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Cloud Service Provider UCloud Wins USD 100 Mln Series C Funding

Sina Tech, 4/09/15

Shanghai-based cloud service provider UCloud Information Technology has announced that it has secured USD 100 mln Series C funding from Legend Capital, VMS Legend Investment Fund, Doll Capital Management (DCM), Bertelsmann Asia Investments, and GX Capital. The funding will be used for technological research and development, with deep investments in systems software and big data. The company will also recruit top talent from across the globe.

UCloud previously completed Series A funding from DCM and Bertelsmann in November 2013, and Series B funding from Legend Capital, Bertelsmann, and DCM in June 2014.

Editor's Note: For more background on this topic, please see "UCloud Receives USD 50 Mln Series B Funding" MD 6/17/14 issue.

Keywords: cloud computing VC VMS Legend GX Capital hardware funding software Bertelsmann Doll Capital Management Legend Capital Ucloud big data third-round

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