Companies

Zhipu AI

zhipuai.cn

Zhipu AI builds general-purpose AI models, agents, and deployment platforms for enterprises, developers, and consumers.

HQBeijing, Beijing Municipality, China
Employees201-1000
Funding$1.4B
Valuation$2.74B
Revenue$53M
1 active role
Profile 6mo agoJobs checked 4h ago
AI / MLFoundation Model ProviderB2B SaaSSeries D+$1B+

About

Zhipu AI develops general-purpose large language and multimodal models, agent tools, and a model-as-a-service platform for institutional customers, developers, and individual users. Its differentiation is an integrated GLM model and knowledge-driven technology stack, commercialized through products such as enterprise agents, on-premise deployments, APIs, and the Zhipu QingYan assistant.

Market

Zhipu AI competes in China’s generative-AI and foundation-model market, spanning large language models, multimodal models, autonomous agents, developer tooling, and model-as-a-service APIs. It positions itself as a full-stack, China-focused model company that combines open-source/open-weight models with enterprise-ready APIs, long-context coding and reasoning, multimodal capabilities, and agentic task execution, differentiating it from competitors that may focus more narrowly on consumer chat, model efficiency, or platform distribution.

Target Customers

Zhipu AI primarily targets enterprise customers—especially large organizations and Fortune 500 companies—through production-ready agent APIs, model services, and industry solutions. It also serves developers and AI teams that need open-source models, local deployment, fine-tuning, coding tools, or access to multimodal foundation-model APIs.

At a Glance

Problem

Zhipu AI addresses the need for Chinese-language, reliable, and controllable generative AI that organizations can deploy without building frontier models themselves or depending entirely on foreign technology. The pain is especially acute for governments and state-owned enterprises seeking sovereign AI infrastructure, as well as businesses facing expensive, repetitive knowledge work and software-development tasks. Its strongest use case is agentic automation: models that can plan, call tools, operate interfaces, write code, and execute long-running workflows rather than merely generate conversational answers. Usage-based pricing, including low-cost model tiers, makes high-volume automation economically viable, while private deployment addresses data sovereignty and compliance concerns.

Product / Service

Zhipu builds the GLM family of foundation models, spanning bilingual language models, long-context coding models, multimodal systems, and autonomous agents. It delivers these through a model-as-a-service platform with production APIs, including translation, slide and poster generation, web search, fine-tuning, and enterprise agent capabilities. Products such as ChatGLM, AutoGLM, and AutoClaw package the underlying models into end-user or workflow-oriented applications; AutoGLM, for example, is designed to plan and execute tasks across digital devices. Customers can use open or open-weight models, cloud APIs, customized fine-tuning, and—historically—on-premises or private-hardware deployments, although the company has been shifting clients toward cloud-based APIs.

Market

Zhipu competes in the Chinese and international foundation-model, generative-AI infrastructure, coding-assistant, and agent-software markets. Its named competitors include DeepSeek, Moonshot AI, MiniMax, ByteDance, Alibaba, Baidu, and other Chinese model developers, while its capabilities also compete indirectly with leading US model providers. The company is not pre-revenue: it reported 724.33 million yuan of 2025 revenue, up 131.9% year over year, although it remained deeply loss-making, with total losses of 4.72 billion yuan driven largely by research and development spending. Traction includes more than 40 million global downloads for its open-source model series, service to Fortune 500 companies and millions of users, roughly 100,000 overseas monthly API users and 3 million overseas free chatbot users, and a Hong Kong IPO followed by its first public annual-results report.

Founders & Leadership

Liu DebingFounder
Chairman of the Board
Zhang PengFounder
Chief Executive Officer and General Manager
Li JuanziFounder
Non-executive Director
Tang JieFounder
Chief Scientist
Wang ShaolanFounder
Deputy General Manager
Zhang BoChief Scientist

Funding History

2022-09
Series BUndisclosed

Qiming Venture Partners, Legend Capital, Tsinghua Holdings

2023-07
Series BUndisclosed

Meituan

2023-09
Series BUndisclosed

Alibaba Capital Partners, Tencent

2023-10
Series BUndisclosed

Ant Group

2023-10
Series B$342M

Alibaba Group, Tencent

2024-03
Series BUndisclosed

Qiming Venture Partners

2024-05
Series C$400M

Prosperity7 Ventures

2024-09
Series CUndisclosed

Zhongguancun Science City

2024-12
Series D$420M

Legend Capital

2025-03
Series D$137M

Hangzhou Industrial Investment Group, Shangcheng Capital

2025-03
Series D$69M

Zhuhai Huafa Group

2025-03
State-backed investment$41.5M

Chengdu government-backed fund

2025-04
Series D$27.4M

Beijing Artificial Intelligence Industry Investment Fund

2025-07
Strategic funding round$140M

Pudong Venture Capital Group, Zhangjiang Group

Recent News

2026-07-09funding
China's Zhipu AI Shares Surge on $4 Billion Fundraising

Zhipu AI announced plans for a US$4 billion fundraising to support growth, offering 19.78 million shares at a discount.

2026-07-08funding
China's Zhipu AI raises $4 billion in Hong Kong share sale

Zhipu AI’s Hong Kong share offering raised around HK$31.41 billion (about US$4.01 billion); shares reportedly rose 13.4% before the placement launch.

2026-06-26
China's Zhipu is booming with Anthropic and OpenAI held ...

CNBC coverage said Zhipu’s GLM 5.2 reflects a shift toward delivering more intelligence per dollar and that open-source AI is becoming a stronger contender.

2026-06-16product
GLM-5.2: Built for Long-Horizon Tasks

Z.ai introduced GLM-5.2 as its latest flagship model, focused on long-horizon tasks.

2026-05-13partnership
Announcing Our Partnership with Z.ai

Puter announced a direct integration with Z.ai, bringing the full GLM model family to Puter and its community of more than 80,000 developers.

2026-04-07product
GLM-5.1: Towards Long-Horizon Tasks

Z.ai launched GLM-5.1 as a next-generation flagship model for agentic engineering, with stronger coding capabilities than its predecessor.

2026-02-12product
GLM-5: From Vibe Coding to Agentic Engineering

Z.ai introduced GLM-5 for complex systems engineering and long-horizon agentic tasks.

Active Roles

1

Business Model

Zhipu AI earns revenue from on-premise deployment of large models and related services, as well as cloud-based services. Cloud revenue includes subscription- and usage-based APIs, SDK and MaaS access, model training and fine-tuning, while additional revenue comes from enterprise agents, general-purpose models, and technical services.

Products

GLM model family, including GLM-5.2, GLM-5V-Turbo, GLM-5-Turbo, GLM-4.x, ChatGLM, and GLM-130BMaaS/BigModel model platform and multimodal APIsAutoGLM autonomous agent productsChatGLM consumer conversational AIAutoClaw agent platformZread.ai and AMiner knowledge/research productsRelated open-source model lines and tools, including CodeGeeX, CogVLM, CogView, and CogVideo

Customers

Didi (publicly disclosed strategic partner for AGI and smart-mobility applications; customer status is not explicitly stated)

Tech Stack

GLM/ChatGLM large language modelsMultimodal vision-language modelsAgentic AI with tool calling, autonomous planning, and long-horizon executionMixture-of-Experts (MoE) pretrainingModel fine-tuning and multimodal API infrastructureKnowledge graphs and data-driven cognitive-engine technologies

Competitors

DeepSeek
Moonshot AI
MiniMax
Baichuan AI
01.AI
StepFun

Key Investors

Tencent, Alibaba, Meituan, Legend Capital, Zhongguancun Science City, Prosperity7 Ventures, Qiming Venture Partners