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- HiDreamai
HiDreamai Funding, Investors & Competitors
HiDreamai has raised $307M across 6 funding rounds, most recently a undisclosed-stage round in October 2026.
Last HiDreamai funding round
Undisclosed stage
Amount undisclosed · Oct 2026
Cumulative funding HiDreamai raised
$307M
across 6 funding rounds
Key investors in HiDreamai
Oriental Fortune Capital
GP Capital
Hefei Industry Investment Group
Caixin Capital
Anhui Artificial Intelligence Mother Fund
JD.com
Dunhong Capital Management
Hefei High-tech VC
About HiDreamai
HiDream.ai is a developer of generative AI models specializing in multimodal content creation that integrates visual and linguistic generation. The company released the open-source HiDream-I1 image generation model in 2024, capable of producing high-resolution images from text prompts. Based in China, HiDream.ai focuses on advancing AIGC foundational models through research in multimodal interaction technologies. Its platform supports applications in image synthesis, video generation, and interactive AI experiences for developers and creators worldwide.
Founded
2023
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Licensing
HiDreamai Funding History
HiDreamai has raised a total of $307M across 6 funding rounds.
HiDreamai's first fundraising round was a $14M Series A in December 2024. The most recent completed round was a undisclosed-stage round in October 2026.
HiDreamai funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Oct 2026 | Undisclosed stage | Chengdu Jiazi Zhongying Fund (lead) | - | The Jiaozi-system funds managed by Chengdu's Jiaozi Capital Group signed an investment agreement with HiDream.ai, written Zhixiang Yuanyi in the Chengdu announcement, on 20 October 2026. HiDream.ai is a multimodal generative AI company founded in 2023 and headquartered in Beijing, with offices in Hefei, Shanghai and Shenzhen. It had completed a RMB 1.5 billion Series C in July 2026, co-led by the Sichuan Zhenxing science and technology fund, ICBC Capital and others, and had raised more than RMB 2.1 billion over the preceding three months. The signing took place on 20 October 2026 at the Jiaozi fund-manager ecosystem conference in Chengdu, organised by Chengdu Jiaozi Financial Holding Group and hosted by Jiaozi Capital Group, where the Jiaozi-system funds signed investments with six key companies for a combined RMB 430 million; the amount attributable to each company was not broken out. Jiaozi Capital also announced that day that its fund system was being upgraded from a 3+1 structure to a 1+5 matrix of self-managed funds, with artificial intelligence named as the first of Chengdu's 17 key industrial chains. The company develops the HiDream-O1 family of image, video and omni-modal models and sells model services to enterprises and creators through products such as vivago and HiHarness. |
| Jul 2026 | Series C | Dunhong Capital Management (lead); Hongyi Asset Management (lead); ICBC Capital (lead); Sichuan Revitalization Science and Technology Innovation Fund (lead); Hangyuan Capital; Oriental Fortune Capital; Bank of Communications; GP Capital; Zhejiang Huace Film & TV; Caixin Capital; Hefei Industrial Investment; Ruosong Fund; Shanghai Film New Vision Fund; Yuhang Jinkong; Zhongzhe Venture Capital; Xiamen International Trade Capital; Jinhua Jintou; Chuangyunhai Capital | $221M | HiDream.ai (智象未来) completed a C round financing of CNY 1500 million in July 2026, led by Sichuan Revitalization Sci-Tech Innovation Fund of the National Social Security Fund, ICBC Capital, Hongyi Asset Management, and Dunhong Capital, with Chuangyunhai Capital among the participating investors. The company said this was its third financing round in about three months, bringing total financing over CNY 2100 million. The round was positioned to support HiDream.ai’s development of multimodal foundation model technology and its “native full-modal world model” strategy, with participation from a broad mix of state-backed funds, financial investors, and strategic industry capital. HiDream.ai is described as a general-purpose large-model and multimodal AI company; the reported financing materials characterize it as a foundational model innovator focused on accelerating multimodal AI development and expanding its model and product roadmap. |
| May 2026 | Undisclosed stage | Fuju Capital; GP Capital; Caixin Capital; Fuji Capital; Shenzhen Capital Group | - | - |
| Apr 2026 | Series B | Oriental Fortune Capital; Fenghua Capital; XINGTAI GROUP; Anhui Artificial Intelligence Mother Fund; Hefei Industry Investment Group; Hefei High-tech VC; ANHUI PROVINCIAL INVESTMENT GROUP | $73M | - |
| Dec 2025 | Series A | JD.com; Jinhua Jinwu Empowerment Fund | - | HiDreamai raised an undisclosed amount in a Series A funding round from Jinhua Jinwu Empowerment Fund and JD.com around December 2025. |
| Dec 2024 | Series A | Hefei Industry Investment Group (lead); Hubei Changjiang Film Group; Anhui Artificial Intelligence Mother Fund | $14M | HiDream.ai is a generative AI company focused on visual multimodality (text, images, videos, 3D) founded in March 2023 and based in Haidian, China. The company is led by founder and CEO Mei Tao, former vice president of JD Explore Academy, and counts a highly technical team with over 90% holding PhDs and Master's degrees from companies including Microsoft, Baidu, Tencent, Huawei, JD.com, and ByteDance. The company's main product, Zhixiang, functions as an AI-powered product image studio for e-commerce merchants, automating content creation with capabilities for background adjustment, lighting control, and model selection. HiDream.ai launched its product Pixeling V1.0 in August 2023 and has attracted attention at major industry events including Alibaba's Apsara Conference 2024. The company has received backing from investors including Alpha Commune, Zhongheda Seed Fund No. 1, iFlytek (angel round lead), Hefei Industry Investment Group, Huaan Jiaye, Changjiang Film Group, Dunhong Capital Management, and Alpha Startups. |
Who has invested in HiDreamai?
31 investors have backed HiDreamai across its funding rounds, including Oriental Fortune Capital, GP Capital, Hefei Industry Investment Group, Caixin Capital, Anhui Artificial Intelligence Mother Fund and JD.com.
Lead investors include Chengdu Jiazi Zhongying Fund, Dunhong Capital Management, Hongyi Asset Management, ICBC Capital, Sichuan Revitalization Science and Technology Innovation Fund and 1 other investor.
HiDreamai Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Apr 2026 | ||
| 2 | Participant | May 2026 | ||
| 2 | Participant | Dec 2024 | ||
| 2 | Lead | Dec 2024 | ||
| 2 | Participant | May 2026 | ||
| 1 | Participant | Jul 2026 | ||
| 1 | Participant | Dec 2024 | ||
| 1 | Participant | Jul 2026 | ||
| -- | 1 | Participant | May 2026 | |
| 1 | Participant | Jul 2026 | ||
| 1 | Participant | Apr 2026 | ||
| 1 | Participant | Apr 2026 | ||
| 1 | Lead | Oct 2026 | ||
This data is available for Pro users. Sign up to see all 31 HiDreamai investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialHiDreamai Competitors
HiDreamai competitors include listed companies like Snowflake and Z.ai, and private ones like ElevenLabs, Lovable, Higgsfield and Runway.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $600M | - | $22B | 36.7x | ||
| Private | $500M | - | $13B | 26.6x | ||
| Private | $700M | - | $5.4B | 7.7x | ||
| Private | $200M | - | $5.3B | 26.5x | ||
| Publicly listed | $4.7B | ($1.3B) | $97B | 16.4x | ||
| Publicly listed | $109M | ($662M) | $26B | 31.4x |
HiDreamai Public Comps
HiDreamai is still privately-owned, but its public comps include Palantir, Snowflake, Z.ai, IonQ, MiniMax Group, Presight AI, Affle 3i, Ncino, C3.ai and Haizhi.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $4.5B | $1.5B | 84.1x | 47.6x | 258.7x | 77.6x | |||
| $4.7B | ($1.3B) | 20.9x | 16.4x | (76.7x) | 93.1x | |||
| $109M | ($662M) | 241.1x | 31.4x | (39.6x) | (38.9x) | |||
| $130M | ($531M) | 109.8x | 31.5x | (26.9x) | (33.1x) | |||
| $79M | ($1.9B) | 74.0x | - | (3.1x) | - | |||
| $825M | $214M | 5.7x | 4.7x | 21.9x | 18.1x | |||
| $288M | $68M | 7.6x | 6.7x | 32.0x | 29.5x | |||
| $595M | $65M | 4.5x | 4.2x | 41.0x | 16.0x | |||
This data is available for Pro users. Sign up to see all HiDreamai competitors and their valuation data. Start Free Trial | ||||||||
Common questions about HiDreamai
| When was HiDreamai founded? | HiDreamai was founded in 2023. |
| Where is HiDreamai headquartered? | HiDreamai is headquartered in Shenzhen, China. |
| Is HiDreamai publicly listed? | No, HiDreamai is a private, VC-backed company. |
| How much funding has HiDreamai raised? | HiDreamai has raised $307M across 6 funding rounds. |
| What was HiDreamai's last funding round? | HiDreamai's last funding round was a undisclosed-stage round in October 2026, led by Chengdu Jiazi Zhongying Fund. |
| Who are HiDreamai's investors? | HiDreamai's investors include Oriental Fortune Capital, GP Capital, Anhui Artificial Intelligence Mother Fund, Hefei Industry Investment Group, Caixin Capital, Hangyuan Capital, Hubei Changjiang Film Group, Bank of Communications, Fuju Capital, Zhejiang Huace Film & TV and 21 others. |
| Which companies are comparable to HiDreamai? | Companies comparable to HiDreamai include ElevenLabs, Lovable, Higgsfield, Runway, Snowflake and Z.ai. |
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