# Stepfun raises USD 2.5 billion in equity financing

On 2026-05-08, according to Xiniu Data, Stepfun completed equity financing, raising USD 2.5 billion. Investors were Huaqin Technology, Longqi Technology, Weiergufen, Zhongxingtongxun and others. The company is a developer and application provider of general-purpose AI large models.



Canonical: https://uniquebase.ai/news/17bf917a-9ac2-470c-b507-4e0ec5fb069b
Stable identifier: 17bf917a-9ac2-470c-b507-4e0ec5fb069b
Snapshot captured: 2026-10-20T18:19:32.670Z
English updated: 2026-10-20T18:21:37.120Z

## Connected profiles

- [Gangtougongsi](/institutions/gangtougongsi)
- [Huaqin Technology](/institutions/UB-I7904)
- [Longqi Technology](/institutions/longqi-technology)
- [Stepfun](/companies/jieyuexingchen)
- [Weiergufen](/institutions/weiergufen)
- [Zhongxingtongxun](/institutions/zhongxingtongxun)

## Sources

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