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Stepfun raised hundreds of millions in a Series B funding round to further develop its AI models.

PRIVATEDec 27, 2024

Round Type

Series B

ChinaArtificial IntelligenceMachine LearningNatural Language Processing

Description

Stepfun, a Chinese AI model maker, has successfully secured hundreds of millions in a Series B funding round. This investment will be utilized to enhance their AI model development.

Quick answer

Stepfun raised an undisclosed amount in a Series B round, dated December 27, 2024. Stepfun is based in China.

How much did Stepfun raise?
Stepfun raised an undisclosed amount in a Series B round on December 27, 2024.
What does Stepfun do?
Stepfun is a Chinese company specializing in the development of AI models.
Where is Stepfun based and how big is it?
Stepfun is based in China. Fundz records about 78 employees.
Who are the decision-makers at Stepfun?
Fundz holds 2 contacts at Stepfun, including the Global Human Resources Director. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Natural Language Processing and Artificial Intelligence around the same time

Companies in the same sectors as Stepfun that raised within 45 days of this round, from Fundz verified event records.

  • Cursor raised $105M (Funding Round) on January 15, 2025.
  • Cognida.ai raised $15M (Series A) on February 6, 2025.
  • &AI raised $6.5M (Seed) on February 6, 2025.
  • vminds.ai raised an undisclosed amount (Pre-Seed) on February 5, 2025.
  • Tana raised $14M (Series A) on February 3, 2025.
  • Perspective AI raised $4M (Seed) on January 30, 2025.

Who to call at Stepfun, and when

A new round usually means Stepfun is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Stepfun raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Stepfun, from your own LinkedIn network

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Company Information

Company

Stepfun

Location

China

About

Stepfun is a Chinese company specializing in the development of AI models. The company has recently gained attention for securing a significant amount of funding to further its endeavors in artificial intelligence. With a focus on innovative technology, Stepfun is poised to enhance its offerings in the competitive AI market. The company aims to leverage this funding to expand its operations and capabilities.

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Fundz sees it the moment Stepfun raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

2 contacts
Verified contactsWeijiang U., Global Human Resources Director hiddenSee plans and pricing
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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

Stepfun raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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