StepFun
How StepFun stacks up in Foundation Models — funding data, key investors, and more.
Awaira Score
Out of 100
HQ
China
Founded
2023
Raised
$570M
Stage
Series A
Team
100-500
About StepFun
StepFun develops multimodal foundation models for Chinese and English language applications, producing the Step series of large language and vision-language models that target enterprise deployment through API and private cloud licensing. The Beijing company was founded by Jiang Daxin, a former senior executive at Baidu, bringing search and large-scale AI infrastructure experience to foundation…
Key Facts
- StepFun is valued at $2B as of March 2026.
- StepFun has raised a total of $570M in disclosed funding across 1 funding rounds.
- StepFun was founded in 2023 by Jiang Daxin and is headquartered in China.
- StepFun employs approximately 100-500 people.
- StepFun operates in the Foundation Models category and is currently at the Series A stage.
- StepFun has an Awaira Score of 58/100, ranking it among the tracked AI companies on Awaira.
- StepFun's most recent funding round was a Series A of $200M closed in March 2024, led by Tencent.
Source: Awaira · Updated Mar 24, 2026
Valuation
$2B
Post-money
Total Raised
$570M
All rounds
Awaira Score
58/100
Founded
2023
100-500 employees
Strengths & Risks
Strengths
Unicorn status with $2B valuation
Large team of 100-500+ employees
Considerations
Very early stage — limited track record
Analysis based on publicly available data. Not investment advice.
Awaira estimate based on public data. Not financial advice.
How does StepFun stack up against competitors?
Competitor Comparison
Investors in StepFun
Funding Rounds
InactiveLed by Tencent
$200M
Mar 2024
StepFun Latest News
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