Big round · 29 October 2026

Approaching.AI raises $193M Series B led by ICBC Investment

Approaching.AI, based in China, has raised $193M in a Series B led by ICBC Investment, Zhecai Innovation and Xiaoshan Capital, announced on 29 October 2026. 14 other investors joined. It is the 295th largest equity round we recorded in the twelve months to that date, and the 43rd largest Series B of 423. The median Series B over the same period was $50M, so this one is 3.9 times that.

Raised$193M2 sources reported it
StageSeries Bfirst round on record
Investors206 named as lead
Where CNChina

AICloudConstruction

How big is it?

Against every equity round we recorded in the twelve months to 29 October 2026. Ranks count companies, so the same raise reported twice is counted once.

#295equity round of the last twelve months
#43Series B of 423 in that time
#11round in China, of 39
This round$193M
Median Series B$50M

3.9 times the median Series B of the last twelve months.

Who invested

Also in the round

Funding history

  1. October 2026Series B$193M

This is the first round we hold for the company.

Reported by

  1. Wowtale28 October
  2. wowtale.net28 October

The round's figures come from these reports; each link opens the original.

Other big rounds that week