Mianbi Smart Valuation, Funding & Investors

Mianbi Smart is valued at $2.9B as of July 2026.

Last Mianbi Smart valuation

$2.9B

Series C · Jul 2026

Last Mianbi Smart funding round

Undisclosed stage

Amount undisclosed · Jul 2026

Cumulative funding Mianbi Smart raised

$590M

across 5 funding rounds

Key investors in Mianbi Smart

  • Shenzhen Capital Group
  • CPE
  • GoldStone Investment
  • Summitview Capital
  • Guotai Junan Innovation Investment
  • Shanghai Daohe Long-term Investment Management

Mianbi Smart Overview

About Mianbi Smart

Mianbi Smart is a Chinese AI infrastructure provider optimizing large language model inference and deployment. Its platform accelerates model execution on GPUs through quantization and pruning techniques, supporting frameworks like TensorRT and ONNX. Targeted at enterprises, it reduces latency for applications in natural language processing and generative AI.


Founded

2022

HQ

ChinaBeijing

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Valuation

$2.9B (Jul 2026)

Mianbi Smart Valuation

Mianbi Smart is currently valued at $2.9B, based on its Series C in July 2026.

Mianbi Smart valuation by funding round

Mianbi Smart valuation by funding round
DateStageValuation
Jul 2026Series C$2.9B

Mianbi Smart Funding History

Mianbi Smart has raised a total of $590M across 5 funding rounds.

Mianbi Smart's first fundraising round was a $2M seed round in August 2022. The most recent completed round was a undisclosed-stage round in July 2026.

Mianbi Smart funding rounds

Mianbi Smart funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jul 2026Undisclosed stage----
Jul 2026Series C-$589M$2.9BModelBest closed a new funding round in July 2026, with cumulative first-half 2026 fundraising exceeding CNY 5,000 million and a post-money valuation above CNY 20,000 million. The latest tranche was backed by a broad mix of state-backed investment funds, state-owned enterprises, automotive manufacturers, and private financial institutions, with reports identifying China Telecom, Shenzhen Capital Group, Inovance Investment, CITIC-related capital, Huawei Hubble, and other industrial investors across recent rounds. The company did not disclose the size of the latest tranche. ModelBest’s fundraising reflects strong investor interest in on-device AI and edge-deployment models rather than cloud-scale foundation models. The company is positioned as a leading Chinese developer of compact LLMs and multimodal systems, with its MiniCPM series deployed across smartphones, PCs, home devices, and automotive applications. Public reporting describes the business as expanding its reach in phones, cars, and other edge environments, while the financing momentum in 2026 pushed it into the upper tier of China’s AI unicorns. ModelBest is a Beijing-based AI startup founded around 2023 and focused on large language models and multimodal systems optimized for efficient deployment on-device. Its reported product footprint includes MiniCPM and related edge-AI offerings used across consumer devices and vehicles, and its investor base has included both strategic and institutional backers from China’s technology, telecom, and industrial sectors.
Apr 2026Undisclosed stageHuichuan Capital (lead); Shenzhen Capital Group (lead); Summitview Capital; Shanghai Daohe Long-term Investment Management; Guotai Junan Innovation Investment---
Feb 2026Undisclosed stageChina Telecom (lead); CPE; GoldStone Investment---
Aug 2022SeedKnowledge Atlas Tech (lead)$2M--

Who has invested in Mianbi Smart?

9 investors have backed Mianbi Smart across its funding rounds, including Shenzhen Capital Group, CPE, GoldStone Investment, Summitview Capital, Guotai Junan Innovation Investment and Shanghai Daohe Long-term Investment Management.

Lead investors include Huichuan Capital, Shenzhen Capital Group, China Telecom and Knowledge Atlas Tech.


Mianbi Smart Investors

Investors in Mianbi Smart by funding rounds participated
InvestorHQRoundsRoleFirst check
Summitview CapitalChinaBeijing1ParticipantApr 2026
CPEChinaBeijing1ParticipantFeb 2026
GoldStone InvestmentChinaBeijing1ParticipantFeb 2026
Huichuan CapitalChinaChina1LeadApr 2026
China TelecomChinaBeijing1LeadFeb 2026
Knowledge Atlas TechChinaBeijing1LeadAug 2022
Shanghai Daohe Long-term Investment ManagementChinaShanghai1ParticipantApr 2026

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Investments by Mianbi Smart

Mianbi Smart has invested in 1 company to date.

Latest investment by Mianbi Smart was on January 6th 2026. Mianbi Smart invested in liko.ai in their Seed round.


Latest Investments by Mianbi Smart

liko.ai
Description
Liko.ai designs AI Home Centers and AI-native cameras powered by NPU and edge large models to build empathetic home AI butler systems.
HQ CountryChina
HQ City
-
Deal Date6 Jan 2026
RoundSeed
Raisedundisclosed
InvestorsZhengxuan Investment; Oriental Fortune Capital; Sense Capital; Xunfei Ventures; Angel Plus China
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Mianbi Smart Competitors

Mianbi Smart competitors include listed companies like Affle 3i and Ncino, and private ones like Terminus Technologies, DuerOS, Gimlet Labs and HyperSat.

Public and private companies comparable to Mianbi Smart
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Terminus TechnologiesChinaBeijingPrivate--$2.9B-
DuerOSChinaBeijingPrivate--$2.9B-
Gimlet LabsUnited StatesSan Francisco, CAPrivate--$3B-
HyperSatUnited StatesNew York City, NYPrivate--$3B-
Affle 3iIndiaIndiaPublicly listed$282M$67M$2.3B6.7x
NcinoUnited StatesUnited StatesPublicly listed$595M$65M$2.3B4.0x

Mianbi Smart Public Comps

Mianbi Smart is still privately-owned, but its public comps include Affle 3i, Ncino, Haizhi, C3.ai, Wenge AI, TRS Information Technology, PCITECH, Fractal Analytics, Presight AI and MiniMax Group.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Affle 3i$282M$67M7.4x6.7x31.3x29.5x
Ncino$595M$65M4.3x4.0x39.0x15.8x
Haizhi$93M($30M)21.5x16.3x(67.1x)(440.4x)
C3.ai$250M($484M)4.3x4.5x(2.2x)(6.2x)
Wenge AI$60M($20M)27.6x-(82.7x)-
TRS Information Technology$76M($20M)19.3x19.7x(73.5x)478.8x
PCITECH$1.5B$53M0.8x0.9x24.1x-
Fractal Analytics$344M$50M3.7x3.4x25.8x21.0x

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Common questions about Mianbi Smart

When was Mianbi Smart founded?Mianbi Smart was founded in 2022.
Where is Mianbi Smart headquartered?Mianbi Smart is headquartered in Beijing, China.
Is Mianbi Smart publicly listed?No, Mianbi Smart is a private, VC-backed company.
What is Mianbi Smart's valuation?Mianbi Smart was last valued at $2.9B in its Series C in July 2026.
How much funding has Mianbi Smart raised?Mianbi Smart has raised $590M across 5 funding rounds.
What was Mianbi Smart's last funding round?Mianbi Smart's last funding round was a undisclosed-stage round in July 2026.
Who are Mianbi Smart's investors?Mianbi Smart's investors include Summitview Capital, CPE, GoldStone Investment, Huichuan Capital, China Telecom, Knowledge Atlas Tech, Shanghai Daohe Long-term Investment Management, Guotai Junan Innovation Investment and Shenzhen Capital Group.
Which companies are comparable to Mianbi Smart?Companies comparable to Mianbi Smart include Terminus Technologies, DuerOS, Gimlet Labs, HyperSat, Affle 3i and Ncino.
How many companies has Mianbi Smart invested in?Mianbi Smart has invested in 1 company, including liko.ai.
What was Mianbi Smart's last investment?In January 2026, Mianbi Smart invested in liko.ai's seed round alongside Zhengxuan Investment, Oriental Fortune Capital, Sense Capital and 2 other investors.

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Mianbi Smart Valuation, Funding & Investors | Multiples