My guess is they had to sell to keep the lights on (similar to Windsurf).
They’re reportedly at ~$100M ARR, implying about $8.3–8.5M in monthly revenue (ARR = last month * 12).
At the same time, they claim to have processed 147T+ tokens. For context, pricing that volume on something like Sonnet 4.5 would come out to roughly $500M in API costs. They likely offset a chunk of that with open models, but for higher-quality outputs, they’re still paying meaningful amounts to Claude / OpenAI / Google.
Hard to make those numbers work without a lot of capital or an exit.
They’re reportedly at ~$100M ARR, implying about $8.3–8.5M in monthly revenue (ARR = last month * 12).
At the same time, they claim to have processed 147T+ tokens. For context, pricing that volume on something like Sonnet 4.5 would come out to roughly $500M in API costs. They likely offset a chunk of that with open models, but for higher-quality outputs, they’re still paying meaningful amounts to Claude / OpenAI / Google.
Hard to make those numbers work without a lot of capital or an exit.