Magik Compute
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Magik Compute - overview
Established
2024
Location
Shanghai, -, China
Primary Industry
IT Infrastructure
About
Based in Shanghai, China and founded in 2024, Magik Compute Technology (Shanghai) Co. , Ltd. , trading under the name Magik Compute, provides artificial intelligence computing infrastructure. The company was founded by Chief Executive Officer Xu Lingjie and Chief Technology Officer Jin Chen as a subsidiary of Myriad Intelligence Limited.
It has introduced a “Token factory” model supported by compute clusters and system optimization capabilities. In May 2026, the firm closed a pre-series A funding round. The company provides token‑based computing services and AI model infrastructure platforms, supporting large‑scale model deployment and inference. It offers model application programming interfaces that support open source models such as DeepSeek, GLM, and MiniMax.
The platform features automated load balancing and multimodal capabilities, allowing clients to access artificial intelligence models with optimized inference costs. The company generates revenue through usage‑based pricing for token computing services across its AI infrastructure platform. The company plans to use the latest funding to accelerate the large scale layout of its token generation infrastructure and integrate further into the global supply chain for general artificial intelligence computing.
Current Investors
New Alliance Capital, Yunqi Partners, HKSTP Ventures
Primary Industry
IT Infrastructure
Sub Industries
Data Centers, IT Infrastructure
Website
www.magikcloud.cn/
Verticals
Artificial Intelligence, Cloud Computing, Cloud Computing
Company Stage
Early Stage
Total Amount Raised
Subscriber access only
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