Chinese AI Infra Firm Infinigence AI Raises 2.3 Billion Yuan in Series C Round

According to Securities Times, AI infrastructure firm Infinigence AI has raised 2.3 billion yuan in a Series C round. Its total funding has hit 4.3 billion yuan, a record for China's AI native infrastructure sector. The company was founded in 2023 and incubated by Tsinghua University and Shanghai Jiao Tong University. Bloomberg reports it has secretly filed for an IPO in Hong Kong, aiming to raise hundreds of millions of dollars and list by mid-2027 at the earliest. Unlike chip makers or large model firms, Infinigence AI focuses on scheduling mixed computing power and optimizing hardware and software. Its computing hub reaches 37,000P of power across 16 mainstream chips, mixing Chinese and foreign chips with utilization up to 97.6%. It works with top model firms like Zhipu and Moonshot AI. Investors include Tencent, Baidu, Xiaomi and Sequoia China. Its platform helped cut AI inference costs by about 10 times over the past year.