Beijing Qujing Technology raised over CN¥1.3 billion (about $195 million) in a Series B round. The company operates the AI inference infrastructure brand Approaching.AI. Lead investors include Zhejiang Finance Capital, Xiaoshan Capital, ICBC Investment, Zhongguancun Science City, Xinglian Capital, and Qianjiang Century City.
Funding so far
The company completed a Pre-A round in May and a Series A round in July. Its total fundraising for 2026 reached about $330 million. Existing investor Shangshi Capital also increased its investment in the Series B.
Company and customers
The company serves large-model developers Zhipu and Moonshot AI. It focuses on computing resources needed to run trained AI models and generate responses. CEO Ai Zhiyuan leads the company.
Product and expansion
The company sells AI Token services through its ATaaS platform. It supports production-grade inference with low latency, high speed, and stable output. The new capital will go toward capacity expansion, platform upgrades, and research and development.
The company plans to build regional token facilities in Henan, Hangzhou, and Hainan. It will also work with partners such as SenseTime, Wangsu Science & Technology, and Moore Threads. The Hangzhou site is planned as a 10,000-card AI Token factory.