StepFun, a large - model startup headquartered in Shanghai, has successfully closed a Series B+ funding round, raising over 5 billion RMB. This marks the largest single - round financing amount in China's large - model industry over the past year. A diverse range of institutions took part in this funding round, and existing shareholders also opted to increase their stakes.

The capital raised in this round will be channeled into fundamental model research and development. The company aims to construct top - notch foundational models and expedite the execution of its AI + terminal strategy. On the same day of the funding announcement, Yin Qi was officially appointed as the Chairman of StepFun.

Focusing on “foundational large models” and “AI + terminal” as its core strategies, StepFun has reached world - class levels across multiple model types. Moreover, it is vigorously pushing forward the development of its “AI + terminal” commercialization system.