Qujing Technology reveals Series A round, says funding topped 1 billion yuan in six months

Qujing Technology, an AI infrastructure startup founded by a Tsinghua University team, disclosed its Series A financing on July 13, with Huirong Fund under Henan Investment Group as lead investor and several existing backers increasing their stakes. According to the article, the company has raised more than 1 billion yuan in total over the past six months. The company focuses on large-model inference rather than model training, positioning itself as a builder and operator of what it calls high-quality AI Token factories. Its team includes founder and CEO Ai Zhiyuan and CTO Chen Xianglin, both from the Department of Computer Science at Tsinghua University, with academic figures including academician Zheng Weimin, professor Wu Yongwei, and associate professor Zhang Mingxing involved in technical roles. The report says Qujing has built its platform around technologies it describes as system-wide heterogeneous coordination, memory-for-compute substitution, and virtual-real isomorphism, while promoting a Token as a Service, or TaaS, model through its proprietary ATaaS platform. It also disclosed operating metrics, saying average AI Token output efficiency per computing unit has increased by more than three times since the 2026 Spring Festival, while total high-quality AI Token output has risen by more than 30 times.