On July 13, Qujing Technology's Series A financing was unveiled, with heavy lead investment from the Huirong Fund of Henan Investment Group, while existing shareholders including Zhenxin Capital, Shangshi Capital, Xinglian Capital, Shanghai Guofang Innovation, Honghui Fund, Huakong Fund, and Hangzhou Fucheng continued to make over-subscribed additional investments. The team is composed of Tsinghua University faculty and students: founder and CEO Ai Zhiyuan, and CTO Chen Xianglin both graduated from the High Performance Computing Institute of Tsinghua University; Zheng Weimin, an academician of the Chinese Academy of Engineering, serves as the chief scientific advisor; Professor Wu Yongwei acts as the chief scientist; Associate Professor Zhang Mingxing serves as a co-initiator. Qujing Technology chose to start from the large language model inference track, building a high-quality AI Token factory. In just half a year, Qujing Technology has accumulated financing of over 10 billion yuan. A series of 100-billion and trillion-level high-quality AI Token factories that Qujing has participated in building have been completed one after another. Back in 2023, Professor Wu Yongwei and Ren Xuyang, founder of Zhenxin Capital, decided to jointly establish Qujing Technology. At the end of December of the same year, Qujing Technology was officially established.