CompaniesReading · ~3 min · 31 words deep
StepFun
StepFun is an AI model lab company based in Shanghai, China. Chinese AI model maker founded by ex-Microsoft employees.
Built from BenchGecko data as of October 3, 2026 · updates when the data changes
TL;DR
StepFun is an AI model lab company based in Shanghai, China. Chinese AI model maker founded by ex-Microsoft employees.
Live · economy data
StepFun snapshot
Valuation
$5.0B
Revenue (ARR)
n/a
Sector
pure_ai
P/S ratio
n/a
HQ
Shanghai, China
Founded
2023
Total raised
$0.90B
Employees
300
Level 1
Basic
Chinese AI model maker founded by ex-Microsoft employees. Planning Hong Kong IPO. Founded in 2023.
Level 2
Deep
Key products: StepChat, StepFun API and Step models. Valuation, revenue and funding are tracked with dates and sources on the company page; the snapshot on this page shows the current figures.
Level 3
Expert
BenchGecko classifies StepFun in the AI model lab segment. Its dated figures feed the economy layer and the AI Bubble Index.
The takeaway for you
Depending on why you're here
If you are a
Researcher
- ·Segment: AI model lab
- ·HQ: Shanghai, China
- ·Founded 2023
If you are a
Builder
- ·Products: StepChat, StepFun API and Step models
- ·See /economy/company/stepfun for details
If you are a
Investor
- ·Dated valuation and funding on /economy/company/stepfun
If you are a
Curious · Normie
- ·StepFun: Chinese AI model maker founded by ex-Microsoft employees
Frequently Asked Questions
Chinese AI model maker founded by ex-Microsoft employees. Planning Hong Kong IPO.