Silicon-based Flow has completed the B+ round Phase II and C round financing, totaling nearly 2.9 billion yuan

The third-party AI inference infrastructure company, Silicon Flow, announced the completion of Phase II of its B+ round and C round financing. The company transforms computing power and models into directly callable Token services. By 2026, the cumulative equity financing amount has approached 2.9 billion yuan, and the amounts for these two rounds have not been disclosed.

Based on the Token annual throughput in 2025, Silicon Flow ranks fourth among all Token suppliers in China, with a market share of 1.5%. The top three, Volcano Engine, Alibaba Cloud, and Baidu Smart Cloud, account for 42.7%, 32.5%, and 11.8% respectively, totaling about 87%. This round of investors includes the China Internet Investment Fund, Guoxin Fund, China Mobile Chain Long Fund, China Orient Asset International, as well as YaoTu Capital, Shengyi Capital, and Cathay Venture Capital continuing to invest.

Silicon Flow's revenue in 2025 is projected to be 55.33 million yuan, with a net loss of 345 million yuan, and an overall gross margin of -24%. The company submitted its application to the Hong Kong Stock Exchange at the end of June and is currently applying for a main board listing under the 18C chapter "Uncommercialized Companies" rules. Beijing has just released the first provincial-level token economy special policy in the country, clearly proposing to build a "world-class token factory," and has listed inference engines, model and chip adaptation, and heterogeneous computing power as key directions.