Carta ARR Hit $500M, An AI Beauty App up 14x ARR to $55M in a Year
Hearth ARR Hit $35M
Carta ARR hit $500M
Carta is a leading fintech platform for equity management and private markets, surpassed $500M in annual recurring revenue (ARR) in 2025—marking a major milestone in its growth.
CEO Henry Ward noted that Carta not only expanded its recurring revenue base but also accelerated overall growth, generating significantly more cash than the previous year, and completed strategic acquisitions to strengthen the platform.
Carta’s core products cover cap table management, valuations, fund administration, and private market workflows, replacing manual spreadsheets with real-time digital infrastructure. Today, tens of thousands of companies rely on Carta to manage ownership, equity, and investor relationships.
Originally built around startup cap tables, Carta has steadily expanded into areas such as ERP-like financial tooling, private equity, private credit, and LP services. Automation and AI now play a growing role in unlocking new workflows and improving customer experiences across the private markets ecosystem.
Beyond the ARR milestone, Carta has raised substantial funding over the years, including a $500 million Series G round that valued the company at roughly $7.4 billion. Its continued product expansion signals a broader ambition: to become a foundational platform for private and hybrid financial infrastructure.
Hearth ARR Hit $35M
Hearth, an AI-powered revenue automation platform for contractors and SMB service businesses, surpassed $35 million in ARR by early 2026, serving over 15,000 paying customers across roofing, plumbing, landscaping, and other trades.
The platform automates the entire revenue cycle for small business owners—from lead capture and estimates to invoicing, financing, and customer follow-ups—letting professionals focus on their craft instead of administrative tasks.
Hearth addresses a key challenge in the trades: the lack of integrated software that manages revenue and operations without siloed dashboards or manual overhead. By leveraging AI to streamline customer interactions, payments, and revenue workflows, the platform enables contractors to operate more efficiently.
Its tools include digital estimates, automated invoicing, financing options, and an AI receptionist, which hit $1 million ARR in a single quarter without paid advertising—a clear sign of product-market fit.
The company has raised $61.8 million from top investors such as 8VC, Founders Fund, and Human Capital. With around 200 employees and profitability approaching, Hearth is well-positioned to expand its AI-driven revenue engine across more service sectors, with strong growth and adoption signaling continued potential in the SMB software market.
An AI Beauty App up 14x ARR to $55M in a Year
After the breakout wave of AI image and video tools—such as Higgsfield hit $50M Run Rate in 5 months and then hit $100M ARR —the AI beauty category has finally produced a truly AI-native “Beauty moment.”
Over the past year, an AI-native beauty product quietly pulled off something few consumer AI apps manage to do: it scaled from a niche viral tool into a global creative engine, growing ARR 14x to $55 million—without heavy venture backing.
What looks like a simple “AI beauty app” on the surface is, in reality, a distribution-first product built for virality, consistency, and monetization.
