Runable Hits $2M ARR and 1.7M Users — While Losing Money on Every Token

Bengaluru-based AI agent startup Runable, founded in 2025, reached a $2M annualized revenue run rate within three weeks of enabling payments and counts 1.7M registered users. The company subsidizes customer inference costs, leaving gross margins negative. Users consumed over 1 trillion tokens in 90 days. Runable raised a $21M Series A at a $65M valuation on August 26, 2026.