A total of 4.3 billion! The largest AI Infra financing in China was born, Wuwen Xinqiong won 2.3 billion in the C round

Zhidongxi Author | Li Shuiqing Editor | Mo Ying Zhidongxi learned on October 12 that Wuwen Xinqiong, a leading domestic AI native infrastructure company, has recently completed Series C financing, with a financing amount of 2.3 billion yuan, and the cumulative financing amount has reached 4.3 billion yuan. Both the single round financing amount and the cumulative financing amount have reached a new high in the domestic AI Infra (artificial intelligence infrastructure) industry. It is understood that this round of financing has been completed and the company is preparing for an IPO. Since its establishment in 2023, this startup company, which was born out of the Department of Electronic Engineering of Tsinghua University, has come into the spotlight of the capital market. Behind the scenes, there are state-owned institutions, industrial investors, market-oriented financial investment institutions, etc. betting on the AI ​​infrastructure track. Looking overseas, the valuations of AI infrastructure companies are also rising rapidly. Fireworks AI’s latest valuation reached US$17.5 billion, Baseten reached US$13 billion, and Together AI reached US$8.3 billion. Nvidia’s investment in these three companies further highlights the importance that the computing industry chain attaches to AI infrastructure. At present, competition in the global AI industry is extending along computing power and models to Token production efficiency and application productivity. How to transform diverse computing power into stable, efficient, and low-cost Token services is becoming an important business. Behind the 2.3 billion yuan financing, what characteristics does capital fancy in domestic Token factories? Without asking about the competitiveness of Xinqiong, has it stepped on the market trend, or has it built deep enough technical barriers? Let’s find out. 1. Starting from the Department of Electronic Engineering of Tsinghua University and breaking through the hard nut of heterogeneous computing power. Many people know that many companies in the field of large-scale AI models in China were born out of Tsinghua University. Leading companies such as Zhipu, Dark Side of the Moon, and Shengshu Technology are all representatives of them. The establishment of Wuwen Xinqiong is also deeply rooted in the academic context of the Department of Electronic Engineering of Tsinghua University. The founder of the company, Wang Yu, is a tenured professor of the Department of Electronic Engineering at Tsinghua University, the then head of the department, and an IEEE Fellow; the co-founder and CEO, Xia Lixue, both graduated from Tsinghua University with his bachelor's and doctorate degrees.