en.Wedoany.com Reported - Chinese AI application company Evoken has completed a Series B+ funding round of nearly $300 million, with a post-investment valuation exceeding $2 billion and an annualized recurring revenue (ARR) surpassing $300 million. The round was co-led by Granite Asia, Tencent, and Shunwei Capital, with participation from HT Investment and Times Capital. Existing shareholders, including Gaorong Capital, Ant Group, INCE Capital, Mingshi Ventures, Source Code Capital, and Sequoia Capital China, continued to follow the investment.

This funding round was completed earlier in the first half of this year. As of last month, Evoken's ARR had exceeded $300 million, representing nearly a threefold increase from the time the funding was finalized. The company's product, LiblibAI, has accumulated over 30 million users, with more than 500,000 original models and over 100 million professional image and video assets. Another product, LibTV, launched in March 2026, achieved a single-day revenue exceeding $1 million in its first month. Two months after launch, revenue in May was over 13 times that of the first month. LibTV has served nearly a thousand short drama teams, film and television production houses, advertising agencies, and brand clients.

Additionally, Evoken's AI design Agent product, "Xingliu," has served over ten million users cumulatively. LiblibAI is positioned as an AI asset website and creator community, operating in the upstream segment of creative content production. LibTV focuses on AI video creation, targeting high-value content production scenarios such as short dramas, films, and advertisements. Xingliu embeds AI capabilities into the design delivery phase. These three products cover AI image creation, video creation, and design creation scenarios respectively, all of which have achieved product-market fit (PMF) validation and generated commercial revenue.

Evoken's product layout revolves around the "AI creative content production" chain. The company's commercialization validation does not rely on a single blockbuster product but covers multiple core segments within AI creative content production, forming a business structure characterized by multiple products, high revenue, and high growth. This is also the core context for leading capital to continue increasing investment in this funding round. In an industry environment where AI application companies generally need to demonstrate commercialization capabilities, Evoken, through multi-product PMF validation and sustained revenue growth, shows that Chinese AI application companies are capable of achieving commercialization in the domestic market.

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