Alibaba-founded industrial data analytics platform developer Wuxi Xuelang Digital System has added $14.5m to an eight-digit renminbi sum it previously raised last year.
Wuxi Xuelang Digital System Technology, a China-based industrial data analytics provider co-founded by e-commerce firm Alibaba, has collected almost RMB100m ($14.5m) in pre-series A funding.
The round was led by Mount Morning Capital, a subsidiary of VC firm China Broadband Capital, and featured SDIC FOF, part of state-owned investment holding group State Development and Investment Corporation.
Founded in 2018 by Alibaba and Wuxi’s city government, Wuxi Xuelang Digital has built a 5G-driven data analytics platform that is used by almost…
