Shanghai AI unicorn StepFun raises over $718 million in B+ round · TechNode

Geely-linked veteran Yin Qi joins Chinese AI start-up StepFun as chairman

StepFun closes US$690 million B+ funding round as the company doubles down on “physical AI”.

Shanghai AI unicorn StepFun raises over $718 million in B+ round · TechNode

Shanghai-based large-model startup StepFun has completed a B+ financing round exceeding RMB 5 billion ($718 million), setting a new record for the largest single financing in China’s large-model sector over the past 12 months. The round saw participation from Shanghai SDIC Leading Fund, China Life Private Equity Investment, Pudong Venture Capital, Xuhui Capital, Wuxi Liangxi Fund, Xiamen ITG Group, and Huaqin Technology, among other industrial i…

SenseTime spinout Sunrise raises RMB 3 billion for next-gen AI inference chips

Chinese chipmaker Sunrise has raised nearly RMB 3 billion (USD 420 million) in funding over the past year, according to China Venture. The report did not specify whether the capital was raised in a single round or across multiple financings. The investor base spans multiple categories. Industrial and strategic backers include Sany Group’s HX Capital, 4Paradigm, CP Robotics, and GCL Technology. Venture capital and private equity firms participati…

Chinese AI Model Startup StepFun Secures Over RMB 5 Bn in B+ Round to Accelerate AI Terminal Strategy - YT FINANCE

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