Chinese Cloud Computing Company Gains USD50 Million Additional Investment

June 18, 2014 | Print | Comments | Category: Business, Internet









Yuan Renminbi

Chinese cloud computing firm UCloud announced they have secured second round investments of USD50 million which will be used for core infrastructure construction.

This round of investment was led by Bertelsmann and Legend Capital, and followed by DCM. In November 2013, UCloud gained its first round of investment of over USD10 million, which was from DCM and Bertelsmann.

Ji Xinhua, chief executive officer of UCloud, revealed that after gaining the second round investments, the company will enhance its big data center construction and improve research and development strength. UCloud will complete the building of larger BGP machine rooms with city disaster recovery capabilities. Meanwhile, the company will complete its data center in North America to realize better global deployment.

Founded at the end of 2011, UCloud specializes in IaaS product development and operating services. Starting as a cloud hosting provider, the company's product lines currently cover cloud storage, cloud acceleration, and cloud databases. The members of its founding team are mainly from Huawei, Shanda, Neusoft, and Tencent.

At present, UCloud claims thousands of paid users, which are mainly in gaming and e-commerce sectors.





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