SandStone rocks series B-plus round

Jul 9, 2020 • Callum Cyrus

The data storage platform developer raised $21.4m in a round led by Cosco Shipping Development that will support recruitment and market expansion.

Marine shipping firm Cosco Shipping Development has led a RMB150m ($21.4m) series B-plus round for China-based data storage technology producer SandStone Data, China Money Network reported yesterday.

Xianghe Capital and Wuxi Capital also took part in the round, which followed an undisclosed amount of series B funding from GF Qianhe and Shenzhen Talent Fund in 2019. Shunwei Capital had led the company’s series A round in 2017.

Founded in 2014, SandStone has built a software-defined storage system that can manage…

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