Approaching.AI raises over RMB 1.3B in Series B
10/26/2026 — 10/26, 12:19·2 sources (all)·2 reports (all)·In the 2026-10-26 briefing
Key takeaways
- Approaching.AI, a Chinese provider of high-quality AI token serving, raised more than RMB 1.3 billion in a Series B round led by Zhecai Inno…
- the company says several core metrics grew more than tenfold in six months.
Background & analysis
On October 26, 2026, Beijing-based startup Approaching.AI was reported to have closed a Series B funding round of over CNY 1.3 billion (~$180 million). The company said this is its second large round within a short period, following a Series A completed in July 2026, bringing its total fundraising within the year to CNY 2.4 billion. The round was co-led by Zhe Cai Capital, Xiaoshan Capital, ICBC Investment, Zhongguancun Science City, Xinglian Capital, and Qianjiang Century City. Participants included Yunchuang Capital, Hunan Gaoxin Zongheng, Jian Tou Hua Ke, Shenwan Innovation Investment, CITIC Juxin, Zhuhai Science and Technology Industry Group, SenseTime, Wangsu Science & Technology, and others, with existing shareholder Shangshi Capital also participating. The company said several core operating metrics grew more than tenfold over the past six months.
The two reports on this event differ in one detail: one names the lead investor as "Zhe Cai Capital," while the other writes "Zhe Cai Innovation." All other names match, and the correct entity name could not be verified. The two reports are consistent on the use of proceeds, which the company says will be directed toward expanding high-quality AI Token production capacity, upgrading and iterating the ATaaS (Approaching.AI Token as a Service) platform, investing in inference infrastructure technology and new products, and strengthening commercial partnerships and delivery systems. Approaching.AI defines a "high-quality AI Token" as the smallest production unit connecting computing power, models, and application outcomes. Founded in Beijing in 2024, the company gave no further details on closing terms or next steps beyond this funding announcement.
AI-generated from 2 reports · updated 1 hour ago
Latest turnApproaching.AI, a Chinese provider of high-quality AI tokens, has raised more than RMB 1.3 billion in a Series B round, bringing its total 2026 funding to RMB 2.4 billion. The money goes toward token capacity, its ATaaS platform and inference infrastructure; the company claims several core operating metrics grew more than tenfold in half a year.
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Reports on this story headlines open the original
Approaching.AI, a Chinese provider of high-quality AI tokens, has raised more than RMB 1.3 billion in a Series B round, bringing its total 2026 funding to RMB 2.4 billion. The money goes toward token capacity, its ATaaS platform and inference infrastructure; the company claims several core operating metrics grew more than tenfold in half a year.
华尔街见闻AI score 54Beijing-based AI token provider Approaching.AI has raised more than RMB 1.3 billion in a Series B led by Zhecai Capital, Xiaoshan Capital, ICBC Investment and Zhongguancun Science City, bringing its total funding this year to RMB 2.4 billion, according to Zhi Dong Xi. The company says the money will go toward expanding high-quality AI token capacity, upgrading its ATaaS platform and developing inference infrastructure.
智东西AI score 54
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