Over the past six months, Evoken Technology (hereinafter referred to as "Evoken") has triumphantly finalized its Series B+ funding round, securing close to US$300 million. Following this investment, the company's valuation has soared beyond US$2 billion. This round of financing was co-led by Granite Asia and Shunwei Capital, with additional support from HT Investment, Times Capital, and other investors. Concurrently, existing shareholders have also opted to further increase their stakes, with Vision Capital acting as the financial advisor.
As of May 2026, Evoken's Annual Recurring Revenue (ARR) has surged past US$300 million, marking a nearly threefold increase since the funding round. Over the past year, Evoken Technology has consistently and effectively demonstrated the Product-Market Fit (PMF) of multiple AI products, transitioning from a single-product model to a diversified business matrix. Presently, the company boasts a comprehensive product lineup spanning AI image processing, design, video creation, and other domains. Its core businesses encompass the AI creation community LiblibAI, the design agent product Xingliu, and the AI video creation platform LibTV.
Established in 2023 and previously known as Beijing Singularity Xingyu Technology Co., Ltd., Evoken Technology is dedicated to the production of AI-driven creative content.