The Archermind-backed operating system developer was reportedly valued at $734m valuation in a $168m round led by Beijing E-Town.

Uniontech Software Technology, a China-based operating system developer backed by internet-of-things technology provider ArcherMind, has received RMB1.1bn ($168m) in series A funding, DealStreetAsia has reported.

The round was led by state-owned investment firm Beijing E-Town International Investment & Development with backing from Shenzhen Capital Group, Shanghai Guohe Capital and Gaorong Capital. It valued Uniontech Software at about $734m.

Uniontech was formed to combine ArcherMind’s Unity operating system project with an existing Linux-based platform then owned by peer Wuhan Deepin Technology.

…