Chinese startup building large-scale foundation models (large models).
Around 112 people on the team.
| Date | Round | Amount |
|---|---|---|
| Jul 2026 | Funding round StepFun, a foundational AI company based in China, raised roughly 2.5 billion dollars, ranking among the top fundraisers in Asia in the second quarter of 2026. | $2.5B |
| Jan 2026 | Series B StepFun closed a B+ round of over RMB 5 billion (~$718M) with Shanghai state and industrial funds and follow-on from Tencent, Qiming and 5Y Capital: the largest single raise in China's large-model sector in 12 months. | $718M |
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