Evoken
Chinese AI application company behind Liblib, Lavart, and LibTV creative tools
“Raised $300M at a $2B valuation — the highest valuation of any Chinese AI application company at the time of the interview.”
Source→“AI video creation canvas product with node-based interface; launched in early 2025. Described as the fastest-growing product, reaching $1M daily revenue peak within one month of launch. Currently the majority revenue contributor for Evoken.”
Source→“AI model sharing and designer community — described as a 'one-of-a-kind product' globally: a model asset-sharing community oriented specifically to professional designers. Still growing and cash flow positive.”
Source→“Evoken's AI image generation product, described as a globally unique creative tool oriented toward professional designers. First major monetized product; described as the company's near-death and survival story.”
Source→“At that time it was bittersweet. DeepSeek drove a massive increase in China's AI adoption rate, so our revenue doubled. The team was very happy. But I knew: it's over.”
Source→“After Image One came out, I realized that the node-based stronger-control workflow solution we'd been exploring for a year was no longer needed. The workflow had already been internalized by the model.”
Source→“When I looked at the tool and saw their content was mostly entertainment-oriented while almost all design content was on our side, I already felt game is over.”
Source→AI-extracted from podcast / newsletter / paper summaries. May contain errors.