Chinese Academy of Sciences has led a series B round through Cash Capital, while an unnamed unit of the institution entered a strategic partnership with SpeedyCloud.

China-based cloud computing provider SpeedyCloud has raised RMB100m ($14.7m) in a series B round led by Cash Capital, an investment subsidiary of Chinese Academy of Sciences, according to China Money Network.

SpeedyCloud will enter a strategic partnership agreement with another, unnamed subsidiary of the academy that will have the two collaborate on hardware leasing.

Founded in 2012, SpeedyCloud’s services include cloud-based computing, network and storage.

The company claims to have more than 5,000 corporate customers across 90% of China’s cities,…