StepFun sells AI models and tools for speech recognition, voice generation, and complex AI applications, mainly targeting developers and businesses.
stepfun.comChinaAI
1 source
The report does not state a round stage, lead investor, valuation, or headquarters. Hong Kong Investment Corporation is mentioned only as appearing on the shareholder list, not as an investor in this round.
Published by hand (thestandard.com.hk): "Stepfun, one of China's AI Six Tigers, has reportedly completed a new US$2.5 billion (HK$19.4 billion) funding round and dismantled its red-chip structure, accelerating its push toward a Hong Kong initial public offering, STAR Market Daily reported.": brand backfill hand check: the page states the round (reported)
1 source
The source describes Tencent as an existing shareholder but also says it increased its stake in this Series B+ financing round; it is therefore included as a participant. No lead investor, valuation, or financing total is stated.
Published by hand (caixinglobal.com): "AI startup StepFun announced Jan. 26 that it completed a Series B+ funding round raising more than 5 billion yuan.": brand backfill hand check: the page states the round (announced)
1 source
Not on the page it cites, so not applied: amount
Published by hand (scmp.com): "A Shanghai-backed investment vehicle has helped artificial intelligence (AI) firm Stepfun raise “hundreds of millions of dollars” in the start-up’s latest funding round, as more Chinese local governments extend support for the technology’s domestic development.": brand backfill hand check: the page states the round (announced)
| Round | Amount | Announced | Lead | Buzz |
|---|---|---|---|---|
| Funding round [ HISTORY ]: An earlier round, from the company's own announcement, found while researching the company. Checked like any round, but not new, so it stays out of the daily feed and alerts; a date range shows it. | $2.5B | 2026-05-08 | not stated | No recent discussion |
1 source [ VERIFIED · CORRECTED ] read against 1 source
The report does not state a round stage, lead investor, valuation, or headquarters. Hong Kong Investment Corporation is mentioned only as appearing on the shareholder list, not as an investor in this round. Published by hand (thestandard.com.hk): "Stepfun, one of China's AI Six Tigers, has reportedly completed a new US$2.5 billion (HK$19.4 billion) funding round and dismantled its red-chip structure, accelerating its push toward a Hong Kong initial public offering, STAR Market Daily reported.": brand backfill hand check: the page states the round (reported) | ||||
| Series B Series B+ [ HISTORY ]: An earlier round, from the company's own announcement, found while researching the company. Checked like any round, but not new, so it stays out of the daily feed and alerts; a date range shows it. | $719.0M 5 billion yuan ($717 million) | 2026-01-26 | not stated | No recent discussion |
1 source [ VERIFIED · CORRECTED ] read against 1 source The source describes Tencent as an existing shareholder but also says it increased its stake in this Series B+ financing round; it is therefore included as a participant. No lead investor, valuation, or financing total is stated. Published by hand (caixinglobal.com): "AI startup StepFun announced Jan. 26 that it completed a Series B+ funding round raising more than 5 billion yuan.": brand backfill hand check: the page states the round (announced) [ BUILT WITH ]·[ SEARCH ]found by Firecrawl search·[ SCRAPE ]1 page read: caixinglobal.com·[ JSON ]round read into a schema, with the sentence that states it·[ VERIFY ]correctedchecked against 1 source·[ BRANDING ]logo and colour from the homepage | ||||
| Series B [ HISTORY ]: An earlier round, from the company's own announcement, found while researching the company. Checked like any round, but not new, so it stays out of the daily feed and alerts; a date range shows it. | n/a | 2024-12-26 | Fortera Capital | No recent discussion |
1 source [ VERIFIED · CORRECTED ] read against 1 source
Not on the page it cites, so not applied: amount Published by hand (scmp.com): "A Shanghai-backed investment vehicle has helped artificial intelligence (AI) firm Stepfun raise “hundreds of millions of dollars” in the start-up’s latest funding round, as more Chinese local governments extend support for the technology’s domestic development.": brand backfill hand check: the page states the round (announced) [ BUILT WITH ]·[ SEARCH ]found by Firecrawl search·[ SCRAPE ]1 page read: scmp.com·[ JSON ]round read into a schema, with the sentence that states it·[ VERIFY ]correctedchecked against 1 source·[ BRANDING ]logo and colour from the homepage | ||||