Cloud computing service firm BoCloud has secured 100 million yuan ($14 million) in its Series C round led by NIO Capital while cybersecurity player SkyGuard has also raised over $14 million in its Series B+ round.
NIO Capital leads $14m in cloud-based solution provider BoCloud
NIO Capital, the investment arm of Chinese electric vehicle startup Nio Inc, has led the 100 million yuan ($14 million) Series C round for BoCloud, a cloud computing service firm focused on Platform-as-a-Service (PaaS) technology.
The round saw the participation of Tianjin Venture Capital and Szclivia Investment Management along with existing investors JD Cloud, Oriza Holdings, and Bondshine Capital.
Set up in 2012, BoCloud claims to have served over 200 medium-to-large companies. It will deploy the proceeds to scale up its PaaS capabilities and to provide more effective solutions for enterprises.
Earlier this month, NIO Capital raised over $200 million for its debut USD fund, Eve ONE L.P., from sovereign wealth funds, funds of funds, among others.
SkyGuard raises over $14m to develop data security technology
China’s cybersecurity player Beijing SkyGuard Network Technologies LLC (SkyGuard) has raised more than 100 million yuan ($14 million) in its Series B+ round funding from state-owned Beijing Yizhuang Investment Holdings, and China Aerospace Science and Industry Corporation Fund (CASIC), according to a statement.
With over 200 engineers in China and the United States, the company’s flagship brand, SecGator, offers artificial intelligence (AI)-based enterprise data protection solutions that are being deployed in the government departments, finance, energy, internet sectors, among others.
The company targets to strengthen its R&D efforts around AI, cloud, and mobile devices.
Since 2015, SkyGuard has raised 300 million yuan ($42 million) from cybersecurity major 360 Total Security, and venture capital firms such as SDIC Venture Capital and China Growth Capital.