Big data software producer Transwarp has received $71m of series D2 funding, following previous rounds that included corporates Tencent and TCL.
Transwarp, a China-based big data analytics technology developer backed by internet group Tencent and electronics manufacturer TCL, raised RMB500m ($71m) in series D2 funding today, according to China Money Network.
The capital was supplied by investment banks China International Capital Corporation and Citic Securities, which participated through respective vehicles CICC Capital and Goldstone Investment, as well as asset manager Bohai Zhongsheng and an unnamed state-owned fund.
Founded in 2013, Transwarp has built a range of big data and artificial intelligence…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
