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Repair Windows errors before they cause bigger problemsFix Now →Scan for outdated or missing drivers - takes under a minuteDriver Scan →Clear out junk files and repair common Windows errorsFree Scan →Cluely CEO Roy Lee said in July 2025 that the AI startup had reached about $7 million in annual recurring revenue (ARR). In March 2026, he called that figure false and formally retracted it. The correction offered a different breakdown, but the figures remain statements attributed to Lee—not an independently audited account of Cluely’s revenue.
What Roy Lee said, and when he corrected it
TechCrunch reported on July 3, 2025, that Lee had told the publication Cluely’s ARR was about $7 million after the startup launched an enterprise product. The same report recalled his earlier claims that ARR had passed $3 million and that the company was profitable. Those were claims reported from Lee, not figures TechCrunch said it had audited. TechCrunch’s July 2025 report
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On March 5, 2026, TechCrunch reported that Lee admitted the $7 million claim was false and described his post as a formal retraction. The publication quoted him writing: “this is the only blatantly dishonest thing i’ve said publicly online, so this is my formal retraction.” TechCrunch’s March 2026 report
What the revised revenue figures do—and do not—show
In the March 2026 report, TechCrunch quoted figures Lee posted for June 2025. They separate consumer and enterprise business, and distinguish ARR from run rate:
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| June 2025 category | ARR Lee posted | Run rate Lee posted |
|---|---|---|
| Consumer | $2.7 million | $3.8 million |
| Enterprise | $2.5 million | $2.5 million |
These are figures attributed to Lee’s post by TechCrunch, not an audit or independent verification. ARR and run rate are different labels in the breakdown Lee supplied, so they should not be added together or treated as interchangeable measures. The figures also do not, by themselves, reconcile the earlier $7 million claim.
Bloomberg reported on April 7, 2026, that Lee described $5.2 million as the actual number. That, too, is a figure attributed to Lee—not an audited result. The coverage cited here does not establish a reconciled, independently verified ARR figure for Cluely. Bloomberg’s April 2026 follow-up
Was the TechCrunch interview a cold call?
Lee characterized the original conversation as an unexpected cold call. TechCrunch’s account differs: it says its reporter accepted an interview offered by a Cluely public-relations representative, who provided Lee’s number and confirmed that he expected the call. TechCrunch quoted Lee describing it as: “got a random cold call from some woman asking about numbers and told her some bs, did not expect an article about it.” The discrepancy is between Lee’s account and the publication’s description of how the interview was arranged; the article does not establish more than that account.
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Why the episode drew attention
Cluely was initially presented as AI software that analyzed online conversations, displayed real-time notes and context to its user, and suggested questions while keeping that assistance hidden from other participants. Its early branding included the phrase “cheat on everything.” TechCrunch reported in March 2026 that the company later repositioned itself as an AI meeting note-taker.
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The revenue claims appeared amid rapid fundraising: TechCrunch reported a $5.3 million seed round involving Abstract Ventures and Susa Ventures, followed by a $15 million Series A from Andreessen Horowitz in June 2025. Funding is not revenue, and those reported investment amounts do not verify the company’s ARR or establish wrongdoing.
At TechCrunch Disrupt in October 2025, Lee said: “What I’ve learned is you should never share revenue numbers.” That remark came after the reported $7 million claim and before his March 2026 retraction.
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What readers can conclude
- Lee gave TechCrunch an approximately $7 million ARR figure in July 2025 and later said it was false.
- His subsequent figures include separate ARR and run-rate labels for consumer and enterprise revenue; the available reports do not independently verify them.
- TechCrunch says the interview was arranged through Cluely PR, contrary to Lee’s description of it as a random cold call.
- The cited reporting does not establish fraud, investor deception, a legal violation, or an audited replacement figure.
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