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- Shengshu Technology
Shengshu Technology Funding, Investors & Competitors
Shengshu Technology has raised $441M across 4 funding rounds, most recently a $291M Series B in April 2026.
Last Shengshu Technology funding round
$291M
Series B · Apr 2026
Cumulative funding Shengshu Technology raised
$441M
across 4 funding rounds
Key investors in Shengshu Technology
Qiming Venture Partners
Zhuoyuan Capital
Baidu Ventures
Delta Capital
Zhongguancun Science City Science
Beijing Artificial Intelligence Industry Investment Fund
Xiamen C&D Emerging Industry Equity Investment
Xinglian Capital
Shengshu Technology Overview
About Shengshu Technology
Shengshu Technology is a Beijing-headquartered generative AI infrastructure provider at shengshu-ai.com. It develops multi-modal large-scale models integrating text, images, videos, and 3D data. The company releases models like ShengShu-7B for video generation and multimodal understanding, serving applications in content creation, advertising, and virtual reality across China.
Founded
2023
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Shengshu Technology Funding History
Shengshu Technology has raised a total of $441M across 4 funding rounds.
Shengshu Technology's first fundraising round was a $23M angel round in March 2024. The most recent completed round was a $291M Series B in April 2026.
Shengshu Technology funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Apr 2026 | Series B | Alibaba Cloud (lead); Xinglian Capital; Jiuan Haitang; Baidu Ventures; TAL Education; Guanghe VC; Xiamen C&D Emerging Industry Equity Investment; China Internet Investment Fund; Z&Y Capital; Luminous Ventures (former Lightspeed China Partners); Delta Capital | $291M | - |
| Feb 2026 | Series A | Xinglian Capital (lead); Zhongguancun Science City Science (lead); Visual China Group; Beijing Artificial Intelligence Industry Investment Fund; Qiming Venture Partners; TRS Information Technology; Xiamen C&D Emerging Industry Equity Investment; Zhuoyuan Capital; Huaihai Investment; Wondershare | $87M | Shengshu Technology, a multimodal AI company, completed a Series A+ funding round on February 5, 2026, raising over RMB 600 million (approximately USD 80-87 million), co-led by Zhongguancun Science City and LINK-X CAPITAL (noted as Xinglian Capital in query), with participation from Wondershare, Visual China Group, TRS, and existing investors including Qiming Venture Partners, Beijing Artificial Intelligence Industry Investment Fund, C&D Emerging Industry Equity Investment, and others. The funding supports advancement in multimodal foundation models like Vidu, focusing on video generation and AI productivity tools for digital and physical worlds. In December 2025, the company open-sourced TurboDiffusion, enabling 100-200x faster video generation on a single RTX 5090 GPU. Shengshu has built a product ecosystem around Vidu, including MaaS, SaaS, App, and Agent offerings, serving content creators, studios, and enterprises in over 200 countries. The platform achieved more than 10x growth in users and revenue in 2025, with expanding commercial adoption globally. The company emphasizes core model innovation and commercialization to reshape content workflows. Earlier rounds include a Seed in May 2024 with Beijing AI Industry Investment Fund, Baidu, Qiming Venture Partners, and others, and a prior Series A led by Bohua Capital with similar investors; a June 2023 valuation of $100M is noted but not tied to this round. |
| May 2024 | Seed | Baidu (lead); Beijing Artificial Intelligence Industry Investment Fund (lead); Qiming Venture Partners; Zhuoyuan Capital; Zhongguancun Science City Science | $40M | Shengshu Technology is a multimodal AI startup focused on generative AI, particularly video generation through its Vidu model, which ranks highly in global benchmarks for speed and quality. The company develops a product ecosystem including Vidu MaaS, SaaS, App, and Agent, serving content creators, studios, enterprises in film, animation, advertising, gaming, and more across over 200 countries. Vidu collaborates with major players like Tencent, iQIYI, ByteDance, Samsung, JD.com, and L’Oréal, achieving rapid adoption and efficiency gains via innovations like TurboDiffusion. The October 2024 seed round on 5/10/2024 involved investors Baidu, Beijing AI Industry Investment Fund, Qiming Venture Partners, Z&Y Capital (Zhuoyuan), and Zhongguancun Science City Science and Technology Fund. An earlier Series A in September raised hundreds of millions of yuan led by Bohua Capital with participation from Baidu Zhantou, Beijing AI Fund, Qiming, and others. A subsequent Series A+ round in February 2026 raised over RMB 600 million (~$86M) co-led by Zhongguancun Science City and LINK-X Capital, with new investors Wondershare, Visual China, TRS, and follow-on from Qiming, Beijing AI Fund, and others via convertible preferred shares. This round highlights strong investor confidence amid China's AI boom, positioning Shengshu competitively against firms like SenseTime. In 2025, the company reported more than 10x growth in users and revenue. Shengshu emphasizes core model innovation in multimodal AI, aiming to transform content production and bridge digital-physical worlds. Leadership, including CEO Yihang Luo and Chief Scientist Jun Zhu, focuses on commercialization and global expansion, with Vidu maintaining top global performance in video generation. |
| Mar 2024 | Angel | Qiming Venture Partners (lead); Knowledge Atlas Tech; Baidu Ventures; Zhuoyuan Capital; Hongfu Houde; Delta Capital | $23M | Shengshu Technology develops multimodal foundation models, focusing on video generation with its Vidu platform, which supports features like Reference-to-Video, storytelling with 16-second audio-video generation, 1080p output, and top benchmark performance (No.1 in China, No.2 globally per Artificial Analysis). The company offers a product ecosystem including Vidu MaaS, SaaS, App, and Agent for creators and enterprises in over 200 countries. A later Series A+ round of over RMB 600 million was announced in February 2026, co-led by Zhongguancun Science City and LINK-X CAPITAL, with strategic investments from Wondershare, Visual China Group, and TRS, plus follow-on from Qiming Venture Partners, Beijing AI Industry Investment Fund, and others. This funding supports model innovation and commercialization, following Vidu's global launch in July 2024 and iterative releases like Vidu Q1-Q3. In 2025, Shengshu achieved more than 10x growth in users and revenue, with Vidu powering content production globally. Qiming Venture Partners, the lead in the queried round, has a strong AI portfolio including over 100 projects and cumulative investments of about 12 billion yuan across the AI chain, with prior investments in Shengshu alongside firms like Zhipu. |
Who has invested in Shengshu Technology?
22 investors have backed Shengshu Technology across its funding rounds, including Qiming Venture Partners, Zhuoyuan Capital, Baidu Ventures, Delta Capital, Zhongguancun Science City Science and Beijing Artificial Intelligence Industry Investment Fund.
Lead investors include Alibaba Cloud, Xinglian Capital, Zhongguancun Science City Science, Baidu, Beijing Artificial Intelligence Industry Investment Fund and 1 other investor.
Shengshu Technology Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Mar 2024 | ||
| 3 | Participant | Mar 2024 | ||
| 2 | Lead | May 2024 | ||
| 2 | Lead | Feb 2026 | ||
| 2 | Participant | Mar 2024 | ||
| 2 | Participant | Feb 2026 | ||
| 2 | Lead | May 2024 | ||
| 2 | Participant | Mar 2024 | ||
| 1 | Participant | Feb 2026 | ||
| 1 | Participant | Apr 2026 | ||
| 1 | Participant | Mar 2024 | ||
| 1 | Lead | May 2024 | ||
| 1 | Participant | Apr 2026 | ||
This data is available for Pro users. Sign up to see all 22 Shengshu Technology investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialShengshu Technology Competitors
Shengshu Technology competitors include listed companies like Snowflake and Z.ai, and private ones like Lovable, ElevenLabs, Higgsfield and Runway.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $500M | - | $13B | 26.6x | ||
| Private | $500M | - | $11B | 22.0x | ||
| Private | $400M | - | $5.4B | 13.5x | ||
| Private | $300M | - | $5.3B | 17.7x | ||
| Publicly listed | $4.7B | ($1.3B) | $119B | 21.0x | ||
| Publicly listed | $108M | ($658M) | $46B | 65.9x |
Shengshu Technology Public Comps
Shengshu Technology is still privately-owned, but its public comps include Palantir, Snowflake, Z.ai, IonQ, MiniMax Group, Presight AI, Affle 3i, Ncino, Haizhi and C3.ai.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $4.5B | $1.5B | 92.6x | 58.1x | 285.0x | 97.4x | |||
| $4.7B | ($1.3B) | 25.6x | 21.0x | (94.1x) | 121.7x | |||
| $108M | ($658M) | 422.9x | 65.9x | (69.4x) | (73.0x) | |||
| $130M | ($531M) | 109.9x | 40.3x | (26.9x) | (39.1x) | |||
| $79M | ($1.9B) | 131.8x | - | (5.5x) | - | |||
| $825M | $214M | 6.3x | 5.4x | 24.4x | 20.8x | |||
| $282M | $67M | 7.4x | 6.7x | 31.3x | 29.5x | |||
| $595M | $65M | 4.3x | 4.0x | 39.0x | 15.8x | |||
This data is available for Pro users. Sign up to see all Shengshu Technology competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Shengshu Technology
| When was Shengshu Technology founded? | Shengshu Technology was founded in 2023. |
| Where is Shengshu Technology headquartered? | Shengshu Technology is headquartered in Beijing, China. |
| Is Shengshu Technology publicly listed? | No, Shengshu Technology is a private, VC-backed company. |
| How much funding has Shengshu Technology raised? | Shengshu Technology has raised $441M across 4 funding rounds. |
| What was Shengshu Technology's last funding round? | Shengshu Technology's last funding round was a $291M Series B in April 2026, led by Alibaba Cloud. |
| Who are Shengshu Technology's investors? | Shengshu Technology's investors include Qiming Venture Partners, Zhuoyuan Capital, Beijing Artificial Intelligence Industry Investment Fund, Xinglian Capital, Baidu Ventures, Xiamen C&D Emerging Industry Equity Investment, Zhongguancun Science City Science, Delta Capital, Visual China Group, Jiuan Haitang and 12 others. |
| Which companies are comparable to Shengshu Technology? | Companies comparable to Shengshu Technology include Lovable, ElevenLabs, Higgsfield, Runway, Snowflake and Z.ai. |
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