AI infrastructure firm SiliconFlow raises nearly 2.9 billion yuan in 2026 funding rounds
Beijing-based AI infrastructure company SiliconFlow completed Series B+ Phase 2 and Series C financing, bringing total 2026 funding to nearly 2.9 billion yuan ($400 million). Investors include state-backed funds like China Internet Investment Fund and China Mobile Chain Fund. The company filed for a Hong Kong IPO in June 2026. SiliconFlow operates a "token factory" model, supporting over 170 AI models and 10 chip types, and reported 2025 revenue of 55.33 million yuan with an adjusted net loss of 187 million yuan.
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China's Largest Independent Token Factory Raises Nearly 2.9 Billion Yuan in 2026
SiliconFlow (SiliconFlow), China's largest independent Token supplier by 2025 throughput, has completed B+ round second tranche and C round financing, raising nearly 2.9 billion yuan cumulatively in 2026. The funding, disclosed after its June 30 Hong Kong IPO filing, involves over 20 investors including state-backed funds (China Internet Investment Fund, China Reform Fund, China Mobile Chain Fund) and industrial capital. The company's capital structure has shifted from pure market-driven VC to strategic state capital. SiliconFlow operates a 'Token factory' model, supporting over 170 AI models and 10 chip types. Revenue grew 6.5 times to 55.33 million yuan in 2025, but adjusted net losses widened to 187 million yuan due to falling Token prices and high R&D spending (66.5% of operating expenses). The funds will be used for inference engine R&D, heterogeneous computing scheduling, model-chip adaptation, Token platform expansion, and global market entry. The company aims to meet commercialization revenue standards by end-2026.
Read sourceSiliconFlow Secures Two New Funding Rounds After HKEX Filing, State Capital Enters
Chinese AI infrastructure company SiliconFlow (SiliconFlow) has completed B+ round second tranche and C round financing after filing for a Hong Kong IPO on June 30, 2026, according to a report by 21st Century Business Herald. The company has raised nearly 2.9 billion yuan cumulatively since 2026. The new rounds attracted over 20 investors, predominantly national funds, central and local state-owned capital, and regional tech platforms, marking a shift from earlier venture capital and internet industry backers like Alibaba and Huawei. The company's prospectus shows revenue grew from 7.3 million yuan in 2024 to 55.3 million yuan in 2025, but adjusted net losses widened to 187 million yuan in 2025 from 54 million yuan in 2024. A 700 million yuan discrepancy between a previously announced B-round figure and the prospectus was attributed by an insider to a pending tranche not yet eligible for disclosure under accounting rules. Funds will be used for inference engine, heterogeneous computing scheduling, model-chip adaptation R&D, token supply platform expansion, and global market expansion.
Read sourceSiliconFlow Raises Two More Rounds After HKEX Filing, State Capital Enters
Chinese AI infrastructure startup SiliconFlow (SiliconFlow) has completed B+ round second tranche and C round financing after filing for a Hong Kong IPO on June 30, 2026, according to a report by 21st Century Business Herald. The company has raised nearly 2.9 billion yuan cumulatively since 2026. The new rounds saw a shift in investor composition, with national funds, central and local state-owned enterprises, and regional tech platforms becoming the main investors, contrasting with earlier rounds dominated by market VCs and internet/capital firms like Alibaba, Huawei, and Meituan. Investors include China Internet Investment Fund, China Reform Fund, and China Mobile Chain Fund. The funds will be used for core R&D in inference engines, heterogeneous computing scheduling, and model-chip adaptation, as well as Token supply platform construction and global expansion. SiliconFlow, which operates a 'Token factory' model, reported 2025 revenue of 55.33 million yuan (up 6.5x from 2024) but an adjusted net loss of 187 million yuan. The company is classified as an uncommercialized specialist tech company under HKEX Chapter 18C and expects to meet commercialization revenue standards by end of 2026.
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SiliconFlow Raises Nearly 2.9 Billion Yuan in 2026, Becomes China's Largest Independent Token Supplier
SiliconFlow (SiliconFlow), a Chinese AI infrastructure company, has completed its B+ round (second tranche) and C round of financing, bringing its total cumulative fundraising in 2026 to nearly 2.9 billion yuan (approximately $400 million). The investment syndicate includes prominent state-backed funds such as China Internet Investment Fund, China Reform Fund, China Mobile Chain Fund, and China Orient Asset Management International, alongside industrial capital and private equity firms. According to Frost & Sullivan, SiliconFlow was China's largest independent ecosystem Token supplier by annual Token throughput in 2025, ranking among the top five Token suppliers overall. As of April 30, 2026, its MaaS platform had over 10 million registered users and served over 13,000 enterprise clients by June 21, 2026, supporting more than 170 mainstream AI models and adapting to over 10 chip types from NVIDIA, Huawei, Moore Threads, and others. The company plans to use the new funds to enhance R&D in inference engines, heterogeneous computing scheduling, and model-chip adaptation, as well as to accelerate global expansion. CEO Yuan Jinhui stated the company will maintain its independent, open platform strategy to provide stable, cost-efficient Token services and accelerate the development of open AI infrastructure.
Read sourceAI Infrastructure Firm SiliconFlow Raises Nearly 2.9 Billion Yuan in Two Funding Rounds
On September 20, AI infrastructure company SiliconFlow announced the completion of its second phase of Series B+ and Series C funding rounds, bringing its total equity financing for 2026 to nearly 2.9 billion yuan. Investors in this round include the China Internet Investment Fund, Guoxin Fund, China Mobile Chain Leader Fund, and China Orient Asset International, among others. Existing shareholders such as Yotta Capital, Shengyi Capital, and Cathay Venture Capital Group also participated. SiliconFlow stated that the funds will be primarily used for core technology research and development in inference engines, heterogeneous computing power scheduling, and model-chip adaptation. The company also plans to strengthen its Token supply platform construction and accelerate global market expansion, aiming to further enhance Token production efficiency and scalable service capabilities in multi-model and multi-chip environments.
AI Infrastructure Firm SiliconFlow Raises Nearly 2.9 Billion Yuan in 2026 Funding
On September 20, AI infrastructure company SiliconFlow announced the completion of its second phase of Series B+ and Series C funding rounds, bringing its total equity financing in 2026 to nearly RMB 2.9 billion. Investors in this round include China Internet Investment Fund, Guoxin Fund, China Mobile Chain Leader Fund, and China Orient Asset International, among others. Existing shareholders such as Glory Ventures, Shengyi Capital, and Cathay Venture Capital Group also participated with additional investments. According to the company, the funds raised will be primarily allocated to core technology research and development, including inference engines, heterogeneous computing power scheduling, and model-chip adaptation. SiliconFlow also plans to strengthen its Token supply platform construction and accelerate global market expansion, aiming to enhance Token production efficiency and scalable service capabilities in multi-model and multi-chip environments. The report was sourced from Xinhua Finance.
Read sourceAI Firm SiliconFlow Raises 2.9B Yuan in 2026 Ahead of Hong Kong IPO
SiliconFlow, an AI infrastructure service provider, has completed Series B+ Phase 2 and Series C funding rounds, bringing its total 2026 fundraising to nearly 2.9 billion yuan ($400 million). The company, founded in August 2023, offers a one-stop large model cloud service platform. Investors in the latest rounds include China Internet Investment Fund, China Mobile's chain fund, and others. According to Frost & Sullivan, SiliconFlow was China's largest independent token supplier by throughput in 2025, holding a 1.5% market share behind ByteDance's Volcano Engine (42.7%), Alibaba Cloud (32.5%), and Baidu AI Cloud (11.8%). The company filed for a Hong Kong IPO in June under Chapter 18C for pre-commercialization companies, meeting the 80 billion HKD market cap threshold through rapid valuation growth. SiliconFlow reported revenues of 10,000 yuan (2023), 7.35 million yuan (2024), and 55.33 million yuan (2025), with net losses of 12.22 million yuan, 81.92 million yuan, and 345 million yuan respectively. The company expects to meet commercialization revenue requirements by end of 2026 but warned it may continue recording losses.
Read sourceAI Firm SiliconFlow Raises $400M in Series B+ and C, Files for Hong Kong IPO
SiliconFlow (硅基流动), a Chinese AI infrastructure company founded in August 2023, has completed Series B+ Phase 2 and Series C funding rounds, bringing its total equity financing for 2026 to nearly 2.9 billion yuan ($400 million). The company filed for a Hong Kong IPO in July 2026, positioning itself as the 'first AI Token factory stock'. SiliconFlow describes itself as an 'independent ecosystem token supply platform' that connects upstream computing power, midstream models, and downstream applications without being tied to any single cloud, chip, or model vendor. Its platform supports 170 models including DeepSeek, GLM, Kimi, and MiniMax, and claims global top-one cross-chip and multi-model adaptation capabilities, supporting Nvidia, AMD, and domestic chips like Huawei Ascend, Muxi, and Moore Threads. Investors include China Internet Investment Fund, China Reform Fund, China Mobile Chain Fund, and others. Proceeds will fund R&D in inference engines, heterogeneous computing scheduling, and model-chip adaptation, as well as global expansion.
Read sourceChina's Largest Independent Token Factory SiliconFlow Raises 2.9 Billion Yuan in 2026
SiliconFlow, an AI infrastructure company described as China's largest independent token supplier, announced on September 20 that it has completed B+ round phase two and C round financing. Investors include China Internet Investment Fund, China Reform Fund, and China Mobile Chain Fund. This brings the company's total cumulative financing in 2026 to nearly 2.9 billion yuan (approximately 29 billion yuan). The funds will be used for core technology R&D in inference engines, heterogeneous computing scheduling, and model-chip adaptation, as well as to strengthen its token supply platform and accelerate global expansion. Since March 2024, SiliconFlow has completed eight pre-IPO funding rounds. On June 30, it filed for a Hong Kong IPO under Chapter 18C for special technology companies, with Huatai International and Haitong International as joint sponsors. Founded in August 2023 and headquartered in Beijing, the company operates a 'token factory' model. As of April 30, 2026, its MaaS platform had over 10 million registered users and served over 13,000 enterprise clients, supporting over 170 AI models and adapting to more than 10 chip types from NVIDIA, Huawei Ascend, and others.
Read sourceAI Infrastructure Firm SiliconFlow Raises Nearly 2.9 Billion Yuan in B+ and C Funding Rounds
AI infrastructure company SiliconFlow (SiliconFlow) announced it has completed its B+ round phase 2 and C round financing, bringing total funding in 2026 to nearly 2.9 billion yuan. Investors include the China Internet Investment Fund, China Reform Fund, China Mobile Chain Fund, China Orient Asset Management International, and numerous other state-backed and industrial funds, with existing investors耀途资本, 盛奕资本, and 国泰创投集团 also participating. According to Frost & Sullivan, by 2025 token throughput, SiliconFlow is China's largest independent ecosystem token supplier and ranks among the top five token suppliers overall. As of April 30, 2026, the platform had over 10 million registered users, and by June 21, 2026, it had served over 13,000 enterprise clients, supporting more than 170 mainstream AI models and adapting to over 10 chip types including NVIDIA, Huawei Ascend, and others. The company's 'Token Factory' model, focused on standardized, large-scale token production and supply, has gained market validation. CEO Yuan Jinhui stated the funds will be used for core technology R&D in inference engines, heterogeneous computing scheduling, and model-chip adaptation, as well as to accelerate global market expansion. Investors expressed confidence in SiliconFlow's role in building independent, secure AI infrastructure and advancing the AI industry.
Read sourceAI Infrastructure Firm SiliconFlow Raises Nearly 2.9 Billion Yuan in 2026 Funding Rounds
Beijing-based AI infrastructure company SiliconFlow (SiliconFlow) announced on September 20 that it has completed Series B+ Phase 2 and Series C financing, bringing its total cumulative funding in 2026 to nearly 2.9 billion yuan (approximately $400 million). Investors in the latest rounds include the China Internet Investment Fund, China Reform Fund Management Co., China Mobile Chain Fund, China Orient Asset Management International, and strategic participation from Tianchuang Capital with Shandong Railway Investment and Shandong Railway Fund. Existing investors Yao Capital, Shengyi Capital, and Guotai Venture Capital Group also added investments. In early July, SiliconFlow submitted a listing application to the Hong Kong Stock Exchange. According to its prospectus, the company reported revenues of 7.35 million yuan in 2024 and 55.33 million yuan in 2025, a year-on-year increase of 653%. However, net losses widened from 81.92 million yuan in 2024 to 345 million yuan in 2025, with adjusted net losses of 54.01 million yuan and 187 million yuan, respectively.
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