Shanghai-based Aishu Technology Corp has bagged RMB 250 million (USD 35.2 million) in an investment round led by state-owned Tianjin Jinlian Investment Holding Company Limited and state-backed Haihe Industrial Fund, also joined by Cybernaut Investment Group, 36Kr reported on Tuesday.
Aishu’s investment round comes at a time when the Chinese government is pushing new digital infrastructure construction to help the economy recovering from the COVID-19 pandemic. China plans to issue RMB 3.75 trillion (USD 529 billion) in special local government bonds this year, proceeds of which will be partly used on new digital infrastructure construction, involving information networks and data centers, state media Xinhua reported on May 22.
Aishu’s new funds will be used to grow the firm’s cloud computing capabilities, build partner’s networks, and launch the firm’s operational centers in Europe (Germany) and the Asia Pacific area (Singapore).
Aishu, founded in 2006, develops an array of cloud services, such as AnyBackup, to help companies and governments to manage, protect, and restore data when necessary, and AnyShare, a cloud service for companies to manage and share documents.
The firm also manages AnyRobot, a tool designed to simplify IT operations management within the organization, and is preparing the launch of AnyData, a software to offer business insights based on data analysis to companies.
Aishu’s portfolio of over 20,000 clients includes major names such as Bank of China, smartphone vendor Xiaomi, Coca Cola, China Unicom, automaker Chery, Peking University, and the Ministry of Finance of China, said the firm.
36Kr is KrASIA’s parent company