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.
Is that input or output tokens or both? That number sounds quite extreme. Maybe they include input tokens from deep research? That could be tens of thousands of input tokens into a cheap model per task, for example.
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.