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#197 by ARRShanghai, CNstepfun.com ↗

StepFun

StepFun is an AI technology company that develops large language models and multimodal AI systems to process and generate text.

ARR
$40M
as of Sep 2026
Employees
~200
as of Oct 2026
Valuation
$1.5B
38× ARR
ARR / employee
$200K
revenue efficiency
About StepFun

StepFun is an artificial intelligence technology company that develops large language models and multimodal AI systems designed to process and generate text, images, and video across a range of applications. The company’s platform integrates proprietary foundational models, including models optimized for language generation, vision tasks, and multimodal interaction, enabling teams to build AI-enhanced solutions for creative generation, document analysis, and complex reasoning workflows. StepFun’s tools support developers and researchers in embedding advanced AI capabilities into applications that require natural language understanding, image and video interpretation, and cross-modal content synthesis. The company collaborates with technology partners and enterprises to advance AI model development, open-source releases, and integration into larger digital systems. Its offerings include APIs and frameworks that help technical users leverage large models for tasks such as content generation, summary extraction, and multimedia processing.

StepFun is an AI technology company that develops large language models and multimodal AI systems to process and generate text. Crunchbase rank #484.

Investors · 20

BoardQiming Venture PartnersVenture capital· Kuang Ziping (邝子平) (Managing Partner at Qiming Venture Partners; StepFun director until May 2026 (affiliation from background knowledge, not confirmed by the cited source))26 partners on file
Investor5Y CapitalVenture capital22 partners on file
InvestorChina Life Private EquityVenture capital
InvestorHongShan (formerly Sequoia China)Venture capital14 partners on file
InvestorHuaqin TechnologyVenture capital
InvestorIDG CapitalVenture capital54 partners on file
InvestorLotus Holdings (莲花控股)Venture capital
InvestorMiao Exhibition (米奥会展)Venture capital
InvestorOmniVision Group (豪威集团)Venture capital3 partners on file
InvestorPudong Venture CapitalVenture capital
InvestorQiming Venture PartnersVenture capital26 partners on file
InvestorSDIC Fund ManagementVenture capital2 partners on file
InvestorTencentCorporate13 partners on file
InvestorXiamen ITG Group (厦门国贸)Venture capital
InvestorXuhui Capital (徐汇资本)Venture capital
InvestorZTE CorporationVenture capital3 partners on file
137 partner contacts across these firms, emails and LinkedIn are in Investor Contacts for paid members.
StepFun logo
Investors not disclosed · Natural Language Processing
$718M

News, deals & research

Latest in AI
DealStepFun raises $2.5B in a venture roundMay 8DealStepFun raises $718.1M Series BJan 26
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