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Big Data Firm Mininglamp Wins RMB 1 Bln Funding from Tencent, China Renaissance, 4/16/18

Beijing-based big data analysis solutions provider Mininglamp Software System recently announced the completed of RMB 1.0 bln in Series C funding in 2017 from China Renaissance New Economy Fund and Tencent's (0700.HK) Tencent Industrial Capital.

Mininglamp provides big data analysis services to provincial and city-level public security bureaus and counts Bank of Communications and The People's Bank of China among its clients. Mininglamp improves the public security industry's case clearance rate by 5-20%, improves risk detection efficiency 3,000 times in the financial industry, and provides industry with a malfunction diagnostic system with an accuracy rate of over 98%. Mininglamp had more than RMB 200 mln in operating revenue in 2017.

Mininglamp serves its clients through discrete projects at an average cost of RMB 7-digits.

Editor's Note: For more information on this topic, please see Big Data Solutions Provider Mininglamp Raises RMB 200 Mln Series B, MD 8/10/16 issue.

Keywords: China Renaissance Group VC M&A Internet funding Tencent Series C 0700.HK big data Tencent Industrial Capital Mininglamp New Economy Fund


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