Z.ai

AI company also known as Zhipu, developing the GLM model family, ChatGLM and agent tools.

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At a glance

AI company also known as Zhipu, developing the GLM model family, ChatGLM and agent tools.

Founded: 2019
Also known as: Zhipu; Zhipu AI; 智谱
Focus: GLM foundation models and agent tools
Reference: Z.ai

Reviewed 19 October 2026. Dates retain the precision of the source; retrospective disclosures are identified in the event. Recognized revenue is in RMB; reported ARR is in USD. They are not directly comparable or additive.

Company milestones

Revenue, funding, product launches and major company events, newest first. Expand the earlier milestones for more history.

Aug
2026
H1 recognized revenue reaches RMB954M
The half-year report, covered by Yicai, shows 399.7% year-over-year growth. This accounting result is separate from annualized subscription and API metrics.
Source: Yicai
Aug
2026
Reported August ARR reaches $1.6B
Yicai cites an analyst review of management’s disclosures; the $2.4B year-end figure is a target and is not recorded as achieved.
Source: Yicai

Show earlier milestonesHide earlier milestones2026–2019 · 11 milestones

Earlier revenue, financing and company milestones.

Aug
2026
Introduces GLM-5.3 with a staged release
The coding-focused model first reaches subscriptions; public weights follow a separate safety-review schedule.
Source: Z.ai
Jul
2026
Reported ARR reaches $1B
The July report identifies the recurring-revenue milestone. It is not equivalent to the company’s recognized half-year revenue.
Source: Sina / Zhineng Yongxian
Mar
2026
2025 sales rise to RMB724.3M
The annual report records RMB312.4M in 2024, RMB124.5M in 2023 and RMB57.4M in 2022, providing a four-year recognized-revenue history.
Source: Z.ai annual report
Feb
2026
Releases GLM-5
The model expands agentic engineering and long-running coding workflows, with distribution through Z.ai and BigModel.
Source: Z.ai
Jan
2026
Lists on the Hong Kong Stock Exchange
Knowledge Atlas, the listed company behind Zhipu/Z.ai, begins trading under stock code 02513.
Source: Z.ai annual report
Dec
2025
Introduces GLM-4.7
The flagship refresh continues the company’s emphasis on coding and reasoning.
Source: Z.ai
Jul
2025
Introduces GLM-4.5
The company expands open-weight reasoning, coding and agent capabilities.
Source: Z.ai press release
Oct
2024
Introduces AutoGLM
The company extends from conversational models into agents that operate interfaces and perform tasks.
Source: Z.ai
Mar
2023
Releases ChatGLM
The conversational model and its smaller open version support wider developer adoption.
Source: Z.ai
Sep
2022
Open-sources GLM-130B
The bilingual model establishes a large open research release before ChatGLM.
Source: Z.ai
2019
Zhipu is founded
The company develops the GLM research and commercial platform later marketed internationally as Z.ai.
Source: Z.ai

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