The cloud-based performance management software developer has now raised more than $56m in total after closing an SIG-backed series C round.

China-based performance management software provider Cloudwise has closed a $26m series C round featuring securities trading and technology firm Susquehanna International Group (SIG), China Money Network has reported.

Media and technology-focused private equity firm CBC Capital led the round, which also featured venture capital firm Sequoia Partners China.

Cloudwise produces cloud software that helps companies monitor IT and business operations, improving IT maintenance and organisational performance in the process.

The company’s clients reportedly number more than 300,000 and include businesses…