TREE NEWS update: PlaudAI co-founder and CEO Xu Gao said the AI note-taking device maker plans to launch a US IPO in 2028, after annual revenue tops $1 billion. The company is targeting $500 million in global sales this year and says it has already reached $100 million in annual recurring revenue, with more than 2.5 million users across over 170 countries.
PlaudAI Targets $500M 2026 Sales, Plans 2028 US IPO
The hardware-plus-AI subscription model is proving more durable than the wave of app-only note-takers, and hitting $100M ARR before a $500M sales year suggests the installed base, not new device shipments, is doing the compounding. That matters for the crowded AI productivity field, where retention rather than launch buzz has been the weak point. A 2028 US listing tied to crossing $1B revenue sets a public bar for the category's first real scale test, though the gap between hardware margins and software multiples is the open question.
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