Tencent Industrial Ecosystem Investment fund and Langcheng Capital have co-led a round for the industrial digital transformation technology provider sized at nearly $15.4m.
China-based industrial digitalisation service Youye Technology has secured almost RMB100m ($15.4m) in a round co-led by Tencent Industrial Ecosystem Investment, a vehicle for internet group Tencent’s cloud computing subsidiary, Tencent Cloud.
Investment firm Langcheng Capital co-led the round, which also featured Changshu Dongnan Industry Fund.
Youye has built a platform-as-a-service data operating system and provides consulting services to help enterprise customers in spaces including the metal, power and petrochemical industries achieve digital transformation.
The company will use the money to…
