The company says it will use the proceeds on technology development, hiring new talents, marketing, and expanding into international markets.
Founded in 2011, UCloud received US$10 million series A financing from DCM and Bertelsmann Asia Investments in November 2013.
In June 2014, it received US$50 million series B funding led by Bertelsmann Asia Investments and Legend Capital.
UCloud primarily provides infrastructure as a service (IAAS) packages to Internet companies, including cloud server, storage, data, CDN (content delivery network) and other types of cloud computing solutions.
UCloud’s customer base consists mainly of companies specializing in gaming, mobile apps, and e-commerce.