RAGFlow

Private

ShanghaiAI, Data & Cloud Infrastructurehttps://ragflow.io/

Last Round

Series B

May 7, 2026

Total Funding Raised

$173.1M

Company Overview

RAGFlow is an artificial intelligence company that provides an open-source retrieval-augmented generation (RAG) engine designed for deep document understanding and enterprise-level data processing.

Sector

AI, Data & Cloud Infrastructure

Verticals

NLP & Conversational AI, ML Platforms, Document Management

Business Model

B2B

Customer Profile

Subscription SaaS, Freemium

AI Layer

Infrastructure

Keywords

retrieval-augmented generationRAGdocument understandingdocument parsingknowledge baseAI infrastructureopen-source RAGsemantic indexingOCRvector databaseLLM orchestrationenterprise searchAI agent toolsunstructured dataLLM stack

Historical Pricing

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RAGFlow Comps

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Company	Status	Est. Valuation	Rev Multiple
OpenAI	Private	$86.0B	~40x
Cohere	Private	$5.0B	--
Competitor 1	Public	$XX.XB	XXx
Competitor 2	Public	$XX.XB	XXx

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RAGFlow Funding Rounds

Historical fundraising activity

Round	Date	Amount Raised	Valuation	Investors	Sources
Series B	May 7, 2026
Series A	Sep 2, 2024
Angel	Nov 1, 2023
Seed	May 31, 2023

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RAGFlow Investors

Notable investors and investment history

Investor	Rounds
Tencent Exploration	Angel
GF Qianhe Investment	Series B
China Capital Management Co., Ltd.	Series B
Hongtai Capital Holdings	Series A
联想创投集团 (Lenovo Capital and Incubator Group)	Series A
ZhenFund	Angel
Northern Light Venture Capital	Seed

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RAGFlow Filings

SEC and related filings with document metadata.

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RAGFlow Filings

SEC and related filings with document metadata.

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Firmographic Details

HeadquartersShanghai

Employee Range10

Year Founded2023

Last FundingMay 7, 2026

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