Tuesday, 2023 October 3

CHINA BRIEF | Jack Ma-backed software company Uinnova closes USD 25.6 million Series B+ round

Beijing-based software maker Uinnova Technologies has raised RMB 180 million (USD 25.7 million) in its Series B+ round led by CBC Capital and Chenshan Capital, 36Kr reported on Wednesday.

The company, which was established in Beijing in 2012, closed its Series B at the end of 2017, bagging RMB 120 million from YF Capital, co-founded by Alibaba’s Jack Ma.

Uinnova owns Tarsier, a software platform that visualizes the IT architecture of an enterprise supporting operations and management, as well as the internet-of-things software ThingJS.

The firm’s more than 100,000 clients include Tencent, Alibaba Cloud, and China Mobile as well as China’s four largest banks, including Bank of China, according to its website. The new funds will be used for R&D and expansion of the ThingJS platform.

This article is part of KrASIA’s “China Brief” section, where KrASIA’s reporters will provide quick daily updates about the tech ecosystem in China.

Jingli Song
Jingli Song
I believe Chinese innovation at various level needs to be known by the world.

Related Read