Sequoia Capital, Yunfeng Invest RMB 150 Mln in IT Services Provider Yunxi
iYiou, 9/19/18
Hangzhou-based digital transformation solutions and products provider Yunxi Technology recently announced completion of RMB 150 mln in Series A+ funding led by Sequoia Capital China with participation by Series A investor Yunfeng Capital.
Yunxi Technology has already developed a complete product line and serves more than 30 enterprises including well-known brands such as Proctor & Gamble and Maotai. Total platform transaction volume reached more than RMB 100 bln in 2018. Yunxi employs a team of nearly 500 staff, of whom 89% are engineers.
Editor's Note: Established in 2016, Yunxi Technology has developed a variety of digital transformation solutions and products including the Yunxi cloud services PaaS platform, multi-channel marketing, sales intelligence, and Internet of Things products based on resources within the Alibaba ecosystem and cloud computing, big data and AI technologies. The company provides digital transformation services to large-size enterprises in China and abroad in areas including the automotive, real estate, fast-moving consumer goods, agriculture, and consumer electronics domains. For more information on this topic, please see Update: IT Services Provider Yunxi Confirms RMB 100 Mln Series A from Yunfeng, MD 3/29/18 issue.
Keywords: VC Internet funding cloud computing Series A IT services Sequoia Capital Yunfeng Capital Yunxi Technology IoT Platform as a Service
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