ModelBest raised over 5 billion yuan (US$738 million) in its latest C+ Series funding round, propelling its valuation to 20 billion yuan. This funding was supported by Shanghai Mejoy Capital.
Amount Raised
¥5 Billion
Round Type
Series C
BeijingArtificial IntelligenceAutomotiveInvestors
Description
ModelBest, based in Beijing, is a prominent player in on-device AI focused on smaller models for smartphones and laptops. The latest C+ Series funding round significantly increased the firm's valuation. Investors, including Shanghai Mejoy Capital, are excited about the potential of local AI solutions. This milestone reflects the growing interest and capital flowing into China's edge AI sector.
Quick answer
ModelBest raised ¥5 Billion in a Series C round, dated July 16, 2026. Investors: Shanghai Mejoy Capital. ModelBest is based in Beijing, Beijing, China.
- How much did ModelBest raise?
- ModelBest raised ¥5 Billion in a Series C round on July 16, 2026.
- Who invested in ModelBest?
- Shanghai Mejoy Capital is named as investors in this round.
- What does ModelBest do?
- ModelBest is one of China's earliest large-model developers focused on edge intelligence.
- Where is ModelBest based and how big is it?
- ModelBest is based in Beijing, Beijing, China. Fundz records about 40 employees.
- Who are the decision-makers at ModelBest?
- Fundz holds 1 contact at ModelBest, including the LLM. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Automotive and Artificial Intelligence around the same time
Companies in the same sectors as ModelBest that raised within 45 days of this round, from Fundz verified event records.
Who to call at ModelBest, and when
A new round usually means ModelBest is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day ModelBest raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at ModelBest, from your own LinkedIn network
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