Eight Roads Leads Series B Round In Chinese cloud solution provider ForceClouds

ForceClouds, a Chinese cloud solution provider targeting the field of life sciences, has raised around US$10 million in a series B round of financing led by venture capital firm Eight Roads.

Oriental Fortune Capital and Blue Lake Capital also participated in this round.

Proceeds of this round will be used to increase investment in product research and development, said the company president Hu Junping.

Founded in 2012, ForceClouds uses cloud computing, big data and artificial intelligence technology to provide information automation cloud management solution for companies, hospital and other clinical related institutions in the field of pharmaceutical, medical device, animal health, crop science, and nutrition and health industry.

The company has provided services to nearly one hundred companies, including large multinational pharmaceutical machinery companies such as AstraZeneca, Bayer, Wyeth Nutrition, as well as local leading enterprises such as Hengrui Medicine, Haosen Pharmaceutical, Haiyan Kangyuan Medicine and Tasly Pharmaceutical Group.

(This article is translated from 36Kr. You can see the original article in Chinese here.)