# 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.

Source: https://millionrounds.com/news/rounds/approaching-ai-series-b-2026-10 (Millionrounds; every figure on the page links to its filing or article)

Raised **$193M** 2 sources reported it

Stage **Series B** first round on record

Investors **20** 6 named as lead

Where **CN** China

AI Cloud Construction

## 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.

**#295** equity round of the last twelve months

**#43** Series B of 423 in that time

**#11** round 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

- [**ICBC Investment** 2 rounds in the last twelve months *Led*](https://millionrounds.com/fund/icbc-investment)
- [**Zhecai Innovation** 1 round in the last twelve months *Led*](https://millionrounds.com/fund/zhecai-innovation)
- [**Xiaoshan Capital** 1 round in the last twelve months *Led*](https://millionrounds.com/fund/xiaoshan-capital)
- [**Zhongguancun Science City** 1 round in the last twelve months *Led*](https://millionrounds.com/fund/zhongguancun-science-city)
- [**StarLink Capital** 1 round in the last twelve months *Led*](https://millionrounds.com/fund/starlink-capital)
- [**Qianjiang Century City** 1 round in the last twelve months *Led*](https://millionrounds.com/fund/qianjiang-century-city)

Also in the round

- [Shanshi Capital](https://millionrounds.com/fund/shanshi-capital)
- [SenseTime](https://millionrounds.com/fund/sensetime)
- [Citic Juxin](https://millionrounds.com/fund/citic-juxin)
- [Wangsu Science & Technology](https://millionrounds.com/fund/wangsu-science-and-technology)
- [Xiaoka Capital](https://millionrounds.com/fund/xiaoka-capital)
- [Yunchuang Capital](https://millionrounds.com/fund/yunchuang-capital)
- [Hunan Gaoxin Zongheng](https://millionrounds.com/fund/hunan-gaoxin-zongheng)
- [Jiantou Huake](https://millionrounds.com/fund/jiantou-huake)
- [Shenwan Innovation Investment](https://millionrounds.com/fund/shenwan-innovation-investment)
- [Zhuhai Science and Technology Industry Group](https://millionrounds.com/fund/zhuhai-science-and-technology-industry-group)
- [Gansu Shuzhi](https://millionrounds.com/fund/gansu-shuzhi)
- [Changzhou Financial Control](https://millionrounds.com/fund/changzhou-financial-control)
- [Yuanzhi Future](https://millionrounds.com/fund/yuanzhi-future)
- [Qingzheng Xingzhu](https://millionrounds.com/fund/qingzheng-xingzhu)

## Funding history

- October 2026 Series B **$193M**

This is the first round we hold for the company.

## Reported by

- Wowtale 28 October
- wowtale.net 28 October

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

## Other big rounds that week

[**Fractile** $700M Series C](https://millionrounds.com/news/rounds/fractile-series-c-2026-10)[**Serval** $150M Series C](https://millionrounds.com/news/rounds/serval-series-c-2026-10)[**Cohere** $5.0B Series E](https://millionrounds.com/news/rounds/cohere-series-e-2026-10)[U **Upwind** $400M Series C](https://millionrounds.com/news/rounds/upwind-series-c-2026-10)[**Group14 Technologies** $169M Series D](https://millionrounds.com/news/rounds/group14-technologies-series-d-2026-10)[D **Dulo** $130M Seed](https://millionrounds.com/news/rounds/dulo-seed-round-2026-10)

[The company **Approaching.AI on Millionrounds** *→*](https://millionrounds.com/company/approaching-ai)[Weekly roundup **Week of 26 October** *→*](https://millionrounds.com/news/weekly/2026-10-26)[Monthly roundup **October 2026** *→*](https://millionrounds.com/news/monthly/2026-10)

**How this article is made**

We write one for every equity round of $100M or more that at least two sources reported. It is put together from our record of rounds, not rewritten from the reports: the ranks and medians count every equity round we read in the twelve months to the round's date. [How we read rounds](https://millionrounds.com/methodology) · [Report a mistake](https://millionrounds.com/corrections)