TARS Revenue, Valuation, Funding & Investors

TARS is valued at $2.5B as of April 2026, a 5.5x multiple on its last reported $451M revenue.

See full TARS profile

Last TARS valuation

$2.5B

Seed · Apr 2026

Last TARS funding round

$455M

Seed · Apr 2026

TARS revenue

$451M

Seed · Apr 2026

Key investors in TARS

  • Sequoia Capital
  • Qiming Venture Partners
  • Oriental Fortune Capital
  • Meituan
  • Hillhouse Capital
  • Linear Capital

TARS Overview

About TARS

TARS connects to Zhihang Zhong, a researcher who advances AI through spatial perception and reasoning integration.


Founded

2025

HQ

ChinaShanghai

Status

Privately held

Customer focus

B2B

Revenue

$451M (Apr 2026)

Valuation

$2.5B (Apr 2026)

TARS Valuation

TARS is currently valued at $2.5B, based on its seed round in April 2026.

The $455M round was led by Hillhouse Capital and Sequoia Capital, with participation from Xianghe Capital, Oriental Fortune Capital, Meituan, Qiming Venture Partners, Hongtai Fund and 5 other investors.

TARS valuation by funding round

TARS valuation by funding round
DateStageValuationRevenue Multiple
Apr 2026Seed$2.5B5.5x

TARS Revenue

TARS's latest recorded revenue is $451M, as of its seed round in April 2026. At a $2.5B valuation, that implies a 5.5x revenue multiple.

TARS revenue by funding round

TARS revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Apr 2026$451M$2.5B5.5xSeed

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

TARS Funding History

TARS has raised a total of $455M across 1 funding round.

TARS funding rounds

TARS funding rounds
DateStageInvestorsRaisedValuation
Apr 2026SeedHillhouse Capital (lead); Sequoia Capital (lead); Xianghe Capital; Oriental Fortune Capital; Meituan; Qiming Venture Partners; Hongtai Fund; Beijing Robot Industry Fund; Linear Capital; Capitallink; Shanghai Guotou Pioneer; TCL Capital$455M$2.5B

Who has invested in TARS?

12 investors have backed TARS across its funding rounds, including Sequoia Capital, Qiming Venture Partners, Oriental Fortune Capital, Meituan, Hillhouse Capital and Linear Capital.

Lead investors include Hillhouse Capital and Sequoia Capital.


TARS Investors

Investors in TARS by funding rounds participated
InvestorHQRoundsRoleFirst check
Xianghe CapitalChinaBeijing1ParticipantApr 2026
Oriental Fortune CapitalChinaShenzhen1ParticipantApr 2026
MeituanChinaBeijing1ParticipantApr 2026
Qiming Venture PartnersChinaShanghai1ParticipantApr 2026
Hongtai FundChinaShenzhen1ParticipantApr 2026
Beijing Robot Industry FundChinaBeijing1ParticipantApr 2026
Sequoia CapitalUnited StatesSan Francisco, CA1LeadApr 2026
Linear CapitalChinaShanghai1ParticipantApr 2026
CapitallinkChinaBeijing1ParticipantApr 2026
Shanghai Guotou PioneerChinaGuangzhou1ParticipantApr 2026

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TARS Competitors

TARS competitors include listed companies like Intsig Information and SoundHound, and private ones like Flourish, Instinct, Peregrine.ai and webAI.

Public and private companies comparable to TARS
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
FlourishUnited StatesNew York, NYPrivate--$2.5B-
InstinctUnited StatesSan Francisco, CAPrivate--$2.5B-
Peregrine.aiGermanyBerlinPrivate$30M-$2.5B83.3x
webAIUnited StatesAustin, TXPrivate--$2.5B-
Intsig InformationChinaChinaPublicly listed$270M$83M$2.6B6.6x
SoundHoundUnited StatesUnited StatesPublicly listed$169M$19M$2.7B11.3x

TARS Public Comps

TARS is still privately-owned, but its public comps include Intsig Information, SoundHound, Ncino, Haizhi, Shenzhen Intellifusion, Infleqtion, Fermi, C3.ai, Wenge AI and TRS Information Technology.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Intsig Information$270M$83M7.8x6.6x25.2x23.6x
SoundHound$169M$19M14.6x11.3x132.5x(35.5x)
Ncino$595M$65M4.3x4.0x39.0x15.8x
Haizhi$93M($30M)21.5x16.3x(67.1x)(440.4x)
Shenzhen Intellifusion$200M($3M)14.3x14.6x(952.5x)(1086.5x)
Infleqtion$29M($52M)92.3x64.5x(50.9x)(60.0x)
Fermi-($490M)-281.8x(7.5x)(63.2x)
C3.ai$250M($484M)4.3x4.5x(2.2x)(6.2x)

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Common questions about TARS

When was TARS founded?TARS was founded in 2025.
Where is TARS headquartered?TARS is headquartered in Shanghai, China.
Is TARS publicly listed?No, TARS is a private, VC-backed company.
What is TARS's valuation?TARS was last valued at $2.5B in its seed round in April 2026.
How much funding has TARS raised?TARS has raised $455M across 1 funding round.
What was TARS's last funding round?TARS's last funding round was a $455M seed round in April 2026, led by Hillhouse Capital and Sequoia Capital.
Who are TARS's investors?TARS's investors include Xianghe Capital, Oriental Fortune Capital, Meituan, Qiming Venture Partners, Hongtai Fund, Beijing Robot Industry Fund, Sequoia Capital, Linear Capital, Capitallink, Shanghai Guotou Pioneer and 2 others.
What is TARS's revenue?TARS's latest recorded revenue is $451M (April 2026).
What is TARS's revenue multiple?TARS's latest valuation implies a 5.5x revenue multiple ($2.5B valuation on $451M of revenue).
Which companies are comparable to TARS?Companies comparable to TARS include Flourish, Instinct, Peregrine.ai, webAI, Intsig Information and SoundHound.

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