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StepFun

Model ProviderTier 1Pure AI

Chinese AI model maker founded by ex-Microsoft employees. Planning Hong Kong IPO.

CNShanghai, ChinaFounded 2023
Valuation
$5.0B
Total Raised
$900M
Revenue (ARR)
TBD
P/S Ratio
--
Employees
300
StepChatStepFun APIStep models
Step-2Step-1V
Series B+2026-01
$717M
Lead: Shanghai SSCI, China Life Private Equity

Revenue not publicly disclosed.

Links

www.stepfun.comProvider page

Key investors (4)

TencentQiming Venture Partners5Y CapitalShanghai state-owned capital

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Google DeepMind logoGoogle DeepMind$4.0TMeta AI logoMeta AI$1.5TOpenAI logoOpenAI$840.0BAnthropic logoAnthropic$380.0BAlibaba (Qwen) logoAlibaba (Qwen)$293.0BxAI logoxAI$250.0B

Models by StepFun

Step-2Step-1V

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Google DeepMind · $4.0TMeta AI · $1.5TOpenAI · $840.0BAnthropic · $380.0BAlibaba (Qwen) · $293.0B

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