Computing, Security, Software

Sunny Times For FangCloud's Latest Investment

Hybrid cloud computing services in China have gained more momentum with new investment into FangCloud Technology.

The cloud services company claims to have raised US$8.4 million in a series A+ round led by Chen Weixing, founder of Kuaidi Dache, according to Chinese media reports.

UMC Capital, Lightspeed Venture Partners and Matrix Partners also reportedly participated in the round.

Founded in 2013, FangCloud provides enterprises one-stop file management and cooperation services.

FangCloud claims to have over 80,000 enterprise clients, including China's Longfor Properties, Jinko Solar and Zhejiang University.

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