Stepfun

Shanghai, China · Founded 2023 · Privately Held (backing)

Developer and provider of AI large model solutions designed for advancing artificial general intelligence (AGI) through unified multimodal understanding and generation. Stepfun is based in Shanghai, China and was founded in 2023. It has raised $570 million.

Last price · $/share
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Implied valuation
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Total raised
$570.0M
Last round
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Valuation — not yet established

No valuation for Stepfun is on record yet — no priced round, mark, or trade has surfaced in our sources. Total raised ($570.0M) and the funding record below are the closest available signals.

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Stepfun funding history

No rounds on record

No funding rounds for Stepfun are on record yet — either the company hasn't raised institutional capital, or the raise hasn't surfaced in our sources.

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How Stepfun's valuation is determined

Private company valuations aren’t quoted on an exchange — they’re established in moments: a priced funding round sets a post-money valuation, secondary trades print at a price per share, and SEC-registered funds holding the stock report fair-value marks in their N-PORT filings.

For Stepfun, too few pricing signals exist to publish a composite mark; the figures above reflect the most recent observed valuation event. Full methodology →

Frequently asked about Stepfun

How much has Stepfun raised?
Stepfun has raised $570.0M in total funding across its recorded rounds.