Tencent led the $279m Series C round in Enflame.

Tencent led the $279m Series C round in Enflame, a Shanghai-based AI cloud computing startup. Additional investors include Yun He Capital, YTI Capital, CITIC Private Equity Funds Management, CICC Capital, Primavera Capital, Redpoint Ventures China, and SummitView Capital. “Traditional data centers are not directly related to AI, while now data centers are increasingly introducing AI acceleration platforms. We expect the penetration rate of AI technology to jump to 25% to 30% from the current 5%, with a very large market size in the future,” Zhao Lidong, Enflame CEO.