UCloud Information Technology is a Shanghai-based cloud service provider. The company provides cloud computing and related cloud services. It completed a RMB 960 million (about $139 million) Series D financing. The round was led by Chinese management funds Oriza Holdings and CICC Alpha. The article does not disclose operating metrics, valuation, use of proceeds, or additional investors. No future plans or product roadmaps were described in the article. UCloud provides cloud infrastructure-as-a-service, targeting gaming companies, mobile startups and other enterprises with pricing that competes with Amazon Web Services. The company helps customers outsource massive infrastructure and disaster-recovery capabilities so they can focus on core business. UCloud has gained traction with gaming and mobile customers and has hired talent from firms such as Shanda and Baidu. It plans to use new funding to build R&D and expand data center infrastructure, with a special focus on completing facilities in North America and growing business there. The company is led by founder and CEO Ji Xinhua, a former Tencent executive. TechNode reports UCloud is eyeing an IPO in the U.S.

Total raised

$189M

Funding rounds

2

Latest round

Series D

Latest activity

Mar 2017