Cloud storage firm Kingsoft Cloud raised $300 in a series D round, one of the largest rounds in the cloud tech space in 2017
Kingsoft Cloud, a China-based cloud storage services provider spun out from office software producer Kingsoft, completed a $300m series D round last week that featured its parent company.
Kingsoft invested $150m to keep its majority stake in Kingsoft Cloud, which has now raised about $500m altogether. Private equity firm Liyue Investment committed $100m to the round and investment group China Minsheng supplied $50m, respectively.
Founded in 2012, Kingsoft Cloud provides cloud computing data storage services to corporate clients, operating data…
