A 12-Person Team Built a $30M ARR AI Social Companion
Rippling ARR Hits $570M
Some ARR milestone tracking last week:
Statsig ARR Hits $40M
Statsig, a product experimentation and feature management platform, has recently secured $100 million in Series C funding at a $1.1 billion valuation.
The company founded in 2021 by former Facebook engineers, has rapidly gained attention for its robust platform that enables businesses to run feature flags, A/B tests, and analyze product performance with ease.
It has notched $40 million in annualized revenue as it’s attracted a stream of customers, from human resources startup Rippling to the productivity app Notion.
Recraft ARR Hits $5M
Recraft specializes in creating AI-generated images tailored for brand marketing, enabling precise placement of logos and adherence to branding guidelines without additional editing.
Founded by Anna Veronika Dorogush, a former machine learning expert at Yandex with experience at Google and Microsoft, Recraft stands out with a solo female founder and CEO.
Recraft gained industry attention when its image generation model, codenamed “red_panda,” outperformed OpenAI’s DALL-E and Midjourney on the Artificial Analysis benchmark. It has achieved over $5 million in annual recurring revenue (ARR) and amassed a user base exceeding 4 million, while emerging from stealth with a $30 million Series B funding round led by Accel, alongside Khosla Ventures and Madrona.
Rippling ARR Hits $570M
Rippling, the San Francisco-based HR tech startup, has achieved a significant milestone by raising $450 million in a Series G funding round, elevating its valuation to $16.8 billion.
It offers a comprehensive workforce management platform that consolidates HR, IT, and finance operations into a single system.
The company serves over 20,000 customers and employs more than 4,000 individuals globally. Its annual recurring revenue has reached $570 million.
Lovable ARR hit $50M in 6 months
Lovable is an innovative AI-powered platform that enables users to build high-quality software without writing code.
After hitting $40M ARR last month, Lovable is now $50M ARR in 6 months, becoming the fastest-growing startup in Europe ever. It is like Lovable adds $10M in ARR every month.
Today’s deep dive is about an AI Social Companion similar but also different to Character AI, with only 12 people.
How a 12-Person Team Built a $30M ARR AI Social Companion
While much attention has been focused on Character AI in the consumer-facing AI social space—despite its strong user growth but lackluster monetization (leading its core team to depart for Google)—another player has quietly emerged as a breakout success.
It is developed by a lean 12-person team, has surpassed $30M in Annual Recurring Revenue (ARR), doubled year-over-year from 2024 to 2025, exceeding its own projections—all with relatively modest funding.