StepFun
Latest round
- Series B
Last raised
- Jan 2026
Total raised
- $717M
Investors
- 11
About StepFun
, dba StepFun, operates as an AI (Artificial Intelligence) technology company that mainly provides AI big model services. The company's founder and CEO, Dr. Daxin Jiang, served as the vice president and chief scientist of Microsoft Research Asia, while its board chairman, Qi Yin, is also the board chairman of Afari, an automotive and intelligent driving company, and co-founder of MEGVII Technology Limited, an AI IoT application provider. In May 2026, Meorient, a portfolio company of Bonus Capital and others, agreed to acquire a stake in the company for CNY 150 million. StepFun offers a suite of AI-powered products aimed at enhancing personal efficiency and automating complex tasks. Central to its offerings are the Step series models and Step AI products (with desktop, mobile phone and web app versions), designed to improve image understanding, logical reasoning, and text generation. These products cater to various sectors like education, marketing, and research. The company generates revenue by providing a big AI model and other related services.
Who invested in StepFun
11 investors across 2 rounds
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Questions about StepFun
Who invested in StepFun?
StepFun has 11 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has StepFun raised?
StepFun has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did StepFun last raise money?
StepFun's most recent round on record is a Series B, in Jan 2026.
What does StepFun do?
, dba StepFun, operates as an AI (Artificial Intelligence) technology company that mainly provides AI big model services.
Where is StepFun headquartered?
StepFun is headquartered in Shanghai, China.
Which VCs invest in companies like StepFun?
Among active investors with capital left to deploy, Yufu Capital, ICBC Capital Management, Ningbo Tongshang Fund and Boc Private Equity Firm back software companies at StepFun's stage. Their profiles are linked below.
VCs backing software startups at Series B
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