SiliconFlow Raises Nearly 2.9 Billion Yuan Across B+ and C Funding Rounds

AI inference infrastructure firm SiliconFlow (硅基流动) has completed its B+ round (second phase) and Series C funding, bringing its total equity financing in 2026 to nearly 2.9 billion yuan. The company, which provides token-based AI services, ranked fourth among Chinese token providers in 2025 with a 1.5% market share, trailing Volcengine, Alibaba Cloud, and Baidu Smart Cloud. Investors include the China Internet Investment Fund, China Reform Fund, and China Mobile Chain Fund. SiliconFlow reported 2025 revenue of 55.33 million yuan with a net loss of 345 million yuan and has filed for a Hong Kong IPO under the Chapter 18C rules for pre-commercial companies.