Alibaba-backed cloud services provider DT Dream raised $84m in a series B round that reportedly boosted its valuation to $1.5bn.
DT Dream, a China-based cloud computing provider backed by e-commerce and internet group Alibaba, secured RMB600m ($84m) in series B funding yesterday, according to China Money Network.
Venture capital firm Zheshang Venture Capital co-led the round with an unnamed enterprise reform and development fund owned by the province of Zhejiang. It valued the company at $1.5bn according to DealStreetAsia.
Founded in 2015, DT Dream provides cloud computing and big data-powered services to enterprise and government clients. Its offering includes products…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
