Shanghai AI unicorn StepFun raises over $718 million in B+ Round
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Shanghai-based AI startup StepFun has raised over $718 million in a B+ financing round, marking the largest single financing in China's large-model sector in the past year. The round included investments from Shanghai SDIC Leading Fund, China Life Private Equity, and others, alongside existing shareholders like Tencent. The funds will be used to enhance foundational model development and implement StepFun's AI+terminal strategy.
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