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Cloud Service Provider UCloud Raises RMB 960 Mln Series D

NetEase Tech, 3/29/17

Shanghai-based cloud service provider UCloud Information Technology has won RMB 960 mln in Series D funding from Oriza Holdings and CICC Alpha Investment Fund Management. The funding will primarily be used to recruit high-end research staff, build global infrastructure, and strengthen the company's position in artificial intelligence, according to UCloud CEO Li Xinhua.

UCloud also announced an all new solution called "UCloud Yun Han," which includes global solutions, AI solutions, security solutions, and big data computing solutions for public, private, and hybrid clouds, as well as specialty clouds for interactive video and finance.

UCloud's platform makes use of 17 large data centers distributed across China, Asia-Pacific, North America, and Europe, as well as 11 domestic offline service stations. UCloud provides services to more than 50,000 companies and individuals, dealing with diverse industries, such as retail, manufacturing, finance, gaming, and e-commerce.

UCloud was founded in 2012 and previously won USD 8-digit Series A funding from Bertelsmann Asia Investments and DCM in 2013, USD 50 mln Series B funding from Legend Capital in 2014, and USD 100 mln Series C funding in 2015. UCloud dissolved its VIE structure in 2016.

Editor's Note: For more information on this topic, please see "Cloud Service Provider UCloud Wins USD 100 Mln Series C Funding," MD 4/09/15 issue.

Keywords: cloud computing VC Internet funding Series D CICC Alpha Investment Li Xinhua Ucloud Oriza

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