Shanghai AI-Infra Firm Infinigence Closes RMB 2.3B ($344M) Series C With Tencent, Baidu and Lenovo

Shanghai-based Infinigence AI closed a RMB 2.3 billion (~$344M) Series C on October 12, taking cumulative funding past RMB 4.3 billion and setting a China AI-infrastructure fundraising record. The firm, founded in 2023, operates a software layer that stitches 37,000 petaflops across 16 Chinese and international chip types for mixed-chip training and inference. Backers include Tencent, Baidu, Lenovo, Sequoia China, Qiming and Shunwei; Infinigence confidentially filed for a Hong Kong IPO earlier in October targeting a first-half 2027 listing.