DTStack, a Chinese cloud computing and big data technology services provider, has raised hundreds of thousands of yuan in a series B round of financing led by SDIC Venture Capital, a fund management company founded by the State Development and Investment Corp (SDIC).
Shenzhen Venture Capital, Hefeng Venture Capital, and Hangzhou Financial Investment Group also participated in this round.
Founded in 2016, Hangzhou-based DTStack provides big data and cloud technology products and services, including digital stacks DTinsight, data visualization, data center solution and cloud MSP, for enterprise customers in the fields of retail, financial, government, tourism, and internet.
"Data middle platform is the only way for companies to achieve digital intelligence transformation. DTStack has already had successful cases in many industries such as retail, finance, digital government, energy and tourism. Plus internal technical teams, as well as continuous innovation and accumulated experience, the company has great potential for development," said SDIC Venture Capital.
Proceeds of this round will be used for the research and development of PaaS products, talent introduction, product ecological construction and market promotion.
The company previously received investment from Vision Plus Capital, In Capital and Gobi Partners and other institutions since its establishment.
(This article is translated from 36Kr. You can see the original article in Chinese here.)