Infinigence AI raises RMB 2.3B Series C, RMB 4.3B total

On October 12, 2026, Zhidongxi reported that Wuwen Xinqiong, an AI-native infrastructure company, has closed a Series C round of 2.3 billion yuan, bringing its cumulative funding to 4.3 billion yuan. According to the report, the round has been completed and settled, and both the single-round and cumulative amounts set new highs for China's AI Infra sector. The company is said to be preparing for an IPO. Founded in 2023 and spun out of Tsinghua University's Department of Electronic Engineering, Wuwen Xinqiong counts state-owned institutions, industrial investors, and market-oriented financial investors among its backers. The report also noted that valuations of overseas AI infrastructure companies are climbing quickly, citing Fireworks AI at $17.5 billion, Baseten at $13 billion, and Together AI at $8.3 billion, with Nvidia having invested in all three. It added that competition in the global AI industry is extending from compute and models toward Token production efficiency and application productivity, making it an important business to turn diverse compute into stable, efficient, and low-cost Token services. The verifiable status at present is that the funding has been settled and the company is preparing for an IPO.