Venice ARR hit $100M with focus on privacy-first AI

Visible achieved $10M in annual recurring revenue (ARR), demonstrating 10x growth over two years driven purely through organic product adoption. Visible is a health platform and wearable technology designed specifically for people living with energy-limiting chronic illnesses—such as Long COVID, ME/CFS, POTS, Fibromyalgia, and EDS. Unlike traditional fitness trackers (like Apple Watch or Fitbit) that encourage high activity and workouts, Visible is built around pacing and energy management.

Blacksmith, founded in 2024, has achieved an annualized revenue run rate (ARR) of $10 million with just 10 employees and has since grown its workforce to 30 while achieving 'tens of millions of dollars' in ARR. Over the past year, the company has scaled from 700 to 5,000 customers, including notable clients like Mercury, Supabase, Clerk, Ashby, and Expensify. The startup recently raised $45 million in a Series B round led by Peak XV Partners, valuing Blacksmith at $550 million, up from a $60 million valuation less than a year prior. Blacksmith is competing by speeding up code testing and offering affordability, addressing the growing demand for validating rapid AI-generated code and expanding its platform with products like Codesmith, an AI coding agent for automated code fixes.

Fomofly AI reached $100k ARR within just 4 months without any external VC funding. The company attributed its growth to owning a single distribution channel, developing AI-driven short-form content for platforms like Threads, and targeting enterprise B2B clients. Through organic, scalable processes, they produce 70+ pieces of text content daily and average 1M monthly views. The unexpected adoption by enterprise-level users with over 1,000 employees became a significant driver of their ARR. Their deep industry expertise in AI and content creation also provided a competitive edge, opening up opportunities with major TV broadcast giants.

Stripe has finalized the acquisition of OpenRouter, an AI gateway startup, in a deal valued at over $7 billion, according to Bloomberg. OpenRouter, often likened to being the 'Stripe for AI,' provides customers with a single access point to optimize tasks across 400+ AI models without vendor lock-in. Backed by major investors such as Sequoia, Andreessen Horowitz, Menlo Ventures, and Google’s CapitalG, OpenRouter previously raised $113 million in a Series B at a $1.3 billion valuation. The platform boasts 8 million global users, making it a significant player in AI model orchestration and positioning Stripe as a powerhouse in AI infrastructure.

Anthropic has achieved an annualized revenue run rate (ARR) of $65 billion as of July, rapidly accelerating from $47 billion in May and $9 billion at the end of 2022, demonstrating a remarkable growth trajectory. Investors expect the company to sustain this pace, projecting annual revenues to reach $100-$120 billion by 2026. Anthropic's growth is capturing significant investor attention, surpassing even rival OpenAI's revenue growth trajectory, as it nears a potential IPO with a projected valuation exceeding $2 trillion. The company was last valued at $965 billion in May following a $65 billion funding round. Anthropic’s groundbreaking AI technology and strong market reception are key drivers of this growth.