Private equity firm Doll Capital Management (DCM) and Bertelsmann Asia Investments, the Asia-focused corporate venturing unit of the German media group Bertelsmann, have invested $10m in a series A round of funding for UCloud Information Technology. The IaaS business that targets SMEs to build their scalable IT infrastructures through cloud computing will use the funds to accelerate R&D, marketing and infrastructure building costs, such as servers.
At present, UCloud’s customer base consists mainly of companies specialising in gaming, mobile apps,…
