YunionOneCloud secures RMB50m Sereis A round led by Guiyang Venture Capital

Converged cloud service provider Yunion OneCloud has received 50 million yuan in Series A financing round. This round of financing was led by Guiyang Venture Capital, with participation from existing investors 10Fund and ZhenFund.

Converged cloud service provider Yunion OneCloud has received 50 million yuan in Series A financing round. This round of financing was led by Guiyang Venture Capital, with participation from existing investors 10Fund and ZhenFund.

Yunion OneCloud provides one-click deployment and productization solutions for all the needs of enterprises on cloud, cloud deployment, and multi-cloud management. Clients can manage all heterogeneous IT infrastructures through the “one” converged cloud, whether it is the company’s local bare metal environment, virtualized environment, or various public cloud environments.

The converged cloud shields the complexity of hybrid cloud and multi-cloud management, liberating enterprises from cumbersome cloud resource management.

At the beginning of this year, the company also released 3.0 version of the converged cloud to containerize its products. Since OneCloud was launched in the second half of 2017, its annual revenue growth has exceeded 500%. In 2019, OneCloud’s revenue is in the tens of millions of yuan, and this year’s revenue is expected to exceed 200 million yuan.

As the leading investor in this round of financing, Guiyang Venture Capital said: “In 2020, 5G, artificial intelligence, industrial Internet, cloud computing and other fields will be listed as an important part of the ‘new infrastructure’. The application and popularization of computing technology help enterprises to further go online and on cloud. What Yunion OneCloud does is a necessary part of the new infrastructure. “

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/05/15/yuniononecloud-secures-rmb50m-sereis-a-round-led-by-guiyang-venture-capital/.

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