MOSI raises over 1 billion yuan in Pre-A funding
10/12/2026 — 10/12, 13:19·2 sources (all)·2 reports (all)·In the 2026-10-12 briefing
Key takeaways
- On October 12, Shanghai-based model company MOSI announced a Pre-A round of over 1 billion yuan, led by Huakong Fund with participation from…
Background & analysis
On October 12, 2026, Shanghai-based model company MOSI (模思智能) announced a Pre-A round of more than RMB 1 billion, led by Huakong Fund. The two reports differ on the participant list: one names Guokai Venture Capital, Shanghai Science and Technology Innovation Fund, Xuhui Capital and Lingang Ceyuan Fund among the investors, with existing shareholders Yuanhe Holdings, Shanghai Sci-Tech Group under Shanghai International Group, and Xinglian Capital following on; the other adds Xinwei Capital and Zhuiguang Hard Tech Ventures, and says Duowei Capital served as the sole long-term financial advisor for this and future rounds. The company did not disclose a valuation. Proceeds are earmarked for R&D and capability building in omni-modal real-time interaction, and for global commercialization.
This is MOSI's second announced round this year, though the reports disagree on the timing and lead investor of the previous one. One account says the earlier round was disclosed about half a year before this one, on April 1, when the Shanghai Future Industry Fund's public account said MOSI had closed a angel round of several hundred million yuan led by that fund together with IDG Capital. The other account places the angel round in March, led by IDG Capital, with Yuanhe Holdings, Shanghai Sci-Tech and the Shanghai Future Industry Fund under Shanghai International Group, MiraclePlus, the Zhipu-affiliated Xinglian Capital and an unnamed leading industrial investor participating.
MOSI was founded in November 2024 and is headquartered in Shanghai, incubated out of Shanghai Innovation Institute and Fudan University's OpenMOSS team. Founder and chief scientist Qiu Xipeng is a distinguished professor at Fudan and vice president of Shanghai Innovation Institute; in February 2023 he led the team in releasing the open-source large language model MOSS, described in one report as China's first ChatGPT-like open-source model. Co-founder and CEO Li Shimin was a 2022 direct master's-to-PhD student supervised by Qiu at Fudan. According to the company's website, roughly 50% of the team hold doctorates. OpenMOSS's site currently lists Shanghai Innovation Institute, Fudan's NLP lab and MOSI as participants.
After MOSS, the team's research moved from text toward speech and multimodality: SpeechGPT in 2023 explored discrete end-to-end speech interaction, and AnyGPT in 2024 went further in connec
AI-generated from 2 reports · updated 1 hour ago
Latest turnShanghai-based model startup MOSI has announced a Pre-A round of over 1 billion yuan, led by Huakong Fund with participation from Guokai Ventures, Shanghai Science and Technology Innovation Fund and others. The company says the money will go toward research on full-modality real-time interaction and global commercialization. MOSI was incubated by Fudan University professor Qiu Xipeng's OpenMOSS team, which released MOSS, described as China's first ChatGPT-like open-source model.
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Shanghai-based model startup MOSI has announced a Pre-A round of over 1 billion yuan, led by Huakong Fund with participation from Guokai Ventures, Shanghai Science and Technology Innovation Fund and others. The company says the money will go toward research on full-modality real-time interaction and global commercialization. MOSI was incubated by Fudan University professor Qiu Xipeng's OpenMOSS team, which released MOSS, described as China's first ChatGPT-like open-source model.
智东西AI score 56On October 12, Chinese startup Mosi Intelligence announced a Pre-A round of over RMB 1 billion, led by Huakong Fund with participation from Guokai Venture Capital, Shanghai Science and Technology Innovation Fund, Xuhui Capital and returning shareholders. Founded in November 2024 and incubated by Shanghai Innovation Institute and Fudan University's OpenMOSS team, the company traces back to MOSS, the open-source LLM released by founder Qiu Xipeng's team. The funding will go toward omni-modal real-time interaction research and global commercialization.
华尔街见闻AI score 61
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