StepFun
Smart and reliable personal assistant
Shanghai, China · Founded 2023 · $1.0B raised
- Headquarters
- Shanghai
- Employees
- 201–500
- Founded
- 2023
- Business Model
- B2B
- Website
- stepfun.com
- Total Funding
- $1.0B
- Last Round
- $717.0M Extension RoundJan 2026
- Rounds
- 2
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
About
StepFun (Shanghai Jieyue Xingchen Intelligent Technology Co., Ltd) is a Chinese artificial intelligence company building large-scale multimodal foundation models for enterprise and consumer applications. Founded in 2023 and headquartered in Shanghai, StepFun has rapidly emerged as one of China's leading AI startups. The company's Step series of models handle text, image, video, and speech modalities, including Step-3o, Step-R1, and Step-Video.
Summary
StepFun is an Artificial Intelligence company based in Shanghai, China, founded in 2023. It has raised $1.0B in total across 2 rounds, most recently a $717.0M Extension Round in Jan 2026. Investors include China Life Private Equity, Tencent and Qiming VP.
Tech & App Stack
11 technologies & apps tracked
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Funding History
Jan 2026
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Funding: Series B through Extension Round. Amounts, valuations, and investors where available.
Investors
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