Infinigence AI Secures $102.9M Funding for China’s Token Economy

China’s Infinigence AI raised $102.9 million in fresh funding, pushing its total to $323.3 million. The Tsinghua-backed firm now leads AI-native infrastructure in China.

Infinigence AI has closed a new funding round worth over 700 million yuan, or roughly $102.9 million. The raise brings the company’s total disclosed funding to more than 2.2 billion yuan approximately $323.3 million. That figure makes it the best-funded AI-native infrastructure company in China.

The Shanghai-based startup was founded in May 2023. Tsinghua University professor Wang Yu co-founded the company alongside CEO Xia Lixue and Chief Scientist Dai Guohao, both of whom are Wang’s former students.

Gaoxin Jintou Holding Group and Grand Mount Capital led the investment. Furthermore, a broad group of backers joined the round. These include Guoxing Capital, Chindata Group, GF Qianhe Investment, China Insurance Investment, AEF NextGen, Tengrui Investment, Colorlight, and China Capital Management. Existing shareholders Legend Capital, Fortera Capital, and Yuanzhi Weilai also participated.

Infinigence AI plans to use the proceeds in several focused ways. First, it will scale up its multi-heterogeneous computing technology. Second, it will expand available computing capacity for the so-called Token economy era. Third, it intends to build AI infrastructure that can evolve on its own. Finally, it will develop solutions for multiple industry verticals.

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Infinigence AI describes itself as an AI-native infrastructure company. In other words, it builds full-stack technology designed around the needs of large AI models from the ground up. The company positions itself not just as a computing provider, but as a Token factory, a platform that produces AI processing output the way power plants produce electricity.

Zhang Shanshan, president of Grand Mount Capital, reinforced that vision after the announcement. He stated that AGI infrastructure holds strategic value comparable to what electricity and the internet brought to society in earlier eras.

The company’s latest numbers back up its ambitions. As of the end of April 2026, daily token call volume on its Agentic MaaS platform had grown more than 20 times compared to the end of 2025. Moreover, over 95% of that usage comes from AI agent applications, a sign of where enterprise demand is heading.

Infinigence AI’s technology also mixes Nvidia chips with domestic Chinese processors. Notably, the company keeps performance loss from that combination below 3%, according to its own disclosures. That approach gives it flexibility in a market where chip supply remains a strategic concern.

Since its founding, Infinigence AI has raised money at an accelerating pace. It closed a roughly $70.2 million Series A round in August 2024. Then, in November 2025, it raised a $69 million Series A+ round. The latest round now pushes cumulative funding well past the $300 million mark all within three years.

Disclaimer: This article is based on publicly available reporting and is intended for informational purposes only. Facts are accurate as of the date of publication.

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