amount": "198.02亿元（约 $29.05亿）",
    "lead": "CPE 源峰、国方创投、BlueFive、腾讯、中信证券、中关村科学城基金联合领投（阿里云、百度、华策影视、芒果产业资本等参与）",
    "post": "投后约 $180亿（投前 $150亿）",
    "src": "https://www.guandian.cn/article/20261102/622063.html"
   }
  ],
  "total": "本轮 198.02亿元（可灵此前无独立外部融资记录）"
 },
 {
  "n": "Manus",
  "co": "Butterfly Effect (蝴蝶效应)",
  "url": "https://manus.im",
  "logo": "logos/manus.png",
  "logoDark": false,
  "tags": [
   "通用智能体"
  ],
  "hq": "新加坡",
  "country": "新加坡",
  "region": "亚太",
  "founded": 2022,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [
   {
    "v": 100.0,
    "d": "2025-12",
    "kind": "ARR",
    "raw": "reportedly generating more than $100 million in annual recurring revenue",
    "who": "媒体·Yahoo Finance",
    "src": "https://finance.yahoo.com/technology/ai/articles/manus-raises-over-500-million-000100357.html",
    "srcName": "Yahoo Finance（Meta 宣布收购时）",
    "kindShort": "ARR"
   },
   {
    "v": 500.0,
    "d": "2026-06",
    "kind": "annualised revenue run rate",
    "raw": "annualised revenue run rate had surged to about $500 million",
    "who": "媒体·The Information",
    "src": "https://www.reuters.com/5f374b32b07b/world/china/manus-raises-more-than-500-million-after-meta-exit-2026-10-08/",
    "srcName": "Reuters 转引 The Information",
    "kindShort": "年化"
   }
  ],
  "series": [
   {
    "v": 100.0,
    "d": "2025-12",
    "kind": "ARR",
    "raw": "reportedly generating more than $100 million in annual recurring revenue",
    "who": "媒体·Yahoo Finance",
    "src": "https://finance.yahoo.com/technology/ai/articles/manus-raises-over-500-million-000100357.html",
    "srcName": "Yahoo Finance（Meta 宣布收购时）",
    "kindShort": "ARR"
   },
   {
    "v": 500.0,
    "d": "2026-06",
    "kind": "annualised revenue run rate",
    "raw": "annualised revenue run rate had surged to about $500 million",
    "who": "媒体·The Information",
    "src": "https://www.reuters.com/5f374b32b07b/world/china/manus-raises-more-than-500-million-after-meta-exit-2026-10-08/",
    "srcName": "Reuters 转引 The Information",
    "kindShort": "年化"
   }
  ],
  "latest": {
   "v": 500.0,
   "d": "2026-06",
   "kind": "annualised revenue run rate",
   "raw": "annualised revenue run rate had surged to about $500 million",
   "who": "媒体·The Information",
   "src": "https://www.reuters.com/5f374b32b07b/world/china/manus-raises-more-than-500-million-after-meta-exit-2026-10-08/",
   "srcName": "Reuters 转引 The Information",
   "kindShort": "年化"
  },
  "tier": "t500",
  "val": null,
  "pending": [],
  "note": "通用智能体。Meta 2025-12 宣布以 20 亿美元以上收购，后拆除交易，2026-10 独立融资超 5 亿美元（Reuters）。",
  "funding": [
   {
    "date": "2025-04",
    "round": "B 轮",
    "amount": "$75M",
    "lead": "Benchmark",
    "post": "投后 $5亿",
    "src": "https://techcrunch.com/2025/12/29/meta-just-bought-manus-an-ai-startup-everyone-has-been-talking-about/"
   },
   {
    "date": "2025-12",
    "round": "被收购",
    "amount": "未官方披露价格；报道约 $20亿–25亿（含员工留任补偿）",
    "lead": "Meta",
    "post": "未披露",
    "src": "https://multiples.vc/private-comps/manus-ai#1"
   }
  ],
  "total": "未披露"
 },
 {
  "n": "micro1",
  "co": "micro1, Inc.",
  "url": "https://www.micro1.ai",
  "logo": "logos/micro1.png",
  "logoDark": false,
  "tags": [
   "数据"
  ],
  "hq": "旧金山",
  "country": "美国",
  "region": "北美",
  "founded": 2022,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [
   {
    "v": 100.0,
    "d": "2025-12",
    "kind": "annualised revenue",
    "raw": "By December 2025 ... Micro1 had crossed US$100 million in annualised revenue",
    "who": "媒体·Forbes",
    "src": "https://www.forbes.com.au/news/uncategorized/this-25-year-old-raised-us100-million-for-his-ai-startup-at-a-us4-billion-valuation/",
    "srcName": "Forbes Australia",
    "kindShort": "年化"
   },
   {
    "v": 500.0,
    "d": "2026-08",
    "kind": "gross annual run rate",
    "raw": "expanded its gross annual run rate from $100 million to $500 million over the past eight months",
    "who": "媒体·TechCrunch",
    "src": "https://techcrunch.com/2026/08/20/ai-data-startup-micro1-reaches-500m-gross-run-rate-amid-ai-training-boom/",
    "srcName": "TechCrunch（据知情人士）",
    "kindShort": "年化"
   }
  ],
  "series": [
   {
    "v": 100.0,
    "d": "2025-12",
    "kind": "annualised revenue",
    "raw": "By December 2025 ... Micro1 had crossed US$100 million in annualised revenue",
    "who": "媒体·Forbes",
    "src": "https://www.forbes.com.au/news/uncategorized/this-25-year-old-raised-us100-million-for-his-ai-startup-at-a-us4-billion-valuation/",
    "srcName": "Forbes Australia",
    "kindShort": "年化"
   },
   {
    "v": 500.0,
    "d": "2026-08",
    "kind": "gross annual run rate",
    "raw": "expanded its gross annual run rate from $100 million to $500 million over the past eight months",
    "who": "媒体·TechCrunch",
    "src": "https://techcrunch.com/2026/08/20/ai-data-startup-micro1-reaches-500m-gross-run-rate-amid-ai-training-boom/",
    "srcName": "TechCrunch（据知情人士）",
    "kindShort": "年化"
   }
  ],
  "latest": {
   "v": 500.0,
   "d": "2026-08",
   "kind": "gross annual run rate",
   "raw": "expanded its gross annual run rate from $100 million to $500 million over the past eight months",
   "who": "媒体·TechCrunch",
   "src": "https://techcrunch.com/2026/08/20/ai-data-startup-micro1-reaches-500m-gross-run-rate-amid-ai-training-boom/",
   "srcName": "TechCrunch（据知情人士）",
   "kindShort": "年化"
  },
  "tier": "t500",
  "val": {
   "v": 4000.0,
   "d": "2026-09",
   "kind": "新一轮估值（Forbes 报道）",
   "src": "https://www.forbes.com.au/news/uncategorized/this-25-year-old-raised-us100-million-for-his-ai-startup-at-a-us4-billion-valuation/"
  },
  "pending": [
   {
    "raw": "company now reports $700 million in ARR",
    "src": "https://lastmoneyin.co/p/your-shutdown-could-be-worth-1m-to-ai-labs",
    "why": "只有通讯稿来源，未找到原始出处"
   }
  ],
  "note": "AI 训练数据专家市场（原为 AI 招聘）。gross 口径，公司留存约 60-70%，净年化约 $1.5-2 亿。",
  "funding": [
   {
    "date": "2025-09",
    "round": "A 轮",
    "amount": "$35M",
    "lead": "01A（O1 Advisors）",
    "post": "估值 $500M",
    "src": "https://techcrunch.com/2025/09/12/micro1-a-competitor-to-scale-ai-raises-funds-at-500m-valuation/"
   },
   {
    "date": "2026-09",
    "round": "新一轮（Forbes 报道）",
    "amount": "超 $100M",
    "lead": "未披露",
    "post": "估值 $4B",
    "src": "https://www.antler.co/press-releases/antler-elevate-backs-micro1-the-ai-platform-for-human-intelligence-in-its-usd-35-million-series-a-led-by-01a"
   }
  ],
  "total": "未披露"
 },
 {
  "n": "VAST Data",
  "co": "VAST Data",
  "url": "https://www.vastdata.com",
  "logo": "logos/vastdata.png",
  "logoDark": false,
  "tags": [
   "AI Infra"
  ],
  "hq": "纽约",
  "country": "美国",
  "region": "北美",
  "founded": 2016,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [
   {
    "v": 500.0,
    "d": "2026-04",
    "kind": "承诺 ARR（committed ARR）",
    "raw": "committed annual recurring revenue (ARR) above USD $500 million",
    "who": "官宣",
    "src": "https://securitybrief.com.au/story/vast-data-hits-30bn-valuation-after-1bn-series-f-round",
    "srcName": "SecurityBrief（公司披露）",
    "kindShort": "ARR"
   }
  ],
  "series": [
   {
    "v": 500.0,
    "d": "2026-04",
    "kind": "承诺 ARR（committed ARR）",
    "raw": "committed annual recurring revenue (ARR) above USD $500 million",
    "who": "官宣",
    "src": "https://securitybrief.com.au/story/vast-data-hits-30bn-valuation-after-1bn-series-f-round",
    "srcName": "SecurityBrief（公司披露）",
    "kindShort": "ARR"
   }
  ],
  "latest": {
   "v": 500.0,
   "d": "2026-04",
   "kind": "承诺 ARR（committed ARR）",
   "raw": "committed annual recurring revenue (ARR) above USD $500 million",
   "who": "官宣",
   "src": "https://securitybrief.com.au/story/vast-data-hits-30bn-valuation-after-1bn-series-f-round",
   "srcName": "SecurityBrief（公司披露）",
   "kindShort": "ARR"
  },
  "tier": "t500",
  "val": {
   "v": 30000.0,
   "d": "2026-04",
   "kind": "F 轮估值（约 $10 亿）",
   "src": "https://securitybrief.com.au/story/vast-data-hits-30bn-valuation-after-1bn-series-f-round"
  },
  "pending": [],
  "note": "AI 数据存储与数据平台；非严格 AI 原生，是 AI 基础设施。",
  "funding": [
   {
    "date": "2021",
    "round": "D 轮",
    "amount": "未披露",
    "lead": "未披露",
    "post": "估值 $3.7B",
    "src": "https://news.crunchbase.com/ai/unicorn-vast-data-valuation-doubles-fidelity/"
   },
   {
    "date": "2023-11",
    "round": "E 轮",
    "amount": "$118M",
    "lead": "Fidelity Management & Research（NEA、BOND、Drive Capital 参与）",
    "post": "投后 $9.1B",
    "src": "https://www.wsj.com/articles/vast-datas-ceo-discusses-fundraising-future-plans-533b9f5c"
   },
   {
    "date": "2026-04",
    "round": "F 轮",
    "amount": "$1B（其中超 $500M 为二级）",
    "lead": "Drive Capital、Access Industries 共同领投（Nvidia、Fidelity、NEA 参与）",
    "post": "估值 $30B",
    "src": "https://thenextweb.com/news/vast-data-1b-raise-30b-valuation-nvidia-ai-storage"
   }
  ],
  "total": "E 轮后累计 $381M（WSJ/Forbes）；F 轮另 $1B（含二级）"
 },
 {
  "n": "Clio",
  "co": "Clio (含 vLex)",
  "url": "https://www.clio.com",
  "logo": "logos/clio.png",
  "logoDark": false,
  "tags": [
   "法律"
  ],
  "hq": "本拿比（温哥华）",
  "country": "加拿大",
  "region": "北美",
  "founded": 2008,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [
   {
    "v": 200.0,
    "d": "2024-12",
    "kind": "ARR",
    "raw": "hit $200 million USD in 2024",
    "who": "媒体·BetaKit",
    "src": "https://betakit.com/clio-tops-500-million-usd-in-arr-as-ai-reshapes-the-legal-market/",
    "srcName": "BetaKit",
    "kindShort": "ARR"
   },
   {
    "v": 400.0,
    "d": "2025-11",
    "kind": "ARR",
    "raw": "$400 million USD in ARR, alongside $500M Series G and vLex acquisition",
    "who": "媒体·BetaKit",
    "src": "https://betakit.com/clio-tops-500-million-usd-in-arr-as-ai-reshapes-the-legal-market/",
    "srcName": "BetaKit",
    "kindShort": "ARR"
   },
   {
    "v": 500.0,
    "d": "2026-05",
    "kind": "ARR",
    "raw": "surpassed US$500 million in annual recurring revenue",
    "who": "官宣",
    "src": "https://europeanbusinessmagazine.com/clio-surpasses-500-million-in-annual-revenue/",
    "srcName": "Clio 新闻稿 (2026-05-12)",
    "kindShort": "ARR"
   }
  ],
  "series": [
   {
    "v": 200.0,
    "d": "2024-12",
    "kind": "ARR",
    "raw": "hit $200 million USD in 2024",
    "who": "媒体·BetaKit",
    "src": "https://betakit.com/clio-tops-500-million-usd-in-arr-as-ai-reshapes-the-legal-market/",
    "srcName": "BetaKit",
    "kindShort": "ARR"
   },
   {
    "v": 400.0,
    "d": "2025-11",
    "kind": "ARR",
    "raw": "$400 million USD in ARR, alongside $500M Series G and vLex acquisition",
    "who": "媒体·BetaKit",
    "src": "https://betakit.com/clio-tops-500-million-usd-in-arr-as-ai-reshapes-the-legal-market/",
    "srcName": "BetaKit",
    "kindShort": "ARR"
   },
   {
    "v": 500.0,
    "d": "2026-05",
    "kind": "ARR",
    "raw": "surpassed US$500 million in annual recurring revenue",
    "who": "官宣",
    "src": "https://europeanbusinessmagazine.com/clio-surpasses-500-million-in-annual-revenue/",
    "srcName": "Clio 新闻稿 (2026-05-12)",
    "kindShort": "ARR"
   }
  ],
  "latest": {
   "v": 500.0,
   "d": "2026-05",
   "kind": "ARR",
   "raw": "surpassed US$500 million in annual recurring revenue",
   "who": "官宣",
   "src": "https://europeanbusinessmagazine.com/clio-surpasses-500-million-in-annual-revenue/",
   "srcName": "Clio 新闻稿 (2026-05-12)",
   "kindShort": "ARR"
  },
  "tier": "t500",
  "val": null,
  "pending": [],
  "note": "律所管理软件起家，收购 vLex 后自称「法律 AI 平台」，盈利；18 年老公司转 AI，非纯 AI 原生，上一轮因数字不明被跳过，现有 2026 官宣数字。",
  "funding": [
   {
    "date": "2019-09",
    "round": "D 轮",
    "amount": "$250M",
    "lead": "JMI Equity、TCV 共同领投",
    "post": "未披露",
    "src": "https://multiples.vc/private-comps/clio"
   },
   {
    "date": "2021-04",
    "round": "E 轮",
    "amount": "$110M",
    "lead": "未披露",
    "post": "估值 $1.6B",
    "src": "https://ca.finance.yahoo.com/news/legal-tech-clio-raises-900m-120000179.html"
   },
   {
    "date": "2024-07",
    "round": "F 轮",
    "amount": "$900M",
    "lead": "NEA（Goldman Sachs Asset Management、Sixth Street Growth、CapitalG、Tidemark、TCV、JMI、T. Rowe Price、OMERS 参与）",
    "post": "估值 $3B",
    "src": "https://www.timescolonist.com/technology/bcs-clio-raises-staggering-us900m-in-venture-capital-9240115"
   },
   {
    "date": "2025-11",
    "round": "G 轮",
    "amount": "$500M（全部为新股融资）",
    "lead": "NEA",
    "post": "投后 $5B",
    "src": "https://www.cantechletter.com/newswires/clio-completes-landmark-1b-vlex-acquisition-and-announces-500m-series-g-funding-round-at-5b-valuation/"
   }
  ],
  "total": "未披露（The Canadian AI Index 称累计约 US$1.2B，第三方口径）"
 },
 {
  "n": "Sierra",
  "co": "Sierra Technologies",
  "url": "https://sierra.ai",
  "logo": "logos/sierra.png",
  "logoDark": false,
  "tags": [
   "AI 客服"
  ],
  "hq": "旧金山",
  "country": "美国",
  "region": "北美",
  "founded": 2023,
  "status": "private",
  "owner": "",
  "ref": true,
  "pts": [
   {
    "v": 100.0,
    "d": "2025-11",
    "kind": "ARR",
    "raw": "hit $100M ARR in November 2025, seven quarters after launching",
    "who": "官宣",
    "src": "https://dealroom.co/news/128479-sierra-raises-950m-at-15b-as-ai-customer-agents-move-to-the-enterprise-m/",
    "srcName": "Dealroom（转述）",
    "kindShort": "ARR"
   },
   {
    "v": 150.0,
    "d": "2026-02",
    "kind": "ARR",
    "raw": "reached $150M in annual recurring revenue by February 2026",
    "who": "官宣",
    "src": "https://dealroom.co/news/128479-sierra-raises-950m-at-15b-as-ai-customer-agents-move-to-the-enterprise-m/",
    "srcName": "Dealroom（转述）",
    "kindShort": "ARR"
   },
   {
    "v": 200.0,
    "d": "2026-05",
    "kind": "ARR",
    "raw": "Sierra just crossed $200M in ARR",
    "who": "创始人",
    "src": "https://x.com/btaylor/status/2060467232917111229",
    "srcName": "Bret Taylor 的 X 帖子（经 LinkedIn 转引）",
    "kindShort": "ARR"
   },
   {
    "v": 400.0,
    "d": "2026-09",
    "kind": "ARR",
    "raw": "added over $150M ARR this quarter, bringing our total ARR beyond $400M",
    "who": "创始人",
    "src": "https://www.linkedin.com/posts/brettaylor_every-quarter-at-sierra-we-celebrate-the-activity-7521919090983292929-17sH",
    "srcName": "Bret Taylor LinkedIn（2026-10-29，Q3）",
    "kindShort": "ARR"
   }
  ],
  "series": [
   {
    "v": 100.0,
    "d": "2025-11",
    "kind": "ARR",
    "raw": "hit $100M ARR in November 2025, seven quarters after launching",
    "who": "官宣",
    "src": "https://dealroom.co/news/128479-sierra-raises-950m-at-15b-as-ai-customer-agents-move-to-the-enterprise-m/",
    "srcName": "Dealroom（转述）",
    "kindShort": "ARR"
   },
   {
    "v": 150.0,
    "d": "2026-02",
    "kind": "ARR",
    "raw": "reached $150M in annual recurring revenue by February 2026",
    "who": "官宣",
    "src": "https://dealroom.co/news/128479-sierra-raises-950m-at-15b-as-ai-customer-agents-move-to-the-enterprise-m/",
    "srcName": "Dealroom（转述）",
    "kindShort": "ARR"
   },
   {
    "v": 200.0,
    "d": "2026-05",
    "kind": "ARR",
    "raw": "Sierra just crossed $200M in ARR",
    "who": "创始人",
    "src": "https://x.com/btaylor/status/2060467232917111229",
    "srcName": "Bret Taylor 的 X 帖子（经 LinkedIn 转引）",
    "kindShort": "ARR"
   },
   {
    "v": 400.0,
    "d": "2026-09",
    "kind": "ARR",
    "raw": "added over $150M ARR this quarter, bringing our total ARR beyond $400M",
    "who": "创始人",
    "src": "https://www.linkedin.com/posts/brettaylor_every-quarter-at-sierra-we-celebrate-the-activity-7521919090983292929-17sH",
    "srcName": "Bret Taylor LinkedIn（2026-10-29，Q3）",
    "kindShort": "ARR"
   }
  ],
  "latest": {
   "v": 400.0,
   "d": "2026-09",
   "kind": "ARR",
   "raw": "added over $150M ARR this quarter, bringing our total ARR beyond $400M",
   "who": "创始人",
   "src": "https://www.linkedin.com/posts/brettaylor_every-quarter-at-sierra-we-celebrate-the-activity-7521919090983292929-17sH",
   "srcName": "Bret Taylor LinkedIn（2026-10-29，Q3）",
   "kindShort": "ARR"
  },
  "tier": "t200",
  "val": {
   "v": 15000.0,
   "d": "2026-05",
   "kind": "E 轮（$950M），原文 \"more than $15B\"",
   "src": "https://dealroom.co/news/128479-sierra-raises-950m-at-15b-as-ai-customer-agents-move-to-the-enterprise-m/"
  },
  "pending": [
   {
    "raw": "crossed $200M ARR（2026-06，Bret Taylor 拆解）",
    "src": "https://www.linkedin.com/posts/briannichols11_sierra-just-crossed-200m-in-arr-the-company-activity-7467975915197878272-do8C",
    "why": "只有第三方 LinkedIn 转述，未打开 Sierra 原帖"
   }
  ],
  "note": "企业 AI 客服智能体（按结果收费），创始人 Bret Taylor。2026 Q3 单季新增 $1.5 亿以上，近一半财富 50 强是客户。",
  "funding": [
   {
    "date": "2024-02",
    "round": "种子/A 轮",
    "amount": "$110M",
    "lead": "Sequoia、Benchmark",
    "post": "约 $10亿（第三方）",
    "src": "https://techcrunch.com/2025/09/04/bret-taylors-sierra-raises-350m-at-a-10b-valuation/"
   },
   {
    "date": "2024-10",
    "round": "B 轮",
    "amount": "$175M",
    "lead": "Greenoaks",
    "post": "约 $45亿（第三方）",
    "src": "https://techcrunch.com/2025/09/04/bret-taylors-sierra-raises-350m-at-a-10b-valuation/"
   },
   {
    "date": "2025-09",
    "round": "C 轮",
    "amount": "$350M",
    "lead": "Greenoaks",
    "post": "$100亿",
    "src": "https://techcrunch.com/2025/09/04/bret-taylors-sierra-raises-350m-at-a-10b-valuation/"
   },
   {
    "date": "2026-05",
    "round": "E 轮",
    "amount": "$950M",
    "lead": "Tiger Global、GV（Benchmark、Sequoia、Greenoaks 跟投）",
    "post": "投后 $158亿",
    "src": "https://finance.yahoo.com/markets/stocks/articles/sierra-raises-950m-15-8b-154125641.html"
   }
  ],
  "total": "累计约 $15.9亿（按上面各轮相加）"
 },
 {
  "n": "Harvey",
  "co": "Harvey AI",
  "url": "https://www.harvey.ai",
  "logo": "logos/harvey.png",
  "logoDark": false,
  "tags": [
   "法律"
  ],
  "hq": "旧金山",
  "country": "美国",
  "region": "北美",
  "founded": 2022,
  "status": "private",
  "owner": "",
  "ref": true,
  "pts": [
   {
    "v": 100.0,
    "d": "2025-08",
    "kind": "ARR",
    "raw": "hit $100 million ARR milestone announced in August",
    "who": "官宣",
    "src": "https://finance.yahoo.com/news/harvey-reportedly-raising-11b-valuation-182102858.html",
    "srcName": "Yahoo Finance（TechCrunch 转述）",
    "kindShort": "ARR"
   },
   {
    "v": 190.0,
    "d": "2025-12",
    "kind": "ARR",
    "raw": "annual recurring revenue rate of $190 million by the end of 2025, founder CEO Winston Weinberg shared on LinkedIn",
    "who": "创始人",
    "src": "https://finance.yahoo.com/news/harvey-reportedly-raising-11b-valuation-182102858.html",
    "srcName": "Yahoo Finance（TechCrunch 转述；CNBC 称 1 月）",
    "kindShort": "ARR"
   },
   {
    "v": 300.0,
    "d": "2026-06",
    "kind": "ARR",
    "raw": "roughly $300M ARR (up from $100M last August)",
    "who": "创始人",
    "src": "https://podscan.fm/podcasts/sourcery/episodes/inside-harvey-ai-11b-300m-arr-960-employees-12-offices-13-trillion-tokens-a-month",
    "srcName": "Sourcery 播客（CEO Winston Weinberg）",
    "kindShort": "ARR"
   },
   {
    "v": 400.0,
    "d": "2026-09",
    "kind": "ARR",
    "raw": "Annual recurring revenue has passed $400mn",
    "who": "媒体·The Next Web",
    "src": "https://thenextweb.com/news/harvey-550m-round-15-6bn-guardrails-acquisition",
    "srcName": "The Next Web",
    "kindShort": "ARR"
   }
  ],
  "series": [
   {
    "v": 100.0,
    "d": "2025-08",
    "kind": "ARR",
    "raw": "hit $100 million ARR milestone announced in August",
    "who": "官宣",
    "src": "https://finance.yahoo.com/news/harvey-reportedly-raising-11b-valuation-182102858.html",
    "srcName": "Yahoo Finance（TechCrunch 转述）",
    "kindShort": "ARR"
   },
   {
    "v": 190.0,
    "d": "2025-12",
    "kind": "ARR",
    "raw": "annual recurring revenue rate of $190 million by the end of 2025, founder CEO Winston Weinberg shared on LinkedIn",
    "who": "创始人",
    "src": "https://finance.yahoo.com/news/harvey-reportedly-raising-11b-valuation-182102858.html",
    "srcName": "Yahoo Finance（TechCrunch 转述；CNBC 称 1 月）",
    "kindShort": "ARR"
   },
   {
    "v": 300.0,
    "d": "2026-06",
    "kind": "ARR",
    "raw": "roughly $300M ARR (up from $100M last August)",
    "who": "创始人",
    "src": "https://podscan.fm/podcasts/sourcery/episodes/inside-harvey-ai-11b-300m-arr-960-employees-12-offices-13-trillion-tokens-a-month",
    "srcName": "Sourcery 播客（CEO Winston Weinberg）",
    "kindShort": "ARR"
   },
   {
    "v": 400.0,
    "d": "2026-09",
    "kind": "ARR",
    "raw": "Annual recurring revenue has passed $400mn",
    "who": "媒体·The Next Web",
    "src": "https://thenextweb.com/news/harvey-550m-round-15-6bn-guardrails-acquisition",
    "srcName": "The Next Web",
    "kindShort": "ARR"
   }
  ],
  "latest": {
   "v": 400.0,
   "d": "2026-09",
   "kind": "ARR",
   "raw": "Annual recurring revenue has passed $400mn",
   "who": "媒体·The Next Web",
   "src": "https://thenextweb.com/news/harvey-550m-round-15-6bn-guardrails-acquisition",
   "srcName": "The Next Web",
   "kindShort": "ARR"
  },
  "tier": "t200",
  "val": {
   "v": 15600.0,
   "d": "2026-09",
   "kind": "$550M 一轮",
   "src": "https://thenextweb.com/news/harvey-550m-round-15-6bn-guardrails-acquisition"
  },
  "pending": [],
  "note": "律所与企业法务 AI。客户超 3000 家（3 月时 1300）。9 月同步收购 Guardrails AI，并发布基于 Kimi K3 微调的自有模型。",
  "funding": [
   {
    "date": "2025-02",
    "round": "D 轮",
    "amount": "$300M",
    "lead": "Sequoia",
    "post": "估值 $3B",
    "src": "https://techcrunch.com/2025/06/23/four-months-after-a-3b-valuation-harvey-ai-grows-to-5b/"
   },
   {
    "date": "2025-06",
    "round": "E 轮",
    "amount": "$300M",
    "lead": "Kleiner Perkins、Coatue（Conviction、Elad Gil、OpenAI Startup Fund、Sequoia 参与）",
    "post": "估值 $5B",
    "src": "https://techcrunch.com/2025/06/23/four-months-after-a-3b-valuation-harvey-ai-grows-to-5b/"
   },
   {
    "date": "2025-12",
    "round": "新一轮",
    "amount": "$160M",
    "lead": "Andreessen Horowitz",
    "post": "估值 $8B",
    "src": "https://techcrunch.com/2025/12/04/legal-ai-startup-harvey-confirms-8b-valuation/"
   },
   {
    "date": "2026-03",
    "round": "F 轮",
    "amount": "$200M",
    "lead": "GIC、Sequoia（a16z、Coatue 等跟投）",
    "post": "估值 $11B",
    "src": "https://uk.finance.yahoo.com/news/legal-software-firm-harvey-valued-143621513.html"
   },
   {
    "date": "2026-09",
    "round": "新一轮（未命名）",
    "amount": "$550M",
    "lead": "Diffusion、Lightspeed Venture Partners",
    "post": "估值 $15.5B",
    "src": "https://finance.yahoo.com/technology/ai/articles/harvey-hits-15-5b-valuation-183424944.html"
   }
  ],
  "total": "累计超 $1.55B（Yahoo/TechCrunch 口径）"
 },
 {
  "n": "Intercom（Fin）",
  "co": "Fin（原 Intercom）",
  "url": "https://fin.ai",
  "logo": "logos/intercomfin.png",
  "logoDark": false,
  "tags": [
   "AI 客服"
  ],
  "hq": "都柏林/旧金山",
  "country": "爱尔兰",
  "region": "欧洲",
  "founded": 2011,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [
   {
    "v": 400.0,
    "d": "2026-03",
    "kind": "ARR（Intercom 整体，非 Fin 单品）",
    "raw": "surpassed $400m in annual recurring revenue",
    "who": "官宣",
    "src": "https://www.siliconrepublic.com/business/intercom-eoghan-mccabe-debt-financing-hiring-jobs-ai",
    "srcName": "Silicon Republic（引公司公告）",
    "kindShort": "ARR"
   }
  ],
  "series": [
   {
    "v": 400.0,
    "d": "2026-03",
    "kind": "ARR（Intercom 整体，非 Fin 单品）",
    "raw": "surpassed $400m in annual recurring revenue",
    "who": "官宣",
    "src": "https://www.siliconrepublic.com/business/intercom-eoghan-mccabe-debt-financing-hiring-jobs-ai",
    "srcName": "Silicon Republic（引公司公告）",
    "kindShort": "ARR"
   }
  ],
  "latest": {
   "v": 400.0,
   "d": "2026-03",
   "kind": "ARR（Intercom 整体，非 Fin 单品）",
   "raw": "surpassed $400m in annual recurring revenue",
   "who": "官宣",
   "src": "https://www.siliconrepublic.com/business/intercom-eoghan-mccabe-debt-financing-hiring-jobs-ai",
   "srcName": "Silicon Republic（引公司公告）",
   "kindShort": "ARR"
  },
  "tier": "t200",
  "val": null,
  "pending": [
   {
    "raw": "Fin 单品 ARR 约 $1 亿（公司称 Fin 将达 $100m 营收，增速约 350%）",
    "src": "https://www.dragapp.com/blog/salesforce-buys-fin/",
    "why": "原文是「set to reach $100m」目标口径，约 $1 亿的现值只有二手博客；公司没单独披露 Fin 单品 ARR"
   }
  ],
  "note": "Intercom 已改名 Fin，核心产品是 Fin AI 客服智能体（$0.99/次解决）。2026-06 Salesforce 签约以约 $36 亿收购，尚待交割。注意：400 是整家公司 ARR，Fin 单品数字未披露。 非 AI 原生（2011 年成立），因已整体转为 Fin 收录。",
  "funding": [
   {
    "date": "2018-03",
    "round": "D 轮",
    "amount": "$125M",
    "lead": "Kleiner Perkins",
    "post": "约 $1.275B（LinkedIn 帖口径，第三方存在 $1.8B 等不同说法）",
    "src": "https://pitchbook.com/profiles/company/56062-99"
   },
   {
    "date": "2026-06",
    "round": "被收购",
    "amount": "约 $3.6B",
    "lead": "Salesforce（签署协议，预计 Salesforce 2027 财年 Q4 交割）",
    "post": "",
    "src": "https://www.rte.ie/news/business/2026/0615/1578570-salesforce-agrees-to-buy-irish-tech-firm-fin-for-36bn/"
   }
  ],
  "total": "D 轮前累计约 $240M（第三方 axevil 汇总）"
 },
 {
  "n": "Mistral AI",
  "co": "Mistral AI",
  "url": "https://mistral.ai",
  "logo": "logos/mistralai.png",
  "logoDark": false,
  "tags": [
   "大模型"
  ],
  "hq": "巴黎",
  "country": "法国",
  "region": "欧洲",
  "founded": 2023,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [
   {
    "v": 20.0,
    "d": "2025-02",
    "kind": "年化 run rate",
    "raw": "versus $20 million a year ago",
    "who": "创始人",
    "src": "https://www.pymnts.com/news/artificial-intelligence/2026/mistral-pushes-eu-ai-freedom-as-revenues-top-400-million/",
    "srcName": "PYMNTS（转述 Arthur Mensch 对 FT 的说法）",
    "kindShort": "年化"
   },
   {
    "v": 400.0,
    "d": "2026-02",
    "kind": "年化 run rate",
    "raw": "annualized revenue run rate was north of $400 million",
    "who": "创始人",
    "src": "https://www.pymnts.com/news/artificial-intelligence/2026/mistral-pushes-eu-ai-freedom-as-revenues-top-400-million/",
    "srcName": "PYMNTS（转述 Arthur Mensch 对 FT 的说法）",
    "kindShort": "年化"
   }
  ],
  "series": [
   {
    "v": 20.0,
    "d": "2025-02",
    "kind": "年化 run rate",
    "raw": "versus $20 million a year ago",
    "who": "创始人",
    "src": "https://www.pymnts.com/news/artificial-intelligence/2026/mistral-pushes-eu-ai-freedom-as-revenues-top-400-million/",
    "srcName": "PYMNTS（转述 Arthur Mensch 对 FT 的说法）",
    "kindShort": "年化"
   },
   {
    "v": 400.0,
    "d": "2026-02",
    "kind": "年化 run rate",
    "raw": "annualized revenue run rate was north of $400 million",
    "who": "创始人",
    "src": "https://www.pymnts.com/news/artificial-intelligence/2026/mistral-pushes-eu-ai-freedom-as-revenues-top-400-million/",
    "srcName": "PYMNTS（转述 Arthur Mensch 对 FT 的说法）",
    "kindShort": "年化"
   }
  ],
  "latest": {
   "v": 400.0,
   "d": "2026-02",
   "kind": "年化 run rate",
   "raw": "annualized revenue run rate was north of $400 million",
   "who": "创始人",
   "src": "https://www.pymnts.com/news/artificial-intelligence/2026/mistral-pushes-eu-ai-freedom-as-revenues-top-400-million/",
   "srcName": "PYMNTS（转述 Arthur Mensch 对 FT 的说法）",
   "kindShort": "年化"
  },
  "tier": "t200",
  "val": null,
  "pending": [
   {
    "raw": "2026 年 ARR 预计超 $10 亿（Mensch）；2026-09 融资 €30 亿、估值 €210 亿",
    "src": "https://www.euronews.com/2026/09/08/mistral-ai-raises-record-3-billion-in-samsung-led-funding-round",
    "why": "预测口径，不算正式点；估值为欧元未换算，未进 val"
   }
  ],
  "note": "欧洲基础模型公司，卖 API 与私有化部署；run rate 按上月收入乘 12 计。",
  "funding": [
   {
    "date": "2023-06",
    "round": "种子轮",
    "amount": "€1.05亿",
    "lead": "Lightspeed Venture Partners（Eric Schmidt、Xavier Niel、Motier Ventures 等跟投）",
    "post": "约 €2.4亿（pedaily）",
    "src": "https://www.maddyness.com/2026/07/29/contrat-xxl-avec-microsoft-investissement-a-venir-de-samsung-mistral-ai-poursuit-sa-course-aux-milliards/"
   },
   {
    "date": "2023-12",
    "round": "A 轮",
    "amount": "€3.85亿",
    "lead": "Andreessen Horowitz（Lightspeed、Salesforce、BNP Paribas、CMA CGM 跟投）",
    "post": "约 $20亿（Maddyness）",
    "src": "https://funding.tech.eu/companies/A8B90FA5-6579-4A05-9CA3-82149E78C592"
   },
   {
    "date": "2024-06",
    "round": "B 轮",
    "amount": "€6亿",
    "lead": "General Catalyst（DST Global 参与）",
    "post": "未披露",
    "src": "https://www.orrick.com/zh-TW/News/2025/09/Orrick-conseille-Mistral-AI-dans-le-cadre-de-sa-levee-de-fonds-en-Serie-C"
   },
   {
    "date": "2025-09",
    "round": "C 轮",
    "amount": "€17亿",
    "lead": "ASML（出资 €13亿；DST、a16z、Bpifrance、General Catalyst、Index、Lightspeed、Nvidia 跟投）",
    "post": "投后 €117亿",
    "src": "https://www.orrick.com/zh-TW/News/2025/09/Orrick-conseille-Mistral-AI-dans-le-cadre-de-sa-levee-de-fonds-en-Serie-C"
   },
   {
    "date": "2026-03",
    "round": "债务融资（七家银行银团）",
    "amount": "约 $8.3亿",
    "lead": "七家银行银团",
    "post": "未披露",
    "src": "https://www.tradingview.com/symbols/PRIVATE-MISTRAL/"
   },
   {
    "date": "2026-09",
    "round": "D 轮",
    "amount": "€30亿（约 $33亿）",
    "lead": "Samsung Electronics（Scaleup Europe Fund / EQT、PSG Equity 联合领投）",
    "post": "投后超 €210亿",
    "src": "https://www.euronews.com/2026/09/08/mistral-ai-raises-record-3-billion-in-samsung-led-funding-round"
   }
  ],
  "total": "累计约 €65亿（tech.eu 口径，截至 2026-10）"
 },
 {
  "n": "Dataiku",
  "co": "Dataiku",
  "url": "https://www.dataiku.com",
  "logo": "logos/dataiku.png",
  "logoDark": false,
  "tags": [
   "数据",
   "企业助手"
  ],
  "hq": "纽约",
  "country": "美国",
  "region": "北美",
  "founded": 2013,
  "status": "private",
  "owner": "",
  "ref": true,
  "pts": [
   {
    "v": 230.0,
    "d": "2023-09",
    "kind": "ARR",
    "raw": "Surpassing $230 Million in Annual Recurring Revenue",
    "who": "官宣",
    "src": "https://www.linkedin.com/posts/dataiku_today-we-announced-important-milestones-activity-7105173944457994240-mMGr",
    "srcName": "Dataiku 官方 LinkedIn",
    "kindShort": "ARR"
   },
   {
    "v": 300.0,
    "d": "2025-01",
    "kind": "ARR",
    "raw": "We've surpassed $300 million in annual recurring revenue (ARR)",
    "who": "官宣",
    "src": "https://www.linkedin.com/posts/jonathan-tudor_dataiku-ai-innovation-activity-7285702130412195841-T1GW",
    "srcName": "Dataiku 高管 LinkedIn",
    "kindShort": "ARR"
   },
   {
    "v": 350.0,
    "d": "2025-10",
    "kind": "ARR",
    "raw": "surpassed $350 million in ARR last Fall",
    "who": "官宣",
    "src": "https://kvoa.marketminute.com/article/bizwire-2026-6-1-dataiku-welcomes-maxwell-long-as-president-and-chief-revenue-officer",
    "srcName": "Business Wire（Dataiku 2026-06-01 新闻稿）",
    "kindShort": "ARR"
   }
  ],
  "series": [
   {
    "v": 230.0,
    "d": "2023-09",
    "kind": "ARR",
    "raw": "Surpassing $230 Million in Annual Recurring Revenue",
    "who": "官宣",
    "src": "https://www.linkedin.com/posts/dataiku_today-we-announced-important-milestones-activity-7105173944457994240-mMGr",
    "srcName": "Dataiku 官方 LinkedIn",
    "kindShort": "ARR"
   },
   {
    "v": 300.0,
    "d": "2025-01",
    "kind": "ARR",
    "raw": "We've surpassed $300 million in annual recurring revenue (ARR)",
    "who": "官宣",
    "src": "https://www.linkedin.com/posts/jonathan-tudor_dataiku-ai-innovation-activity-7285702130412195841-T1GW",
    "srcName": "Dataiku 高管 LinkedIn",
    "kindShort": "ARR"
   },
   {
    "v": 350.0,
    "d": "2025-10",
    "kind": "ARR",
    "raw": "surpassed $350 million in ARR last Fall",
    "who": "官宣",
    "src": "https://kvoa.marketminute.com/article/bizwire-2026-6-1-dataiku-welcomes-maxwell-long-as-president-and-chief-revenue-officer",
    "srcName": "Business Wire（Dataiku 2026-06-01 新闻稿）",
    "kindShort": "ARR"
   }
  ],
  "latest": {
   "v": 350.0,
   "d": "2025-10",
   "kind": "ARR",
   "raw": "surpassed $350 million in ARR last Fall",
   "who": "官宣",
   "src": "https://kvoa.marketminute.com/article/bizwire-2026-6-1-dataiku-welcomes-maxwell-long-as-president-and-chief-revenue-officer",
   "srcName": "Business Wire（Dataiku 2026-06-01 新闻稿）",
   "kindShort": "ARR"
  },
  "tier": "t200",
  "val": null,
  "pending": [],
  "note": "非 AI 原生（2013 成立），参考图收录。企业数据科学 / AI 平台（Platform for AI Success）。2026-06 新闻稿仍称「超过 $3.5 亿」，没有更新数字。",
  "funding": [
   {
    "date": "2021-08",
    "round": "E 轮",
    "amount": "$400M",
    "lead": "Tiger Global",
    "post": "估值 $4.6B",
    "src": "https://www.linformaticien.com/magazine/tendances/941-ia/60386-dataiku-leve-200-millions-de-dollars.html"
   },
   {
    "date": "2022-12",
    "round": "F 轮",
    "amount": "$200M",
    "lead": "Wellington Management",
    "post": "估值 $3.7B",
    "src": "https://www.linformaticien.com/magazine/tendances/941-ia/60386-dataiku-leve-200-millions-de-dollars.html"
   }
  ],
  "total": "累计约 $850M（公司口径，截至 F 轮）"
 },
 {
  "n": "Snorkel AI",
  "co": "Snorkel AI",
  "url": "https://snorkel.ai",
  "logo": "logos/snorkelai.png",
  "logoDark": false,
  "tags": [
   "数据"
  ],
  "hq": "红木城",
  "country": "美国",
  "region": "北美",
  "founded": 2019,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [
   {
    "v": 350.0,
    "d": "2026-09",
    "kind": "年化收入 run-rate",
    "raw": "annualized revenue run-rate has crossed $350 million",
    "who": "官宣",
    "src": "https://snorkel.ai/press/snorkel-ai-valued-at-3-5-billion-amid-surging-demand-for-complex-ai-training-data-2/",
    "srcName": "Snorkel 新闻稿",
    "kindShort": "年化"
   }
  ],
  "series": [
   {
    "v": 350.0,
    "d": "2026-09",
    "kind": "年化收入 run-rate",
    "raw": "annualized revenue run-rate has crossed $350 million",
    "who": "官宣",
    "src": "https://snorkel.ai/press/snorkel-ai-valued-at-3-5-billion-amid-surging-demand-for-complex-ai-training-data-2/",
    "srcName": "Snorkel 新闻稿",
    "kindShort": "年化"
   }
  ],
  "latest": {
   "v": 350.0,
   "d": "2026-09",
   "kind": "年化收入 run-rate",
   "raw": "annualized revenue run-rate has crossed $350 million",
   "who": "官宣",
   "src": "https://snorkel.ai/press/snorkel-ai-valued-at-3-5-billion-amid-surging-demand-for-complex-ai-training-data-2/",
   "srcName": "Snorkel 新闻稿",
   "kindShort": "年化"
  },
  "tier": "t200",
  "val": {
   "v": 3500.0,
   "d": "2026-09",
   "kind": "E 轮估值（$3.5 亿）",
   "src": "https://snorkel.ai/press/snorkel-ai-valued-at-3-5-billion-amid-surging-demand-for-complex-ai-training-data-2/"
  },
  "pending": [],
  "note": "数据标注软件起家，2025-09 推出数据即服务后收入从约 $2000 万年化涨到 $3.5 亿。",
  "funding": [
   {
    "date": "2021-08",
    "round": "C 轮",
    "amount": "$85M",
    "lead": "Addition（BlackRock、Greylock、GV、Lightspeed 等参与）",
    "post": "估值约 $1B",
    "src": "https://fnex.com/snorkelai-stock/"
   },
   {
    "date": "2025-05",
    "round": "D 轮",
    "amount": "$100M",
    "lead": "Addition（QBE Ventures 及老股东参与）",
    "post": "估值 $1.3B",
    "src": "https://www.finsmes.com/2025/05/snorkel-ai-raises-100m-in-series-d-funding-at-a-1-3-billion-valuation.html"
   }
  ],
  "total": "约 $235M+（FNEX 汇总）"
 },
 {
  "n": "RunPod",
  "co": "Runpod",
  "url": "https://www.runpod.io",
  "logo": "logos/runpod.png",
  "logoDark": false,
  "tags": [
   "AI Infra"
  ],
  "hq": "新泽西",
  "country": "美国",
  "region": "北美",
  "founded": 2022,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [
   {
    "v": 120.0,
    "d": "2026-01",
    "kind": "ARR",
    "raw": "company-reported ARR rose from $120M in January",
    "who": "媒体·TechCrunch",
    "src": "https://runtimewire.com/article/runpod-325m-arr-brian-erickson-cfo",
    "srcName": "RuntimeWire（引 TechCrunch 2026-01-16）",
    "kindShort": "ARR"
   },
   {
    "v": 325.0,
    "d": "2026-10",
    "kind": "ARR",
    "raw": "Runpod says it has crossed $325 million in annual recurring revenue",
    "who": "官宣",
    "src": "https://runtimewire.com/article/runpod-325m-arr-brian-erickson-cfo",
    "srcName": "RuntimeWire（引 2026-10-13 新闻稿）",
    "kindShort": "ARR"
   }
  ],
  "series": [
   {
    "v": 120.0,
    "d": "2026-01",
    "kind": "ARR",
    "raw": "company-reported ARR rose from $120M in January",
    "who": "媒体·TechCrunch",
    "src": "https://runtimewire.com/article/runpod-325m-arr-brian-erickson-cfo",
    "srcName": "RuntimeWire（引 TechCrunch 2026-01-16）",
    "kindShort": "ARR"
   },
   {
    "v": 325.0,
    "d": "2026-10",
    "kind": "ARR",
    "raw": "Runpod says it has crossed $325 million in annual recurring revenue",
    "who": "官宣",
    "src": "https://runtimewire.com/article/runpod-325m-arr-brian-erickson-cfo",
    "srcName": "RuntimeWire（引 2026-10-13 新闻稿）",
    "kindShort": "ARR"
   }
  ],
  "latest": {
   "v": 325.0,
   "d": "2026-10",
   "kind": "ARR",
   "raw": "Runpod says it has crossed $325 million in annual recurring revenue",
   "who": "官宣",
   "src": "https://runtimewire.com/article/runpod-325m-arr-brian-erickson-cfo",
   "srcName": "RuntimeWire（引 2026-10-13 新闻稿）",
   "kindShort": "ARR"
  },
  "tier": "t200",
  "val": null,
  "pending": [],
  "note": "按需 GPU 云，面向开发者。",
  "funding": [
   {
    "date": "2024-05",
    "round": "种子轮",
    "amount": "$20M",
    "lead": "Dell Technologies Capital、Intel Capital 联合领投（Nat Friedman、Julien Chaumond、Amjad Masad 等天使）",
    "post": "未披露",
    "src": "https://multiples.vc/private-comps/runpod#1"
   },
   {
    "date": "2026-06",
    "round": "A 轮",
    "amount": "$100M",
    "lead": "Summit Partners",
    "post": "投后 $10亿",
    "src": "https://siliconangle.com/2026/06/25/runpod-raises-100m-build-leading-cloud-platform-ai-developers/"
   }
  ],
  "total": "累计 $1.22亿（SiliconANGLE 口径）"
 },
 {
  "n": "Glean",
  "co": "Glean Technologies",
  "url": "https://www.glean.com",
  "logo": "logos/glean.png",
  "logoDark": false,
  "tags": [
   "企业助手"
  ],
  "hq": "帕洛阿尔托",
  "country": "美国",
  "region": "北美",
  "founded": 2019,
  "status": "private",
  "owner": "",
  "ref": true,
  "pts": [
   {
    "v": 100.0,
    "d": "2025-02",
    "kind": "ARR",
    "raw": "achieved $100 million in annual recurring revenue (ARR) in its last fiscal year",
    "who": "官宣",
    "src": "https://www.glean.com/press/glean-surpasses-200m-in-arr-for-enterprise-ai-doubling-revenue-in-nine-months",
    "srcName": "Glean 新闻稿（200M 稿内回顾 100M 里程碑，2025-02-05 公告）",
    "kindShort": "ARR"
   },
   {
    "v": 200.0,
    "d": "2025-12",
    "kind": "ARR",
    "raw": "doubled its annual recurring revenue (ARR) to $200 million",
    "who": "官宣",
    "src": "https://www.glean.com/press/glean-surpasses-200m-in-arr-for-enterprise-ai-doubling-revenue-in-nine-months",
    "srcName": "Glean 新闻稿",
    "kindShort": "ARR"
   },
   {
    "v": 300.0,
    "d": "2026-05",
    "kind": "ARR",
    "raw": "reached $300 million in annual recurring revenue (ARR), only 15 months after reaching $100 million",
    "who": "官宣",
    "src": "https://www.glean.com/press/glean-surpasses-300m-arr-unrivaled-enterprise-context-fuels-ai-adoption",
    "srcName": "Glean 新闻稿",
    "kindShort": "ARR"
   }
  ],
  "series": [
   {
    "v": 100.0,
    "d": "2025-02",
    "kind": "ARR",
    "raw": "achieved $100 million in annual recurring revenue (ARR) in its last fiscal year",
    "who": "官宣",
    "src": "https://www.glean.com/press/glean-surpasses-200m-in-arr-for-enterprise-ai-doubling-revenue-in-nine-months",
    "srcName": "Glean 新闻稿（200M 稿内回顾 100M 里程碑，2025-02-05 公告）",
    "kindShort": "ARR"
   },
   {
    "v": 200.0,
    "d": "2025-12",
    "kind": "ARR",
    "raw": "doubled its annual recurring revenue (ARR) to $200 million",
    "who": "官宣",
    "src": "https://www.glean.com/press/glean-surpasses-200m-in-arr-for-enterprise-ai-doubling-revenue-in-nine-months",
    "srcName": "Glean 新闻稿",
    "kindShort": "ARR"
   },
   {
    "v": 300.0,
    "d": "2026-05",
    "kind": "ARR",
    "raw": "reached $300 million in annual recurring revenue (ARR), only 15 months after reaching $100 million",
    "who": "官宣",
    "src": "https://www.glean.com/press/glean-surpasses-300m-arr-unrivaled-enterprise-context-fuels-ai-adoption",
    "srcName": "Glean 新闻稿",
    "kindShort": "ARR"
   }
  ],
  "latest": {
   "v": 300.0,
   "d": "2026-05",
   "kind": "ARR",
   "raw": "reached $300 million in annual recurring revenue (ARR), only 15 months after reaching $100 million",
   "who": "官宣",
   "src": "https://www.glean.com/press/glean-surpasses-300m-arr-unrivaled-enterprise-context-fuels-ai-adoption",
   "srcName": "Glean 新闻稿",
   "kindShort": "ARR"
  },
  "tier": "t200",
  "val": {
   "v": 7200.0,
   "d": "2025-06",
   "kind": "F 轮",
   "src": "https://www.tipranks.com/news/private-companies/glean-triples-ai-search-revenue-to-300m-amid-intensifying-enterprise-competition"
  },
  "pending": [],
  "note": "企业级 AI 搜索 / 工作助手（Work AI）。TechCrunch 指出其 $3 亿里程碑含用量计费部分，更接近 run-rate 而非严格 ARR。",
  "funding": [
   {
    "date": "2023-05",
    "round": "C 轮",
    "amount": "$100M",
    "lead": "Sequoia Capital",
    "post": "",
    "src": "https://news.crunchbase.com/ai/work-assistant-unicorn-startup-venture-glean/"
   },
   {
    "date": "2024-02",
    "round": "D 轮",
    "amount": "超 $200M",
    "lead": "Kleiner Perkins、Lightspeed Venture Partners",
    "post": "估值 $2.2B",
    "src": "https://news.crunchbase.com/ai/work-assistant-unicorn-startup-venture-glean/"
   },
   {
    "date": "2024-09",
    "round": "E 轮",
    "amount": "$260M",
    "lead": "未披露",
    "post": "未披露",
    "src": "https://www.hpcwire.com/aiwire//tag/glean/"
   },
   {
    "date": "2025-06",
    "round": "F 轮",
    "amount": "$150M",
    "lead": "Wellington Management（Khosla、Altimeter、Coatue、Sequoia 等跟投）",
    "post": "估值 $7.2B",
    "src": "https://www.businesswire.com/news/home/20250610090029/en/Glean-Raises-%24150M-Series-F-at-%247.2B-Valuation-to-Accelerate-Enterprise-AI-Agent-Innovation-Globally"
   }
  ],
  "total": "约 $770M（Forbes 口径，2026-04）"
 },
 {
  "n": "Suno",
  "co": "Suno, Inc.",
  "url": "https://suno.com",
  "logo": "logos/suno.png",
  "logoDark": false,
  "tags": [
   "语音音乐"
  ],
  "hq": "马萨诸塞州剑桥",
  "country": "美国",
  "region": "北美",
  "founded": 2022,
  "status": "private",
  "owner": "",
  "ref": true,
  "pts": [
   {
    "v": 50.0,
    "d": "2025-01",
    "kind": "ARR",
    "raw": "$50 million at the start of 2025 (investor pitch)",
    "who": "媒体·Billboard",
    "src": "https://www.billboard.com/pro/suno-raises-250-million-funding-menlo-ventures-valuation/",
    "srcName": "Billboard（据两位知情人）",
    "kindShort": "ARR"
   },
   {
    "v": 140.0,
    "d": "2025-09",
    "kind": "ARR",
    "raw": "$140 million in annual recurring revenue at the end of September",
    "who": "媒体·Billboard",
    "src": "https://www.billboard.com/pro/suno-raises-250-million-funding-menlo-ventures-valuation/",
    "srcName": "Billboard（据两位知情人）",
    "kindShort": "ARR"
   },
   {
    "v": 200.0,
    "d": "2025-11",
    "kind": "annual revenue",
    "raw": "hit $200 million in annual revenue, Suno told The Wall Street Journal",
    "who": "官宣",
    "src": "https://finance.yahoo.com/news/legally-embattled-ai-music-startup-192134256.html",
    "srcName": "Yahoo Finance / TechCrunch（引 WSJ）",
    "kindShort": "营收"
   },
   {
    "v": 300.0,
    "d": "2026-02",
    "kind": "ARR",
    "raw": "2M paid subscribers, $300M ARR",
    "who": "创始人",
    "src": "https://www.billboard.com/pro/suno-2-million-paid-subscribers-300m-arr-revenue/",
    "srcName": "Billboard（CEO Mikey Shulman 在 X）",
    "kindShort": "ARR"
   }
  ],
  "series": [
   {
    "v": 50.0,
    "d": "2025-01",
    "kind": "ARR",
    "raw": "$50 million at the start of 2025 (investor pitch)",
    "who": "媒体·Billboard",
    "src": "https://www.billboard.com/pro/suno-raises-250-million-funding-menlo-ventures-valuation/",
    "srcName": "Billboard（据两位知情人）",
    "kindShort": "ARR"
   },
   {
    "v": 140.0,
    "d": "2025-09",
    "kind": "ARR",
    "raw": "$140 million in annual recurring revenue at the end of September",
    "who": "媒体·Billboard",
    "src": "https://www.billboard.com/pro/suno-raises-250-million-funding-menlo-ventures-valuation/",
    "srcName": "Billboard（据两位知情人）",
    "kindShort": "ARR"
   },
   {
    "v": 300.0,
    "d": "2026-02",
    "kind": "ARR",
    "raw": "2M paid subscribers, $300M ARR",
    "who": "创始人",
    "src": "https://www.billboard.com/pro/suno-2-million-paid-subscribers-300m-arr-revenue/",
    "srcName": "Billboard（CEO Mikey Shulman 在 X）",
    "kindShort": "ARR"
   }
  ],
  "latest": {
   "v": 300.0,
   "d": "2026-02",
   "kind": "ARR",
   "raw": "2M paid subscribers, $300M ARR",
   "who": "创始人",
   "src": "https://www.billboard.com/pro/suno-2-million-paid-subscribers-300m-arr-revenue/",
   "srcName": "Billboard（CEO Mikey Shulman 在 X）",
   "kindShort": "ARR"
  },
  "tier": "t200",
  "val": {
   "v": 2450.0,
   "d": "2025-11",
   "kind": "C 轮投后",
   "src": "https://finance.yahoo.com/news/legally-embattled-ai-music-startup-192134256.html"
  },
  "pending": [
   {
    "raw": "now \"far beyond\" 2 million paid subscribers and $300 million (Bloomberg Screentime, Oct 2026)",
    "src": "https://www.musicbusinessworldwide.com/suno-is-far-beyond-2m-subscribers-and-300m-in-revenue-says-mikey-shulman-who-argues-its-good-that-ai-music-has-no-firm-rules-of-the-road-yet/",
    "why": "没有具体数字，只说远超 $300M"
   }
  ],
  "note": "AI 音乐生成。最新具体数字 $300M ARR（2026-02）；2026-10 CEO 称已「远超」该数但未给新数。",
  "funding": [
   {
    "date": "2025-11",
    "round": "C 轮",
    "amount": "$250M",
    "lead": "Menlo Ventures（NVentures、Hallwood Media、Lightspeed、Matrix 参与）",
    "post": "投后 $2.45B",
    "src": "https://suno.com/blog/series-c-announcement"
   },
   {
    "date": "2026-06",
    "round": "D 轮",
    "amount": "$400M+",
    "lead": "Bond Capital（IVP、Forerunner、Union Square Ventures、Alkeon、Quiet 参与；Matrix、Lightspeed、Menlo、Schroders 老股东参与）",
    "post": "投后 $5.4B",
    "src": "https://suno.com/blog/series-d-announcement"
   }
  ],
  "total": "未披露"
 },
 {
  "n": "Midjourney",
  "co": "Midjourney, Inc.",
  "url": "https://www.midjourney.com",
  "logo": "logos/midjourney.png",
  "logoDark": false,
  "tags": [
   "图像设计"
  ],
  "hq": "旧金山",
  "country": "美国",
  "region": "北美",
  "founded": 2021,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [
   {
    "v": 300.0,
    "d": "2024-12",
    "kind": "年营收 (FY2024, PitchBook 数据)",
    "raw": "brought in $300 million in total revenue in the 2024 fiscal year, according to PitchBook",
    "who": "媒体·Forbes",
    "src": "https://www.forbes.com/companies/midjourney/",
    "srcName": "Forbes 公司页（引 PitchBook）",
    "kindShort": "营收"
   }
  ],
  "series": [
   {
    "v": 300.0,
    "d": "2024-12",
    "kind": "年营收 (FY2024, PitchBook 数据)",
    "raw": "brought in $300 million in total revenue in the 2024 fiscal year, according to PitchBook",
    "who": "媒体·Forbes",
    "src": "https://www.forbes.com/companies/midjourney/",
    "srcName": "Forbes 公司页（引 PitchBook）",
    "kindShort": "营收"
   }
  ],
  "latest": {
   "v": 300.0,
   "d": "2024-12",
   "kind": "年营收 (FY2024, PitchBook 数据)",
   "raw": "brought in $300 million in total revenue in the 2024 fiscal year, according to PitchBook",
   "who": "媒体·Forbes",
   "src": "https://www.forbes.com/companies/midjourney/",
   "srcName": "Forbes 公司页（引 PitchBook）",
   "kindShort": "营收"
  },
  "tier": "t200",
  "val": null,
  "pending": [
   {
    "raw": "约 $500M 年化 / 2025 年营收（Sacra 等第三方估算）",
    "src": "https://valueaddvc.com/blog/how-does-midjourney-make-money-500m-arr-zero-funding-and-the-ai-image-business-model-explained",
    "why": "只有聚合站来源，公司从未披露"
   },
   {
    "raw": "annualized revenue significantly above $200 million (The Information)",
    "src": "https://www.webpronews.com/midjourneys-quiet-cash-machine-how-a-40-person-startup-blew-past-200-million-without-venture-capital/",
    "why": "转载稿，日期与原始报道对不上，未核到 The Information 原文"
   }
  ],
  "note": "AI 图像生成，未融资、订阅制。公司从未披露收入，最新可靠点为 2024 财年营收（非 ARR）。",
  "funding": [],
  "total": "无外部融资"
 },
 {
  "n": "Lovart",
  "co": "演语科技 (Evoken)",
  "url": "https://www.lovart.ai",
  "logo": "logos/lovart.png",
  "logoDark": false,
  "tags": [
   "图像设计",
   "创意工具"
  ],
  "hq": "",
  "country": "中国",
  "region": "中国",
  "founded": 2023,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [
   {
    "v": 300.0,
    "d": "2026-05",
    "kind": "ARR (集团口径)",
    "raw": "截至今年5月，其年度经常性收入（ARR）已突破3亿美元",
    "who": "官宣",
    "src": "https://www.stheadline.com/zh-hans/stock-market/3601229/%E6%BC%94%E8%AF%AD%E7%A7%91%E6%8A%80%E4%BC%A0%E6%9D%A5%E6%B8%AFIPO-%E7%8E%B0%E6%9C%89%E8%82%A1%E4%B8%9C%E5%8C%85%E6%8B%AC%E8%9A%82%E8%9A%81%E9%9B%86%E5%9B%A2%E5%8F%8A%E7%BA%A2%E6%9D%89%E4%B8%AD%E5%9B%BD",
    "srcName": "星岛头条转述 Bloomberg",
    "kindShort": "ARR"
   }
  ],
  "series": [
   {
    "v": 300.0,
    "d": "2026-05",
    "kind": "ARR (集团口径)",
    "raw": "截至今年5月，其年度经常性收入（ARR）已突破3亿美元",
    "who": "官宣",
    "src": "https://www.stheadline.com/zh-hans/stock-market/3601229/%E6%BC%94%E8%AF%AD%E7%A7%91%E6%8A%80%E4%BC%A0%E6%9D%A5%E6%B8%AFIPO-%E7%8E%B0%E6%9C%89%E8%82%A1%E4%B8%9C%E5%8C%85%E6%8B%AC%E8%9A%82%E8%9A%81%E9%9B%86%E5%9B%A2%E5%8F%8A%E7%BA%A2%E6%9D%89%E4%B8%AD%E5%9B%BD",
    "srcName": "星岛头条转述 Bloomberg",
    "kindShort": "ARR"
   }
  ],
  "latest": {
   "v": 300.0,
   "d": "2026-05",
   "kind": "ARR (集团口径)",
   "raw": "截至今年5月，其年度经常性收入（ARR）已突破3亿美元",
   "who": "官宣",
   "src": "https://www.stheadline.com/zh-hans/stock-market/3601229/%E6%BC%94%E8%AF%AD%E7%A7%91%E6%8A%80%E4%BC%A0%E6%9D%A5%E6%B8%AFIPO-%E7%8E%B0%E6%9C%89%E8%82%A1%E4%B8%9C%E5%8C%85%E6%8B%AC%E8%9A%82%E8%9A%81%E9%9B%86%E5%9B%A2%E5%8F%8A%E7%BA%A2%E6%9D%89%E4%B8%AD%E5%9B%BD",
   "srcName": "星岛头条转述 Bloomberg",
   "kindShort": "ARR"
  },
  "tier": "t200",
  "val": {
   "v": 2000.0,
   "d": "2026-06",
   "kind": "B+ 轮投后（超过）",
   "src": "https://hk.stockstar.com/IG2026080600028334.shtml"
  },
  "pending": [],
  "note": "AI 设计智能体 Lovart；数字是演语科技集团口径，含 LiblibAI、星流、LibTV，Lovart 单品未拆分。传考虑赴港 IPO。",
  "funding": [
   {
    "date": "2024-05",
    "round": "Pre-A 轮",
    "amount": "未披露",
    "lead": "明势资本",
    "post": "未披露",
    "src": "https://baike.baidu.com/item/%E9%99%88%E5%86%95/66304026"
   },
   {
    "date": "2025-10",
    "round": "B 轮",
    "amount": "$130M",
    "lead": "红杉中国、CMC、蚂蚁集团（联合领投）",
    "post": "未披露",
    "src": "https://www.c114.net.cn/industry/94079.html"
   },
   {
    "date": "2026-06",
    "round": "B+ 轮",
    "amount": "近 $300M",
    "lead": "腾讯、顺为资本、Granite Asia（联合领投；高榕、蚂蚁、红杉中国、源码、明势等追加）",
    "post": "投后超 $20 亿",
    "src": "https://www.c114.net.cn/industry/94079.html"
   }
  ],
  "total": "披露金额合计超 $4 亿美元（媒体口径，B 与 B+）"
 },
 {
  "n": "OpenEvidence",
  "co": "OpenEvidence",
  "url": "https://www.openevidence.com",
  "logo": "logos/openevidence.png",
  "logoDark": false,
  "tags": [
   "医疗",
   "AI 搜索"
  ],
  "hq": "迈阿密",
  "country": "美国",
  "region": "北美",
  "founded": 2022,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [
   {
    "v": 150.0,
    "d": "2025-12",
    "kind": "年化收入",
    "raw": "clôturé l'année 2025 avec un taux de revenus annualisés d'environ 150 millions de dollars",
    "who": "媒体·Investing.com",
    "src": "https://fr.investing.com/news/stock-market-news/openevidence-atteint-un-chiffre-daffaires-annualise-de-300-millions-de-dollars-93CH-3506025",
    "srcName": "Investing.com（转述 Bank of America 研报，引 The Information）",
    "kindShort": "年化"
   },
   {
    "v": 300.0,
    "d": "2026-07",
    "kind": "年化收入",
    "raw": "now generating around $300 million in annualized revenue",
    "who": "媒体·The Information",
    "src": "https://www.pymnts.com/news/artificial-intelligence/2026/medical-ai-startup-openevidence-weighs-200-million-funding-round/",
    "srcName": "PYMNTS（转述 The Information）",
    "kindShort": "年化"
   }
  ],
  "series": [
   {
    "v": 150.0,
    "d": "2025-12",
    "kind": "年化收入",
    "raw": "clôturé l'année 2025 avec un taux de revenus annualisés d'environ 150 millions de dollars",
    "who": "媒体·Investing.com",
    "src": "https://fr.investing.com/news/stock-market-news/openevidence-atteint-un-chiffre-daffaires-annualise-de-300-millions-de-dollars-93CH-3506025",
    "srcName": "Investing.com（转述 Bank of America 研报，引 The Information）",
    "kindShort": "年化"
   },
   {
    "v": 300.0,
    "d": "2026-07",
    "kind": "年化收入",
    "raw": "now generating around $300 million in annualized revenue",
    "who": "媒体·The Information",
    "src": "https://www.pymnts.com/news/artificial-intelligence/2026/medical-ai-startup-openevidence-weighs-200-million-funding-round/",
    "srcName": "PYMNTS（转述 The Information）",
    "kindShort": "年化"
   }
  ],
  "latest": {
   "v": 300.0,
   "d": "2026-07",
   "kind": "年化收入",
   "raw": "now generating around $300 million in annualized revenue",
   "who": "媒体·The Information",
   "src": "https://www.pymnts.com/news/artificial-intelligence/2026/medical-ai-startup-openevidence-weighs-200-million-funding-round/",
   "srcName": "PYMNTS（转述 The Information）",
   "kindShort": "年化"
  },
  "tier": "t200",
  "val": {
   "v": 15000.0,
   "d": "2026-09",
   "kind": "融资后估值（CEO 向 Becker's 确认，$2.5 亿）",
   "src": "https://www.iatrox.com/blog/can-openevidence-defend-a-15-billion-valuation-as-clinical-ai-becomes-more-competitive"
  },
  "pending": [],
  "note": "医生免费用的临床证据搜索，靠药企广告变现；The Information 称现金流持平。",
  "funding": [
   {
    "date": "2025-02",
    "round": "A 轮",
    "amount": "$75M",
    "lead": "Sequoia Capital",
    "post": "估值 $1B",
    "src": "https://www.linkedin.com/posts/kadvani_openevidence-has-reportedly-raised-about-activity-7510450796455481345-CEP0"
   },
   {
    "date": "2025-07",
    "round": "B 轮",
    "amount": "$210M",
    "lead": "GV、Kleiner Perkins 共同领投",
    "post": "估值 $3.5B",
    "src": "https://www.linkedin.com/posts/kadvani_openevidence-has-reportedly-raised-about-activity-7510450796455481345-CEP0"
   },
   {
    "date": "2025-10",
    "round": "C 轮",
    "amount": "$200M",
    "lead": "GV",
    "post": "估值 $6B",
    "src": "https://www.linkedin.com/posts/kadvani_openevidence-has-reportedly-raised-about-activity-7510450796455481345-CEP0"
   },
   {
    "date": "2026-01",
    "round": "D 轮",
    "amount": "$250M",
    "lead": "Thrive Capital、DST Global 共同领投",
    "post": "估值 $12B",
    "src": "https://finance.yahoo.com/news/openevidence-hits-12b-valuation-ai-210030963.html"
   },
   {
    "date": "2026-09",
    "round": "E 轮",
    "amount": "约 $250M（报道，公司未官宣）",
    "lead": "a16z 及医院系统等投资方（报道口径）",
    "post": "估值 $15B（报道）",
    "src": "https://clinicalaireport.com/open-evidence-valuation"
   }
  ],
  "total": "CB Insights 记录累计约 $767M（截至 D 轮时点，第三方）"
 },
 {
  "n": "Turing",
  "co": "Turing Enterprises",
  "url": "https://www.turing.com",
  "logo": "logos/turing.png",
  "logoDark": false,
  "tags": [
   "数据"
  ],
  "hq": "帕洛阿尔托",
  "country": "美国",
  "region": "北美",
  "founded": 2018,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [
   {
    "v": 167.0,
    "d": "2025-03",
    "kind": "ARR（E 轮定价时）",
    "raw": "when this latest round was priced, it stood at $167 million",
    "who": "媒体·TechCrunch",
    "src": "https://techcrunch.com/2025/03/06/turing-a-key-coding-provider-for-openai-and-other-llm-producers-raises-111m-at-a-2-2b-valuation/",
    "srcName": "TechCrunch",
    "kindShort": "ARR"
   },
   {
    "v": 300.0,
    "d": "2025-03",
    "kind": "ARR（annualized revenue run rate）",
    "raw": "Turing currently generates around $300 million in ARR",
    "who": "媒体·TechCrunch",
    "src": "https://techcrunch.com/2025/03/06/turing-a-key-coding-provider-for-openai-and-other-llm-producers-raises-111m-at-a-2-2b-valuation/",
    "srcName": "TechCrunch（文末更新）",
    "kindShort": "ARR"
   }
  ],
  "series": [
   {
    "v": 300.0,
    "d": "2025-03",
    "kind": "ARR（annualized revenue run rate）",
    "raw": "Turing currently generates around $300 million in ARR",
    "who": "媒体·TechCrunch",
    "src": "https://techcrunch.com/2025/03/06/turing-a-key-coding-provider-for-openai-and-other-llm-producers-raises-111m-at-a-2-2b-valuation/",
    "srcName": "TechCrunch（文末更新）",
    "kindShort": "ARR"
   }
  ],
  "latest": {
   "v": 300.0,
   "d": "2025-03",
   "kind": "ARR（annualized revenue run rate）",
   "raw": "Turing currently generates around $300 million in ARR",
   "who": "媒体·TechCrunch",
   "src": "https://techcrunch.com/2025/03/06/turing-a-key-coding-provider-for-openai-and-other-llm-producers-raises-111m-at-a-2-2b-valuation/",
   "srcName": "TechCrunch（文末更新）",
   "kindShort": "ARR"
  },
  "tier": "t200",
  "val": {
   "v": 2200.0,
   "d": "2025-03",
   "kind": "E 轮估值（$1.11 亿）",
   "src": "https://techcrunch.com/2025/03/06/turing-a-key-coding-provider-for-openai-and-other-llm-producers-raises-111m-at-a-2-2b-valuation/"
  },
  "pending": [
   {
    "raw": "创始人 Jonathan Siddharth 在 20VC 称 $350M ARR（2025-12）",
    "src": "https://muckrack.com/podcast/the-twenty-minute-vc-venture-capital-startup-fu/episodes/1771666-20vc-scale-surge-turing-mercor-who-wins-wh/",
    "why": "只有播客节目简介，没听到原话"
   }
  ],
  "note": "为前沿模型实验室提供编程等训练数据，公司称已盈利。",
  "funding": [
   {
    "date": "2021-12",
    "round": "D 轮",
    "amount": "未核实",
    "lead": "未披露（第三方称 WestBridge、AltaIR 为历史领投方）",
    "post": "未披露",
    "src": "https://multiples.vc/private-comps/turing#1"
   },
   {
    "date": "2025-03",
    "round": "E 轮",
    "amount": "$111M",
    "lead": "Khazanah Nasional（WestBridge、Sozo、UpHonest、AltaIR、Amino、Plug and Play 等跟投）",
    "post": "投后 $22亿",
    "src": "https://secure.businesswire.com/news/home/20250306942806/en/Turing-Gears-Up-to-Power-Next-Wave-of-AGI-with-%24111-Million-in-Series-E"
   }
  ],
  "total": "累计 $2.25亿（公司口径，含 E 轮）"
 },
 {
  "n": "Bright Data",
  "co": "Bright Data",
  "url": "https://brightdata.com",
  "logo": "logos/brightdata.png",
  "logoDark": false,
  "tags": [
   "数据"
  ],
  "hq": "",
  "country": "以色列",
  "region": "以色列",
  "founded": 2014,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [
   {
    "v": 300.0,
    "d": "2025-11",
    "kind": "ARR",
    "raw": "annual recurring revenue has passed $300 million, growing over 50% year over year",
    "who": "创始人",
    "src": "https://www.calcalistech.com/ctechnews/article/sjeyg2ezwe",
    "srcName": "CTech（转述 CEO Or Lenchner 的帖子）",
    "kindShort": "ARR"
   }
  ],
  "series": [
   {
    "v": 300.0,
    "d": "2025-11",
    "kind": "ARR",
    "raw": "annual recurring revenue has passed $300 million, growing over 50% year over year",
    "who": "创始人",
    "src": "https://www.calcalistech.com/ctechnews/article/sjeyg2ezwe",
    "srcName": "CTech（转述 CEO Or Lenchner 的帖子）",
    "kindShort": "ARR"
   }
  ],
  "latest": {
   "v": 300.0,
   "d": "2025-11",
   "kind": "ARR",
   "raw": "annual recurring revenue has passed $300 million, growing over 50% year over year",
   "who": "创始人",
   "src": "https://www.calcalistech.com/ctechnews/article/sjeyg2ezwe",
   "srcName": "CTech（转述 CEO Or Lenchner 的帖子）",
   "kindShort": "ARR"
  },
  "tier": "t200",
  "val": null,
  "pending": [],
  "note": "网页数据采集，AI 训练和智能体的数据供应商；不是 AI 原生，是被 AI 带动的数据基础设施。目标 2026 年中 $4 亿属预测，未收。",
  "funding": [
   {
    "date": "2017-08",
    "round": "控股收购（PE）",
    "amount": "$200M",
    "lead": "EMK Capital（自 Hola Networks 手中收购多数股权，当时品牌为 Luminati）",
    "post": "",
    "src": "https://asymmetrixintelligence.substack.com/p/bright-data-reaches-300m-arr-amidst"
   }
  ],
  "total": "未披露"
 },
 {
  "n": "Genspark",
  "co": "MainFunc Inc.",
  "url": "https://www.genspark.ai",
  "logo": "logos/genspark.png",
  "logoDark": false,
  "tags": [
   "通用智能体",
   "AI 搜索"
  ],
  "hq": "帕洛阿尔托",
  "country": "美国",
  "region": "北美",
  "founded": 2023,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [
   {
    "v": 100.0,
    "d": "2026-01",
    "kind": "ARR",
    "raw": "Genspark 9个月实现1亿美元年经常性收入（ARR）",
    "who": "官宣",
    "src": "https://x.com/genspark_ai/status/2010999053782564996",
    "srcName": "Genspark 官方 X 帖（经 blockchain.news 转述，原帖未直接打开）",
    "kindShort": "ARR"
   },
   {
    "v": 250.0,
    "d": "2026-04",
    "kind": "annual run rate",
    "raw": "surpasses $250 million in annual run rate in 12 months",
    "who": "官宣",
    "src": "https://www.businesswirenews.com/news/home/20260408545044/en/Genspark-Launches-Genspark-Claw-for-Desktop-and-Microsoft-Office-Integration-with-AI-Workspace-4.0-Bringing-AI-to-Local-Files-and-Everyday-Work-Apps",
    "srcName": "Genspark 新闻稿（Business Wire）",
    "kindShort": "年化"
   }
  ],
  "series": [
   {
    "v": 100.0,
    "d": "2026-01",
    "kind": "ARR",
    "raw": "Genspark 9个月实现1亿美元年经常性收入（ARR）",
    "who": "官宣",
    "src": "https://x.com/genspark_ai/status/2010999053782564996",
    "srcName": "Genspark 官方 X 帖（经 blockchain.news 转述，原帖未直接打开）",
    "kindShort": "ARR"
   },
   {
    "v": 250.0,
    "d": "2026-04",
    "kind": "annual run rate",
    "raw": "surpasses $250 million in annual run rate in 12 months",
    "who": "官宣",
    "src": "https://www.businesswirenews.com/news/home/20260408545044/en/Genspark-Launches-Genspark-Claw-for-Desktop-and-Microsoft-Office-Integration-with-AI-Workspace-4.0-Bringing-AI-to-Local-Files-and-Everyday-Work-Apps",
    "srcName": "Genspark 新闻稿（Business Wire）",
    "kindShort": "年化"
   }
  ],
  "latest": {
   "v": 250.0,
   "d": "2026-04",
   "kind": "annual run rate",
   "raw": "surpasses $250 million in annual run rate in 12 months",
   "who": "官宣",
   "src": "https://www.businesswirenews.com/news/home/20260408545044/en/Genspark-Launches-Genspark-Claw-for-Desktop-and-Microsoft-Office-Integration-with-AI-Workspace-4.0-Bringing-AI-to-Local-Files-and-Everyday-Work-Apps",
   "srcName": "Genspark 新闻稿（Business Wire）",
   "kindShort": "年化"
  },
  "tier": "t200",
  "val": {
   "v": 2600.0,
   "d": "2026-06",
   "kind": "B 轮扩展后",
   "src": "https://www.channelnewsasia.com/business/ai-startup-genspark-valued-26-billion-in-latest-funding-round-6190486"
  },
  "pending": [],
  "note": "AI 智能体工作区（Super Agent），由 AI 搜索转型；Reuters 称 2026 年 Q1 新增 $150M ARR。",
  "funding": [
   {
    "date": "2024-06",
    "round": "种子轮",
    "amount": "$60M",
    "lead": "蓝驰创投（Lanchi Ventures）",
    "post": "估值约 $260M",
    "src": "https://wenjiai.cn/products/genspark"
   },
   {
    "date": "2025-02",
    "round": "A 轮",
    "amount": "$100M",
    "lead": "未披露",
    "post": "估值约 $530M（媒体口径）",
    "src": "https://app.uselegion.com/c/genspark-45a4"
   },
   {
    "date": "2025-11",
    "round": "B 轮",
    "amount": "$275M",
    "lead": "Emergence Capital（LG Technology Ventures、SBI Investment、Pavilion 等参与）",
    "post": "投后 $1.25B",
    "src": "https://plainai.tech/articles/who-owns-genspark-ai-the-company-the-founders-and-the-1b-story-behind-it"
   },
   {
    "date": "2026-03",
    "round": "B 轮追加",
    "amount": "$385M（uselegion 口径）",
    "lead": "未披露",
    "post": "估值 $1.9B（uselegion）",
    "src": "https://app.uselegion.com/c/genspark-45a4"
   },
   {
    "date": "2026-06",
    "round": "B 轮追加",
    "amount": "$100M",
    "lead": "未披露",
    "post": "投后 $2.6B",
    "src": "https://plainai.tech/founders/wen-sang"
   }
  ],
  "total": "未披露（PitchBook 记 Series B 合计 $485M）"
 },
 {
  "n": "Cohere",
  "co": "Cohere Inc.",
  "url": "https://cohere.com",
  "logo": "logos/cohere.png",
  "logoDark": false,
  "tags": [
   "大模型",
   "企业助手"
  ],
  "hq": "多伦多",
  "country": "加拿大",
  "region": "北美",
  "founded": 2019,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [
   {
    "v": 240.0,
    "d": "2025-12",
    "kind": "ARR",
    "raw": "hit roughly $240 million in annual recurring revenue last year, surpassing its $200 million target",
    "who": "媒体·CNBC",
    "src": "https://www.cnbc.com/amp/2026/02/13/ai-startup-cohere-revenue-ipo.html",
    "srcName": "CNBC（引 2026-02 投资人备忘录）",
    "kindShort": "ARR"
   }
  ],
  "series": [
   {
    "v": 240.0,
    "d": "2025-12",
    "kind": "ARR",
    "raw": "hit roughly $240 million in annual recurring revenue last year, surpassing its $200 million target",
    "who": "媒体·CNBC",
    "src": "https://www.cnbc.com/amp/2026/02/13/ai-startup-cohere-revenue-ipo.html",
    "srcName": "CNBC（引 2026-02 投资人备忘录）",
    "kindShort": "ARR"
   }
  ],
  "latest": {
   "v": 240.0,
   "d": "2025-12",
   "kind": "ARR",
   "raw": "hit roughly $240 million in annual recurring revenue last year, surpassing its $200 million target",
   "who": "媒体·CNBC",
   "src": "https://www.cnbc.com/amp/2026/02/13/ai-startup-cohere-revenue-ipo.html",
   "srcName": "CNBC（引 2026-02 投资人备忘录）",
   "kindShort": "ARR"
  },
  "tier": "t200",
  "val": null,
  "pending": [
   {
    "raw": "2026 年 ARR 约 $5 亿",
    "src": "https://clinkbill.com/arr-leaderboard/cohere",
    "why": "只有聚合站估算"
   }
  ],
  "note": "面向企业与政府的私有化大模型。",
  "funding": [
   {
    "date": "2023-06",
    "round": "C 轮",
    "amount": "$270M",
    "lead": "Inovia Capital（Oracle、Nvidia、Salesforce Ventures 等跟投）",
    "post": "投后 $22亿",
    "src": "https://multiples.vc/private-comps/cohere#1"
   },
   {
    "date": "2024-07",
    "round": "D 轮",
    "amount": "$500M",
    "lead": "PSP Investments（Cisco、AMD Ventures、Fujitsu、EDC 跟投）",
    "post": "投后 $55亿",
    "src": "https://www.revenuememo.com/p/cohere-funding"
   },
   {
    "date": "2025-08",
    "round": "融资（未命名轮次）",
    "amount": "$500M",
    "lead": "Radical Ventures、Inovia Capital 联合领投（AMD Ventures、NVentures、PSP、Salesforce Ventures、HOOPP 跟投）",
    "post": "约 $68亿",
    "src": "https://index.canadianai.tech/companies/cohere/"
   },
   {
    "date": "2025-09",
    "round": "同轮二次交割",
    "amount": "$100M",
    "lead": "未披露（新进 BDC、Nexxus Capital；Inovia、Radical、Nvidia、AMD 追加）",
    "post": "约 $70亿",
    "src": "https://index.canadianai.tech/companies/cohere/"
   },
   {
    "date": "2026-04",
    "round": "并购 Aleph Alpha + 新融资",
    "amount": "Schwarz Group 承诺 $7.8亿领投（本轮目标 $70亿）",
    "lead": "Schwarz Group",
    "post": "合并后约 $200亿",
    "src": "https://www.cbc.ca/news/business/canada-cohere-ai-investment-9.7401367"
   },
   {
    "date": "2026-10",
    "round": "进行中（目标 $70亿，尚未宣布完成）",
    "amount": "加拿大政府最高 C$16亿 入股，加入 Schwarz 领投的轮次",
    "lead": "Schwarz Group（加拿大政府参与）",
    "post": "约 $360亿",
    "src": "https://www.cbc.ca/news/business/canada-cohere-ai-investment-9.7401367"
   }
  ],
  "total": "累计约 $16亿（Futurum 口径，截至 2025-09，不含 2026 年轮次）"
 },
 {
  "n": "Magnific",
  "co": "Magnific (原 Freepik)",
  "url": "https://www.magnific.com",
  "logo": "logos/magnific.png",
  "logoDark": false,
  "tags": [
   "图像设计",
   "创意工具"
  ],
  "hq": "马拉加",
  "country": "西班牙",
  "region": "欧洲",
  "founded": 2010,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [
   {
    "v": 230.0,
    "d": "2026-04",
    "kind": "ARR",
    "raw": "$230 million in annualised recurring revenue; 1M+ paying subscribers, 250+ enterprise customers",
    "who": "媒体·Fortune",
    "src": "https://fortune.com/2026/04/28/freepik-magnific-joaquin-cuenca-abela-230-million-arr-video-generation-ai-pivot/",
    "srcName": "Fortune（CEO Joaquín Cuenca Abela 专访）",
    "kindShort": "ARR"
   }
  ],
  "series": [
   {
    "v": 230.0,
    "d": "2026-04",
    "kind": "ARR",
    "raw": "$230 million in annualised recurring revenue; 1M+ paying subscribers, 250+ enterprise customers",
    "who": "媒体·Fortune",
    "src": "https://fortune.com/2026/04/28/freepik-magnific-joaquin-cuenca-abela-230-million-arr-video-generation-ai-pivot/",
    "srcName": "Fortune（CEO Joaquín Cuenca Abela 专访）",
    "kindShort": "ARR"
   }
  ],
  "latest": {
   "v": 230.0,
   "d": "2026-04",
   "kind": "ARR",
   "raw": "$230 million in annualised recurring revenue; 1M+ paying subscribers, 250+ enterprise customers",
   "who": "媒体·Fortune",
   "src": "https://fortune.com/2026/04/28/freepik-magnific-joaquin-cuenca-abela-230-million-arr-video-generation-ai-pivot/",
   "srcName": "Fortune（CEO Joaquín Cuenca Abela 专访）",
   "kindShort": "ARR"
  },
  "tier": "t200",
  "val": null,
  "pending": [],
  "note": "Freepik 于 2026-04-28 改名 Magnific，整合素材库 + AI 图像/视频生成与放大；零外部融资、盈利。素材库起家的老公司，AI 转型，非纯 AI 原生。",
  "funding": [
   {
    "date": "2020-05",
    "round": "控股收购（非新增融资）",
    "amount": "未披露",
    "lead": "EQT（取得约 53% 控股权，西班牙媒体 Expansión）",
    "post": "未披露",
    "src": "https://www.expansion.com/economia-digital/companias/2026/04/28/69f0a1c0e5fdea04588b4581.html"
   }
  ],
  "total": "未披露（无风险投资轮次，创始人称未融过一美元风投）"
 },
 {
  "n": "HeyGen",
  "co": "HeyGen",
  "url": "https://www.heygen.com",
  "logo": "logos/heygen.png",
  "logoDark": false,
  "tags": [
   "视频生成"
  ],
  "hq": "洛杉矶",
  "country": "美国",
  "region": "北美",
  "founded": 2020,
  "status": "private",
  "owner": "",
  "ref": true,
  "pts": [
   {
    "v": 100.0,
    "d": "2025-10",
    "kind": "ARR",
    "raw": "said it has grown to $100 million in recurring revenue",
    "who": "官宣",
    "src": "https://www.forbes.com/sites/annatong/2025/11/06/heygen-rides-the-ai-video-boom-rocket/",
    "srcName": "Forbes（CEO Joshua Xu；10 月同步发 LinkedIn）",
    "kindShort": "ARR"
   },
   {
    "v": 200.0,
    "d": "2026-06",
    "kind": "ARR",
    "raw": "surpassed $200 million in annual recurring revenue, doubling in eight months",
    "who": "官宣",
    "src": "https://www.heygen.com/blog/heygen-surpasses-200m-arr",
    "srcName": "HeyGen 官方博客 / Business Wire（2026-06-25）",
    "kindShort": "ARR"
   }
  ],
  "series": [
   {
    "v": 100.0,
    "d": "2025-10",
    "kind": "ARR",
    "raw": "said it has grown to $100 million in recurring revenue",
    "who": "官宣",
    "src": "https://www.forbes.com/sites/annatong/2025/11/06/heygen-rides-the-ai-video-boom-rocket/",
    "srcName": "Forbes（CEO Joshua Xu；10 月同步发 LinkedIn）",
    "kindShort": "ARR"
   },
   {
    "v": 200.0,
    "d": "2026-06",
    "kind": "ARR",
    "raw": "surpassed $200 million in annual recurring revenue, doubling in eight months",
    "who": "官宣",
    "src": "https://www.heygen.com/blog/heygen-surpasses-200m-arr",
    "srcName": "HeyGen 官方博客 / Business Wire（2026-06-25）",
    "kindShort": "ARR"
   }
  ],
  "latest": {
   "v": 200.0,
   "d": "2026-06",
   "kind": "ARR",
   "raw": "surpassed $200 million in annual recurring revenue, doubling in eight months",
   "who": "官宣",
   "src": "https://www.heygen.com/blog/heygen-surpasses-200m-arr",
   "srcName": "HeyGen 官方博客 / Business Wire（2026-06-25）",
   "kindShort": "ARR"
  },
  "tier": "t200",
  "val": null,
  "pending": [],
  "note": "AI 数字人视频平台（Avatar V）。公司称 2026 年前几个月现金流持平，约 $2.70 ARR / 每美元股权融资。",
  "funding": [
   {
    "date": "2023-11",
    "round": "A 轮（首期）",
    "amount": "约 $5.6M",
    "lead": "Conviction、Benchmark",
    "post": "未披露",
    "src": "https://tracxn.com/d/companies/heygen/__P9ntSZJZGrYxYW3EjY13X-Z2YEpHcCPx1Glu86tKclA/funding-and-investors"
   },
   {
    "date": "2024-06",
    "round": "A 轮",
    "amount": "$60M",
    "lead": "Benchmark（Thrive Capital、BOND、Conviction 等跟投）",
    "post": "投后约 $500M（第三方估算）",
    "src": "https://www.caplight.com/company/heygen"
   }
  ],
  "total": "约 $65.6M（Tracxn 口径）"
 },
 {
  "n": "EliseAI",
  "co": "EliseAI",
  "url": "https://www.eliseai.com",
  "logo": "logos/eliseai.png",
  "logoDark": false,
  "tags": [
   "AI 客服",
   "其他"
  ],
  "hq": "纽约",
  "country": "美国",
  "region": "北美",
  "founded": 2017,
  "status": "private",
  "owner": "",
  "ref": true,
  "pts": [
   {
    "v": 200.0,
    "d": "2026-06",
    "kind": "ARR",
    "raw": "passed $200 million in annual recurring revenue (ARR), achieving 100% year-over-year growth for the fifth consecutive year",
    "who": "官宣",
    "src": "https://eliseai.com/blog/eliseai-hits-200m-arr-after-five-consecutive-years-of-100-growth-across-housing-and-healthcare",
    "srcName": "EliseAI 官方博客（2026-06-10）",
    "kindShort": "ARR"
   }
  ],
  "series": [
   {
    "v": 200.0,
    "d": "2026-06",
    "kind": "ARR",
    "raw": "passed $200 million in annual recurring revenue (ARR), achieving 100% year-over-year growth for the fifth consecutive year",
    "who": "官宣",
    "src": "https://eliseai.com/blog/eliseai-hits-200m-arr-after-five-consecutive-years-of-100-growth-across-housing-and-healthcare",
    "srcName": "EliseAI 官方博客（2026-06-10）",
    "kindShort": "ARR"
   }
  ],
  "latest": {
   "v": 200.0,
   "d": "2026-06",
   "kind": "ARR",
   "raw": "passed $200 million in annual recurring revenue (ARR), achieving 100% year-over-year growth for the fifth consecutive year",
   "who": "官宣",
   "src": "https://eliseai.com/blog/eliseai-hits-200m-arr-after-five-consecutive-years-of-100-growth-across-housing-and-healthcare",
   "srcName": "EliseAI 官方博客（2026-06-10）",
   "kindShort": "ARR"
  },
  "tier": "t200",
  "val": {
   "v": 4000.0,
   "d": "2026-09",
   "kind": "$350M 一轮（a16z、Bessemer 领投）",
   "src": "https://finance.yahoo.com/technology/ai/articles/a16z-backed-eliseai-raises-350m-215136476.html"
  },
  "pending": [],
  "note": "给住房（公寓租赁）和医疗做行政与运营自动化的垂直 AI，覆盖全美约六分之一公寓。2017 年成立、连续五年收入翻倍。",
  "funding": [
   {
    "date": "2024-08",
    "round": "D 轮",
    "amount": "$75M",
    "lead": "未披露",
    "post": "未披露",
    "src": "https://www.fiercehealthcare.com/ai-and-machine-learning/eliseai-banks-250m-a16z-bessemer-venture-partners-grow-its-healthcare"
   },
   {
    "date": "2025-08",
    "round": "E 轮",
    "amount": "$250M",
    "lead": "Andreessen Horowitz（Bessemer 新进，Sapphire、Navitas 参与）",
    "post": "估值超 $2.2B",
    "src": "https://www.fiercehealthcare.com/ai-and-machine-learning/eliseai-banks-250m-a16z-bessemer-venture-partners-grow-its-healthcare"
   },
   {
    "date": "2026-09",
    "round": "F 轮",
    "amount": "$350M",
    "lead": "Andreessen Horowitz、Bessemer Venture Partners 共同领投（Ontario Teachers'、Sapphire、Navitas 参与）",
    "post": "估值 $4B",
    "src": "https://techfundingnews.com/eliseai-raises-350m-at-4b-valuation-from-a16z-and-bessemer-to-automate-housing-and-healthcare/"
   }
  ],
  "total": "CB Insights 记录累计约 $772M（第三方）"
 },
 {
  "n": "Runway",
  "co": "Runway AI, Inc.",
  "url": "https://runwayml.com",
  "logo": "logos/runway.png",
  "logoDark": false,
  "tags": [
   "视频生成"
  ],
  "hq": "纽约",
  "country": "美国",
  "region": "北美",
  "founded": 2018,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [
   {
    "v": 100.0,
    "d": "2026-04",
    "kind": "ARR",
    "raw": "ARR surpassed $200 million last week, up from $100 million in April",
    "who": "创始人",
    "src": "https://en.theblockbeats.news/flash/366132",
    "srcName": "BlockBeats 转述联席 CEO Germanidis",
    "kindShort": "ARR"
   },
   {
    "v": 200.0,
    "d": "2026-09",
    "kind": "ARR",
    "raw": "annual recurring revenue hit $200 million in September",
    "who": "创始人",
    "src": "https://www.bloomberg.com/news/articles/2026-09-08/ai-startup-runway-hits-200-million-in-annual-recurring-revenue",
    "srcName": "Bloomberg 采访联席 CEO",
    "kindShort": "ARR"
   }
  ],
  "series": [
   {
    "v": 100.0,
    "d": "2026-04",
    "kind": "ARR",
    "raw": "ARR surpassed $200 million last week, up from $100 million in April",
    "who": "创始人",
    "src": "https://en.theblockbeats.news/flash/366132",
    "srcName": "BlockBeats 转述联席 CEO Germanidis",
    "kindShort": "ARR"
   },
   {
    "v": 200.0,
    "d": "2026-09",
    "kind": "ARR",
    "raw": "annual recurring revenue hit $200 million in September",
    "who": "创始人",
    "src": "https://www.bloomberg.com/news/articles/2026-09-08/ai-startup-runway-hits-200-million-in-annual-recurring-revenue",
    "srcName": "Bloomberg 采访联席 CEO",
    "kindShort": "ARR"
   }
  ],
  "latest": {
   "v": 200.0,
   "d": "2026-09",
   "kind": "ARR",
   "raw": "annual recurring revenue hit $200 million in September",
   "who": "创始人",
   "src": "https://www.bloomberg.com/news/articles/2026-09-08/ai-startup-runway-hits-200-million-in-annual-recurring-revenue",
   "srcName": "Bloomberg 采访联席 CEO",
   "kindShort": "ARR"
  },
  "tier": "t200",
  "val": {
   "v": 5300.0,
   "d": "2026-02",
   "kind": "E 轮投后",
   "src": "https://www.chinaz.com/ainews/30917.shtml"
  },
  "pending": [],
  "note": "AI 视频生成与世界模型；Bloomberg 称预计年底 ARR 超 $350M（预测，不计入）。",
  "funding": [
   {
    "date": "2023-06",
    "round": "C 轮",
    "amount": "$141M",
    "lead": "Google（Nvidia、Salesforce Ventures 参与）",
    "post": "$15亿",
    "src": "https://www.fobi.com/creative-tools/companies/runway"
   },
   {
    "date": "2025-04",
    "round": "D 轮",
    "amount": "$308M",
    "lead": "General Atlantic（Baillie Gifford、Fidelity、Nvidia、SoftBank 跟投）",
    "post": "约 $30亿",
    "src": "https://variety.com/2025/digital/news/ai-runway-raises-308-million-funding-valuation-1236358677/"
   },
   {
    "date": "2026-02",
    "round": "E 轮",
    "amount": "$315M",
    "lead": "General Atlantic（Nvidia、Fidelity、AllianceBernstein、Mirae、Felicis、Premji、AMD Ventures、Adobe Ventures 跟投）",
    "post": "约 $53亿（Bloomberg 援引知情人士）",
    "src": "https://www.bloomberg.com/news/articles/2026-02-10/ai-video-startup-runway-valued-at-5-3-billion-with-new-funding"
   }
  ],
  "total": "未披露（第三方口径不一：$7亿 / $9.33亿）"
 },
 {
  "n": "Legora",
  "co": "Legora",
  "url": "https://legora.com",
  "logo": "logos/legora.png",
  "logoDark": false,
  "tags": [
   "法律"
  ],
  "hq": "斯德哥尔摩",
  "country": "瑞典",
  "region": "欧洲",
  "founded": 2023,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [
   {
    "v": 200.0,
    "d": "2026-10",
    "kind": "ARR",
    "raw": "We have passed $200m in ARR",
    "who": "官宣",
    "src": "https://www.legalbusiness.co.uk/law-firms/legora-raises-550m-at-8-8bn-valuation-in-latest-funding-round/",
    "srcName": "Legal Business（引 CFO David Eckstein）",
    "kindShort": "ARR"
   }
  ],
  "series": [
   {
    "v": 200.0,
    "d": "2026-10",
    "kind": "ARR",
    "raw": "We have passed $200m in ARR",
    "who": "官宣",
    "src": "https://www.legalbusiness.co.uk/law-firms/legora-raises-550m-at-8-8bn-valuation-in-latest-funding-round/",
    "srcName": "Legal Business（引 CFO David Eckstein）",
    "kindShort": "ARR"
   }
  ],
  "latest": {
   "v": 200.0,
   "d": "2026-10",
   "kind": "ARR",
   "raw": "We have passed $200m in ARR",
   "who": "官宣",
   "src": "https://www.legalbusiness.co.uk/law-firms/legora-raises-550m-at-8-8bn-valuation-in-latest-funding-round/",
   "srcName": "Legal Business（引 CFO David Eckstein）",
   "kindShort": "ARR"
  },
  "tier": "t200",
  "val": {
   "v": 8800.0,
   "d": "2026-10",
   "kind": "E 轮投后（$5.5 亿）",
   "src": "https://dealroom.co/news/164722-legora-raises-550m-at-8-8b-as-legal-ai-becomes-a-two-horse-race-with-har/"
  },
  "pending": [],
  "note": "律所用的 AI 工作台，公司称 $100M ARR 用了不到 18 个月、下一个 $100M 不到 6 个月。",
  "funding": [
   {
    "date": "2025-10",
    "round": "C 轮",
    "amount": "$150M",
    "lead": "未披露",
    "post": "估值 $1.8B",
    "src": "https://news.crunchbase.com/venture/unicorn-legal-tech-ai-startup-legora-triples-valuation/"
   },
   {
    "date": "2026-03",
    "round": "D 轮",
    "amount": "$550M",
    "lead": "Accel（Benchmark、Bessemer、General Catalyst、ICONIQ、Redpoint、Bain Capital、Menlo、Salesforce Ventures 参与）",
    "post": "投后 $5.55B",
    "src": "https://news.crunchbase.com/venture/unicorn-legal-tech-ai-startup-legora-triples-valuation/"
   },
   {
    "date": "2026-04",
    "round": "D 轮追加",
    "amount": "$50M",
    "lead": "Nvidia NVentures（Atlassian、Adams Street、Insight 参与）",
    "post": "约 $5.6B",
    "src": "https://aifunding.me/companies/legora"
   },
   {
    "date": "2026-10",
    "round": "新一轮（据报道）",
    "amount": "$550M",
    "lead": "未披露",
    "post": "估值 $8.8B",
    "src": "https://www.ctol.digital/news/legora-series-e-8-8-billion-valuation-per-customer/"
   }
  ],
  "total": "未披露（Crunchbase 记至 D 轮累计 $816M）"
 },
 {
  "n": "Supabase",
  "co": "Supabase",
  "url": "https://supabase.com",
  "logo": "logos/supabase.png",
  "logoDark": false,
  "tags": [
   "AI Infra"
  ],
  "hq": "旧金山",
  "country": "美国",
  "region": "北美",
  "founded": 2020,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [
   {
    "v": 101.0,
    "d": "2025-12",
    "kind": "ARR",
    "raw": "~$101M (end of 2025)",
    "who": "Sacra 估算",
    "src": "https://sacra.com/c/supabase/",
    "srcName": "Sacra",
    "kindShort": "ARR"
   },
   {
    "v": 170.0,
    "d": "2026-05",
    "kind": "ARR",
    "raw": "$170M, per Sacra's estimate",
    "who": "Sacra 估算",
    "src": "https://sacra.com/c/supabase/",
    "srcName": "Sacra",
    "kindShort": "ARR"
   }
  ],
  "series": [
   {
    "v": 101.0,
    "d": "2025-12",
    "kind": "ARR",
    "raw": "~$101M (end of 2025)",
    "who": "Sacra 估算",
    "src": "https://sacra.com/c/supabase/",
    "srcName": "Sacra",
    "kindShort": "ARR"
   },
   {
    "v": 170.0,
    "d": "2026-05",
    "kind": "ARR",
    "raw": "$170M, per Sacra's estimate",
    "who": "Sacra 估算",
    "src": "https://sacra.com/c/supabase/",
    "srcName": "Sacra",
    "kindShort": "ARR"
   }
  ],
  "latest": {
   "v": 170.0,
   "d": "2026-05",
   "kind": "ARR",
   "raw": "$170M, per Sacra's estimate",
   "who": "Sacra 估算",
   "src": "https://sacra.com/c/supabase/",
   "srcName": "Sacra",
   "kindShort": "ARR"
  },
  "tier": "t100",
  "val": {
   "v": 10500.0,
   "d": "2026-06",
   "kind": "F 轮投后（$5 亿，GIC 领投）",
   "src": "https://sacra.com/c/supabase/"
  },
  "pending": [],
  "note": "开源 Postgres 后端平台，不是 AI 原生，但被 AI 编程工具带火（新建数据库六成由 AI 工具发起）。",
  "funding": [
   {
    "date": "2025-04",
    "round": "D 轮",
    "amount": "$200M",
    "lead": "Accel（Felicis、Coatue、Craft Ventures、Y Combinator 参与）",
    "post": "估值 $2B",
    "src": "https://seedtable.com/companies/supabase/funding-rounds/series-d-2025-04"
   },
   {
    "date": "2025-10",
    "round": "E 轮",
    "amount": "$100M",
    "lead": "Accel、Peak XV 共同领投（Figma Ventures 新进）",
    "post": "估值 $5B",
    "src": "https://www.reuters.com/business/database-startup-supabase-notches-5-billion-valuation-funding-round-2025-10-03/"
   },
   {
    "date": "2026-06",
    "round": "F 轮",
    "amount": "$500M",
    "lead": "未披露",
    "post": "投后 $10.5B",
    "src": "https://seedtable.com/companies/supabase/funding-rounds/series-d-2025-04"
   },
   {
    "date": "2026-10",
    "round": "追加",
    "amount": "$150M",
    "lead": "GIC",
    "post": "未披露",
    "src": "https://seedtable.com/companies/supabase/funding-rounds/series-d-2025-04"
   }
  ],
  "total": "2025-10 时累计超 $500M（路透）；之后 F 轮及 GIC 追加另计"
 },
 {
  "n": "Synthesia",
  "co": "Synthesia",
  "url": "https://www.synthesia.io",
  "logo": "logos/synthesia.png",
  "logoDark": false,
  "tags": [
   "视频生成",
   "企业助手"
  ],
  "hq": "伦敦",
  "country": "英国",
  "region": "欧洲",
  "founded": 2017,
  "status": "private",
  "owner": "",
  "ref": true,
  "pts": [
   {
    "v": 100.0,
    "d": "2025-04",
    "kind": "ARR",
    "raw": "crossed $100 million in annual recurring revenue (ARR) in April 2025",
    "who": "官宣",
    "src": "https://techcrunch.com/2026/01/26/synthesia-hits-4b-valuation-lets-employees-cash-in/",
    "srcName": "TechCrunch",
    "kindShort": "ARR"
   },
   {
    "v": 150.0,
    "d": "2026-01",
    "kind": "ARR",
    "raw": "revenue has gone from $100 million in April to over $150 million in annual recurring revenue",
    "who": "媒体·eWEEK",
    "src": "https://www.eweek.com/news/synthesia-january-2026-funding/",
    "srcName": "eWEEK（Series E 公告期）",
    "kindShort": "ARR"
   }
  ],
  "series": [
   {
    "v": 100.0,
    "d": "2025-04",
    "kind": "ARR",
    "raw": "crossed $100 million in annual recurring revenue (ARR) in April 2025",
    "who": "官宣",
    "src": "https://techcrunch.com/2026/01/26/synthesia-hits-4b-valuation-lets-employees-cash-in/",
    "srcName": "TechCrunch",
    "kindShort": "ARR"
   },
   {
    "v": 150.0,
    "d": "2026-01",
    "kind": "ARR",
    "raw": "revenue has gone from $100 million in April to over $150 million in annual recurring revenue",
    "who": "媒体·eWEEK",
    "src": "https://www.eweek.com/news/synthesia-january-2026-funding/",
    "srcName": "eWEEK（Series E 公告期）",
    "kindShort": "ARR"
   }
  ],
  "latest": {
   "v": 150.0,
   "d": "2026-01",
   "kind": "ARR",
   "raw": "revenue has gone from $100 million in April to over $150 million in annual recurring revenue",
   "who": "媒体·eWEEK",
   "src": "https://www.eweek.com/news/synthesia-january-2026-funding/",
   "srcName": "eWEEK（Series E 公告期）",
   "kindShort": "ARR"
  },
  "tier": "t100",
  "val": {
   "v": 4000.0,
   "d": "2026-01",
   "kind": "E 轮投后",
   "src": "https://techcrunch.com/2026/01/26/synthesia-hits-4b-valuation-lets-employees-cash-in/"
  },
  "pending": [
   {
    "raw": "expects to pass $200M ARR in 2026",
    "src": "https://www.gurufocus.com/news/8550146/alphabet-nvidia-back-synthesia-in-200-million-funding-at-4-billion-valuation",
    "why": "预期值"
   }
  ],
  "note": "企业培训用 AI 数字人视频平台。2026 年 1 月后未再披露新的 ARR。",
  "funding": [
   {
    "date": "2023-06",
    "round": "C 轮",
    "amount": "$90M",
    "lead": "Accel（Nvidia、Kleiner Perkins、GV、MMC 参与）",
    "post": "$10亿",
    "src": "https://www.ldv.co/blog/tag/Steffen+Tjerrild"
   },
   {
    "date": "2025-01",
    "round": "D 轮",
    "amount": "$180M",
    "lead": "NEA（GV、MMC、FirstMark、WiL、Atlassian Ventures、PSP Growth 跟投）",
    "post": "$21亿",
    "src": "https://finance.yahoo.com/news/synthesia-secures-180m-ai-video-101630300.html"
   },
   {
    "date": "2025-04",
    "round": "战略投资",
    "amount": "未披露",
    "lead": "Adobe Ventures",
    "post": "未披露",
    "src": "https://www.ldv.co/blog/tag/Steffen+Tjerrild"
   },
   {
    "date": "2026-01",
    "round": "E 轮",
    "amount": "$200M（其中一部分为员工股份出售）",
    "lead": "GV（Evantic、Hedosophia 新进；NVentures、Accel、Kleiner、NEA 跟投）",
    "post": "$40亿",
    "src": "https://www.synthesia.io/post/series-e-200-million-4-billion-valuation-future-work"
   }
  ],
  "total": "累计超 $3亿（Seedcamp 口径，含 E 轮）"
 },
 {
  "n": "Base44",
  "co": "Wix",
  "url": "https://base44.com",
  "logo": "logos/base44.png",
  "logoDark": false,
  "tags": [
   "AI 编程"
  ],
  "hq": "特拉维夫",
  "country": "以色列",
  "region": "以色列",
  "founded": 2025,
  "status": "acquired",
  "owner": "Wix.com",
  "ref": false,
  "pts": [
   {
    "v": 100.0,
    "d": "2026-03",
    "kind": "ARR",
    "raw": "$100 million of ARR achieved in early March",
    "who": "官宣",
    "src": "https://www.fool.com/earnings/call-transcripts/2026/05/13/wixcom-wix-q1-2026-earnings-call-transcript/",
    "srcName": "Wix 2026Q1 业绩会",
    "kindShort": "ARR"
   },
   {
    "v": 150.0,
    "d": "2026-05",
    "kind": "ARR",
    "raw": "BASE44 achieved $150 million in ARR in mid-May",
    "who": "官宣",
    "src": "https://www.fool.com/earnings/call-transcripts/2026/05/13/wixcom-wix-q1-2026-earnings-call-transcript/",
    "srcName": "Wix 2026Q1 业绩会",
    "kindShort": "ARR"
   }
  ],
  "series": [
   {
    "v": 100.0,
    "d": "2026-03",
    "kind": "ARR",
    "raw": "$100 million of ARR achieved in early March",
    "who": "官宣",
    "src": "https://www.fool.com/earnings/call-transcripts/2026/05/13/wixcom-wix-q1-2026-earnings-call-transcript/",
    "srcName": "Wix 2026Q1 业绩会",
    "kindShort": "ARR"
   },
   {
    "v": 150.0,
    "d": "2026-05",
    "kind": "ARR",
    "raw": "BASE44 achieved $150 million in ARR in mid-May",
    "who": "官宣",
    "src": "https://www.fool.com/earnings/call-transcripts/2026/05/13/wixcom-wix-q1-2026-earnings-call-transcript/",
    "srcName": "Wix 2026Q1 业绩会",
    "kindShort": "ARR"
   }
  ],
  "latest": {
   "v": 150.0,
   "d": "2026-05",
   "kind": "ARR",
   "raw": "BASE44 achieved $150 million in ARR in mid-May",
   "who": "官宣",
   "src": "https://www.fool.com/earnings/call-transcripts/2026/05/13/wixcom-wix-q1-2026-earnings-call-transcript/",
   "srcName": "Wix 2026Q1 业绩会",
   "kindShort": "ARR"
  },
  "tier": "t100",
  "val": null,
  "pending": [],
  "note": "Vibe coding 应用生成；2025 年被 Wix 收购。Wix 在 Q2 业绩会称不再作为 KPI 披露 Base44 ARR。",
  "funding": [
   {
    "date": "2025-06",
    "round": "被收购",
    "amount": "约 $80M 现金（另有至 2029 年的业绩对赌）",
    "lead": "Wix",
    "post": "",
    "src": "https://techcrunch.com/2025/06/18/6-month-old-solo-owned-vibe-coder-base44-sells-to-wix-for-80m-cash/"
   }
  ],
  "total": "未披露（创始人自资，无外部融资轮次）"
 },
 {
  "n": "Podium",
  "co": "Podium Inc.",
  "url": "https://www.podium.com",
  "logo": "logos/podium.png",
  "logoDark": false,
  "tags": [
   "销售营销",
   "AI 客服"
  ],
  "hq": "犹他州 Lehi",
  "country": "美国",
  "region": "北美",
  "founded": 2014,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [
   {
    "v": 150.0,
    "d": "2026-10",
    "kind": "AI ARR（仅 AI 产品线）",
    "raw": "surpassed $150 million in AI-specific annual recurring revenue",
    "who": "官宣",
    "src": "https://www.tmcnet.com/usubmit/2026/10/22/10468634.htm",
    "srcName": "Podium 新闻稿 (PRNewswire)",
    "kindShort": "ARR"
   }
  ],
  "series": [
   {
    "v": 150.0,
    "d": "2026-10",
    "kind": "AI ARR（仅 AI 产品线）",
    "raw": "surpassed $150 million in AI-specific annual recurring revenue",
    "who": "官宣",
    "src": "https://www.tmcnet.com/usubmit/2026/10/22/10468634.htm",
    "srcName": "Podium 新闻稿 (PRNewswire)",
    "kindShort": "ARR"
   }
  ],
  "latest": {
   "v": 150.0,
   "d": "2026-10",
   "kind": "AI ARR（仅 AI 产品线）",
   "raw": "surpassed $150 million in AI-specific annual recurring revenue",
   "who": "官宣",
   "src": "https://www.tmcnet.com/usubmit/2026/10/22/10468634.htm",
   "srcName": "Podium 新闻稿 (PRNewswire)",
   "kindShort": "ARR"
  },
  "tier": "t100",
  "val": null,
  "pending": [
   {
    "raw": "AI ARR 在 2026 年 1 月越过 1 亿美元（CEO Eric Rea 发言转述）",
    "src": "https://www.utahmoneywatch.com/lehi-utahs-3-billion-valued-podium-is-set-to-produce-between-150-million-to-200-million-in-ai-agent-arr-in-2026-alone/",
    "why": "只有地方聚合/评论来源，未找到 1 月原始公告"
   }
  ],
  "note": "本地商家 AI 员工（接电话、回线索、约预约）；老牌短信软件公司 2023 年起整体转 AI，口径仅指 AI 产品线 ARR，另有传统软件收入。Inc.、Paul Graham 的 X 帖均转述了该数字。",
  "funding": [
   {
    "date": "2017-05",
    "round": "A 轮",
    "amount": "$32.66M（Forge 据公司注册文件）",
    "lead": "未披露",
    "post": "未披露",
    "src": "https://forgeglobal.com/podium_ipo/"
   },
   {
    "date": "2018-06",
    "round": "B 轮",
    "amount": "$60.39M（Forge 据公司注册文件）",
    "lead": "未披露（Accel、GV、IVP、Summit Partners、Y Combinator 参与）",
    "post": "未披露",
    "src": "https://forgeglobal.com/podium_ipo/"
   },
   {
    "date": "2020-04",
    "round": "C 轮",
    "amount": "$125M",
    "lead": "未披露（Accel、Alkeon、GV、IVP、Recruit、Sapphire、Summit、Y Combinator 参与）",
    "post": "未披露",
    "src": "https://forgeglobal.com/podium_ipo/"
   },
   {
    "date": "2021-11",
    "round": "D 轮",
    "amount": "$201M",
    "lead": "Y Combinator Continuity Fund（IVP、Arpex、Durable Capital、Sorenson、Album VC、Sapphire、Summit、Accel 跟投）",
    "post": "估值约 $3B",
    "src": "https://multiples.vc/private-comps/podium"
   },
   {
    "date": "2025-08",
    "round": "债务融资",
    "amount": "未披露",
    "lead": "未披露",
    "post": "未披露",
    "src": "https://pitchbook.com/profiles/company/65530-72"
   }
  ],
  "total": "第三方口径 $418.5M（Wellfound）至 $438.4M（ZoomInfo），官方未披露"
 },
 {
  "n": "Chai",
  "co": "Chai Research",
  "url": "https://www.chai-research.com",
  "logo": "logos/chai.png",
  "logoDark": false,
  "tags": [
   "陪伴娱乐"
  ],
  "hq": "帕洛阿尔托",
  "country": "美国",
  "region": "北美",
  "founded": null,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [
   {
    "v": 120.0,
    "d": "2026-10",
    "kind": "ARR（年化 run-rate，未审计）",
    "raw": "ARR (annualized revenue run-rate) $120M per year as of 1 October 2026",
    "who": "官宣",
    "src": "https://www.chai-research.com/company-facts/",
    "srcName": "Chai 官网 company-facts",
    "kindShort": "ARR"
   }
  ],
  "series": [
   {
    "v": 120.0,
    "d": "2026-10",
    "kind": "ARR（年化 run-rate，未审计）",
    "raw": "ARR (annualized revenue run-rate) $120M per year as of 1 October 2026",
    "who": "官宣",
    "src": "https://www.chai-research.com/company-facts/",
    "srcName": "Chai 官网 company-facts",
    "kindShort": "ARR"
   }
  ],
  "latest": {
   "v": 120.0,
   "d": "2026-10",
   "kind": "ARR（年化 run-rate，未审计）",
   "raw": "ARR (annualized revenue run-rate) $120M per year as of 1 October 2026",
   "who": "官宣",
   "src": "https://www.chai-research.com/company-facts/",
   "srcName": "Chai 官网 company-facts",
   "kindShort": "ARR"
  },
  "tier": "t100",
  "val": null,
  "pending": [],
  "note": "AI 角色陪伴聊天 App；公司页写明自报、未审计，订阅与广告各占约 60/40。founded 与 hq 凭印象填，未核对。",
  "funding": [
   {
    "date": "2023-04",
    "round": "种子轮",
    "amount": "$2M",
    "lead": "未披露",
    "post": "未披露",
    "src": "https://pitchbook.com/profiles/company/512396-47"
   },
   {
    "date": "2025-07",
    "round": "A 轮",
    "amount": "$45M",
    "lead": "未披露（投资方含 CoreWeave、AMD Ventures）",
    "post": "未披露",
    "src": "https://pitchbook.com/profiles/company/512396-47"
   }
  ],
  "total": "公司自述 2026-01 起累计超 $55M"
 },
 {
  "n": "Abridge",
  "co": "Abridge",
  "url": "https://www.abridge.com",
  "logo": "logos/abridge.png",
  "logoDark": false,
  "tags": [
   "医疗"
  ],
  "hq": "匹兹堡",
  "country": "美国",
  "region": "北美",
  "founded": 2018,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [
   {
    "v": 117.0,
    "d": "2025-03",
    "kind": "合同 ARR（含已签约未上线客户）",
    "raw": "reached $117 million in contracted annual recurring revenue in Q1",
    "who": "媒体·The Information",
    "src": "https://finance.yahoo.com/news/just-4-months-ai-medical-201646597.html",
    "srcName": "Yahoo Finance（转述 The Information）",
    "kindShort": "ARR"
   }
  ],
  "series": [
   {
    "v": 117.0,
    "d": "2025-03",
    "kind": "合同 ARR（含已签约未上线客户）",
    "raw": "reached $117 million in contracted annual recurring revenue in Q1",
    "who": "媒体·The Information",
    "src": "https://finance.yahoo.com/news/just-4-months-ai-medical-201646597.html",
    "srcName": "Yahoo Finance（转述 The Information）",
    "kindShort": "ARR"
   }
  ],
  "latest": {
   "v": 117.0,
   "d": "2025-03",
   "kind": "合同 ARR（含已签约未上线客户）",
   "raw": "reached $117 million in contracted annual recurring revenue in Q1",
   "who": "媒体·The Information",
   "src": "https://finance.yahoo.com/news/just-4-months-ai-medical-201646597.html",
   "srcName": "Yahoo Finance（转述 The Information）",
   "kindShort": "ARR"
  },
  "tier": "t100",
  "val": {
   "v": 5300.0,
   "d": "2025-06",
   "kind": "E 轮估值（WSJ 报道）",
   "src": "https://finance.yahoo.com/news/just-4-months-ai-medical-201646597.html"
  },
  "pending": [
   {
    "raw": "2025 年中已实现 ARR 超 $1 亿；2026-04 E 轮延伸估值仍 $53 亿",
    "src": "https://valueaddvc.com/blog/abridge-valuation-2026-5-3b-100m-arr-and-how-the-ai-scribe-beat-nuance-and-ambience",
    "why": "只有聚合站来源；Abridge 自己没披露 2026 年数字"
   }
  ],
  "note": "临床对话自动生成病历（AI scribe），Epic 生态内默认合作方，按医生数收年费。",
  "funding": [
   {
    "date": "2022-08",
    "round": "A 轮",
    "amount": "$12.5M",
    "lead": "未披露",
    "post": "$7500万",
    "src": "https://app.uselegion.com/c/abridge"
   },
   {
    "date": "2023-10",
    "round": "B 轮",
    "amount": "$30M",
    "lead": "未披露",
    "post": "$7亿",
    "src": "https://app.uselegion.com/c/abridge"
   },
   {
    "date": "2024-02",
    "round": "C 轮",
    "amount": "$150M",
    "lead": "Lightspeed、Redpoint 联合领投（Spark Capital 参与）",
    "post": "$8.5亿",
    "src": "https://www.revenuememo.com/p/abridge-funding"
   },
   {
    "date": "2025-02",
    "round": "D 轮",
    "amount": "$250M",
    "lead": "IVP、Elad Gil 联合领投（NVentures、CapitalG 等参与）",
    "post": "投后 $27.5亿",
    "src": "https://www.revenuememo.com/p/abridge-funding"
   },
   {
    "date": "2025-06",
    "round": "E 轮",
    "amount": "$300M",
    "lead": "Andreessen Horowitz、Khosla Ventures（IVP、Lightspeed、Spark、CVS Health 等参与）",
    "post": "投后 $53亿",
    "src": "https://startupintros.com/orgs/abridge"
   }
  ],
  "total": "累计约 $7.4亿（按上面各轮相加）"
 },
 {
  "n": "Clay",
  "co": "Clay Labs",
  "url": "https://www.clay.com",
  "logo": "logos/clay.png",
  "logoDark": false,
  "tags": [
   "销售营销"
  ],
  "hq": "纽约",
  "country": "美国",
  "region": "北美",
  "founded": 2017,
  "status": "private",
  "owner": "",
  "ref": true,
  "pts": [
   {
    "v": 100.0,
    "d": "2026-06",
    "kind": "ARR",
    "raw": "Clay turned $1 million in annual recurring revenue into $100 million in two years",
    "who": "媒体·Forbes",
    "src": "https://www.forbes.com/sites/josipamajic/2026/06/24/every-company-is-now-an-ai-wrapper-so-gtm-is-the-new-moat/",
    "srcName": "Forbes（日期为报道日，具体达到 $100M 的月份未核）",
    "kindShort": "ARR"
   }
  ],
  "series": [
   {
    "v": 100.0,
    "d": "2026-06",
    "kind": "ARR",
    "raw": "Clay turned $1 million in annual recurring revenue into $100 million in two years",
    "who": "媒体·Forbes",
    "src": "https://www.forbes.com/sites/josipamajic/2026/06/24/every-company-is-now-an-ai-wrapper-so-gtm-is-the-new-moat/",
    "srcName": "Forbes（日期为报道日，具体达到 $100M 的月份未核）",
    "kindShort": "ARR"
   }
  ],
  "latest": {
   "v": 100.0,
   "d": "2026-06",
   "kind": "ARR",
   "raw": "Clay turned $1 million in annual recurring revenue into $100 million in two years",
   "who": "媒体·Forbes",
   "src": "https://www.forbes.com/sites/josipamajic/2026/06/24/every-company-is-now-an-ai-wrapper-so-gtm-is-the-new-moat/",
   "srcName": "Forbes（日期为报道日，具体达到 $100M 的月份未核）",
   "kindShort": "ARR"
  },
  "tier": "t100",
  "val": {
   "v": 7100.0,
   "d": "2026-09",
   "kind": "D 轮（$115M）",
   "src": "https://www.zhiding.cn/files/klist-0-378329-1.htm"
  },
  "pending": [
   {
    "raw": "Sacra: ~$150M annualized run rate (May 2026)",
    "src": "https://clinkbill.com/arr-leaderboard/clay",
    "why": "聚合站转述 Sacra 估算，未开原页"
   },
   {
    "raw": "expects to end the year with $100 million in revenue (2025, NYT)",
    "src": "https://techcrunch.com/2025/08/05/clay-confirms-it-closed-100m-round-at-3-1b-valuation/",
    "why": "年底预期值，不入点"
   },
   {
    "raw": "Series D $115M at $7.1B（2026-09）",
    "src": "https://www.zhiding.cn/files/klist-0-378329-1.htm",
    "why": "估值只有中文站摘要，需 TechCrunch/官宣原文核对"
   }
  ],
  "note": "GTM 自动化平台（Claygent、GTM 工程师）。公开口径 $1 亿 ARR；$1.5 亿为第三方估算，待核。",
  "funding": [
   {
    "date": "2025-08",
    "round": "C 轮",
    "amount": "$100M",
    "lead": "CapitalG",
    "post": "估值 $3.1B",
    "src": "https://betakit.com/clay-lands-115-million-usd-series-d-at-7-billion-valuation/"
   },
   {
    "date": "2026-09",
    "round": "D 轮",
    "amount": "$115M",
    "lead": "Wellington Management（a16z、CapitalG、Meritech、Sequoia 等跟投）",
    "post": "投后 $7.1B",
    "src": "https://betakit.com/clay-lands-115-million-usd-series-d-at-7-billion-valuation/"
   }
  ],
  "total": "未披露（A、B 轮及种子未核）"
 },
 {
  "n": "Gamma",
  "co": "Gamma Tech",
  "url": "https://gamma.app",
  "logo": "logos/gamma.png",
  "logoDark": false,
  "tags": [
   "办公生产力",
   "创意工具"
  ],
  "hq": "旧金山",
  "country": "美国",
  "region": "北美",
  "founded": 2020,
  "status": "private",
  "owner": "",
  "ref": true,
  "pts": [
   {
    "v": 100.0,
    "d": "2025-11",
    "kind": "ARR",
    "raw": "has profitably hit $100 million in ARR, with 70 million users",
    "who": "创始人",
    "src": "https://techcrunch.com/2025/11/10/ai-powerpoint-killer-gamma-hits-2-1b-valuation-100m-arr-founder-says/",
    "srcName": "TechCrunch（CEO Grant Lee 在 X）",
    "kindShort": "ARR"
   }
  ],
  "series": [
   {
    "v": 100.0,
    "d": "2025-11",
    "kind": "ARR",
    "raw": "has profitably hit $100 million in ARR, with 70 million users",
    "who": "创始人",
    "src": "https://techcrunch.com/2025/11/10/ai-powerpoint-killer-gamma-hits-2-1b-valuation-100m-arr-founder-says/",
    "srcName": "TechCrunch（CEO Grant Lee 在 X）",
    "kindShort": "ARR"
   }
  ],
  "latest": {
   "v": 100.0,
   "d": "2025-11",
   "kind": "ARR",
   "raw": "has profitably hit $100 million in ARR, with 70 million users",
   "who": "创始人",
   "src": "https://techcrunch.com/2025/11/10/ai-powerpoint-killer-gamma-hits-2-1b-valuation-100m-arr-founder-says/",
   "srcName": "TechCrunch（CEO Grant Lee 在 X）",
   "kindShort": "ARR"
  },
  "tier": "t100",
  "val": {
   "v": 2100.0,
   "d": "2025-11",
   "kind": "B 轮（$68M）",
   "src": "https://techcrunch.com/2025/11/10/ai-powerpoint-killer-gamma-hits-2-1b-valuation-100m-arr-founder-says/"
  },
  "pending": [],
  "note": "AI 演示文稿 / 网页生成。约 50 人、盈利；2026 年 SaaStr 报道仍以 $1 亿 ARR 为口径（付费 60 万，用户 5000 万+），未找到更新。",
  "funding": [
   {
    "date": "2025-11",
    "round": "B 轮",
    "amount": "$68M（含员工二级）",
    "lead": "Andreessen Horowitz（Accel、Uncork Capital 等参与）",
    "post": "估值 $2.1B",
    "src": "https://investor.wedbush.com/wedbush/article/bizwire-2025-11-10-gamma-surpasses-100m-arr-raises-at-21b-valuation-as-it-replaces-powerpoint-for-the-ai-era"
   }
  ],
  "total": "初始融资约 $23M + B 轮 $68M（公司称）"
 },
 {
  "n": "Otter.ai",
  "co": "Otter.ai, Inc.",
  "url": "https://otter.ai",
  "logo": "logos/otterai.png",
  "logoDark": false,
  "tags": [
   "办公生产力"
  ],
  "hq": "山景城",
  "country": "美国",
  "region": "北美",
  "founded": 2016,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [
   {
    "v": 100.0,
    "d": "2025-03",
    "kind": "ARR",
    "raw": "surpassed $100 million in annual recurring revenue (ARR)",
    "who": "官宣",
    "src": "https://otter.ai/blog/otter-ai-breaks-100m-arr-barrier-and-transforms-business-meetings-launching-industry-first-ai-meeting-agent-suite",
    "srcName": "Otter.ai 新闻稿",
    "kindShort": "ARR"
   }
  ],
  "series": [
   {
    "v": 100.0,
    "d": "2025-03",
    "kind": "ARR",
    "raw": "surpassed $100 million in annual recurring revenue (ARR)",
    "who": "官宣",
    "src": "https://otter.ai/blog/otter-ai-breaks-100m-arr-barrier-and-transforms-business-meetings-launching-industry-first-ai-meeting-agent-suite",
    "srcName": "Otter.ai 新闻稿",
    "kindShort": "ARR"
   }
  ],
  "latest": {
   "v": 100.0,
   "d": "2025-03",
   "kind": "ARR",
   "raw": "surpassed $100 million in annual recurring revenue (ARR)",
   "who": "官宣",
   "src": "https://otter.ai/blog/otter-ai-breaks-100m-arr-barrier-and-transforms-business-meetings-launching-industry-first-ai-meeting-agent-suite",
   "srcName": "Otter.ai 新闻稿",
   "kindShort": "ARR"
  },
  "tier": "t100",
  "val": null,
  "pending": [],
  "note": "AI 会议记录与会议智能体。2026-10 获 General Catalyst $320M 增长融资，未披露新 ARR（TechCrunch）。",
  "funding": [
   {
    "date": "2016-09",
    "round": "种子轮",
    "amount": "$3M",
    "lead": "Draper Associates、Draper Dragon",
    "post": "未披露",
    "src": "https://en.wowtale.net/2026/10/23/235683/"
   },
   {
    "date": "2017-11",
    "round": "A 轮",
    "amount": "$10M",
    "lead": "Horizons Ventures",
    "post": "未披露",
    "src": "https://en.wowtale.net/2026/10/23/235683/"
   },
   {
    "date": "2020-01",
    "round": "战略/创投轮",
    "amount": "$10M",
    "lead": "Slow Ventures（NTT DOCOMO Ventures、Horizons、GGV 等参与）",
    "post": "未披露",
    "src": "https://profiles.crustdata.com/company/otterai"
   },
   {
    "date": "2021-02",
    "round": "B 轮",
    "amount": "$50M（含 $10M 可转债）",
    "lead": "Spectrum Equity",
    "post": "未披露",
    "src": "https://en.wowtale.net/2026/10/23/235683/"
   },
   {
    "date": "2026-10",
    "round": "成长期融资（非股权，需偿还）",
    "amount": "$320M",
    "lead": "General Catalyst Customer Value Fund",
    "post": "未披露（无新估值）",
    "src": "https://techfundingnews.com/otter-ai-secures-320m-from-general-catalyst-to-become-enterprises-voice-system-of-record/"
   }
  ],
  "total": "股权及可转债约 $7300 万（按 2016–2021 各轮相加），另有 2026-10 的 $3.2 亿非股权融资"
 },
 {
  "n": "Emergent",
  "co": "Emergent Labs",
  "url": "https://emergent.sh",
  "logo": "logos/emergent.png",
  "logoDark": false,
  "tags": [
   "AI 编程"
  ],
  "hq": "旧金山 / 班加罗尔",
  "country": "美国/印度",
  "region": "其他",
  "founded": 2025,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [
   {
    "v": 50.0,
    "d": "2026-01",
    "kind": "ARR",
    "raw": "doubled its ARR from $50 million to $100 million in a single month",
    "who": "官宣",
    "src": "https://www.businessinsider.com/emergent-ceo-vibe-coding-2-major-risks-ai-mukund-jha-2026-3",
    "srcName": "Business Insider",
    "kindShort": "ARR"
   },
   {
    "v": 100.0,
    "d": "2026-02",
    "kind": "annualised run rate (ARR)",
    "raw": "has crossed $100 million in annualised run rate (ARR) within eight months of launch",
    "who": "创始人",
    "src": "https://economictimes.indiatimes.com/tech/startups/emergent-crosses-100-million-in-arr-as-demand-for-vibe-coding-picks-up/articleshow/128465948.cms",
    "srcName": "The Economic Times 采访 CEO Mukund Jha；TechCrunch 同日报道",
    "kindShort": "ARR"
   }
  ],
  "series": [
   {
    "v": 50.0,
    "d": "2026-01",
    "kind": "ARR",
    "raw": "doubled its ARR from $50 million to $100 million in a single month",
    "who": "官宣",
    "src": "https://www.businessinsider.com/emergent-ceo-vibe-coding-2-major-risks-ai-mukund-jha-2026-3",
    "srcName": "Business Insider",
    "kindShort": "ARR"
   },
   {
    "v": 100.0,
    "d": "2026-02",
    "kind": "annualised run rate (ARR)",
    "raw": "has crossed $100 million in annualised run rate (ARR) within eight months of launch",
    "who": "创始人",
    "src": "https://economictimes.indiatimes.com/tech/startups/emergent-crosses-100-million-in-arr-as-demand-for-vibe-coding-picks-up/articleshow/128465948.cms",
    "srcName": "The Economic Times 采访 CEO Mukund Jha；TechCrunch 同日报道",
    "kindShort": "ARR"
   }
  ],
  "latest": {
   "v": 100.0,
   "d": "2026-02",
   "kind": "annualised run rate (ARR)",
   "raw": "has crossed $100 million in annualised run rate (ARR) within eight months of launch",
   "who": "创始人",
   "src": "https://economictimes.indiatimes.com/tech/startups/emergent-crosses-100-million-in-arr-as-demand-for-vibe-coding-picks-up/articleshow/128465948.cms",
   "srcName": "The Economic Times 采访 CEO Mukund Jha；TechCrunch 同日报道",
   "kindShort": "ARR"
  },
  "tier": "t100",
  "val": {
   "v": 300.0,
   "d": "2026-01",
   "kind": "B 轮投后",
   "src": "https://economictimes.indiatimes.com/tech/startups/emergent-crosses-100-million-in-arr-as-demand-for-vibe-coding-picks-up/articleshow/128465948.cms"
  },
  "pending": [
   {
    "raw": "Dealroom 一则摘要写 US$64.7M ARR run rate（与 $100M 说法不一致）",
    "src": "https://dealroom.co/news/125967-emergent-hits-100m-arr-in-8-months-as-ai-coding-boom-accelerates/",
    "why": "聚合站与多家主流媒体口径冲突，以主流媒体为准"
   }
  ],
  "note": "印度团队的 vibe coding 平台，多数项目为移动应用。",
  "funding": [
   {
    "date": "2025-09",
    "round": "A 轮",
    "amount": "$23M",
    "lead": "未披露（Prosus、Lightspeed、Together、YC 等）",
    "post": "未披露",
    "src": "https://www.kucoin.com/id/news/flash/emergent-becomes-unicorn-with-130m-series-c-funding"
   },
   {
    "date": "2026-01",
    "round": "B 轮",
    "amount": "$70M",
    "lead": "SoftBank Vision Fund 2、Khosla Ventures（共同领投）",
    "post": "投后 $300M",
    "src": "https://seedtable.com/companies/emergent/funding-rounds/series-b-2026-01"
   },
   {
    "date": "2026-07",
    "round": "C 轮",
    "amount": "$130M",
    "lead": "Creaegis（MNI Ventures-Claypond Capital、Sentinel Global 共同领投；Khosla、SoftBank VF2、Lightspeed、YC 参与）",
    "post": "估值 $1.5B（另有媒体写 $1.1B）",
    "src": "https://inc42.com/buzz/emergent-joins-unicorn-club-after-raising-130-mn-at-1-5-bn-valuation/"
   }
  ],
  "total": "累计约 $223M–$230M（A+B+C 相加为 $223M；Inc42 写 $230M）"
 },
 {
  "n": "Plaud",
  "co": "Plaud Inc.",
  "url": "https://www.plaud.ai",
  "logo": "logos/plaud.png",
  "logoDark": false,
  "tags": [
   "办公生产力",
   "机器人硬件"
  ],
  "hq": "旧金山",
  "country": "美国",
  "region": "北美",
  "founded": 2023,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [
   {
    "v": 100.0,
    "d": "2026-06",
    "kind": "ARR",
    "raw": "reached USD $100 million in annual recurring revenue within two years",
    "who": "官宣",
    "src": "https://channellife.com.au/story/plaud-hits-usd-100-million-arr-with-hardware-led-ai",
    "srcName": "ChannelLife 转述 Business Wire 新闻稿",
    "kindShort": "ARR"
   }
  ],
  "series": [
   {
    "v": 100.0,
    "d": "2026-06",
    "kind": "ARR",
    "raw": "reached USD $100 million in annual recurring revenue within two years",
    "who": "官宣",
    "src": "https://channellife.com.au/story/plaud-hits-usd-100-million-arr-with-hardware-led-ai",
    "srcName": "ChannelLife 转述 Business Wire 新闻稿",
    "kindShort": "ARR"
   }
  ],
  "latest": {
   "v": 100.0,
   "d": "2026-06",
   "kind": "ARR",
   "raw": "reached USD $100 million in annual recurring revenue within two years",
   "who": "官宣",
   "src": "https://channellife.com.au/story/plaud-hits-usd-100-million-arr-with-hardware-led-ai",
   "srcName": "ChannelLife 转述 Business Wire 新闻稿",
   "kindShort": "ARR"
  },
  "tier": "t100",
  "val": null,
  "pending": [],
  "note": "AI 录音卡片硬件 + 订阅，硬件为主的 AI 公司，ARR 含订阅口径由公司定义。",
  "funding": [],
  "total": "未披露"
 },
 {
  "n": "Decagon",
  "co": "Decagon",
  "url": "https://decagon.ai",
  "logo": "logos/decagon.png",
  "logoDark": false,
  "tags": [
   "AI 客服"
  ],
  "hq": "旧金山",
  "country": "美国",
  "region": "北美",
  "founded": 2023,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [
   {
    "v": 100.0,
    "d": "2026-08",
    "kind": "年化收入",
    "raw": "crossed $100 million in annualized revenue three years after launching",
    "who": "媒体·PYMNTS",
    "src": "https://www.pymnts.com/news/artificial-intelligence/2026/enterprise-ais-hottest-job-just-found-its-biggest-skeptic/",
    "srcName": "PYMNTS（转述 Decagon 对 Newcomer 的说法）",
    "kindShort": "年化"
   }
  ],
  "series": [
   {
    "v": 100.0,
    "d": "2026-08",
    "kind": "年化收入",
    "raw": "crossed $100 million in annualized revenue three years after launching",
    "who": "媒体·PYMNTS",
    "src": "https://www.pymnts.com/news/artificial-intelligence/2026/enterprise-ais-hottest-job-just-found-its-biggest-skeptic/",
    "srcName": "PYMNTS（转述 Decagon 对 Newcomer 的说法）",
    "kindShort": "年化"
   }
  ],
  "latest": {
   "v": 100.0,
   "d": "2026-08",
   "kind": "年化收入",
   "raw": "crossed $100 million in annualized revenue three years after launching",
   "who": "媒体·PYMNTS",
   "src": "https://www.pymnts.com/news/artificial-intelligence/2026/enterprise-ais-hottest-job-just-found-its-biggest-skeptic/",
   "srcName": "PYMNTS（转述 Decagon 对 Newcomer 的说法）",
   "kindShort": "年化"
  },
  "tier": "t100",
  "val": null,
  "pending": [
   {
    "raw": "2025 年底约 $44M（Sacra 估算）；Jan 2026 估值 $4.5B（D 轮 $2.5 亿）",
    "src": "https://valueaddvc.com/blog/decagon-valuation-2026-4-5b-35m-arr-ai-customer-service-boom",
    "why": "只有聚合站（Value Add VC）转述，未打开 Sacra 原页"
   }
  ],
  "note": "客服 AI 智能体，不用驻场工程师；2026-01 D 轮估值 $45 亿；传出过出售讨论但 ServiceNow 否认。",
  "funding": [
   {
    "date": "2023",
    "round": "种子轮",
    "amount": "$5M",
    "lead": "Andreessen Horowitz",
    "post": "未披露",
    "src": "https://aiwiki.ai/wiki/decagon#1"
   },
   {
    "date": "2024-06",
    "round": "A 轮",
    "amount": "$30M",
    "lead": "Accel（A*、Elad Gil 参与）",
    "post": "未披露",
    "src": "https://aiwiki.ai/wiki/decagon#1"
   },
   {
    "date": "2024-10",
    "round": "B 轮",
    "amount": "未披露（报道只给累计融资额）",
    "lead": "未披露",
    "post": "$6.5亿（Forbes 报道）",
    "src": "https://okara.ai/blog/decagon-revenue-growth"
   },
   {
    "date": "2025-06",
    "round": "C 轮",
    "amount": "$131M",
    "lead": "Accel、a16z 联合领投",
    "post": "$15亿",
    "src": "https://venturecapitaltracker.com/decagon-ai-funding-valuation-series-d-2026"
   },
   {
    "date": "2026-01",
    "round": "D 轮",
    "amount": "$250M",
    "lead": "Coatue、Index Ventures（ChemistryVC、Definition Capital、Starwood Capital 参与）",
    "post": "$45亿",
    "src": "https://www.cmswire.com/contact-center/decagon-triples-valuation-to-45b-with-250m-series-d/"
   },
   {
    "date": "2026-03",
    "round": "员工股份要约收购",
    "amount": "未披露",
    "lead": "未披露",
    "post": "$45亿",
    "src": "https://okara.ai/blog/decagon-revenue-growth"
   }
  ],
  "total": "累计约 $4.81亿（aiwiki 口径）"
 },
 {
  "n": "Crescendo",
  "co": "Crescendo",
  "url": "https://www.crescendo.ai",
  "logo": "logos/crescendo.png",
  "logoDark": false,
  "tags": [
   "AI 客服"
  ],
  "hq": "旧金山",
  "country": "美国",
  "region": "北美",
  "founded": 2023,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [
   {
    "v": 100.0,
    "d": "2026-04",
    "kind": "ARR",
    "raw": "growth to more than USD $100 million in annual recurring revenue in under two years",
    "who": "媒体·IT Brief",
    "src": "https://itbrief.ie/story/crescendo-expands-into-uk-europe-after-rapid-growth",
    "srcName": "IT Brief（Crescendo 英国站发布）",
    "kindShort": "ARR"
   }
  ],
  "series": [
   {
    "v": 100.0,
    "d": "2026-04",
    "kind": "ARR",
    "raw": "growth to more than USD $100 million in annual recurring revenue in under two years",
    "who": "媒体·IT Brief",
    "src": "https://itbrief.ie/story/crescendo-expands-into-uk-europe-after-rapid-growth",
    "srcName": "IT Brief（Crescendo 英国站发布）",
    "kindShort": "ARR"
   }
  ],
  "latest": {
   "v": 100.0,
   "d": "2026-04",
   "kind": "ARR",
   "raw": "growth to more than USD $100 million in annual recurring revenue in under two years",
   "who": "媒体·IT Brief",
   "src": "https://itbrief.ie/story/crescendo-expands-into-uk-europe-after-rapid-growth",
   "srcName": "IT Brief（Crescendo 英国站发布）",
   "kindShort": "ARR"
  },
  "tier": "t100",
  "val": null,
  "pending": [
   {
    "raw": "on track to exceed $100M ARR by end of 2025",
    "src": "https://www.crescendo.ai/news/crescendo-to-exceed-100m-arr-as-global-adoption-of-its-first-ai-native-contact-center-accelerates",
    "why": "2025-09 公司新闻稿，是预测口径，不算正式点"
   }
  ],
  "note": "AI 原生联络中心，AI 加人工混合、按结果收费；收购 PartnerHero 后带 3000 名人工客服，含人力外包收入。",
  "funding": [
   {
    "date": "2024-10",
    "round": "C 轮",
    "amount": "$50M（一系列融资合计）",
    "lead": "General Catalyst（Celesta Capital、Alorica 参与）",
    "post": "投后 $500M",
    "src": "https://www.crescendo.ai/news/crescendo-names-high-technology-veteran-zack-urlocker-as-coo-as-company-targets-the-enterprise"
   }
  ],
  "total": "CB Insights 记累计 $54.5M"
 },
 {
  "n": "n8n",
  "co": "n8n GmbH",
  "url": "https://n8n.io",
  "logo": "logos/n8n.png",
  "logoDark": false,
  "tags": [
   "通用智能体",
   "办公生产力"
  ],
  "hq": "柏林",
  "country": "德国",
  "region": "欧洲",
  "founded": 2019,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [
   {
    "v": 100.0,
    "d": "2026-05",
    "kind": "ARR（欧元口径，原文 €100M，未换算）",
    "raw": "annual recurring revenue has now exceeded 100 million euros",
    "who": "媒体·Bloomberg",
    "src": "https://www.digitaltoday.co.kr/en/view/55189/sap-invests-in-workflow-automation-tool-n8n-to-integrate-into-ai-agent-builder",
    "srcName": "Digital Today（转述 Bloomberg，SAP 投资 n8n）",
    "kindShort": "ARR"
   }
  ],
  "series": [
   {
    "v": 100.0,
    "d": "2026-05",
    "kind": "ARR（欧元口径，原文 €100M，未换算）",
    "raw": "annual recurring revenue has now exceeded 100 million euros",
    "who": "媒体·Bloomberg",
    "src": "https://www.digitaltoday.co.kr/en/view/55189/sap-invests-in-workflow-automation-tool-n8n-to-integrate-into-ai-agent-builder",
    "srcName": "Digital Today（转述 Bloomberg，SAP 投资 n8n）",
    "kindShort": "ARR"
   }
  ],
  "latest": {
   "v": 100.0,
   "d": "2026-05",
   "kind": "ARR（欧元口径，原文 €100M，未换算）",
   "raw": "annual recurring revenue has now exceeded 100 million euros",
   "who": "媒体·Bloomberg",
   "src": "https://www.digitaltoday.co.kr/en/view/55189/sap-invests-in-workflow-automation-tool-n8n-to-integrate-into-ai-agent-builder",
   "srcName": "Digital Today（转述 Bloomberg，SAP 投资 n8n）",
   "kindShort": "ARR"
  },
  "tier": "t100",
  "val": null,
  "pending": [],
  "note": "开源工作流自动化平台，转型为 AI 智能体编排；v 是欧元数值未换算，使用时注意币种。",
  "funding": [
   {
    "date": "2025-03",
    "round": "B 轮",
    "amount": "€55M（约 $60M）",
    "lead": "Highland Europe（HV Capital、Sequoia、Felicis、Harpoon 参与）",
    "post": "约 €250M（$270M，据知情人士）",
    "src": "https://finance.yahoo.com/news/fair-code-pioneer-n8n-raises-190021377.html"
   },
   {
    "date": "2025-10",
    "round": "C 轮",
    "amount": "$180M",
    "lead": "Accel（Meritech、Redpoint、Evantic、Visionaries Club、NVentures、T.Capital 参与）",
    "post": "估值 $2.5B",
    "src": "https://blog.n8n.io/series-c/"
   }
  ],
  "total": "累计 $240M（公司自述，截至 C 轮）"
 },
 {
  "n": "Deepgram",
  "co": "Deepgram",
  "url": "https://deepgram.com",
  "logo": "logos/deepgram.png",
  "logoDark": false,
  "tags": [
   "语音音乐"
  ],
  "hq": "旧金山",
  "country": "美国",
  "region": "北美",
  "founded": 2015,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [
   {
    "v": 100.0,
    "d": "2026-08",
    "kind": "ARR",
    "raw": "Deepgram crossing $100M ARR",
    "who": "创始人",
    "src": "https://www.linkedin.com/posts/scott-stephenson-_yesterday-i-joined-john-furrier-from-siliconangle-activity-7493736055628640258-m1hB",
    "srcName": "Scott Stephenson（CEO）LinkedIn，2026-08",
    "kindShort": "ARR"
   }
  ],
  "series": [
   {
    "v": 100.0,
    "d": "2026-08",
    "kind": "ARR",
    "raw": "Deepgram crossing $100M ARR",
    "who": "创始人",
    "src": "https://www.linkedin.com/posts/scott-stephenson-_yesterday-i-joined-john-furrier-from-siliconangle-activity-7493736055628640258-m1hB",
    "srcName": "Scott Stephenson（CEO）LinkedIn，2026-08",
    "kindShort": "ARR"
   }
  ],
  "latest": {
   "v": 100.0,
   "d": "2026-08",
   "kind": "ARR",
   "raw": "Deepgram crossing $100M ARR",
   "who": "创始人",
   "src": "https://www.linkedin.com/posts/scott-stephenson-_yesterday-i-joined-john-furrier-from-siliconangle-activity-7493736055628640258-m1hB",
   "srcName": "Scott Stephenson（CEO）LinkedIn，2026-08",
   "kindShort": "ARR"
  },
  "tier": "t100",
  "val": null,
  "pending": [],
  "note": "语音识别与合成 API；2026-08 推出 Flux TTS。原文是「crossing $100M ARR」，v 取 100 为下限。",
  "funding": [
   {
    "date": "2022-11",
    "round": "B 轮",
    "amount": "$72M（含 2021-10 起的 $47M 追加，分两次交割）",
    "lead": "Madrona（Alkeon、BlackRock、Citi Ventures、In-Q-Tel、Nvidia 参与）",
    "post": "未披露",
    "src": "https://www.revenuememo.com/p/deepgram-funding"
   },
   {
    "date": "2026-01",
    "round": "C 轮",
    "amount": "$130M",
    "lead": "AVP（Alkeon、In-Q-Tel、Madrona、Tiger Global、Alumni Ventures、Princeville、Citi Ventures 跟投）",
    "post": "$13亿",
    "src": "https://hk.marketscreener.com/news/voice-ai-startup-deepgram-raises-130-million-at-1-3-billion-valuation-ce7e58dbdf81f025"
   }
  ],
  "total": "累计 $2.15亿（妙投口径）"
 },
 {
  "n": "Moveworks",
  "co": "Moveworks",
  "url": "https://www.moveworks.com",
  "logo": "logos/moveworks.png",
  "logoDark": false,
  "tags": [
   "企业助手"
  ],
  "hq": "山景城",
  "country": "美国",
  "region": "北美",
  "founded": 2016,
  "status": "acquired",
  "owner": "ServiceNow",
  "ref": false,
  "pts": [
   {
    "v": 100.0,
    "d": "2025-03",
    "kind": "ARR（被收购时，$1 亿以上）",
    "raw": "Moveworks at $100m+ ARR sells to ServiceNow for $2.85 Billion",
    "who": "媒体·SaaStr",
    "src": "https://www.saastr.com/ai-saas-leader-moveworks-sells-for-2-8-billion-but-do-most-of-their-investors-make-any-money/",
    "srcName": "SaaStr",
    "kindShort": "ARR"
   }
  ],
  "series": [
   {
    "v": 100.0,
    "d": "2025-03",
    "kind": "ARR（被收购时，$1 亿以上）",
    "raw": "Moveworks at $100m+ ARR sells to ServiceNow for $2.85 Billion",
    "who": "媒体·SaaStr",
    "src": "https://www.saastr.com/ai-saas-leader-moveworks-sells-for-2-8-billion-but-do-most-of-their-investors-make-any-money/",
    "srcName": "SaaStr",
    "kindShort": "ARR"
   }
  ],
  "latest": {
   "v": 100.0,
   "d": "2025-03",
   "kind": "ARR（被收购时，$1 亿以上）",
   "raw": "Moveworks at $100m+ ARR sells to ServiceNow for $2.85 Billion",
   "who": "媒体·SaaStr",
   "src": "https://www.saastr.com/ai-saas-leader-moveworks-sells-for-2-8-billion-but-do-most-of-their-investors-make-any-money/",
   "srcName": "SaaStr",
   "kindShort": "ARR"
  },
  "tier": "t100",
  "val": {
   "v": 2850.0,
   "d": "2025-03",
   "kind": "ServiceNow 收购价",
   "src": "https://www.saastr.com/ai-saas-leader-moveworks-sells-for-2-8-billion-but-do-most-of-their-investors-make-any-money/"
  },
  "pending": [],
  "note": "企业内部 IT/HR 问答助手，2025-03 被 ServiceNow 以 $28.5 亿收购，是 ServiceNow 史上最大一笔。",
  "funding": [
   {
    "date": "2019-11",
    "round": "B 轮",
    "amount": "$75M",
    "lead": "未披露",
    "post": "估值 $390M",
    "src": "https://multiples.vc/private-comps/moveworks"
   },
   {
    "date": "2021-06",
    "round": "C 轮",
    "amount": "$200M",
    "lead": "Tiger Global、Alkeon Capital（Lightspeed、Sapphire、Bain Capital、ICONIQ、Kleiner Perkins 参与）",
    "post": "估值 $2.1B",
    "src": "https://www.moveworks.com/us/en/company/news/press-releases/moveworks-raises-200-million-series-c-funding"
   },
   {
    "date": "2025-03",
    "round": "被收购",
    "amount": "$2.85B（现金加股票）",
    "lead": "ServiceNow",
    "post": "",
    "src": "https://www.reuters.com/technology/servicenow-buy-ai-firm-moveworks-29-billion-tap-new-customers-2025-03-10/"
   }
  ],
  "total": "累计约 $315M（官方口径，截至 C 轮）"
 },
 {
  "n": "Horizon3.ai",
  "co": "Horizon3.ai",
  "url": "https://horizon3.ai",
  "logo": "logos/horizon3ai.png",
  "logoDark": false,
  "tags": [
   "安全"
  ],
  "hq": "旧金山",
  "country": "美国",
  "region": "北美",
  "founded": 2019,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [
   {
    "v": 100.0,
    "d": "2025-12",
    "kind": "ARR（原文 approached，接近但未到 $1 亿，v 为近似）",
    "raw": "approached $100 million in annual recurring revenue last year with 120% year-over-year growth",
    "who": "官宣",
    "src": "https://techcrunch.com/2026/08/03/horizon3-hits-2-billion-valuation-with-250m-series-e-as-ai-threats-escalate/",
    "srcName": "TechCrunch（CRO Matt Hartley）",
    "kindShort": "ARR"
   }
  ],
  "series": [
   {
    "v": 100.0,
    "d": "2025-12",
    "kind": "ARR（原文 approached，接近但未到 $1 亿，v 为近似）",
    "raw": "approached $100 million in annual recurring revenue last year with 120% year-over-year growth",
    "who": "官宣",
    "src": "https://techcrunch.com/2026/08/03/horizon3-hits-2-billion-valuation-with-250m-series-e-as-ai-threats-escalate/",
    "srcName": "TechCrunch（CRO Matt Hartley）",
    "kindShort": "ARR"
   }
  ],
  "latest": {
   "v": 100.0,
   "d": "2025-12",
   "kind": "ARR（原文 approached，接近但未到 $1 亿，v 为近似）",
   "raw": "approached $100 million in annual recurring revenue last year with 120% year-over-year growth",
   "who": "官宣",
   "src": "https://techcrunch.com/2026/08/03/horizon3-hits-2-billion-valuation-with-250m-series-e-as-ai-threats-escalate/",
   "srcName": "TechCrunch（CRO Matt Hartley）",
   "kindShort": "ARR"
  },
  "tier": "t100",
  "val": {
   "v": 2000.0,
   "d": "2026-08",
   "kind": "E 轮估值（$2.5 亿）",
   "src": "https://techcrunch.com/2026/08/03/horizon3-hits-2-billion-valuation-with-250m-series-e-as-ai-threats-escalate/"
  },
  "pending": [],
  "note": "自主渗透测试（NodeZero）。「approached」按原文是未到 $1 亿，这里 100 只是近似位置。",
  "funding": [
   {
    "date": "2023-08",
    "round": "C 轮",
    "amount": "$40M",
    "lead": "Craft Ventures（SignalFire 参与）",
    "post": "未披露",
    "src": "https://fortune.com/2025/08/19/horizon3-ai-taps-veteran-cfo-cybersecurity-startup-bridging-military-intelligence-silicon-valley-scales-up/"
   },
   {
    "date": "2025-06",
    "round": "D 轮",
    "amount": "$100M",
    "lead": "NEA（Qualcomm Ventures、NightDragon、SignalFire、Craft Ventures、9Yards Capital 参与）",
    "post": "未披露",
    "src": "https://www.bernama.com/en/news.php//?id=2433473"
   }
  ],
  "total": "未披露"
 },
 {
  "n": "Alice (ActiveFence)",
  "co": "Alice / ActiveFence",
  "url": "https://www.alice.io",
  "logo": "logos/aliceactivefence.png",
  "logoDark": false,
  "tags": [
   "安全"
  ],
  "hq": "纽约/特拉维夫",
  "country": "美国/以色列",
  "region": "其他",
  "founded": 2018,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [
   {
    "v": 100.0,
    "d": "2026-08",
    "kind": "ARR（原文 approaching，接近 $1 亿，v 为近似）",
    "raw": "The company's annual recurring revenue (ARR) is approaching $100 million",
    "who": "媒体·Globes",
    "src": "https://en.globes.co.il/en/article-israeli-ai-security-co-alice-raises-140m-1001553384",
    "srcName": "Globes（知情人士，公司未表态）",
    "kindShort": "ARR"
   }
  ],
  "series": [
   {
    "v": 100.0,
    "d": "2026-08",
    "kind": "ARR（原文 approaching，接近 $1 亿，v 为近似）",
    "raw": "The company's annual recurring revenue (ARR) is approaching $100 million",
    "who": "媒体·Globes",
    "src": "https://en.globes.co.il/en/article-israeli-ai-security-co-alice-raises-140m-1001553384",
    "srcName": "Globes（知情人士，公司未表态）",
    "kindShort": "ARR"
   }
  ],
  "latest": {
   "v": 100.0,
   "d": "2026-08",
   "kind": "ARR（原文 approaching，接近 $1 亿，v 为近似）",
   "raw": "The company's annual recurring revenue (ARR) is approaching $100 million",
   "who": "媒体·Globes",
   "src": "https://en.globes.co.il/en/article-israeli-ai-security-co-alice-raises-140m-1001553384",
   "srcName": "Globes（知情人士，公司未表态）",
   "kindShort": "ARR"
  },
  "tier": "t100",
  "val": {
   "v": 800.0,
   "d": "2026-08",
   "kind": "报道估值（$1.4 亿融资）",
   "src": "https://en.globes.co.il/en/article-israeli-ai-security-co-alice-raises-140m-1001553384"
  },
  "pending": [],
  "note": "AI 内容安全与信任安全（原 ActiveFence 改名）。",
  "funding": [
   {
    "date": "2026-08",
    "round": "成长期融资",
    "amount": "$140M",
    "lead": "Apax Digital（Samsung、SentinelOne、Maj Invest、MoreTech、Phoenix、Norwest、CRV、Vintage、Grove、Highland Europe 参与）",
    "post": "未披露（公司未公布；媒体报道约 $7–8亿 / 近 $10亿）",
    "src": "https://www.securityweek.com/alice-raises-140m-to-expand-ai-model-defenses-and-enterprise-guardrails/amp/"
   }
  ],
  "total": "累计 $2.8亿（公司口径）"
 },
 {
  "n": "Arena (LMArena)",
  "co": "Arena",
  "url": "https://lmarena.ai",
  "logo": "logos/arenalmarena.png",
  "logoDark": false,
  "tags": [
   "AI Infra",
   "数据"
  ],
  "hq": "旧金山",
  "country": "美国",
  "region": "北美",
  "founded": 2023,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [
   {
    "v": 100.0,
    "d": "2026-06",
    "kind": "年化 run-rate 收入（按用量计费）",
    "raw": "reached $100 million in annualized run-rate revenue in June",
    "who": "官宣",
    "src": "https://finance.yahoo.com/technology/ai/articles/popular-ai-leaderboard-arena-nearly-181945079.html",
    "srcName": "Yahoo Finance（TechCrunch，2026-10-08）",
    "kindShort": "年化"
   }
  ],
  "series": [
   {
    "v": 100.0,
    "d": "2026-06",
    "kind": "年化 run-rate 收入（按用量计费）",
    "raw": "reached $100 million in annualized run-rate revenue in June",
    "who": "官宣",
    "src": "https://finance.yahoo.com/technology/ai/articles/popular-ai-leaderboard-arena-nearly-181945079.html",
    "srcName": "Yahoo Finance（TechCrunch，2026-10-08）",
    "kindShort": "年化"
   }
  ],
  "latest": {
   "v": 100.0,
   "d": "2026-06",
   "kind": "年化 run-rate 收入（按用量计费）",
   "raw": "reached $100 million in annualized run-rate revenue in June",
   "who": "官宣",
   "src": "https://finance.yahoo.com/technology/ai/articles/popular-ai-leaderboard-arena-nearly-181945079.html",
   "srcName": "Yahoo Finance（TechCrunch，2026-10-08）",
   "kindShort": "年化"
  },
  "tier": "t100",
  "val": null,
  "pending": [],
  "note": "大模型众测排行榜，向模型公司卖评测服务。",
  "funding": [
   {
    "date": "2025-05",
    "round": "种子轮",
    "amount": "$100M",
    "lead": "a16z、UC Investments",
    "post": "估值 $600M",
    "src": "https://www.pymnts.com/news/artificial-intelligence/2025/chatbot-arena-raises-100-million-dollars-platform-compares-ai-models/"
   },
   {
    "date": "2026-01",
    "round": "A 轮",
    "amount": "$150M",
    "lead": "Felicis、UC Investments（a16z、Lightspeed、Kleiner Perkins、The House Fund、LDVP 参与）",
    "post": "投后 $1.7B",
    "src": "https://techcrunch.com/2026/01/06/lmarena-lands-1.7b-valuation-four-months-after-launching-its-product/"
   }
  ],
  "total": "累计约 $250M（两轮相加）"
 },
 {
  "n": "turbopuffer",
  "co": "turbopuffer",
  "url": "https://turbopuffer.com",
  "logo": "logos/turbopuffer.png",
  "logoDark": false,
  "tags": [
   "AI Infra",
   "数据"
  ],
  "hq": "",
  "country": "",
  "region": "",
  "founded": null,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [
   {
    "v": 75.0,
    "d": "2025-12",
    "kind": "ARR",
    "raw": "about $75M in ARR (end of 2025)",
    "who": "Sacra 估算",
    "src": "https://sacra.com/c/turbopuffer/",
    "srcName": "Sacra",
    "kindShort": "ARR"
   },
   {
    "v": 100.0,
    "d": "2026-03",
    "kind": "年化收入",
    "raw": "annualized revenue reached $100M",
    "who": "Sacra 估算",
    "src": "https://sacra.com/c/turbopuffer/",
    "srcName": "Sacra",
    "kindShort": "年化"
   }
  ],
  "series": [
   {
    "v": 75.0,
    "d": "2025-12",
    "kind": "ARR",
    "raw": "about $75M in ARR (end of 2025)",
    "who": "Sacra 估算",
    "src": "https://sacra.com/c/turbopuffer/",
    "srcName": "Sacra",
    "kindShort": "ARR"
   },
   {
    "v": 100.0,
    "d": "2026-03",
    "kind": "年化收入",
    "raw": "annualized revenue reached $100M",
    "who": "Sacra 估算",
    "src": "https://sacra.com/c/turbopuffer/",
    "srcName": "Sacra",
    "kindShort": "年化"
   }
  ],
  "latest": {
   "v": 100.0,
   "d": "2026-03",
   "kind": "年化收入",
   "raw": "annualized revenue reached $100M",
   "who": "Sacra 估算",
   "src": "https://sacra.com/c/turbopuffer/",
   "srcName": "Sacra",
   "kindShort": "年化"
  },
  "tier": "t100",
  "val": null,
  "pending": [],
  "note": "面向 AI 检索的对象存储向量数据库；总部与成立年份未核对。",
  "funding": [
   {
    "date": "2025-12",
    "round": "种子/战略轮（金额未披露）",
    "amount": "未披露",
    "lead": "Thrive Capital（新进）、Lachy Groom（老股东）",
    "post": "未披露",
    "src": "https://www.linkedin.com/posts/tbpn_breaking-turbopuffer-receives-investment-activity-7407451666414833664-kX3-"
   }
  ],
  "total": "未披露（CEO 称累计 primary 融资不足 $1M，见 Sacra）"
 },
 {
  "n": "Skild AI",
  "co": "Skild AI Inc.",
  "url": "https://www.skild.ai",
  "logo": "logos/skildai.png",
  "logoDark": false,
  "tags": [
   "机器人硬件"
  ],
  "hq": "匹兹堡",
  "country": "美国",
  "region": "北美",
  "founded": 2023,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [
   {
    "v": 100.0,
    "d": "2026-09",
    "kind": "年化 run-rate（recurring revenue run-rate）",
    "raw": "reached $100 million in recurring revenue run-rate, 10 months after beginning commercial use; 60+ paying customers",
    "who": "媒体·Bloomberg",
    "src": "https://www.bloomberg.com/news/articles/2026-09-10/robotics-startup-skild-ai-hits-100-million-in-revenue-run-rate",
    "srcName": "Bloomberg（CEO Deepak Pathak 采访）",
    "kindShort": "年化"
   }
  ],
  "series": [
   {
    "v": 100.0,
    "d": "2026-09",
    "kind": "年化 run-rate（recurring revenue run-rate）",
    "raw": "reached $100 million in recurring revenue run-rate, 10 months after beginning commercial use; 60+ paying customers",
    "who": "媒体·Bloomberg",
    "src": "https://www.bloomberg.com/news/articles/2026-09-10/robotics-startup-skild-ai-hits-100-million-in-revenue-run-rate",
    "srcName": "Bloomberg（CEO Deepak Pathak 采访）",
    "kindShort": "年化"
   }
  ],
  "latest": {
   "v": 100.0,
   "d": "2026-09",
   "kind": "年化 run-rate（recurring revenue run-rate）",
   "raw": "reached $100 million in recurring revenue run-rate, 10 months after beginning commercial use; 60+ paying customers",
   "who": "媒体·Bloomberg",
   "src": "https://www.bloomberg.com/news/articles/2026-09-10/robotics-startup-skild-ai-hits-100-million-in-revenue-run-rate",
   "srcName": "Bloomberg（CEO Deepak Pathak 采访）",
   "kindShort": "年化"
  },
  "tier": "t100",
  "val": {
   "v": 14000.0,
   "d": "2026-01",
   "kind": "C 轮（14 亿美元）估值，超过 140 亿",
   "src": "https://www.silicon.co.uk/ai-2/skild-ai-revenue-631503"
  },
  "pending": [],
  "note": "通用机器人「大脑」模型（Skild Brain），软件跑在第三方机器人上；2026 年初只有 8 家客户，9 月 60+；另含收购 Fetch 的方案业务（约占 4%）。",
  "funding": [
   {
    "date": "2023-08",
    "round": "种子轮",
    "amount": "$14.5M",
    "lead": "Lightspeed Venture Partners、Sequoia Capital",
    "post": "未披露",
    "src": "https://aichip001.com/p/520217.html"
   },
   {
    "date": "2024-07",
    "round": "A 轮",
    "amount": "$300M",
    "lead": "Lightspeed、Coatue、SoftBank、Bezos Expeditions 共同领投（Felicis、Sequoia、Menlo、General Catalyst、CRV、Amazon 等参与）",
    "post": "估值 $1.5B",
    "src": "https://investor.wedbush.com/wedbush/article/bizwire-2024-7-9-skild-ai-raises-300m-series-a-to-build-a-scalable-ai-foundation-model-for-robotics"
   },
   {
    "date": "2025-06",
    "round": "B 轮",
    "amount": "口径不一：SoftBank 出资 $100M（彭博）；Crunchbase 称本轮 $135M；Reuters 引 PitchBook 称 $500M",
    "lead": "SoftBank（Nvidia 出 $25M、Samsung 出 $10M、LG 旗下风投等参与）",
    "post": "估值约 $4.5B（彭博）；Reuters 称 $4.7B",
    "src": "https://news.crunchbase.com/venture/robotics-startup-skild-ai-triples-valuation/"
   },
   {
    "date": "2026-01",
    "round": "C 轮",
    "amount": "$1.4B",
    "lead": "SoftBank（NVentures、Macquarie、Bezos Expeditions、Sequoia 等参与）",
    "post": "估值超 $14B",
    "src": "https://thebridge.jp/en/2026/01/skild-ai-developer-of-general-ai-platform-model-for-robots-raises-approximately-1-4-billion-led-by-softbank-group"
   }
  ],
  "total": "超过 $2.2B（KuCoin 引报道；B 轮口径不一，不自行相加）"
 },
 {
  "n": "Cresta",
  "co": "Cresta Intelligence",
  "url": "https://cresta.com",
  "logo": "logos/cresta.png",
  "logoDark": false,
  "tags": [
   "AI 客服"
  ],
  "hq": "旧金山",
  "country": "美国",
  "region": "北美",
  "founded": 2017,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [
   {
    "v": 100.0,
    "d": "2026-04",
    "kind": "ARR",
    "raw": "surpasses $100 million in annual recurring revenue",
    "who": "官宣",
    "src": "https://cresta.com/press/cresta-names-sequoias-doug-leone-as-board-chair-carl-eschenbach-rejoins-board-as-growth-accelerates",
    "srcName": "Cresta 新闻稿",
    "kindShort": "ARR"
   }
  ],
  "series": [
   {
    "v": 100.0,
    "d": "2026-04",
    "kind": "ARR",
    "raw": "surpasses $100 million in annual recurring revenue",
    "who": "官宣",
    "src": "https://cresta.com/press/cresta-names-sequoias-doug-leone-as-board-chair-carl-eschenbach-rejoins-board-as-growth-accelerates",
    "srcName": "Cresta 新闻稿",
    "kindShort": "ARR"
   }
  ],
  "latest": {
   "v": 100.0,
   "d": "2026-04",
   "kind": "ARR",
   "raw": "surpasses $100 million in annual recurring revenue",
   "who": "官宣",
   "src": "https://cresta.com/press/cresta-names-sequoias-doug-leone-as-board-chair-carl-eschenbach-rejoins-board-as-growth-accelerates",
   "srcName": "Cresta 新闻稿",
   "kindShort": "ARR"
  },
  "tier": "t100",
  "val": null,
  "pending": [],
  "note": "联络中心 AI（人+AI 坐席统一平台），客户含联合航空、Cox、万豪；Sequoia 的 Doug Leone 任董事长。",
  "funding": [
   {
    "date": "2020-02",
    "round": "A 轮",
    "amount": "$21M",
    "lead": "Greylock（a16z 参与）",
    "post": "未披露",
    "src": "https://venturebeat.com/business/cresta-which-uses-ai-to-mentor-customer-service-agents-in-real-time-raises-50m"
   },
   {
    "date": "2021-03",
    "round": "B 轮",
    "amount": "$50M",
    "lead": "Sequoia Capital（Allen & Company、Greylock、a16z、Porsche Ventures 跟投）",
    "post": "未披露",
    "src": "https://cresta.com/blog/a-letter-from-our-founders"
   },
   {
    "date": "2022-03",
    "round": "C 轮",
    "amount": "$80M",
    "lead": "Tiger Global（a16z、Sequoia、Greylock、Genesys、Five9、Zoom、J.P. Morgan 等跟投）",
    "post": "投后 $1.6B",
    "src": "https://multiples.vc/private-comps/cresta"
   },
   {
    "date": "2024-11",
    "round": "D 轮",
    "amount": "$125M",
    "lead": "WiL（World Innovation Lab）、QIA 共同领投（Accenture、EnvisionX、LG Ventures、Qualcomm、Workday Ventures 等参与）",
    "post": "未披露",
    "src": "https://www.qia.qa/en/Newsroom/Pages/QIA-co-leads-Series-D-funding-round-for-Cresta,-the-generative-AI-platform-for-contact-centers-.aspx"
   }
  ],
  "total": "约 $276M（按上面各轮相加）；Tracxn 记 $282M（含种子与奖金）"
 },
 {
  "n": "Meshy",
  "co": "Meshy Inc.（太极图形创始人胡渊鸣）",
  "url": "https://www.meshy.ai",
  "logo": "logos/meshy.png",
  "logoDark": false,
  "tags": [
   "创意工具"
  ],
  "hq": "硅谷",
  "country": "美国（华人创始团队，北京/硅谷）",
  "region": "其他",
  "founded": 2023,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [
   {
    "v": 60.0,
    "d": "2026-07",
    "kind": "ARR",
    "raw": "Meshy当前ARR已经达到6000万美元（B轮融资报道）",
    "who": "媒体·创业邦",
    "src": "https://m.cyzone.cn/article/840683.html",
    "srcName": "创业邦",
    "kindShort": "ARR"
   },
   {
    "v": 100.0,
    "d": "2026-09",
    "kind": "ARR",
    "raw": "annual recurring revenue (ARR) has surpassed US$100 million, up 100x from US$1 million in under two years",
    "who": "官宣",
    "src": "https://www.manilatimes.net/2026/10/01/tmt-newswire/pr-newswire/meshy-surpasses-100-million-in-annual-recurring-revenue-growing-100x-in-under-two-years/2436502",
    "srcName": "Meshy 新闻稿（PR Newswire）",
    "kindShort": "ARR"
   }
  ],
  "series": [
   {
    "v": 60.0,
    "d": "2026-07",
    "kind": "ARR",
    "raw": "Meshy当前ARR已经达到6000万美元（B轮融资报道）",
    "who": "媒体·创业邦",
    "src": "https://m.cyzone.cn/article/840683.html",
    "srcName": "创业邦",
    "kindShort": "ARR"
   },
   {
    "v": 100.0,
    "d": "2026-09",
    "kind": "ARR",
    "raw": "annual recurring revenue (ARR) has surpassed US$100 million, up 100x from US$1 million in under two years",
    "who": "官宣",
    "src": "https://www.manilatimes.net/2026/10/01/tmt-newswire/pr-newswire/meshy-surpasses-100-million-in-annual-recurring-revenue-growing-100x-in-under-two-years/2436502",
    "srcName": "Meshy 新闻稿（PR Newswire）",
    "kindShort": "ARR"
   }
  ],
  "latest": {
   "v": 100.0,
   "d": "2026-09",
   "kind": "ARR",
   "raw": "annual recurring revenue (ARR) has surpassed US$100 million, up 100x from US$1 million in under two years",
   "who": "官宣",
   "src": "https://www.manilatimes.net/2026/10/01/tmt-newswire/pr-newswire/meshy-surpasses-100-million-in-annual-recurring-revenue-growing-100x-in-under-two-years/2436502",
   "srcName": "Meshy 新闻稿（PR Newswire）",
   "kindShort": "ARR"
  },
  "tier": "t100",
  "val": {
   "v": 1500.0,
   "d": "2026-07",
   "kind": "B 轮投后（近 4 亿美元融资）",
   "src": "https://dealroom.co/news/158079-meshy-hits-100m-arr-first-ai-3d-firm-to-reach-milestone/"
  },
  "pending": [
   {
    "raw": "2025-11 ARR 超 1500 万美元；2026-04 超 4000 万美元",
    "src": "https://m.163.com/dy/article/L31NJ98S05568W0A.html",
    "why": "只有网易号转述，无原始出处"
   }
  ],
  "note": "AI 3D 生成（文字/图片生成带贴图 3D 模型），毛利约 85%（媒体）；总部硅谷、华人创始团队，按「亚洲」口径边缘收录。",
  "funding": [
   {
    "date": "2021-04",
    "round": "天使轮",
    "amount": "未披露",
    "lead": "红杉种子基金（红杉中国）",
    "post": "未披露",
    "src": "https://m.huxiu.com/article/4878461.html"
   },
   {
    "date": "2022-02",
    "round": "A 轮",
    "amount": "$50M",
    "lead": "源码资本、GGV 纪源资本、BAI 资本、红杉中国联合领投",
    "post": "未披露",
    "src": "https://m.huxiu.com/article/4878461.html"
   },
   {
    "date": "2026-07",
    "round": "B 轮",
    "amount": "近 $400M",
    "lead": "IDG 资本、经纬中国、Monolith 砺思资本（Granite Asia、红杉中国、BAI 资本、源码资本等老股东超额跟投）",
    "post": "估值 $1.5B（公司新闻稿）；国内报道称超 ¥100 亿",
    "src": "https://www.manilatimes.net/2026/07/21/tmt-newswire/pr-newswire/meshy-raises-nearly-400-million-at-a-15-billion-valuation-the-largest-round-to-date-in-ai-3d/2388718"
   }
  ],
  "total": "约 $450M（A+B 相加，天使轮金额未披露）"
 },
 {
  "n": "Black Forest Labs",
  "co": "Black Forest Labs GmbH",
  "url": "https://bfl.ai",
  "logo": "logos/blackforestlabs.png",
  "logoDark": false,
  "tags": [
   "图像设计",
   "大模型"
  ],
  "hq": "弗莱堡",
  "country": "德国",
  "region": "欧洲",
  "founded": 2024,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [
   {
    "v": 96.3,
    "d": "2025-08",
    "kind": "ARR",
    "raw": "generating $96.3m in annual recurring revenue (ARR) as of August, Bloomberg reported",
    "who": "媒体·Bloomberg",
    "src": "https://sifted.eu/articles/black-forest-labs-meta",
    "srcName": "Sifted 转引 Bloomberg",
    "kindShort": "ARR"
   }
  ],
  "series": [
   {
    "v": 96.3,
    "d": "2025-08",
    "kind": "ARR",
    "raw": "generating $96.3m in annual recurring revenue (ARR) as of August, Bloomberg reported",
    "who": "媒体·Bloomberg",
    "src": "https://sifted.eu/articles/black-forest-labs-meta",
    "srcName": "Sifted 转引 Bloomberg",
    "kindShort": "ARR"
   }
  ],
  "latest": {
   "v": 96.3,
   "d": "2025-08",
   "kind": "ARR",
   "raw": "generating $96.3m in annual recurring revenue (ARR) as of August, Bloomberg reported",
   "who": "媒体·Bloomberg",
   "src": "https://sifted.eu/articles/black-forest-labs-meta",
   "srcName": "Sifted 转引 Bloomberg",
   "kindShort": "ARR"
  },
  "tier": "t50",
  "val": {
   "v": 3250.0,
   "d": "2025-12",
   "kind": "B 轮投后",
   "src": "https://www.ainvest.com/news/black-forest-beats-qwen-launch-sales-funnel-giveaway-2610/"
  },
  "pending": [],
  "note": "FLUX 图像模型开发商，约一半收入来自授权（含 Meta 约 $1.4 亿合同）。最新点停在 2025-08。估值出处为二手稿，待核。",
  "funding": [
   {
    "date": "2025",
    "round": "A 轮（未单独公布）",
    "amount": "未披露",
    "lead": "Andreessen Horowitz（BroadLight、Creandum、Earlybird、General Catalyst、Northzone、Nvidia 参与）",
    "post": "未披露",
    "src": "https://www.di.se/bors/pressmeddelande/f75c9aee-fbf9-57f1-9749-8fa60bd826b6/"
   },
   {
    "date": "2025-12",
    "round": "B 轮",
    "amount": "$300M",
    "lead": "AMP（Anjney Midha）、Salesforce Ventures 联合领投（a16z、Nvidia、Temasek、Bain Capital Ventures、Canva、Figma Ventures 等跟投）",
    "post": "投后 $32.5亿",
    "src": "https://bfl.ai/blog/our-300m-series-b"
   }
  ],
  "total": "累计超 $4.5亿（公司口径）"
 },
 {
  "n": "You.com",
  "co": "You.com",
  "url": "https://you.com",
  "logo": "logos/youcom.png",
  "logoDark": false,
  "tags": [
   "AI 搜索",
   "企业助手"
  ],
  "hq": "",
  "country": "美国",
  "region": "北美",
  "founded": 2020,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [
   {
    "v": 20.0,
    "d": "2024-12",
    "kind": "ARR",
    "raw": "about $20M ARR (end of 2024)",
    "who": "Sacra 估算",
    "src": "https://sacra.com/c/you/",
    "srcName": "Sacra",
    "kindShort": "ARR"
   },
   {
    "v": 90.0,
    "d": "2025-12",
    "kind": "ARR",
    "raw": "hit $90M in annual recurring revenue (ARR) in December 2025",
    "who": "Sacra 估算",
    "src": "https://sacra.com/c/you/",
    "srcName": "Sacra",
    "kindShort": "ARR"
   }
  ],
  "series": [
   {
    "v": 20.0,
    "d": "2024-12",
    "kind": "ARR",
    "raw": "about $20M ARR (end of 2024)",
    "who": "Sacra 估算",
    "src": "https://sacra.com/c/you/",
    "srcName": "Sacra",
    "kindShort": "ARR"
   },
   {
    "v": 90.0,
    "d": "2025-12",
    "kind": "ARR",
    "raw": "hit $90M in annual recurring revenue (ARR) in December 2025",
    "who": "Sacra 估算",
    "src": "https://sacra.com/c/you/",
    "srcName": "Sacra",
    "kindShort": "ARR"
   }
  ],
  "latest": {
   "v": 90.0,
   "d": "2025-12",
   "kind": "ARR",
   "raw": "hit $90M in annual recurring revenue (ARR) in December 2025",
   "who": "Sacra 估算",
   "src": "https://sacra.com/c/you/",
   "srcName": "Sacra",
   "kindShort": "ARR"
  },
  "tier": "t50",
  "val": null,
  "pending": [],
  "note": "企业级 AI 搜索与智能体平台（已转向 B2B）。",
  "funding": [
   {
    "date": "2024-06",
    "round": "B 轮",
    "amount": "未披露",
    "lead": "未披露",
    "post": "估值约 $374M（Multiples）",
    "src": "https://multiples.vc/private-comps/you-com"
   },
   {
    "date": "2025-09",
    "round": "C 轮",
    "amount": "$100M",
    "lead": "Cox Enterprises（Salesforce Ventures、Georgian、Norwest 参与）",
    "post": "估值 $1.5B",
    "src": "https://multiples.vc/private-comps/you-com"
   }
  ],
  "total": "累计约 $195M（Multiples 口径，四轮）"
 },
 {
  "n": "Windsurf",
  "co": "Windsurf (原 Codeium)",
  "url": "https://windsurf.com",
  "logo": "logos/windsurf.png",
  "logoDark": false,
  "tags": [
   "AI 编程"
  ],
  "hq": "山景城",
  "country": "美国",
  "region": "北美",
  "founded": 2021,
  "status": "acquired",
  "owner": "Cognition",
  "ref": false,
  "pts": [
   {
    "v": 82.0,
    "d": "2025-07",
    "kind": "ARR",
    "raw": "$82M of ARR and a fast-growing business, with enterprise ARR doubling quarter-over-quarter",
    "who": "官宣",
    "src": "https://cognition.com/blog/windsurf",
    "srcName": "Cognition 收购公告（买方口径）",
    "kindShort": "ARR"
   }
  ],
  "series": [
   {
    "v": 82.0,
    "d": "2025-07",
    "kind": "ARR",
    "raw": "$82M of ARR and a fast-growing business, with enterprise ARR doubling quarter-over-quarter",
    "who": "官宣",
    "src": "https://cognition.com/blog/windsurf",
    "srcName": "Cognition 收购公告（买方口径）",
    "kindShort": "ARR"
   }
  ],
  "latest": {
   "v": 82.0,
   "d": "2025-07",
   "kind": "ARR",
   "raw": "$82M of ARR and a fast-growing business, with enterprise ARR doubling quarter-over-quarter",
   "who": "官宣",
   "src": "https://cognition.com/blog/windsurf",
   "srcName": "Cognition 收购公告（买方口径）",
   "kindShort": "ARR"
  },
  "tier": "t50",
  "val": null,
  "pending": [],
  "note": "AI 原生 IDE；2025 年 7 月被 Cognition 收购（创始团队另被 Google 授权挖走）。收购后收入并入 Cognition，见 Cognition 条目。",
  "funding": [
   {
    "date": "2024-08",
    "round": "C 轮（Codeium）",
    "amount": "$150M",
    "lead": "General Catalyst",
    "post": "估值 $1.25B",
    "src": "https://baike.baidu.com/item/Windsurf/65588540"
   },
   {
    "date": "2025-07",
    "round": "技术授权 + 挖人（非收购）",
    "amount": "约 $2.4B（投资方分得约 $1.2B）",
    "lead": "Google（非排他授权，并聘用联合创始人及部分团队）",
    "post": "",
    "src": "https://techcrunch.com/2025/08/01/more-details-emerge-on-how-windsurfs-vcs-and-founders-got-paid-from-the-google-deal/"
   },
   {
    "date": "2025-07",
    "round": "被收购",
    "amount": "未披露",
    "lead": "Cognition",
    "post": "",
    "src": "https://www.siliconrepublic.com/start-ups/cognition-windsurf-acquisition-ai-coding-google-licensing"
   }
  ],
  "total": "未披露"
 },
 {
  "n": "Venice.ai",
  "co": "Venice AI",
  "url": "https://venice.ai",
  "logo": "logos/veniceai.png",
  "logoDark": false,
  "tags": [
   "大模型"
  ],
  "hq": "",
  "country": "",
  "region": "",
  "founded": null,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [
   {
    "v": 70.0,
    "d": "2026-07",
    "kind": "年化 run-rate 收入",
    "raw": "is now generating annualized run-rate revenues above $70 million",
    "who": "创始人",
    "src": "https://sg.finance.yahoo.com/news/venice-ai-raised-65m-exploit-223300223.html",
    "srcName": "Yahoo Finance（转述 TechCrunch 对 Erik Voorhees 的报道）",
    "kindShort": "年化"
   }
  ],
  "series": [
   {
    "v": 70.0,
    "d": "2026-07",
    "kind": "年化 run-rate 收入",
    "raw": "is now generating annualized run-rate revenues above $70 million",
    "who": "创始人",
    "src": "https://sg.finance.yahoo.com/news/venice-ai-raised-65m-exploit-223300223.html",
    "srcName": "Yahoo Finance（转述 TechCrunch 对 Erik Voorhees 的报道）",
    "kindShort": "年化"
   }
  ],
  "latest": {
   "v": 70.0,
   "d": "2026-07",
   "kind": "年化 run-rate 收入",
   "raw": "is now generating annualized run-rate revenues above $70 million",
   "who": "创始人",
   "src": "https://sg.finance.yahoo.com/news/venice-ai-raised-65m-exploit-223300223.html",
   "srcName": "Yahoo Finance（转述 TechCrunch 对 Erik Voorhees 的报道）",
   "kindShort": "年化"
  },
  "tier": "t50",
  "val": null,
  "pending": [],
  "note": "主打隐私、无审查的 AI 聊天与生成，用代币计价；founded、总部未核对，暂填。",
  "funding": [
   {
    "date": "2026-06",
    "round": "A 轮",
    "amount": "$65M（含 VVV 代币授予与认股权）",
    "lead": "Dragonfly（North Island Ventures、Coinbase Ventures、F-Prime、Archetype 等参与）",
    "post": "股权估值 $10亿",
    "src": "https://www.theblock.co/news/deals/2026-07-01-venice-ai-funding-equity-valuation-dragonfly-406934"
   }
  ],
  "total": "$65M（首次外部融资）"
 },
 {
  "n": "Wonderful",
  "co": "Wonderful",
  "url": "https://www.wonderful.ai",
  "logo": "logos/wonderful.png",
  "logoDark": false,
  "tags": [
   "AI 客服",
   "企业助手"
  ],
  "hq": "特拉维夫 / 阿姆斯特丹",
  "country": "以色列",
  "region": "以色列",
  "founded": 2025,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [
   {
    "v": 18.0,
    "d": "2026-03",
    "kind": "年化 ARR（Q1 年化口径）",
    "raw": "in the first quarter of this year the annual rate was $18 million",
    "who": "媒体·Globes",
    "src": "https://en.globes.co.il/en/article-israeli-ai-agents-co-wonderful-seeks-to-raise-500m-1001552121",
    "srcName": "Globes",
    "kindShort": "ARR"
   },
   {
    "v": 55.0,
    "d": "2026-08",
    "kind": "ARR",
    "raw": "Now, the ARR is $55 million",
    "who": "媒体·Globes",
    "src": "https://en.globes.co.il/en/article-israeli-ai-agents-co-wonderful-seeks-to-raise-500m-1001552121",
    "srcName": "Globes",
    "kindShort": "ARR"
   },
   {
    "v": 70.0,
    "d": "2026-09",
    "kind": "年化 revenue run rate（估计）",
    "raw": "estimated annual revenue run rate of $70 million, expected to surpass $100 million by end of 2026",
    "who": "媒体·Calcalist/CTech",
    "src": "https://www.calcalistech.com/ctechnews/article/2lcydeh3v",
    "srcName": "CTech（CEO Bar Winkler 专访）",
    "kindShort": "年化"
   }
  ],
  "series": [
   {
    "v": 18.0,
    "d": "2026-03",
    "kind": "年化 ARR（Q1 年化口径）",
    "raw": "in the first quarter of this year the annual rate was $18 million",
    "who": "媒体·Globes",
    "src": "https://en.globes.co.il/en/article-israeli-ai-agents-co-wonderful-seeks-to-raise-500m-1001552121",
    "srcName": "Globes",
    "kindShort": "ARR"
   },
   {
    "v": 55.0,
    "d": "2026-08",
    "kind": "ARR",
    "raw": "Now, the ARR is $55 million",
    "who": "媒体·Globes",
    "src": "https://en.globes.co.il/en/article-israeli-ai-agents-co-wonderful-seeks-to-raise-500m-1001552121",
    "srcName": "Globes",
    "kindShort": "ARR"
   },
   {
    "v": 70.0,
    "d": "2026-09",
    "kind": "年化 revenue run rate（估计）",
    "raw": "estimated annual revenue run rate of $70 million, expected to surpass $100 million by end of 2026",
    "who": "媒体·Calcalist/CTech",
    "src": "https://www.calcalistech.com/ctechnews/article/2lcydeh3v",
    "srcName": "CTech（CEO Bar Winkler 专访）",
    "kindShort": "年化"
   }
  ],
  "latest": {
   "v": 70.0,
   "d": "2026-09",
   "kind": "年化 revenue run rate（估计）",
   "raw": "estimated annual revenue run rate of $70 million, expected to surpass $100 million by end of 2026",
   "who": "媒体·Calcalist/CTech",
   "src": "https://www.calcalistech.com/ctechnews/article/2lcydeh3v",
   "srcName": "CTech（CEO Bar Winkler 专访）",
   "kindShort": "年化"
  },
  "tier": "t50",
  "val": {
   "v": 5000.0,
   "d": "2026-09",
   "kind": "C 轮（5.5 亿美元）投后",
   "src": "https://www.calcalistech.com/ctechnews/article/2lcydeh3v"
  },
  "pending": [
   {
    "raw": "approaching US$80 million in ARR（接近 8000 万，含年化用量承诺）",
    "src": "https://forbes.co/tecnologia/wonderful-vale-us5-000-millones-ahora-tiene-que-demostrar-que-la-ia-empresarial-puede-escalar",
    "why": "Forbes Colombia 原文为「接近」而非已达到；公司确认 ARR 含平台费+年化用量承诺，口径偏宽；正式点取较低的 Calcalist 7000 万"
   }
  ],
  "note": "企业 AI 智能体平台（客服语音起家，现称企业 AI 操作系统）；2025 年 8 月约 100 万美元，一年内到约 7000 万。年底 1 亿是预期，不入点。",
  "funding": [
   {
    "date": "2025-07",
    "round": "种子轮",
    "amount": "$34M",
    "lead": "Index Ventures（Bessemer、Vine Ventures 参与）",
    "post": "未披露",
    "src": "https://www.indexventures.com/perspectives/wonderful-secures-100m-to-drive-adoption-of-ai-agents-globally/"
   },
   {
    "date": "2025-11",
    "round": "A 轮",
    "amount": "$100M",
    "lead": "Index Ventures（Insight Partners、IVP、Bessemer、Vine Ventures 参与）",
    "post": "未披露",
    "src": "https://investor.wedbush.com/wedbush/article/accwirecq-2025-11-11-wonderful-secures-100m-to-drive-enterprise-adoption-of-ai-agents-globally"
   },
   {
    "date": "2026-03",
    "round": "B 轮",
    "amount": "$150M",
    "lead": "Insight Partners（Index Ventures 等参与）",
    "post": "估值 $2B",
    "src": "https://www.indexventures.com/perspectives/index-ventures-triples-down-as-wonderful-raises-150m-series-b-to-scale-its-hyper-local-enterprise-ai-platform/"
   },
   {
    "date": "2026-09",
    "round": "C 轮",
    "amount": "$550M",
    "lead": "Insight Partners（Salesforce 新进；Index Ventures、IVP、Vine、9Yards、Bessemer 跟投）",
    "post": "估值 $5B",
    "src": "https://www.36kr.com/p/3968489145692422"
   }
  ],
  "total": "约 $834M（按上面各轮相加；媒体称超 $800M）"
 },
 {
  "n": "Rogo",
  "co": "Rogo",
  "url": "https://rogo.ai",
  "logo": "logos/rogo.png",
  "logoDark": false,
  "tags": [
   "金融"
  ],
  "hq": "纽约",
  "country": "美国",
  "region": "北美",
  "founded": 2021,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [
   {
    "v": 15.0,
    "d": "2025-12",
    "kind": "ARR",
    "raw": "$15M at end-2025",
    "who": "媒体·Dealroom",
    "src": "https://dealroom.co/news/info-mvrieu-rogo-hebbia-revenue-rises-as-claude-finance-threat-looms/",
    "srcName": "Dealroom（AI Agenda 报道）",
    "kindShort": "ARR"
   },
   {
    "v": 50.0,
    "d": "2026-09",
    "kind": "ARR",
    "raw": "passed $50M ARR",
    "who": "媒体·Dealroom",
    "src": "https://dealroom.co/news/info-mvrieu-rogo-hebbia-revenue-rises-as-claude-finance-threat-looms/",
    "srcName": "Dealroom（知情人士，AI Agenda 报道）",
    "kindShort": "ARR"
   }
  ],
  "series": [
   {
    "v": 15.0,
    "d": "2025-12",
    "kind": "ARR",
    "raw": "$15M at end-2025",
    "who": "媒体·Dealroom",
    "src": "https://dealroom.co/news/info-mvrieu-rogo-hebbia-revenue-rises-as-claude-finance-threat-looms/",
    "srcName": "Dealroom（AI Agenda 报道）",
    "kindShort": "ARR"
   },
   {
    "v": 50.0,
    "d": "2026-09",
    "kind": "ARR",
    "raw": "passed $50M ARR",
    "who": "媒体·Dealroom",
    "src": "https://dealroom.co/news/info-mvrieu-rogo-hebbia-revenue-rises-as-claude-finance-threat-looms/",
    "srcName": "Dealroom（知情人士，AI Agenda 报道）",
    "kindShort": "ARR"
   }
  ],
  "latest": {
   "v": 50.0,
   "d": "2026-09",
   "kind": "ARR",
   "raw": "passed $50M ARR",
   "who": "媒体·Dealroom",
   "src": "https://dealroom.co/news/info-mvrieu-rogo-hebbia-revenue-rises-as-claude-finance-threat-looms/",
   "srcName": "Dealroom（知情人士，AI Agenda 报道）",
   "kindShort": "ARR"
  },
  "tier": "t50",
  "val": {
   "v": 2000.0,
   "d": "2026-04",
   "kind": "D 轮估值（$1.6 亿）",
   "src": "https://dealroom.co/news/info-mvrieu-rogo-hebbia-revenue-rises-as-claude-finance-threat-looms/"
  },
  "pending": [],
  "note": "投行、资管用的 AI 分析助手；Dealroom 页面没明说出自 The Information，只写「知情人士」。",
  "funding": [
   {
    "date": "2026-01",
    "round": "C 轮",
    "amount": "$75M",
    "lead": "Sequoia Capital（Thrive、Khosla、Tiger Global、J.P. Morgan 等原投资方；Henry Kravis、Wells Fargo 新加入）",
    "post": "投后 $750M",
    "src": "https://aiagentsquare.com/compare/rogo-vs-hebbia"
   },
   {
    "date": "2026-04",
    "round": "D 轮",
    "amount": "$160M",
    "lead": "Kleiner Perkins",
    "post": "投后 $2B",
    "src": "https://ww2.money-link.com.tw/RealTimeNews/NewsContent.aspx?SN=2414091002&PU=1002"
   }
  ],
  "total": "未披露（种子、A、B 轮未核）"
 },
 {
  "n": "Retell AI",
  "co": "Retell AI",
  "url": "https://www.retellai.com",
  "logo": "logos/retellai.png",
  "logoDark": false,
  "tags": [
   "语音音乐",
   "AI 客服"
  ],
  "hq": "圣卡洛斯",
  "country": "美国",
  "region": "北美",
  "founded": 2023,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [
   {
    "v": 50.0,
    "d": "2025-12",
    "kind": "ARR",
    "raw": "Voice AI startup grew to $50M ARR in 2025",
    "who": "官宣",
    "src": "https://www.globenewswire.com/de/news-release/2026/04/03/3268014/0/en/Voice-AI-Startup-Retell-AI-Named-to-Wing-VC-Enterprise-Tech-30-2026-List-Celebrating-the-Best-of-Enterprise-Tech.html",
    "srcName": "GlobeNewswire（Retell 新闻稿，2026-04-03）",
    "kindShort": "ARR"
   }
  ],
  "series": [
   {
    "v": 50.0,
    "d": "2025-12",
    "kind": "ARR",
    "raw": "Voice AI startup grew to $50M ARR in 2025",
    "who": "官宣",
    "src": "https://www.globenewswire.com/de/news-release/2026/04/03/3268014/0/en/Voice-AI-Startup-Retell-AI-Named-to-Wing-VC-Enterprise-Tech-30-2026-List-Celebrating-the-Best-of-Enterprise-Tech.html",
    "srcName": "GlobeNewswire（Retell 新闻稿，2026-04-03）",
    "kindShort": "ARR"
   }
  ],
  "latest": {
   "v": 50.0,
   "d": "2025-12",
   "kind": "ARR",
   "raw": "Voice AI startup grew to $50M ARR in 2025",
   "who": "官宣",
   "src": "https://www.globenewswire.com/de/news-release/2026/04/03/3268014/0/en/Voice-AI-Startup-Retell-AI-Named-to-Wing-VC-Enterprise-Tech-30-2026-List-Celebrating-the-Best-of-Enterprise-Tech.html",
   "srcName": "GlobeNewswire（Retell 新闻稿，2026-04-03）",
   "kindShort": "ARR"
  },
  "tier": "t50",
  "val": null,
  "pending": [
   {
    "raw": "2026-04 ARR $60M",
    "src": "https://theagentsindex.com/blog/ai-voice-agent-funding-vs-growth-2026/",
    "why": "只有聚合站来源"
   }
  ],
  "note": "语音智能体平台，几乎没融资（约 $510 万），公司称已盈利；日均处理电话量 5000 万+/月。",
  "funding": [
   {
    "date": "2024-08",
    "round": "种子轮",
    "amount": "$4.6M",
    "lead": "Alt Capital（Y Combinator、Carya Venture 及 Aaron Levie、Michael Seibel 等天使参与）",
    "post": "未披露",
    "src": "https://www.retellai.com/sv/blog/seed-announcement"
   }
  ],
  "total": "约 $5.1M（第三方汇总）"
 },
 {
  "n": "Praktika",
  "co": "Praktika",
  "url": "https://praktika.ai",
  "logo": "logos/praktika.png",
  "logoDark": false,
  "tags": [
   "教育"
  ],
  "hq": "",
  "country": "",
  "region": "",
  "founded": null,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [
   {
    "v": 50.0,
    "d": "2026-10",
    "kind": "ARR",
    "raw": "Praktika is now at $50M ARR",
    "who": "媒体·RevenueCat",
    "src": "https://www.revenuecat.com/blog/growth/adam-turaev-praktika-sub-club-podcast-2026",
    "srcName": "RevenueCat 博客（2026-10-28，创始人 Adam Turaev 访谈）",
    "kindShort": "ARR"
   }
  ],
  "series": [
   {
    "v": 50.0,
    "d": "2026-10",
    "kind": "ARR",
    "raw": "Praktika is now at $50M ARR",
    "who": "媒体·RevenueCat",
    "src": "https://www.revenuecat.com/blog/growth/adam-turaev-praktika-sub-club-podcast-2026",
    "srcName": "RevenueCat 博客（2026-10-28，创始人 Adam Turaev 访谈）",
    "kindShort": "ARR"
   }
  ],
  "latest": {
   "v": 50.0,
   "d": "2026-10",
   "kind": "ARR",
   "raw": "Praktika is now at $50M ARR",
   "who": "媒体·RevenueCat",
   "src": "https://www.revenuecat.com/blog/growth/adam-turaev-praktika-sub-club-podcast-2026",
   "srcName": "RevenueCat 博客（2026-10-28，创始人 Adam Turaev 访谈）",
   "kindShort": "ARR"
  },
  "tier": "t50",
  "val": null,
  "pending": [],
  "note": "AI 语言口语陪练 App，订阅制。总部与成立年份未在来源里核对，founded 为暂填。",
  "funding": [
   {
    "date": "2024-05",
    "round": "A 轮",
    "amount": "$35.5M",
    "lead": "Blossom Capital",
    "post": "未披露",
    "src": "https://www.blossomcap.com/portfolio/praktika-ai"
   }
  ],
  "total": "累计至少 $35.5M"
 },
 {
  "n": "Parloa",
  "co": "Parloa",
  "url": "https://www.parloa.com",
  "logo": "logos/parloa.png",
  "logoDark": false,
  "tags": [
   "AI 客服"
  ],
  "hq": "柏林 / 纽约",
  "country": "德国",
  "region": "欧洲",
  "founded": 2017,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [
   {
    "v": 50.0,
    "d": "2025-12",
    "kind": "ARR",
    "raw": "generating annual recurring revenue of more than $50 million (disclosed the previous month)",
    "who": "媒体·TechCrunch",
    "src": "https://techcrunch.com/2026/01/15/parloa-triples-its-valuation-in-8-months-to-3b-with-350m-raise/",
    "srcName": "TechCrunch",
    "kindShort": "ARR"
   },
   {
    "v": 50.0,
    "d": "2026-05",
    "kind": "ARR",
    "raw": "surpassed $50 million in annual recurring revenue, 150% net revenue retention",
    "who": "官宣",
    "src": "https://www.tmcnet.com/usubmit/-parloa-builds-off-350m-series-d-with-new-/2026/05/29/10391088.htm",
    "srcName": "Parloa 新闻稿 (PRNewswire)",
    "kindShort": "ARR"
   }
  ],
  "series": [
   {
    "v": 50.0,
    "d": "2025-12",
    "kind": "ARR",
    "raw": "generating annual recurring revenue of more than $50 million (disclosed the previous month)",
    "who": "媒体·TechCrunch",
    "src": "https://techcrunch.com/2026/01/15/parloa-triples-its-valuation-in-8-months-to-3b-with-350m-raise/",
    "srcName": "TechCrunch",
    "kindShort": "ARR"
   },
   {
    "v": 50.0,
    "d": "2026-05",
    "kind": "ARR",
    "raw": "surpassed $50 million in annual recurring revenue, 150% net revenue retention",
    "who": "官宣",
    "src": "https://www.tmcnet.com/usubmit/-parloa-builds-off-350m-series-d-with-new-/2026/05/29/10391088.htm",
    "srcName": "Parloa 新闻稿 (PRNewswire)",
    "kindShort": "ARR"
   }
  ],
  "latest": {
   "v": 50.0,
   "d": "2026-05",
   "kind": "ARR",
   "raw": "surpassed $50 million in annual recurring revenue, 150% net revenue retention",
   "who": "官宣",
   "src": "https://www.tmcnet.com/usubmit/-parloa-builds-off-350m-series-d-with-new-/2026/05/29/10391088.htm",
   "srcName": "Parloa 新闻稿 (PRNewswire)",
   "kindShort": "ARR"
  },
  "tier": "t50",
  "val": {
   "v": 3000.0,
   "d": "2026-01",
   "kind": "D 轮投后（3.5 亿美元）",
   "src": "https://techcrunch.com/2026/01/15/parloa-triples-its-valuation-in-8-months-to-3b-with-350m-raise/"
  },
  "pending": [],
  "note": "企业客服 AI 智能体管理平台（语音+聊天），与 SAP、微软、OpenAI 合作；数字为「超过 5000 万」下限，5 月新闻稿仍沿用该口径。",
  "funding": [
   {
    "date": "2022-05",
    "round": "种子轮",
    "amount": "$4.17M",
    "lead": "未披露",
    "post": "未披露",
    "src": "https://profiles.crustdata.com/company/parloa"
   },
   {
    "date": "2023-03",
    "round": "A 轮",
    "amount": "$21.8M",
    "lead": "EQT Ventures（Senovo、Newion 等参与）",
    "post": "未披露",
    "src": "https://profiles.crustdata.com/company/parloa"
   },
   {
    "date": "2024-04",
    "round": "B 轮",
    "amount": "$66M",
    "lead": "Altimeter Capital（Senovo、Newion、Mosaic Ventures、La Famiglia、EQT Ventures 参与）",
    "post": "未披露",
    "src": "https://profiles.crustdata.com/company/parloa"
   },
   {
    "date": "2025-05",
    "round": "C 轮",
    "amount": "$120M",
    "lead": "Durable Capital Partners、Altimeter Capital、General Catalyst 共同领投",
    "post": "估值 $1B",
    "src": "https://www.bloomberg.com/news/articles/2025-05-06/general-catalyst-co-leads-ai-funding-deal-valuing-parloa-at-1-billion"
   },
   {
    "date": "2026-01",
    "round": "D 轮",
    "amount": "$350M",
    "lead": "General Catalyst（EQT Ventures、Altimeter、Durable Capital、Mosaic Ventures 跟投）",
    "post": "估值 $3B",
    "src": "https://sifted.eu/articles/parloa-triples-valuation-350m-series-d-general-catalyst"
   }
  ],
  "total": "超过 $560M（Sifted、路透报道；各轮相加约 $562M）"
 },
 {
  "n": "CodeRabbit",
  "co": "CodeRabbit Inc.",
  "url": "https://www.coderabbit.ai",
  "logo": "logos/coderabbit.png",
  "logoDark": false,
  "tags": [
   "AI 编程"
  ],
  "hq": "旧金山",
  "country": "美国",
  "region": "北美",
  "founded": 2023,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [
   {
    "v": 15.0,
    "d": "2025-09",
    "kind": "ARR",
    "raw": "now making more than $15 million in annual recurring revenue (ARR), according to Gill",
    "who": "创始人",
    "src": "https://techcrunch.com/2025/09/16/coderabbit-raises-60m-valuing-the-2-year-old-ai-code-review-startup-at-550m/",
    "srcName": "TechCrunch",
    "kindShort": "ARR"
   },
   {
    "v": 50.0,
    "d": "2026-08",
    "kind": "ARR",
    "raw": "went from zero to over $50M in ARR (节目简介转述 CEO 访谈)",
    "who": "创始人",
    "src": "https://www.flexcapital.com/journal/coderabbit-ceo-harjot-gill-on-softwares-new-bottleneck-and-zero-to-50m-arr-in-2-years.html",
    "srcName": "Summation with Auren Hoffman 播客（Flex Capital 转载）",
    "kindShort": "ARR"
   }
  ],
  "series": [
   {
    "v": 15.0,
    "d": "2025-09",
    "kind": "ARR",
    "raw": "now making more than $15 million in annual recurring revenue (ARR), according to Gill",
    "who": "创始人",
    "src": "https://techcrunch.com/2025/09/16/coderabbit-raises-60m-valuing-the-2-year-old-ai-code-review-startup-at-550m/",
    "srcName": "TechCrunch",
    "kindShort": "ARR"
   },
   {
    "v": 50.0,
    "d": "2026-08",
    "kind": "ARR",
    "raw": "went from zero to over $50M in ARR (节目简介转述 CEO 访谈)",
    "who": "创始人",
    "src": "https://www.flexcapital.com/journal/coderabbit-ceo-harjot-gill-on-softwares-new-bottleneck-and-zero-to-50m-arr-in-2-years.html",
    "srcName": "Summation with Auren Hoffman 播客（Flex Capital 转载）",
    "kindShort": "ARR"
   }
  ],
  "latest": {
   "v": 50.0,
   "d": "2026-08",
   "kind": "ARR",
   "raw": "went from zero to over $50M in ARR (节目简介转述 CEO 访谈)",
   "who": "创始人",
   "src": "https://www.flexcapital.com/journal/coderabbit-ceo-harjot-gill-on-softwares-new-bottleneck-and-zero-to-50m-arr-in-2-years.html",
   "srcName": "Summation with Auren Hoffman 播客（Flex Capital 转载）",
   "kindShort": "ARR"
  },
  "tier": "t50",
  "val": {
   "v": 1500.0,
   "d": "2026-08",
   "kind": "C 轮（1.43 亿美元）投后",
   "src": "https://www.axios.com/pro/enterprise-software-deals/2026/08/12/coderabbit-raise-acquisitions-ai-code-review"
  },
  "pending": [
   {
    "raw": "ARR 约 4000 万（2026-04）/ 近 1 亿（Q2）等",
    "src": "https://www.arr.club/coderabbit/coderabbit-arr-nearing-100m-with-50-growth-in-q2-alone",
    "why": "只有 ARR Club/聚合站；Series C 官方稿只说收入同比 5x、17000 客户，未给 ARR"
   }
  ],
  "note": "AI 代码评审（PR review），GitHub/GitLab 上安装量最高的 AI 应用之一；8 月融资官方稿未披露 ARR，5000 万来自 CEO 播客访谈，建议找原音频复核。",
  "funding": [
   {
    "date": "2024-03",
    "round": "种子轮",
    "amount": "未披露",
    "lead": "未披露",
    "post": "未披露",
    "src": "https://www.caplight.com/company/coderabbit"
   },
   {
    "date": "2024-08",
    "round": "A 轮",
    "amount": "$16M",
    "lead": "CRV（Flex Capital、Engineering Capital 参与）",
    "post": "未披露",
    "src": "https://www.coderabbit.ai/blog/coderabbit-announces-16m-series-a-funding-led-by-crv"
   },
   {
    "date": "2025-01",
    "round": "可转债",
    "amount": "未披露",
    "lead": "未披露",
    "post": "未披露",
    "src": "https://www.caplight.com/company/coderabbit"
   },
   {
    "date": "2025-09",
    "round": "B 轮",
    "amount": "$60M",
    "lead": "Scale Venture Partners（NVentures、CRV、Harmony Partners、Flex Capital、Engineering Capital、Pelion 参与）",
    "post": "估值 $550M（TechCrunch 报道）",
    "src": "https://latestrounds.com/companies/coderabbit"
   },
   {
    "date": "2026-08",
    "round": "C 轮",
    "amount": "$143M",
    "lead": "Atomico、Smash Capital 共同领投（Datadog、BMW i Ventures、Nvidia 等参与）",
    "post": "估值 $1.5B",
    "src": "https://www.nasdaq.com/press-release/coderabbit-raises-143-million-15-billion-valuation-and-introduces-agentic-change"
   }
  ],
  "total": "约 $219M（A+B+C 相加）；Tracxn 记 $231M，Caplight 记 $230.6M"
 },
 {
  "n": "Pika",
  "co": "",
  "url": "",
  "logo": "logos/pika.png",
  "logoDark": false,
  "tags": [],
  "hq": "",
  "country": "",
  "region": "",
  "founded": null,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [],
  "series": [],
  "latest": null,
  "tier": "",
  "val": null,
  "pending": [
   {
    "raw": "ARR 约 $85M（第三方口径），2026 营收预测 $130M+",
    "src": "http://www.woshipm.com/ai/6473644.html",
    "why": "只有中文自媒体来源，公司自 2024 B 轮后未披露"
   }
  ],
  "note": "",
  "funding": [
   {
    "date": "2023",
    "round": "A 轮",
    "amount": "未披露",
    "lead": "Lightspeed Venture Partners",
    "post": "未披露",
    "src": "https://www.bloomberg.com/news/articles/2024-06-05/spark-capital-jared-leto-back-ai-video-startup-pika"
   },
   {
    "date": "2024-06",
    "round": "B 轮",
    "amount": "$80M",
    "lead": "Spark Capital（Greycroft、Lightspeed、Jared Leto 跟投）",
    "post": "约 $470M（Pika 称；Multiples 记 $700M，GetLatka 记 $250M，来源冲突）",
    "src": "https://www.bloomberg.com/news/articles/2024-06-05/spark-capital-jared-leto-back-ai-video-startup-pika"
   }
  ],
  "total": "累计约 $135M（公司口径）"
 },
 {
  "n": "Luma AI",
  "co": "",
  "url": "",
  "logo": "logos/lumaai.png",
  "logoDark": false,
  "tags": [],
  "hq": "",
  "country": "",
  "region": "",
  "founded": null,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [],
  "series": [],
  "latest": null,
  "tier": "",
  "val": null,
  "pending": [
   {
    "raw": "~$80M ARR 2026（Sacra/morphed 估算）",
    "src": "https://clinkbill.com/arr-leaderboard/luma",
    "why": "聚合站，且另一来源称去年 12 月年化约 $800 万，口径冲突，公司未披露"
   }
  ],
  "note": "",
  "funding": [
   {
    "date": "2021-10",
    "round": "种子轮",
    "amount": "$4M",
    "lead": "未披露",
    "post": "未披露",
    "src": "https://multiples.vc/private-comps/luma-ai"
   },
   {
    "date": "2024-01",
    "round": "B 轮",
    "amount": "未披露",
    "lead": "未披露",
    "post": "估值约 $500M（第三方）",
    "src": "https://multiples.vc/private-comps/luma-ai"
   },
   {
    "date": "2025-11",
    "round": "C 轮",
    "amount": "$900M",
    "lead": "HUMAIN（沙特 PIF 旗下；AMD Ventures、a16z、Amplify、Matrix 参与）",
    "post": "估值超 $4B",
    "src": "https://www.cnbc.com/amp/2025/11/19/luma-ai-raises-900-million-in-funding-led-by-saudi-ai-firm-humain.html"
   }
  ],
  "total": "第三方 Multiples 汇总 5 轮共约 $1.1B"
 },
 {
  "n": "Descript",
  "co": "",
  "url": "",
  "logo": "logos/descript.png",
  "logoDark": false,
  "tags": [],
  "hq": "",
  "country": "",
  "region": "",
  "founded": null,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [],
  "series": [],
  "latest": null,
  "tier": "",
  "val": null,
  "pending": [
   {
    "raw": "$100M+ ARR / 年化接近 $1 亿",
    "src": "https://geo.sig.ai/brands/descript",
    "why": "聚合站；另有 $55M ARR(2024 末)说法，无一手来源"
   }
  ],
  "note": "",
  "funding": [
   {
    "date": "2022-11",
    "round": "C 轮",
    "amount": "$50M",
    "lead": "OpenAI Startup Fund（a16z、Redpoint、Spark Capital、Daniel Gross 参与）",
    "post": "未披露（The Information 报道约 $5.5亿）",
    "src": "https://techcrunch.com/2022/11/15/ai-powered-media-editing-app-descript-lands-fresh-cash-from-openai/"
   }
  ],
  "total": "累计 $1亿（截至 C 轮，TechCrunch）"
 },
 {
  "n": "Jasper",
  "co": "",
  "url": "",
  "logo": "logos/jasper.png",
  "logoDark": false,
  "tags": [],
  "hq": "",
  "country": "",
  "region": "",
  "founded": null,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [],
  "series": [],
  "latest": null,
  "tier": "",
  "val": null,
  "pending": [
   {
    "raw": "$88M ARR / 年收 2025",
    "src": "https://presenc.ai/research/marketing-ai-tools-landscape-2026",
    "why": "第三方估算，公司未披露；各来源称近三年持平 $80-88M"
   }
  ],
  "note": "",
  "funding": [
   {
    "date": "2022-10",
    "round": "A 轮",
    "amount": "$125M",
    "lead": "Insight Partners（Coatue、Bessemer、IVP、Foundation Capital、HubSpot Ventures 等参与）",
    "post": "估值 $1.5B",
    "src": "https://www.jasper.ai/blog/jasper-announces-125m-series-a-funding"
   }
  ],
  "total": "约 $131M（第三方口径，含种子）"
 },
 {
  "n": "Factory",
  "co": "",
  "url": "",
  "logo": "logos/factory.png",
  "logoDark": false,
  "tags": [],
  "hq": "",
  "country": "",
  "region": "",
  "founded": null,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [],
  "series": [],
  "latest": null,
  "tier": "",
  "val": null,
  "pending": [
   {
    "raw": "~$60M 收入",
    "src": "https://www.linkedin.com/posts/ultanorourke_one-company-on-this-list-earns-more-than-activity-7498068806636941312-pEvb",
    "why": "LinkedIn 排行帖，无一手来源"
   }
  ],
  "note": "",
  "funding": [
   {
    "date": "2023-11",
    "round": "种子轮",
    "amount": "$5M",
    "lead": "Sequoia Capital",
    "post": "未披露",
    "src": "https://sacra.com/c/factory/"
   },
   {
    "date": "2024",
    "round": "A 轮",
    "amount": "$15M（四轮合计 $220M 倒推，未见单轮公告）",
    "lead": "Sequoia Capital",
    "post": "约 $120M（第三方）",
    "src": "https://continuumcode.ai/guides/factory-ai-funding/"
   },
   {
    "date": "2025",
    "round": "B 轮",
    "amount": "$50M",
    "lead": "NEA",
    "post": "约 $300M（第三方）",
    "src": "https://www.linkedin.com/posts/grishinrobotics_matan-grinberg-was-a-uc-berkeley-physics-activity-7450880190433443840-ec-a"
   },
   {
    "date": "2026-04",
    "round": "C 轮",
    "amount": "$150M",
    "lead": "Khosla Ventures（Sequoia、Insight、Blackstone、NEA、Evantic 等参与；Keith Rabois 进董事会）",
    "post": "估值 $1.5B",
    "src": "https://www.linkedin.com/posts/grishinrobotics_matan-grinberg-was-a-uc-berkeley-physics-activity-7450880190433443840-ec-a"
   },
   {
    "date": "2026-09",
    "round": "新一轮（未标轮次）",
    "amount": "$200M",
    "lead": "未披露（Factory 未点名领投；Blackstone、Khosla、Sequoia、Insight、Evantic、Sound Ventures、NEA、Mantis、Clearlake 参与）",
    "post": "估值 $5B",
    "src": "https://runtimewire.com/article/factory-raises-200m-5b-valuation-enterprise-ai-coding"
   }
  ],
  "total": "超 $400M（Sacra）"
 },
 {
  "n": "Bolt (StackBlitz)",
  "co": "",
  "url": "",
  "logo": "logos/boltstackblitz.png",
  "logoDark": false,
  "tags": [],
  "hq": "",
  "country": "",
  "region": "",
  "founded": null,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [],
  "series": [],
  "latest": null,
  "tier": "",
  "val": null,
  "pending": [
   {
    "raw": "Bolt $100M+ ARR (2026)",
    "src": "https://onepc.org/zh-CN/track/vibe-coding-nl-app-builders",
    "why": "只有聚合站；一手可查的最高数为创始人称 ~$40M ARR（2025 年约第 5 个月），低于 $50M 线"
   }
  ],
  "note": "",
  "funding": [
   {
    "date": "2022",
    "round": "种子轮",
    "amount": "$7.9M",
    "lead": "Greylock",
    "post": "未披露",
    "src": "https://www.linkedin.com/posts/tobi-daniel-adelaja-b535b030_ainative-startups-agents-activity-7491103281415544832-68cT"
   },
   {
    "date": "2025-01",
    "round": "B 轮",
    "amount": "$105.5M",
    "lead": "Emergence Capital、GV（Madrona、Conviction、Mantis 参与）",
    "post": "约 $7亿（Bloomberg 报道，公司未公布）",
    "src": "https://multiples.vc/private-comps/stackblitz#1"
   }
  ],
  "total": "累计约 $1.06亿（SVTR 口径）"
 },
 {
  "n": "Scale AI",
  "co": "Scale AI",
  "url": "https://scale.com",
  "logo": "logos/scaleai.png",
  "logoDark": false,
  "tags": [
   "数据"
  ],
  "hq": "旧金山",
  "country": "美国",
  "region": "北美",
  "founded": 2016,
  "status": "private",
  "owner": "Meta 持股 49%",
  "ref": false,
  "pts": [],
  "series": [],
  "latest": null,
  "tier": "",
  "val": null,
  "pending": [
   {
    "raw": "CEO Jason Droege 称 2026 年收入预计超 $10 亿；企业业务年化已达 $2 亿",
    "src": "https://en.theblockbeats.news/flash/346164",
    "why": "预测口径；且只有 BlockBeats 转述，未找到原报道"
   },
   {
    "raw": "2024 年收入 $8.7 亿",
    "src": "https://m.hexun.com/stock/2025-08-05/220735030.html",
    "why": "只有券商研报二次转述；另有来源称 2025 年约 $20 亿，口径互相冲突"
   }
  ],
  "note": "数据标注龙头，2025-06 Meta 以约 $143 亿买下 49%。没找到一手可靠的最新收入数字。",
  "funding": [
   {
    "date": "2021-04",
    "round": "E 轮",
    "amount": "$325M",
    "lead": "Greenoaks、Tiger Global（共同领投；Wellington、Durable、Coatue、Index、Founders Fund、YC 参与）",
    "post": "估值约 $7.3B",
    "src": "https://www.zoominfo.com/financial/scale-ai-inc/453091427"
   },
   {
    "date": "2024-05",
    "round": "F 轮",
    "amount": "$1B（含部分二级）",
    "lead": "Accel（Nvidia、Amazon、Meta、Coatue、Tiger Global 等参与）",
    "post": "估值 $13.8B",
    "src": "https://techcrunch.com/2024/05/21/data-labeling-startup-scale-ai-raises-1b-as-valuation-doubles-to-13-8b/"
   },
   {
    "date": "2025-06",
    "round": "战略投资",
    "amount": "$14.3B（Meta 取得 49% 无投票权股权）",
    "lead": "Meta",
    "post": "估值超 $29B",
    "src": "https://raymondjames.websol.barchart.com/?module=topNews&storyID=32859072&selected=news&symbol=&region=CA"
   }
  ],
  "total": "未披露（2021 前轮次未列）"
 },
 {
  "n": "EvenUp",
  "co": "EvenUp",
  "url": "https://www.evenuplaw.com",
  "logo": "logos/evenup.png",
  "logoDark": false,
  "tags": [
   "法律"
  ],
  "hq": "旧金山",
  "country": "美国",
  "region": "北美",
  "founded": 2019,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [],
  "series": [],
  "latest": null,
  "tier": "",
  "val": null,
  "pending": [
   {
    "raw": "ARR 约 $1 亿（2026-07），两年增长 5 倍",
    "src": "https://www.arr.club/signal/evenup-arr-hit-100m-with-rapid-growth-trajectory",
    "why": "只有 ARR Club 等聚合站来源"
   }
  ],
  "note": "人身伤害律所的案件材料 AI 生成；客户超 2000 家。",
  "funding": [
   {
    "date": "2023",
    "round": "B 轮",
    "amount": "$51M",
    "lead": "Bessemer Venture Partners",
    "post": "未披露",
    "src": "https://multiples.vc/private-comps/evenup"
   },
   {
    "date": "2024-10",
    "round": "D 轮",
    "amount": "$135M",
    "lead": "未披露",
    "post": "估值超 $1B",
    "src": "https://news.crunchbase.com/venture/legal-tech-ai-unicorn-evenup-ai-doubles-valuation/"
   },
   {
    "date": "2025-10",
    "round": "E 轮",
    "amount": "$150M",
    "lead": "Bessemer Venture Partners（REV、SignalFire、B Capital、Adams Street、Bain Capital Ventures、HarbourVest、Lightspeed、Premji 等参与）",
    "post": "估值超 $2B",
    "src": "https://news.crunchbase.com/venture/legal-tech-ai-unicorn-evenup-ai-doubles-valuation/"
   }
  ],
  "total": "约 $385M（Crunchbase News，自 2019 成立）"
 },
 {
  "n": "Lambda",
  "co": "Lambda, Inc.",
  "url": "https://lambda.ai",
  "logo": "logos/lambda.png",
  "logoDark": false,
  "tags": [
   "AI Infra"
  ],
  "hq": "旧金山",
  "country": "美国",
  "region": "北美",
  "founded": 2012,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [],
  "series": [],
  "latest": null,
  "tier": "",
  "val": null,
  "pending": [
   {
    "raw": "预计 2026 年营收超 $15 亿",
    "src": "https://nai500.com/blog/2026/08/sprinting-toward-ipo-lambdas-latest-fundraising-and-valuation-game-reveals-new-logic-in-ai-computing-capital/",
    "why": "预测口径，且只有聚合站转述；截至 2026-10-28 未见公开 S-1"
   }
  ],
  "note": "GPU 云，IPO 筹备中，尚未上市。",
  "funding": [
   {
    "date": "2024-02",
    "round": "C 轮",
    "amount": "约 $3.2亿",
    "lead": "US Innovative Technology Fund (USIT)",
    "post": "未披露",
    "src": "https://sahin.io/angel-investments/lambda"
   },
   {
    "date": "2025-02",
    "round": "D 轮",
    "amount": "$480M",
    "lead": "未披露",
    "post": "未披露",
    "src": "https://www.kucoin.com/news/flash/lambda-eyes-3b-raise-and-2026-ipo-as-gpu-cloud-computing-grows"
   },
   {
    "date": "2025-11",
    "round": "E 轮",
    "amount": "$1.5B",
    "lead": "未披露",
    "post": "未披露",
    "src": "https://www.kucoin.com/news/flash/lambda-eyes-3b-raise-and-2026-ipo-as-gpu-cloud-computing-grows"
   },
   {
    "date": "2026-10",
    "round": "拟进行的 IPO 前融资（媒体报道，未官宣）",
    "amount": "最高 $40亿",
    "lead": "Blackstone、Coatue（据 WSJ 援引知情人士）",
    "post": "投前 $145亿",
    "src": "https://techfundingnews.com/nvidia-backed-lambda-eyes-4b-at-14-5b-valuation-from-blackstone-and-coatue-before-2027-ipo-report/"
   }
  ],
  "total": "E 轮前累计股权超 $23亿（TFN 口径）"
 },
 {
  "n": "Crusoe",
  "co": "Crusoe Energy",
  "url": "https://www.crusoe.ai",
  "logo": "logos/crusoe.png",
  "logoDark": false,
  "tags": [
   "AI Infra"
  ],
  "hq": "旧金山",
  "country": "美国",
  "region": "北美",
  "founded": 2018,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [],
  "series": [],
  "latest": null,
  "tier": "",
  "val": null,
  "pending": [
   {
    "raw": "2025 年收入约 $5.35 亿，2026 指引 $13 亿；另有来源写 2025 约 $20 亿、2026 约 $22 亿",
    "src": "https://axevil.com/company/crusoe",
    "why": "聚合站来源，且几个来源口径互相冲突、含预测"
   }
  ],
  "note": "AI 数据中心加自有电力（Stargate Abilene 开发商）。",
  "funding": [
   {
    "date": "2022",
    "round": "C 轮",
    "amount": "约 $350M–$505M（来源不一）",
    "lead": "未披露（Founders Fund、Nvidia 参与）",
    "post": "估值 $1.75B",
    "src": "https://www.rainmakersecurities.com/company-profiles/crusoe-pre-ipo"
   },
   {
    "date": "2024-12",
    "round": "D 轮",
    "amount": "$600M",
    "lead": "Founders Fund",
    "post": "估值 $2.8B",
    "src": "https://streetzero.com/deals/crusoe-ae8847"
   },
   {
    "date": "2025-10",
    "round": "E 轮",
    "amount": "$1.375B（首次交割）",
    "lead": "Valor Equity Partners、Mubadala Capital（共同领投；Nvidia、Fidelity、Founders Fund、Altimeter 等参与）",
    "post": "估值超 $10B",
    "src": "https://markets.businessinsider.com/news/stocks/ai-factory-company-crusoe-raises-1-375b-at-valuation-above-10b-1035426303"
   },
   {
    "date": "2026-09",
    "round": "F 轮（据 Bloomberg 报道）",
    "amount": "超 $3B",
    "lead": "Atreides Management、Valor Equity Partners（共同领投；Mubadala Capital 参与）",
    "post": "投后约 $30B",
    "src": "https://www.siliconrepublic.com/business/ai-infrastructure-company-crusoe-raises-3bn-in-funding-investment"
   }
  ],
  "total": "未披露"
 },
 {
  "n": "Groq",
  "co": "Groq",
  "url": "https://groq.com",
  "logo": "logos/groq.png",
  "logoDark": false,
  "tags": [
   "AI Infra"
  ],
  "hq": "山景城",
  "country": "美国",
  "region": "北美",
  "founded": 2016,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [],
  "series": [],
  "latest": null,
  "tier": "",
  "val": null,
  "pending": [
   {
    "raw": "2025 年收入预计 $5 亿（券商研报）；$9000 万（2025-09，聚合站）",
    "src": "https://stock.finance.sina.com.cn/stock/view/paper.php?reportid=820497719023&symbol=sh000001",
    "why": "预测口径与聚合站，两处差距悬殊"
   }
  ],
  "note": "2025-12-24 英伟达以约 $200 亿获得非独家授权并挖走大部分团队，Groq 并未被收购，GroqCloud 继续独立运营。",
  "funding": [
   {
    "date": "2024-08",
    "round": "D 轮",
    "amount": "$640M",
    "lead": "BlackRock（Verdure、Ventioneers、Uncork、Type One、Trajectory 参与）",
    "post": "未披露",
    "src": "https://profiles.crustdata.com/company/groq"
   },
   {
    "date": "2025-09",
    "round": "E 轮",
    "amount": "$750M",
    "lead": "Disruptive（Samsung Catalyst、Cisco、BlackRock、Neuberger Berman 等参与）",
    "post": "估值 $6.9B",
    "src": "https://www.cnbc.com/amp/2025/12/24/nvidia-buying-ai-chip-startup-groq-for-about-20-billion-biggest-deal.html"
   },
   {
    "date": "2025-12",
    "round": "资产收购/技术授权（Groq 称非排他授权）",
    "amount": "约 $20B 现金（CNBC 引 Disruptive CEO）",
    "lead": "Nvidia（买走核心芯片资产，不含云业务；CEO 等高管加入 Nvidia）",
    "post": "",
    "src": "https://www.cnbc.com/amp/2025/12/24/nvidia-buying-ai-chip-startup-groq-for-about-20-billion-biggest-deal.html"
   },
   {
    "date": "2026-08",
    "round": "新一轮",
    "amount": "$350M",
    "lead": "Disruptive（Nvidia 参与）",
    "post": "估值 $3.5B",
    "src": "https://www.mobileworldlive.com/ai-cloud/groq-valuation-halves-to-3-5b-in-new-funding-round/"
   }
  ],
  "total": "Crustdata 记录累计 $2.75B（截至 E 轮，第三方）"
 },
 {
  "n": "Exa",
  "co": "Exa Labs",
  "url": "https://exa.ai",
  "logo": "logos/exa.png",
  "logoDark": false,
  "tags": [
   "AI 搜索",
   "AI Infra"
  ],
  "hq": "旧金山",
  "country": "美国",
  "region": "北美",
  "founded": 2021,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [],
  "series": [],
  "latest": null,
  "tier": "",
  "val": null,
  "pending": [
   {
    "raw": "CEO William Bryk 推文称年化超 $1 亿（2026-10）",
    "src": "https://x.com/WilliamBryk/status/2110058915589464192",
    "why": "推文页无法打开核对（402），数字沿用原有图谱"
   }
  ],
  "note": "面向 AI 智能体的搜索 API。",
  "funding": [
   {
    "date": "2022-01",
    "round": "种子轮",
    "amount": "$5M",
    "lead": "未披露",
    "post": "未披露",
    "src": "https://app.uselegion.com/c/exa-1b30"
   },
   {
    "date": "2024-07",
    "round": "A 轮",
    "amount": "$17M（uselegion；另有来源记 $22M）",
    "lead": "Lightspeed",
    "post": "未披露",
    "src": "https://app.uselegion.com/c/exa-1b30"
   },
   {
    "date": "2025-09",
    "round": "B 轮",
    "amount": "$85M",
    "lead": "Benchmark（Lightspeed、NVentures、Y Combinator 参与）",
    "post": "投后 $7亿",
    "src": "https://multiples.vc/private-comps/exa#1"
   },
   {
    "date": "2026-05",
    "round": "C 轮",
    "amount": "$250M",
    "lead": "未披露（参与：a16z、Benchmark、Lightspeed、NVentures）",
    "post": "投后 $22亿",
    "src": "https://app.uselegion.com/c/exa-1b30"
   }
  ],
  "total": "累计约 $3.55亿（CB Insights 口径）"
 },
 {
  "n": "Pindrop",
  "co": "Pindrop Security",
  "url": "https://www.pindrop.com",
  "logo": "logos/pindrop.png",
  "logoDark": false,
  "tags": [
   "安全",
   "语音音乐"
  ],
  "hq": "亚特兰大",
  "country": "美国",
  "region": "北美",
  "founded": 2011,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [],
  "series": [],
  "latest": null,
  "tier": "",
  "val": null,
  "pending": [
   {
    "raw": "ARR 超 $1 亿（2025-04，Forbes）；CEO 2026-04 称「远超 1 亿美元」（Mergermarket）",
    "src": "https://www.forbes.com/sites/stephenpastis/2025/04/24/this-fraud-detection-startup-made-100-million-protecting-against-deepfake-calls/",
    "why": "Forbes 页面 403 无法打开核对，数字沿用原有图谱"
   }
  ],
  "note": "电话与会议深度伪造语音检测。",
  "funding": [
   {
    "date": "2013-06",
    "round": "A 轮",
    "amount": "$11M",
    "lead": "Andreessen Horowitz",
    "post": "",
    "src": "https://profiles.crustdata.com/company/pindrop-631639"
   },
   {
    "date": "2015-02",
    "round": "B 轮",
    "amount": "$35M",
    "lead": "IVP",
    "post": "",
    "src": "https://profiles.crustdata.com/company/pindrop-631639"
   },
   {
    "date": "2018-12",
    "round": "D 轮",
    "amount": "$90M",
    "lead": "Vitruvian Partners（IVP、GV、Goldman Sachs、EDBI 参与）",
    "post": "",
    "src": "https://profiles.crustdata.com/company/pindrop-631639"
   },
   {
    "date": "2024-07",
    "round": "债务融资",
    "amount": "$100M",
    "lead": "Hercules Capital",
    "post": "据报道估值约 $925M",
    "src": "https://finance.yahoo.com/news/voice-real-ai-startup-says-120003214.html"
   }
  ],
  "total": "累计约 $323M–$334M（Crustdata $323M；CB Insights $333.5M）"
 },
 {
  "n": "Cyera",
  "co": "Cyera",
  "url": "https://www.cyera.com",
  "logo": "logos/cyera.png",
  "logoDark": false,
  "tags": [
   "安全"
  ],
  "hq": "纽约",
  "country": "美国",
  "region": "北美",
  "founded": 2021,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [],
  "series": [],
  "latest": null,
  "tier": "",
  "val": null,
  "pending": [
   {
    "raw": "ARR 超 $1.5 亿（TechCrunch 引知情人）",
    "src": "https://finance.yahoo.com/markets/stocks/articles/cyera-eyes-12b-valuation-80x-225056672.html",
    "why": "公司发言人称该数字「严重不准确」，口径有争议，未打开核对"
   }
  ],
  "note": "AI 数据安全平台。",
  "funding": [
   {
    "date": "2023-06",
    "round": "B 轮",
    "amount": "$100M",
    "lead": "未披露",
    "post": "未披露",
    "src": "https://sacra.com/c/cyera/"
   },
   {
    "date": "2024-04",
    "round": "C 轮",
    "amount": "$300M",
    "lead": "未披露",
    "post": "估值 $1.4B",
    "src": "https://www.securityweek.com/cyera-raises-400-million-at-9-billion-valuation/"
   },
   {
    "date": "2024-11",
    "round": "D 轮",
    "amount": "$300M",
    "lead": "未披露",
    "post": "估值 $3B",
    "src": "https://www.securityweek.com/cyera-raises-400-million-at-9-billion-valuation/"
   },
   {
    "date": "2025-06",
    "round": "E 轮",
    "amount": "$540M",
    "lead": "Georgian、Greenoaks、Lightspeed 共同领投（第三方 Revenue Memo）",
    "post": "估值 $6B",
    "src": "https://www.revenuememo.com/p/cyera-funding"
   },
   {
    "date": "2026-01",
    "round": "F 轮",
    "amount": "$400M",
    "lead": "Blackstone（Accel、Coatue、Cyberstarts、Georgian、Greenoaks、Lightspeed、Redpoint、Sapphire、Sequoia、Spark 参与）",
    "post": "估值 $9B",
    "src": "https://www.securityweek.com/cyera-raises-400-million-at-9-billion-valuation/"
   },
   {
    "date": "2026-06",
    "round": "G 轮",
    "amount": "$600M",
    "lead": "Evolution Equity Partners",
    "post": "估值 $12B",
    "src": "https://www.bankinfosecurity.net/blogs/cyeras-latest-funding-haul-raises-ipo-or-sale-question-p-4194"
   },
   {
    "date": "2026-09",
    "round": "G 轮追加",
    "amount": "$400M",
    "lead": "Goldman Sachs",
    "post": "估值 $12B（同 G 轮）",
    "src": "https://www.bankinfosecurity.net/blogs/cyeras-latest-funding-haul-raises-ipo-or-sale-question-p-4194"
   }
  ],
  "total": "超 $1.7B（截至 F 轮，SecurityWeek）；G 轮及追加另计"
 },
 {
  "n": "Neon",
  "co": "Neon",
  "url": "https://neon.com",
  "logo": "logos/neon.png",
  "logoDark": false,
  "tags": [
   "AI Infra"
  ],
  "hq": "旧金山",
  "country": "美国",
  "region": "北美",
  "founded": 2021,
  "status": "acquired",
  "owner": "Databricks",
  "ref": false,
  "pts": [],
  "series": [],
  "latest": null,
  "tier": "",
  "val": null,
  "pending": [
   {
    "raw": "Lakebase（Databricks 的 Postgres 产品）已超过 $1 亿 revenue run rate",
    "src": "https://www.crn.com/news/ai/2026/databricks-raises-5b-in-latest-funding-round-discloses-latest-financial-performance-stats",
    "why": "该数字是 Databricks 的 Lakebase 产品线，文中没提 Neon，不能算 Neon 独立收入"
   }
  ],
  "note": "Serverless Postgres，被 Databricks 收购后做成 Lakebase。",
  "funding": [
   {
    "date": "2022",
    "round": "A 轮",
    "amount": "$30M",
    "lead": "未披露",
    "post": "未披露",
    "src": "https://www.edgeir.com/serverless-postgres-provider-neon-scores-46m-in-series-b-funding-round-20230803"
   },
   {
    "date": "2023-08",
    "round": "B 轮",
    "amount": "$46M",
    "lead": "Menlo Ventures（Founders Fund、General Catalyst、GGV、Khosla、Elad Gil 老股东跟投；Snowflake Ventures、Databricks 新进）",
    "post": "未披露",
    "src": "https://www.edgeir.com/serverless-postgres-provider-neon-scores-46m-in-series-b-funding-round-20230803"
   },
   {
    "date": "2025-05",
    "round": "被收购",
    "amount": "约 $10亿（报道）",
    "lead": "Databricks",
    "post": "未披露",
    "src": "https://venturebeat.com/data-infrastructure/the-1-billion-database-bet-what-databricks-neon-acquisition-means-for-your-ai-strategy"
   }
  ],
  "total": "约 $1.04亿–$1.3亿（口径不一：B 轮时 $104M，被收购时 multiples 记 $130M）"
 },
 {
  "n": "Nscale",
  "co": "Nscale",
  "url": "https://www.nscale.com",
  "logo": "logos/nscale.png",
  "logoDark": false,
  "tags": [
   "AI Infra"
  ],
  "hq": "伦敦",
  "country": "英国",
  "region": "欧洲",
  "founded": 2024,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [],
  "series": [],
  "latest": null,
  "tier": "",
  "val": null,
  "pending": [
   {
    "raw": "Q2 2026 营收超 1 亿美元（Q1 约 3700 万）；上半年营收 1.406 亿美元",
    "src": "https://techfundingnews.com/nscale-eyes-us-ipo-after-revealing-51b-ai-contract-backlog/",
    "why": "是季度/半年实际营收（Bloomberg 转述 IPO 材料），非年化口径，按规矩不换算；合同积压 1030 亿美元不是收入"
   }
  ],
  "note": "仅待核：英国 GPU 云（Anthropic 等大合同），准备美国 IPO。待 IPO 招股书出来再取年化口径。",
  "funding": [
   {
    "date": "2024-12",
    "round": "A 轮",
    "amount": "$155M",
    "lead": "Sandton Capital Partners（Kestrel 0x1、Blue Sky Capital、Florence Capital 参与）",
    "post": "未披露",
    "src": "https://www.startup.eu/investments/nscale-155-m-series-a-12-2024"
   },
   {
    "date": "2025-09",
    "round": "B 轮",
    "amount": "$1.1B",
    "lead": "Aker ASA（Sandton、Nvidia、Dell、Nokia、Blue Owl、Fidelity、G Squared、Point72、T.Capital 参与）",
    "post": "估值 $3.1B（第三方 Multiples）",
    "src": "https://www.siliconrepublic.com/start-ups/nscale-433m-pre-series-c-safe-1-1bn-series-b-nvidia-dell"
   },
   {
    "date": "2025-10",
    "round": "Pre-C SAFE",
    "amount": "$433M",
    "lead": "未披露（Nvidia、Dell、Nokia、Blue Owl 等参与）",
    "post": "未披露",
    "src": "https://www.bloomberg.com/news/articles/2025-10-01/nscale-raises-433-million-days-after-closing-1-1-billion-round"
   },
   {
    "date": "2026-03",
    "round": "C 轮",
    "amount": "$2B",
    "lead": "Aker ASA、8090 Industries 共同领投（Nvidia、Dell、Citadel、Jane Street、Lenovo 等参与）",
    "post": "估值 $14.6B",
    "src": "https://www.cnbc.com/2026/03/09/nscale-ai-data-center-nvidia-raise.html"
   }
  ],
  "total": "约 $3.7B（按上面各轮相加）"
 },
 {
  "n": "Fluidstack",
  "co": "Fluidstack",
  "url": "https://www.fluidstack.io",
  "logo": "logos/fluidstack.png",
  "logoDark": false,
  "tags": [
   "AI Infra"
  ],
  "hq": "伦敦",
  "country": "英国",
  "region": "欧洲",
  "founded": 2017,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [],
  "series": [],
  "latest": null,
  "tier": "",
  "val": null,
  "pending": [
   {
    "raw": "ARR 约 1.8 亿美元（2024）；2026 预计营收约 6.6 亿",
    "src": "https://clinkbill.com/arr-leaderboard/fluidstack",
    "why": "只有聚合站 + Sacra 对话页，2026 数字是预测；未找到 Bloomberg/The Information 原文"
   }
  ],
  "note": "仅待核：Anthropic 500 亿美元数据中心项目的运营方，估值约 180 亿。",
  "funding": [
   {
    "date": "2019-02",
    "round": "种子轮",
    "amount": "$3M",
    "lead": "未披露",
    "post": "未披露",
    "src": "https://tracxn.com/d/companies/fluidstack/__Ji1SZpdm1qvFKvAP2LkNxy7J9gqN2uoHCG0DHWBS600/funding-and-investors"
   },
   {
    "date": "2025-02",
    "round": "早期轮（Tracxn 标 A 轮）",
    "amount": "$200M",
    "lead": "Cacti（据 fobi 汇总）",
    "post": "未披露",
    "src": "https://www.fobi.com/cloud-edge/companies/fluidstack"
   },
   {
    "date": "2026-01",
    "round": "A 轮（2026-07-20 公告）",
    "amount": "$830M",
    "lead": "Situational Awareness",
    "post": "估值 $7.5B",
    "src": "https://siliconangle.com/2026/07/21/ai-data-center-builder-fluidstack-raises-830m-7-5b-valuation/"
   },
   {
    "date": "2026-09",
    "round": "B 轮（据 Forbes 报道，公司未确认）",
    "amount": "$1.5B",
    "lead": "Jane Street",
    "post": "估值超 $18B（Forbes）",
    "src": "https://www.7gc.co/news/fluidstack-the-airbnb-for-gpus-became-at-18b-infra-giant"
   }
  ],
  "total": "未披露（Tracxn 记 $2.55B，含 2026-09 报道轮次；CB Insights 记 $2.33B，口径不同）"
 },
 {
  "n": "Commure",
  "co": "Commure",
  "url": "https://www.commure.com",
  "logo": "logos/commure.png",
  "logoDark": false,
  "tags": [
   "医疗"
  ],
  "hq": "山景城",
  "country": "美国",
  "region": "北美",
  "founded": 2017,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [],
  "series": [],
  "latest": null,
  "tier": "",
  "val": {
   "v": 7000.0,
   "d": "2026-05",
   "kind": "投后（7000 万美元轮）",
   "src": "https://www.investing.com/news/stock-market-news/healthcare-ai-firm-commure-valued-at-7-billion-raises-70-million-4699112"
  },
  "pending": [
   {
    "raw": "ARR 超过 2 亿美元、连续三年翻倍（Sacra 估 2025 年中 >2 亿）",
    "src": "https://valueaddvc.com/blog/commure-valuation-2026-7-billion-after-a-70m-general-catalyst-round",
    "why": "官方 2026-05 融资稿（7 亿估值 70 亿美元）只说「ARR 连续三年翻倍」，无具体数字；具体数来自聚合/中文转述与 Sacra 二手"
   }
  ],
  "note": "仅待核：医疗 AI（RCM 智能体 + Ambient 记录）；需找 Sacra 原页或 Business Insider/Fortune 原文。",
  "funding": [
   {
    "date": "2021-09",
    "round": "D 轮",
    "amount": "$250M",
    "lead": "Greenoaks、Human Capital、General Catalyst、HCA Healthcare 共同领投（据 Multiples 汇总）",
    "post": "未披露",
    "src": "https://multiples.vc/private-comps/commure"
   },
   {
    "date": "2025-06",
    "round": "成长性融资（General Catalyst 客户价值基金，非股权稀释）",
    "amount": "$200M",
    "lead": "General Catalyst（Customer Value Fund）",
    "post": "未披露",
    "src": "https://www.mobihealthnews.com/news/commure-raises-200m-general-catalyst-growth"
   },
   {
    "date": "2026-05",
    "round": "新一轮",
    "amount": "$70M",
    "lead": "General Catalyst（Sequoia Capital、Morgan Stanley、Kirkland & Ellis 参与）",
    "post": "投后 $7B",
    "src": "https://www.globenewswire.com/fr/news-release/2026/05/19/3297624/0/en/commure-raises-70m-at-7b-valuation-to-transform-healthcare-operations-using-ai.html"
   }
  ],
  "total": "未披露（Caplight 记 $877M，Tracxn 记 $623M，口径差异大）"
 },
 {
  "n": "阶跃星辰 StepFun",
  "co": "阶跃星辰",
  "url": "https://www.stepfun.com",
  "logo": "logos/stepfun.png",
  "logoDark": false,
  "tags": [
   "大模型"
  ],
  "hq": "上海",
  "country": "中国",
  "region": "中国",
  "founded": 2023,
  "status": "private",
  "owner": "",
  "ref": false,
  "pts": [],
  "series": [],
  "latest": null,
  "tier": "",
  "val": null,
  "pending": [
   {
    "raw": "2025年收入近5亿元人民币，2026年预计约12亿元（《财经》报道）",
    "src": "https://wap.stockstar.com/detail/IG2026052300005512",
    "why": "只有人民币口径；2026 为预测"
   }
  ],
  "note": "大模型 + 智能终端；传闻港股递表，估值 120 亿美元（媒体）。",
  "funding": [
   {
    "date": "2023",
    "round": "天使轮",
    "amount": "未披露",
    "lead": "未披露（红杉中国、启明创投、IDG 资本参与）",
    "post": "未披露",
    "src": "http://www.iheima.com/article-395927.html"
   },
   {
    "date": "2024",
    "round": "A 轮",
    "amount": "未披露",
    "lead": "未披露（五源资本、顺为资本、联想创投参与）",
    "post": "未披露",
    "src": "http://www.iheima.com/article-395927.html"
   },
   {
    "date": "2024-12",
    "round": "B 轮",
    "amount": "数亿美元",
    "lead": "未披露（腾讯、上海国投等参与）",
    "post": "未披露",
    "src": "http://www.iheima.com/article-395927.html"
   },
   {
    "date": "2026-01",
    "round": "B+ 轮",
    "amount": "超 ¥50 亿",
    "lead": "上海国投先导基金领投（国寿股权、浦东创投、徐汇资本、无锡梁溪基金、厦门国贸、华勤技术参与；腾讯、启明、五源继续跟投）",
    "post": "未披露",
    "src": "https://finance.jrj.com.cn/2026/03/05152056191362.shtml"
   },
   {
    "date": "2026-03",
    "round": "Pre-IPO 第一拨（据《财经》）",
    "amount": "计划 ¥20-30 亿，运营商出资约 ¥12 亿",
    "lead": "一家运营商领投（具体名称未披露）",
    "post": "投前约 $40 亿",
    "src": "https://tech.ifeng.com/c/8r52vtC2jiF"
   },
   {
    "date": "2026-05",
    "round": "Pre-IPO 轮",
    "amount": "约 $25 亿",
    "lead": "中兴通讯、华勤技术、腾讯投资、豪威集团、龙旗科技联合注资；同月莲花控股领投 ¥3 亿跟进",
    "post": "市场预估约 $120 亿（36氪）；另有报道称目标 IPO 估值约 $100 亿",
    "src": "https://www.c114.net.cn/industry/101238.html"
   }
  ],
  "total": "未披露（各轮口径含预估与计划数，不相加）"
 },
 {
  "n": "商汤 SenseTime",
  "co": "商汤集团",
  "url": "https://www.sensetime.com",
  "logo": "logos/sensetime.png",
  "logoDark": false,
  "tags": [
   "大模型"
  ],
  "hq": "香港/上海",
  "country": "中国",
  "region": "中国",
  "founded": 2014,
  "status": "public",
  "owner": "",
  "ref": false,
  "pts": [],
  "series": [],
  "latest": null,
  "tier": "",
  "val": null,
  "pending": [
   {
    "raw": "2026H1 收入 29.11 亿元，生成式 AI 收入 23.27 亿元（占 79.9%），首次披露经常性收入 RR 11.45 亿元",
    "src": "https://www.cnfin.com",
    "why": "只有人民币口径（财报），v 不换算"
   }
  ],
  "note": "港股上市（0020.HK），2026 中期首次 IFRS 盈利；年化后约 58 亿元人民币，因只有人民币口径入待核。",
  "funding": [],
  "total": ""
 },
 {
  "n": "Appier",
  "co": "Appier Group（沛星互动，台湾创立，东京上市）",
  "url": "https://www.appier.com",
  "logo": "logos/appier.png",
  "logoDark": false,
  "tags": [
   "销售营销"
  ],
  "hq": "台北/东京",
  "country": "台湾/日本",
  "region": "其他",
  "founded": 2012,
  "status": "public",
  "owner": "",
  "ref": false,
  "pts": [],
  "series": [],
  "latest": null,
  "tier": "",
  "val": null,
  "pending": [
   {
    "raw": "FY2025 revenue JPY 43.7 billion (+28% YoY), FY26 guidance JPY 54.0 billion",
    "src": "https://www.koreaherald.com/article/10676754",
    "why": "只有日元口径，v 不换算；且为全年营收非 ARR"
   }
  ],
  "note": "AI 原生营销科技，东证 Prime（4180）；全年收入量级远超 $50M 门槛，但原币为日元。",
  "funding": [],
  "total": ""
 }
]