# StepFun funding rounds and investors

As of 13 Oct 2026, StepFun has raised at least $3.22B across 3 verified rounds on record (1 with no disclosed amount; amounts in other currencies converted to USD); latest: US$2.5 billion (HK$19.4 billion) funding round, announced 8 May 2026.

StepFun sells AI models and tools for speech recognition, voice generation, and complex AI applications, mainly targeting developers and businesses.

Website: https://www.stepfun.com  
Headquarters: China  
Page: https://fireround.dev/companies/stepfun.com

## Verified rounds

| Announced | Round | Amount | Lead investors | Other investors | Sources |
| --- | --- | --- | --- | --- | --- |
| 2026-05-08 | Funding round | US$2.5 billion (HK$19.4 billion) | not stated | Huaqin Technology, OmniVision Technologies, ZTE Corporation | [thestandard.com.hk](https://www.thestandard.com.hk/finance/article/331515/Stepfun-Chinas-AI-Six-Tigers-finishes-new-US25b-funding-round-for-HK-IPO) |
| 2026-01-26 | Series B | 5 billion yuan ($717 million) | not stated | Shanghai State-owned Capital Investment Co, China Life Insurance, Tencent | [caixinglobal.com](https://www.caixinglobal.com/2026-01-26/stepfun-raises-717-million-outpacing-newly-listed-ai-rivals-102408206.html) |
| 2024-12-26 | Series B | undisclosed | Fortera Capital | none named | [scmp.com](https://www.scmp.com/tech/tech-trends/article/3292348/shanghai-backed-firm-helps-ai-start-stepfun-raise-hundreds-millions-dollars) |

Source: Fireround (https://fireround.dev), an open-source funding feed. Each round is checked against the pages listed with it.