Infinigence Funding, Investors & Competitors

Infinigence has raised $588M across 4 funding rounds, most recently a $344M Series C in October 2026.

Last Infinigence funding round

$344M

Series C · Oct 2026

Cumulative funding Infinigence raised

$588M

across 4 funding rounds

Key investors in Infinigence

  • Legend Capital
  • Fortune Venture Capital
  • Shanghai Guotou Futeng Capital
  • Qiming Venture Partners
  • Lenovo Capital and Incubator Group (LCIG)
  • Angel Plus China
  • Shangshi Fund
  • Huiyuan Capital

Infinigence Overview

About Infinigence

Infinigence is a Beijing-based supplier of AGI computing chips optimized for large language models. Its tools compress models for deployment on domestic hardware. The company addresses energy efficiency in inference for cloud providers.


Founded

2023

HQ

ChinaBeijing

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Infinigence Funding History

Infinigence has raised a total of $588M across 4 funding rounds.

Infinigence's first fundraising round was a $71M Series A in September 2024. The most recent completed round was a $344M Series C in October 2026.

Infinigence funding rounds

Infinigence funding rounds
DateStageInvestorsRaisedDeal Summary
Oct 2026Series CJiukun Venture Capital; Tencent; Qiming Venture Partners; Zhuhai Science and Technology Industry Group; Technology & Innovation Fund; Fortune Venture Capital; Tongge Venture Capital; Monolith Management; Zhongbao Touzi; Shanghai Guotou Futeng Capital; Guangzhou Hi-Tech Zone Technology Holding Group Co.; Lenovo$344MInfinigence AI completed a RMB 2.3 billion Series C round, announced on 12 October 2026, which brings its cumulative financing since 2023 to RMB 4.3 billion. Reports describe a broad mix of state-owned, industrial and market investors, including Baidu, Tencent, Lenovo, Qiming Venture Partners and Shunwei Capital. The company's previous round was a Series A+ of nearly RMB 500 million in November 2025, led by Zhuhai Technology Group and Futeng Capital. Infinigence AI is an AI infrastructure provider founded in May 2023 by Tsinghua University professor Wang Yu, with operations in Beijing and Shanghai. Its software lets AI models run efficiently across different chip platforms, connecting 37,000 petaflops of computing capacity across 16 mainstream chip types and supporting mixed-chip training on Chinese and international processors. It also offers model inference services through a token-based platform and infrastructure for enterprise AI agents, with applications in gaming, healthcare, legal services and energy. The company said daily token usage on its model-service platform rose 40-fold between December 2025 and July 2026. Press reports say it has confidentially prepared a Hong Kong listing.
May 2026Undisclosed stageHangzhou Hi-Tech Investment Holdings Group (lead); Huiyuan Capital (lead); China Capital Management; Qinhuai Data; Guoxing Capital; Alibaba Entrepreneurs Fund; Yuanzhi Future; GF Qianhe Investment; Lihe Qingtong; Legend Capital; Colorlight; Shanghai Guotou Futeng Capital$103MWuwen Core Dome secured over 700 million yuan in financing, announced on May 7th. Enterprises such as Qinhuai Data and Kalet participated, indicating deep integration of infrastructure capabilities with AI infrastructure in the AGI Infra field. The financing represents the largest domestic round for a native AGI Infra player, highlighting growing enterprise involvement in AI infrastructure development. Wuwen Core Dome operates as a leading domestic player in the AGI Infra field.
Nov 2025Series AShanghai Guotou Futeng Capital (lead); Zhuhai Technology Group (lead); Shenwan Hongyuan; Shang Qi Capital; Huiyuan Capital; Highlight Capital; Lenovo Capital and Incubator Group (LCIG); Xuhui Science and Technology Investment; Angel Plus China; Fortune Venture Capital; Haitang Fund; Shangshi Fund; Legend Capital$71MInfinigence AI, an AI infrastructure provider founded in May 2023 by Tsinghua University professor Wang Yu, raised nearly 500 million yuan ($70.6 million) in a Series A+ funding round announced on November 28, 2025. The round was led by Zhuhai Technology Group and Shanghai Guotou Futeng Capital (Futeng Capital), with participation from existing backers including Lenovo Capital and Incubator Group (LCIG), Shenwan Hongyuan Group, and new investors such as Huiyuan Capital, Shangqi Capital, and Highlight Capital, matching the listed investors like Angel Plus China, Fortune Venture Capital, Haitang Fund, Legend Capital, Shangshi Fund, and Xuhui Science and Technology Investment. The company aggregates fragmented computing resources across 53 data centers in 26 Chinese cities to provide heterogeneous computing power for large model training and inference, serving major clients including Lenovo, Baichuan Intelligence, and China Mobile. This funding brings Infinigence AI's total funding to about 1.5 billion yuan, with prior backers like Baidu Ventures. Infinigence plans to use the proceeds to expand its heterogeneous computing platform, invest in R&D, and scale AI applications.
Sep 2024Series AAngel Plus China (lead); Legend Capital (lead); Qiming Venture Partners (lead); iSoftstone; Xiaomi; DT Capital Partners; CDB Technology Venture Capital; Lenovo Capital and Incubator Group (LCIG); Fortune Venture Capital; Lingang Science and Technology Venture Capital; Shangshi Fund; Senruo Yukun$71MInfinigence AI is a Shanghai-based AI infrastructure startup founded in May 2023 by Tsinghua University professor Wang Yu and former students Xia Lixue (CEO) and Dai Guohao, specializing in heterogeneous computing power for AI model training and inference. The company operates the Infini-AI platform, aggregating fragmented computing resources across data centers to reduce AI deployment costs by up to 99.99% through hardware-software optimization, positioning itself as a 'computing power operator' for the AI era. Clients include Zhipu AI, MoonShot, Shengshu AI, Baichuan Intelligence, Lenovo, and China Mobile. Sources describe a Series A round of nearly CNY 500 million (US$70.2 million) announced around September 3, 2024, led by Social Security Fund Zhongguancun Independent Innovation Investment Fund, Qiming Venture Partners, and Hongtai Aplus (also called Angel Plus China or Hongtai Aplus in reports), with participation from Lenovo Capital and Incubator Group (LCIG), Xiaomi, and others. Proceeds are earmarked for talent acquisition, R&D, product commercialization, and market expansion. prior rounds in May/November 2023 from Baidu, Zhipu AI, Sequoia China brought total funding to ~CNY 1 billion pre-Series A. A later Series A+ round of nearly CNY 500 million ($70.6 million) was announced November 28, 2025, led by Zhuhai Technology Group and Futeng Capital, with follow-on from Lenovo Capital, Junlian Capital, Shenwan Hongyuan, plus new investors like Huiyuan Capital and Shangqi Capital, pushing cumulative funding to ~1.5 billion yuan. The company claims rapid growth amid China's AI computing demand-supply mismatch.

Who has invested in Infinigence?

38 investors have backed Infinigence across its funding rounds, including Legend Capital, Fortune Venture Capital, Shanghai Guotou Futeng Capital, Qiming Venture Partners, Lenovo Capital and Incubator Group (LCIG) and Angel Plus China.

Lead investors include Hangzhou Hi-Tech Investment Holdings Group, Huiyuan Capital, Shanghai Guotou Futeng Capital, Zhuhai Technology Group, Angel Plus China and 2 other investors.


Infinigence Investors

Investors in Infinigence by funding rounds participated
InvestorHQRoundsRoleFirst check
Fortune Venture CapitalChinaShenzhen3ParticipantSep 2024
Legend CapitalChinaBeijing3LeadSep 2024
Shanghai Guotou Futeng CapitalChinaGuangzhou3LeadNov 2025
Huiyuan CapitalChinaChina2LeadNov 2025
Qiming Venture PartnersChinaShanghai2LeadSep 2024
Lenovo Capital and Incubator Group (LCIG)ChinaBeijing2ParticipantSep 2024
Angel Plus ChinaChinaBeijing2LeadSep 2024
Shangshi FundChinaBeijing2ParticipantSep 2024
iSoftstoneChinaBeijing1ParticipantSep 2024
China Capital ManagementChinaBeijing1ParticipantMay 2026
Qinhuai DataChinaChina1ParticipantMay 2026
Jiukun Venture CapitalChinaBeijing1ParticipantOct 2026
XiaomiChinaBeijing1ParticipantSep 2024

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Infinigence Competitors

Infinigence competitors include listed companies like SAP, Range Intelligent, Tempus AI and iFlytek, and private ones like Scale AI and Helsing.

Public and private companies comparable to Infinigence
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
SAPGermanyGermanyPublicly listed$41B$13B$273B6.1x
Scale AIUnited StatesSan Francisco, CAPrivate$2B-$29B14.5x
HelsingGermanyMunichPrivate$502M-$18B35.9x
Range IntelligentChinaChinaPublicly listed$851M$803M$14B14.9x
Tempus AIUnited StatesUnited StatesPublicly listed$1.3B($131M)$14B9.4x
iFlytekChinaChinaPublicly listed$4.1B$468M$14B3.4x

Infinigence Public Comps

Infinigence is still privately-owned, but its public comps include SAP, CrowdStrike, Salesforce, ServiceNow, Adobe, Moody's, Datadog, Workday, MongoDB and Range Intelligent.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
SAP$41B$13B6.6x6.1x20.9x19.0x
CrowdStrike$4.8B($12M)45.3x38.0x(17454.4x)127.1x
Salesforce$42B$13B5.0x4.6x15.9x10.8x
ServiceNow$13B$2.6B8.3x6.9x42.6x17.8x
Adobe$24B$9.3B4.0x3.6x10.2x7.4x
Moody's$7.7B$3.8B12.1x11.4x24.4x21.8x
Datadog$3.4B($588K)17.7x13.9x(103256.3x)53.1x
Workday$9.6B$1.2B4.9x4.5x40.7x13.5x

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Common questions about Infinigence

When was Infinigence founded?Infinigence was founded in 2023.
Where is Infinigence headquartered?Infinigence is headquartered in Beijing, China.
Is Infinigence publicly listed?No, Infinigence is a private, VC-backed company.
How much funding has Infinigence raised?Infinigence has raised $588M across 4 funding rounds.
What was Infinigence's last funding round?Infinigence's last funding round was a $344M Series C in October 2026.
Who are Infinigence's investors?Infinigence's investors include Fortune Venture Capital, Legend Capital, Shanghai Guotou Futeng Capital, Huiyuan Capital, Qiming Venture Partners, Lenovo Capital and Incubator Group (LCIG), Angel Plus China, Shangshi Fund, iSoftstone, China Capital Management and 28 others.
Which companies are comparable to Infinigence?Companies comparable to Infinigence include SAP, Scale AI, Helsing, Range Intelligent, Tempus AI and iFlytek.

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