The cloud data storage company added new strategic partner Telstra to its investor base in a series D round also backed by Harvest Global and China Broadband Capital.
Telstra Ventures, the corporate venturing arm of telecommunications group Telstra, has invested in China-based cloud-storage service provider Qiniu as part of a $100m series D round, according to The Australian.
The round also included Harvest Global Investments and China Broadband Capital (CBC). Telstra Ventures’ share was “not too far away from” the US$5m to US$10m it typically invests, Telstra Ventures managing director Matthew Koertge told The Australian.
Founded in 2011, Qiniu provides cloud-based data hosting and processing services for businesses…
