硅基流动完成新一轮超20亿元融资 华兴资本担任独家财务顾问

This article covers the core announcement that Silicon Based Flow, a third-party Model-as-a-Service (MaaS) platform, has completed a Series B funding round exceeding RMB 2 billion, with co-investment from leading players across the AI industry chain. Key takeaways are as follows:

1. Core business and market performance: Silicon Based Flow focuses on the "Token Factory" business model. It currently processes trillions of Token calls daily, serves over 10 million users and 10,000 enterprises, and has achieved over 10x year-over-year revenue growth. Its overseas business generates millions of dollars in monthly revenue. Multiple third-party data sources rank it among the top tier of the industry in market influence, and it holds a leading position in global Token consumption volume.

2. Core value of the model: The Token Factory is the highest-certainty business opportunity in the AI era, serving as core infrastructure that all AI applications rely on — equivalent to electricity, water and gas in the intelligent age. IDC forecasts that China's Token consumption will grow 20-fold from 2025 to 2026, indicating imminent market demand explosion, and Silicon Based Flow has emerged as the front-runner in this track.

This article discloses the latest update of a leading player in the AI infrastructure space, with key takeaways for brands pursuing AI transformation summarized below:

1. Industry and consumer trends: AI has now entered the explosive growth phase of the Token economy, as digital and intelligent transformation across all industries accelerates and AI deployment becomes inevitable. China's Token consumption is projected to grow 20-fold by 2026, creating a large supply gap for upstream Token capacity. Cost and supply stability are the core pain points for brands rolling out AI applications.

2. Accessible resources and opportunities: Silicon Based Flow supports over 160 mainstream open-source models and all categories of domestic AI chips, and offers flexible MaaS solutions including public cloud and private deployment to meet the AI deployment needs of brands across different industries. Brands can leverage its capabilities to cut AI transformation costs, eliminating the need to build underlying infrastructure from scratch.

3. Brand ecosystem collaboration opportunities: Backed by investors across the full AI industry chain, Silicon Based Flow can connect end-to-end resources across power, computing power, models and applications. It can help brands access more ecosystem resources to accelerate the commercial deployment of AI.

Below are key opportunity takeaways and insights for sellers developing AI-related businesses:

1. Clear track growth opportunities: The Token economy is currently the highest-certainty business opportunity in the AI sector. China's Token consumption is projected to grow 20-fold between 2025 and 2026, bringing a massive imminent surge in market demand. There is currently a severe shortage of high-quality Token supply, leaving enormous untapped opportunities in this track.

2. A proven mature business model for reference: As the foundational layer for all AI applications, the Token Factory has a clear business model. Founded less than three years ago, Silicon Based Flow has achieved over 10x revenue growth and rapidly scaled its overseas business, validating the commercial viability of the model. Sellers can follow this path to enter the track.

3. Risk and opportunity insights: The core risks for AI deployment currently stem from unstable underlying Token supply and excessively high costs. Sellers building upper-layer AI applications can partner with established third-party MaaS platforms to avoid underlying supply chain risks, reduce deployment costs via ecosystem resources, and capture the dividends of the AI boom.

Below are key insights for manufacturing factories on digital transformation and business opportunity tapping:

1. Demand reference for AI-enabled production transformation: As AI-enabled production and digital-intelligent transformation advance across all industries, there is massive demand for low-cost, compliant underlying AI capabilities. Silicon Based Flow offers privately deployed Token Factories that meet the strict data compliance requirements of state-owned enterprises and manufacturing firms, helping factories deploy AI at low cost.

2. Commercial opportunities for idle resources: Factories that have built intelligent computing centers or hold idle computing power can leverage Silicon Based Flow's solutions to convert raw computing power into a standardized Token Factory with one click. This solves pain points including difficult adaptation for heterogeneous computing, low utilization rates and poor return on assets, maximizing the commercial value of computing assets.

3. Insights for digital transformation: Factories do not need to invest in developing underlying AI infrastructure from scratch to advance AI transformation. They can leverage the capabilities of mature third-party MaaS platforms to lower technical barriers and capital expenditure, and quickly integrate AI into production, management, sales and other core business links.

Below are key industry insights for AI-related service providers:

1. Industry development trends: The AI industry has now reached a historic inflection point for the explosion of the Token economy. As core infrastructure for the intelligent age, equivalent to utilities in the traditional economy, the Token Factory has enormous market potential. Its business model also carries far more certainty than unproven upper-layer AI applications, making it a high-potential track for AI service providers to enter.

2. Core customer pain points in the industry: The core barrier to large-scale AI deployment across industries is structural computing power shortage, fragmentation and low utilization, which leads to a severe shortage of high-quality Token supply and drives up Token costs, holding back AI adoption. Service providers that solve this pain point will unlock massive market opportunities.

3. Reference for proven deployable solutions: Service providers can follow Silicon Based Flow's path: conduct atomic-level engineering optimization via self-developed inference engines to maximize computing power efficiency, then build a heterogeneous computing power management and scheduling system to unify the scheduling of diverse heterogeneous computing power and improve utilization, and quickly adapt to all mainstream models. This delivers a deployable solution that meets industry demand.

Below are key takeaways for AI-related platform players:

1. Core industry demand for platforms: Massive, cost-effective and stable Token supply demand is about to explode across all industries, and existing supply cannot close the market gap. This creates a major development opportunity for AI infrastructure platforms, and布局 the Token Factory track aligns with broader industry development trends.

2. A reference for clear, replicable platform growth paths: Silicon Based Flow's growth path is replicable: start by developing a large model inference engine to build a solid technical foundation, then launch public cloud MaaS and private MaaS sequentially to cover the needs of different customer segments, then roll out an elastic computing scheduling engine to improve user experience, while partnering with capital and ecosystem players across the industry chain to achieve rapid growth.

3. Risk mitigation guidance: To布局 this track, platforms need to resolve core technical challenges including multi-chip adaptation and heterogeneous computing scheduling in advance. They must also offer both public cloud services and private deployment capabilities to meet the data compliance requirements of different customers, solve pain points including fragmented computing power and low utilization, and mitigate technical and market risks.

Below are the latest industry insights for AI industry researchers:

1. Latest industry developments: The AI industry has reached a historic inflection point and entered the full-scale outbreak phase of the Token economy. As the certain foundational layer of the AI industry, the Token Factory has become a hot track for布局 across the full industry chain. Leading startup Silicon Based Flow has secured co-investment from top industry players across energy, chips, computing power and large models. It has achieved extremely fast commercial growth and is now ranked among the world's leading third-party MaaS platforms.

2. New emerging industry problems: The current development of the AI industry has exposed multiple new problems, including structural computing power shortage, fragmentation, low utilization, severe shortage of high-quality Token supply, and elevated Token costs that constrain large-scale AI deployment. All of these are worthy of in-depth research.

3. Research value of the innovative business model: The Token Factory is an innovative business model born from the division of labor in the AI industry. It packages computing power, algorithms and system capabilities into standardized Tokens for output as core infrastructure of the intelligent age. With a clear business model and validated commercial viability, it opens up a new direction for specialized division of labor in the AI industry and carries high research value.