
Z.ai
Founded Year
2019Stage
Series E - V | AliveTotal Raised
$1.24BLast Raised
$139.51M | 3 mos agoRevenue
$0000Mosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+242 points in the past 30 days
About Z.ai
Z.ai is a technology company focused on artificial intelligence applications in areas like content creation and coding. The company provides AI tools that help users with generating presentations, writing content, and creating code through a conversational interface. Z.ai's solutions target students, marketers, developers, and researchers. It was founded in 2019 and is based in Beijing, China.
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Research containing Z.ai
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Z.ai in 7 CB Insights research briefs, most recently on Sep 5, 2025.

Sep 5, 2025 report
Book of Scouting Reports: The AI Agent Tech Stack

Nov 15, 2023 report
State of AI Q3’23 Report
Oct 12, 2023 report
State of Venture Q3’23 ReportExpert Collections containing Z.ai
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Z.ai is included in 3 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
1,287 items
Artificial Intelligence
12,998 items
Companies developing artificial intelligence solutions, including cross-industry applications, industry-specific products, and AI infrastructure solutions.
Generative AI
2,826 items
Companies working on generative AI applications and infrastructure.
Latest Z.ai News
Sep 15, 2025
北京复旦 微电子技术 有限公司 深圳市复旦微电子有限公司 上海复控华龙微系统技术有限公司(MCU/SoC) 上海复微迅捷数字技术有限公司(数字 IC设计 ) 上海华岭 集成电路 技术股份有限公司(IC测试) 吉姆西半导体科技(无锡)有限公司(IC设计+封测) 吉存半导体科技(上海)有限公司( 存储芯片 设计) 长沙楠菲微电子有限公司(网络 通信 芯片) 复旦微电子此次被列入实体清单,影响是多方面的,最主要的影响应该在两方面: 1、EDA工具受限后,研发受到阻碍; 2、 流片 代工受到影响。 有朋友问了一个有趣的问题,美国实体清单已经不是什么新鲜事了,寒武纪不也早被美国列入了实体清单了,今年不但扭亏为盈,营收大增,股价还一举超越了茅台,成为了股市中的“寒王”,美国实体清单是不是已经成了纸老虎? 话说当年美国祭出实体清单的大棒的时候,看上去确实非常可怕,但是随着这么多年这么多企业被上榜后,大家都硬扛下来,居然也都活过来甚至有的还活得更好了,证明实体清单的威力确实是越来越小了。 复旦微和寒武纪虽然都是上了实体清单,但是他们的待遇还是有些区别的,主要区别在于被标注了脚注4(Footnote 4),这个FN4意味着:不仅 先进制程 ,成熟制程同样被切断。 - 所有受EAR(出口管理条例)管辖的物项,包括美国原产技术、设备、软件,以及外国生产的含美技术产品,均需申请许可证,且审查政策为“推定拒绝”; - 脚注4(FN4)适用于所有外国生产的、包含美国技术的产品,无论制程节点是7nm还是180nm; - 只要代工方使用美系设备或EDA工具(如Applied Materials、Synopsys、Cadence),即受限制,无法为复旦微电子流片; - 成熟制程(如28nm、40nm、65nm)同样无法规避,因为全球几乎所有 晶圆厂 (包括 中芯国际 、 台积电 、联电、华虹)都依赖美系设备。 复旦微电子的清单级别更高,FN4 使其在任何含美技术节点上都被全球封杀,寒武纪仍可在部分去美化产线获得代工。 截至2025年9月,被美国商务部在“实体清单”中加注Footnote 4(FN4)的中国大陆 IC 设计公司(含其控股母公司及核心子公司)共 9 家/组,名单如下: 1. 上海复旦微电子集团股份有限公司(Fudan Microelectronics) - 2025-09-12 新增,FN4 首次应用于纯商用 FPGA/MCU 企业 。 2. 北京算能科技有限公司(Sophgo)及其 11 家子公司 - 2025-01-15 新增,FN4 覆盖其 AI 大模型 训推 TPU 产品线 。 3. 北京智谱华章科技有限公司(Zhipu AI)及其 10 家子公司 - 同批 2025-01-15 新增,FN4 针对其“智谱芯”AI 芯片设计业务 。 4. 壁仞科技(Biren)集团全部 7 家子公司 - 2023-10-17 新增,FN4 限制其 7 nm 通用 GPU BR100/BR104 在海外流片 。 5. 摩尔线程(Moore Threads)集团全部 3 家子公司 - 同批 2023-10-17 新增,FN4 切断其 MTT S3000/S4000 系列 GPU 海外代工 。 6. 超燃半导体(南京)有限公司 - 2023-10-17 新增,FN4 针对其高速 DSP + SerDes IP 产品 。 7. 光线云(杭州)科技有限公司 - 同批 2023-10-17 新增,FN4 限制其云原生 GPU 渲染芯片流片 。 8. 海光信息技术股份有限公司(Higon) - 2022-12-15 新增,FN4 应用于其 x86-GPGPU 高端 服务器 芯片 。 9. 长沙景嘉微电子股份有限公司(Jingjia Micro) - 2021-12-17 新增,FN4 针对其军用/民用 GPU 产品线 。 另外,我们熟知的 海思半导体 2019年5月首次被列入实体清单以来,目前没有被加注 Footnote 4(FN4),BIS 仅对海思适用“常规”FDPR(外国直接产品规则),并未触发 FN4 的“零美技术”长臂管辖。 即便情况不同,复旦微依然可以抄作业,有很多方法可以采纳,比如效仿海光信息(同样被FN4)的策略,具体的就不能展开了,核心是把“设计-制造-封测”全部迁移到国产可控链条,并叠加政策窗口+囤货+工艺降级三管齐下。海光信息今年的业绩也是杠杠的,似乎完全没有受到实体清单的影响。 对于上市公司来说,短期可能有点利空,但是坏消息也可以理解为好消息,考验管理层的智慧和执行力,供应链脱困战后,公司就能赢来真正的自由。 点赞 收藏 相关推荐
Z.ai Frequently Asked Questions (FAQ)
When was Z.ai founded?
Z.ai was founded in 2019.
Where is Z.ai's headquarters?
Z.ai's headquarters is located at No. 1, Zhongguancun East Road, Haidian District, Beijing.
What is Z.ai's latest funding round?
Z.ai's latest funding round is Series E - V.
How much did Z.ai raise?
Z.ai raised a total of $1.24B.
Who are the investors of Z.ai?
Investors of Z.ai include Pudong VC, Zhangjiang Innopark, Beijing AI Industry Investment Fund, Chengdu Hi-Tech Investment Group, Huafa Group and 34 more.
Who are Z.ai's competitors?
Competitors of Z.ai include Moonshot AI and 1 more.
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Compare Z.ai to Competitors

Recogni develops multimodal generative AI inference systems for the data center industry. The company's offerings include a logarithmic number system that improves AI model inference and a set of hardware and software solutions for computational processes related to generative AI. Recogni's technologies are designed for hyperscalers, cloud service providers, and enterprises that use AI. It was founded in 2017 and is based in San Jose, California.

MiniMax develops large language models and artificial intelligence applications across various domains. The company provides AI models for speech, text, image, video, and music generation, along with a platform for enterprises and developers to build and deploy AI applications. It operates in sectors including technology, entertainment, and creative industries. It was founded in 2021 and is based in Minhang District, China.

DeepSeek focuses on the development of artificial general intelligence (AGI) within the technology sector. The company offers a platform that facilitates application programming interface (API) calls for integrating AI (artificial intelligence) capabilities and a chat interface for exploring AGI applications. DeepSeek's products are designed to serve as efficient AI assistants for various user needs. It was founded in 2023 and is based in Hangzhou, China.
DataSpark AI specializes in automating complex tasks through its suite of artificial intelligence agents and models. The company offers a solution for building, running, and scaling AI applications, including a proprietary cognitive AI model named AGISpark and tools for automating financial, marketing, and management tasks. It primarily serves the technology sector. The company was founded in 2020 and is based in London, United Kingdom.

Fireworks AI specializes in generative artificial intelligence platform services, focusing on inference and model fine-tuning within the artificial intelligence sector. The company offers an inference engine for building production-ready AI systems and provides a serverless deployment model for generative AI applications. It serves AI startups, digital-native companies, and Fortune 500 enterprises with its AI services. It was founded in 2022 and is based in Redwood City, California.

Reflection AI focuses on developing autonomous systems within the artificial intelligence sector. Their main services involve research and development at the intersection of reinforcement learning and language models, with the goal of improving the capabilities of AI systems. The company primarily sells to the AI and machine learning research community. It was founded in 2024 and is based in Brooklyn, New York.
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