How much did Fish Audio raise and at what revenue level?

Fish Audio closed a $50 million seed round while reporting $21 million in annual recurring revenue.

How many users does Fish Audio have?

Fish Audio has more than 8 million users spread across its open-source and hosted product versions, though the split between free and paying users is not disclosed.

Who are Fish Audio's target customers?

Fish Audio targets both creators and enterprises, and both segments are named as targets for the new capital.

What key details about the round were not disclosed?

No lead investor name, post-money valuation, or breakdown of revenue between creator and enterprise buyers appears in the available disclosures.

When did Fish Audio launch?

Fish Audio launched last year, according to the article.

No. 1031New York · London · SingaporeUpdated July 28, 2026

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EARNINGSFish Audio closes $50M seed on $21M in annual recurring revenueJul 28CRYPTOCongress renews push to end crypto's wash sale tax breakJul 28BABA in focus: Boeing clears revenue bar as aircraft deliveries climbJul 28REGULATORYNYC EBT skimming sweep nets 35 devices, flags $36.5 million in prevented fraudJul 28CRYPTOTrump's Project Homecoming on pace for 200,000 exits as $600 million contract nears a funding cliffJul 28MACROIran flags 230 million cubic meter natural gas capacity loss from conflict with United StatesJul 28MACROHormuz shared-oversight framework would displace Iran's exclusive claim, source saysJul 28WORLDChicago violence march puts city's decade-long population bleed back in focusJul 28CRYPTOFBI's 127,000-Bitcoin seizure from Prince Holding Group sets U.S. forfeiture recordJul 28$BNBBinance monthly phishing drills, South Korean crypto volumes down 89%, India moves on BitChat codeJul 28EARNINGSFish Audio closes $50M seed on $21M in annual recurring revenueJul 28CRYPTOCongress renews push to end crypto's wash sale tax breakJul 28BABA in focus: Boeing clears revenue bar as aircraft deliveries climbJul 28REGULATORYNYC EBT skimming sweep nets 35 devices, flags $36.5 million in prevented fraudJul 28CRYPTOTrump's Project Homecoming on pace for 200,000 exits as $600 million contract nears a funding cliffJul 28MACROIran flags 230 million cubic meter natural gas capacity loss from conflict with United StatesJul 28MACROHormuz shared-oversight framework would displace Iran's exclusive claim, source saysJul 28WORLDChicago violence march puts city's decade-long population bleed back in focusJul 28CRYPTOFBI's 127,000-Bitcoin seizure from Prince Holding Group sets U.S. forfeiture recordJul 28$BNBBinance monthly phishing drills, South Korean crypto volumes down 89%, India moves on BitChat codeJul 28

NewsEarnings

Fish Audio closes $50M seed on $21M in annual recurring revenue

A $50 million seed round is in focus for Fish Audio, the startup building AI voice models for creators and enterprises. The company, which launched last year, now reports $21 million in annual recurring revenue and a user base above 8 million across the open-source and hosted versions of its models. Those two numbers, taken together, are what a later-stage investor will stress-test before committing to a follow-on raise.

By Owen GallagherNewsroomJuly 28, 20262 min read

The revenue print

Fish Audio's $21 million ARR is the anchor figure in this raise. The 8 million user count spans two access channels: an open-source version and a hosted product. The split between open-source users and paying hosted customers is not separately disclosed, and the breakdown between creator and enterprise revenue is absent from the available reporting. Both segments are explicitly named as targets for the capital.

Seed rounds reaching $50 million sit toward the large end of the category. Against $21 million in ARR, the raise implies investors are pricing in revenue acceleration rather than treating the current base as a terminal figure.

Distribution and user mix

Fish Audio runs open-source and hosted products alongside each other. The open-source track expands developer-facing access and drives the user count; the hosted product converts a share of that reach into recurring revenue. What portion of the 8 million users sits on the hosted, paying side is the detail absent from the disclosed figures.

Creator and enterprise buyers carry different demand profiles. Enterprise tends toward larger contract sizes and longer commitments. Creator tools often generate volume at lower per-unit revenue. Fish Audio targets both segments. Where the $21 million in ARR is actually concentrated shapes how to read the quality of that print.

What to watch

No lead investor name or post-money valuation appears in the available disclosures. A Series A announcement or a regulatory filing would put a market multiple on the $21 million ARR base and indicate the timeline for the next capital event. Until that filing lands, the $50 million seed and $21 million ARR remain the two confirmed data points on Fish Audio's position.

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