BEIJING, September 16 (TMTPOST) — China's leading one-stop big data and AI solution provider DataStory announced that it has completed its C+ round financing at RMB250 million. The financing was led by Shunwei Capital and Chinese smartphone giant Xiaomi.
The fund raised from this round will be reportedly used for upgrading the company’s PaaS ecosystem and products, industry ecosystem development, and overseas expansion.
The company garnered RMB120 million in a series B+ round of strategic financing invested by Shengsong Capital and Yipu Dashu Investment in June last year.
DataStory’s business model is similar to Palantir and Adobe, said DataStory’s CEO and founder Xu Yabo. Founded in 2015, DataStory specializes in the field of big data and AI intelligent business applications, providing data intelligence services for hundreds of top-tier companies.
DataStory has launched 5 major products: DataHub, DataOcean, DataProfile, DataCube, and DataRadar, covering the complete data cycle from monitoring, collection, cleaning, processing, storage, analysis to visualization, utilizing big data and AI technology to providing its clients with business intelligence. The company supplies its clients with complete solutions from product innovation, brand marketing, channel operation to user operation.
The company's headquarters is located in Guangzhou, with localized branches in major cities such as Beijing, Shanghai, Shenzhen, and Chengdu. The company currently has nearly 300 employees, more than 60% of the big data and AI technology research and development team.
According to Shunwei Capital’s partner Cheng Tian, data is the very backbone of digital transformation, which companies rely on to conceptualize the past, drive current business, and make future decisions.
DataStory has formed long-term partnerships with companies such as P&G, Tencent, Huawei, Intel, and Xiaomi. It continues to optimize its technological solutions to cover more use scenes. It is said that the client retention rate for the company has surpassed 100%.