Retell scales to $50M+ ARR with a team of 30 people

Cursor has officially been acquired by SpaceX. This announcement marks the completion of the acquisition process, initiated in April 2026 when Cursor partnered with SpaceXAI to enhance model training. Pairing SpaceX's powerful GPU infrastructure with Cursor's AI models enables the creation of more efficient and cost-effective AI solutions. The acquisition highlights the growing importance of AI-driven tools in innovative industries like space technology, as well as the ability to develop solutions like Grok 4.6 to help businesses. This move allows Cursor to scale its ambitions while reducing costs and improving coding productivity tools.

SalesDraft has reached $3M ARR within 20 months since commercialization, supported by 600+ customers. The company demonstrates rapid growth and market traction, focusing on customer satisfaction and engagement. This milestone highlights its effectiveness in scaling solutions for SMBs and positions it as a rapidly growing player in the sales and marketing space.

Legora has achieved impressive growth, reporting $150M ARR, up 50% from $100M in April. This growth reflects significant traction in the legal AI space, as its ARR was just $50M at the end of 2025 and $3M in its early stages. Legora now serves over 1,000 customers across 50 markets, including industry leaders Barclays, White & Case, and Linklaters. The company has scaled aggressively, increasing headcount from 40 to 400 within a year. Recently raising funds at a valuation exceeding $10B, nearly double its $5.55B valuation from its Series D, Legora is positioned as a dominant player in AI-driven legal technology.

OpenAI's annualized revenue run rate exceeded $40 billion in August 2026, doubling from $20 billion at the end of 2025. This rapid growth is fueled by revenue streams from Codex (its AI coding software), subscription sales, and a newly launched advertising business. Co-founder Greg Brockman highlighted a monthly revenue growth rate exceeding 20% in July 2026. These metrics showcase aggressive scaling ahead of OpenAI's anticipated IPO. Meanwhile, competitor Anthropic shows similar momentum, with a $47 billion run rate as of May 2026 and projections to reach $100-120 billion by year-end.

Bending Spoons reported $704 million in Q2 2026 revenue, a 126% increase from Q2 2025. Operating income surged to $240 million, a 139% year-over-year growth, while adjusted operating income totaled $381 million, marking a 150% growth compared to the previous year. During this period, diluted earnings per share rose to $0.28, a 163% increase year-over-year, and adjusted EPS reached $0.46, up 167%. Additionally, the acquisition of Tractive, a subscription-based pet tracking service, was completed in May 2026 for an enterprise value of $759M. Bending Spoons concluded the quarter with $793M in cash and $1.28B in borrowing capacity through revolving credit facilities.