Silicon Flow hoàn thành vòng tài trợ B+ giai đoạn II và vòng C, tổng cộng gần 2,9 tỷ nhân dân tệ

The Huoxing Finance report states that Silicon Flow, a third-party AI reasoning infrastructure company, has completed its B+ Round Phase II and Series C financing. The company transforms computing power and models into directly callable token services. The company’s cumulative equity financing as of 2026 has approached RMB 2.9 billion, though the specific amounts for these two rounds were not disclosed. Based on 2025 token throughput, Silicon Flow ranks fourth among all token providers in China, with a market share of 1.5%. The top three—Volcano Engine, Alibaba Cloud, and Baidu Intelligent Cloud—hold 42.7%, 32.5%, and 11.8% respectively, totaling approximately 87%. New investors in this round include China Internet Investment Fund, Guoxin Fund, China Mobile Chain Leader Fund, and China Orient Asset International, while Yao Tu Capital, Shengyi Capital, and Guotai Venture Capital continued to increase their investments. Silicon Flow’s revenue in 2025 was RMB 55.33 million, with a net loss of RMB 345 million and an overall gross margin of -24%. The company submitted its listing application to the Hong Kong Stock Exchange at the end of June and is currently applying for a main board listing under Rule 18C for “non-commercialized companies.” Beijing has just released the nation’s first provincial-level policy specifically targeting the token economy, explicitly aiming to build a “world-class token factory” and identifying reasoning engines, model-chip adaptation, and heterogeneous computing as key focus areas.