The Tsinghua-backed data storage company has secured backing from corporates Legend Holdings and Hundsun to further develop its technology.
XSky Data Technology, a China-based software-defined storage provider backed by Tsinghua University, raked in $110m in a series E round led by private equity firm Boyu Capital.
Financial software firm Hundsun and Legend Capital, the VC firm set up by conglomerate Legend Holdings, both contributed to the round, as did financial services provider China International Capital Corporation (CICC), Suzhou Yishang Investment, Qiming Venture Partners, Northern Light Venture Capital, Kunlun Fund and Broad Vision Funds.
CICC made its investment…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
