DCM Leads $11M Round In Chinese Big Data Analysis Company Sensors Data

DCM Ventures has led a US$11 million series B round in Beijing-based Sensors Data, a big data analysis company, according to a company announcement.

Sequoia Capital China also participated in the round.

Sensors was founded in 2015 by Sang Wenfeng, former technology manager at Baidu Inc’s big data department. It currently provides big data analysis services for over 300 companies, including bike sharing company ofo, Chinese workout mobile app Keep, and video sharing and live streaming app Miaopai.

It previously raised an undisclosed angel round from Linear Venture, FutureCap, and well-known Chinese investor Charles Bi-chuen Xue in 2015. Last April, it completed a US$4 million series A round from Sequoia Capital China and existing investors.

The start-up plans to use the latest proceeds to invest in research and development, as well as expand it business to focus on the customers in the fields of financial banks, new retails and Internet of things.

Last week, Hejin online, a Beijing-based big data company focused on the insurance industry raised an undisclosed series B round. Earlier this month, Shumei Technology, a big data solution provider, received US$10 million from Shunwei Capital and Baidu Ventures.