HuiCloud closes RMB10m-level Series B round to further accelerate commercialization

HuiCloud has recently completed a Series B round of financing, raising tens of millions of yuan. The round was led by Yonghua Caital and joined by Yunyue Kefeng Investment. The proceeds will mainly be used for product development and market expansion.

HuiCloud has recently completed a Series B round of financing, raising tens of millions of yuan. The round was led by Yonghua Caital and joined by Yunyue Kefeng Investment. The proceeds will mainly be used for product development and market expansion.

After completing this round of financing, HuiCloud has accumulated hundreds of millions of yuan in financing, and its shareholders cover well-known Chinese B2B listed companies, such as Yonyou, 263, seen.com and others.

Founded in 2015, HuiCloud is based on the original low-code, visualization, and easy-to-expand PaaS-SaaS platform. Through the digital business center, the company enablestraditional industries to achieve digital economy transformation.

In 2019, HuiCloud’s business revenue reached tens of millions of yuan, up 50% from the year before. At present, it has served more than 3,000 corporate and government clients.

On the team side, HuiCloud currently has more than 100 employees, with R&D personnel accounting for more than 60% of the staff. After completing this round of financing, the company will recruit more marketing and R&D talents.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/05/27/huicloud-closes-rmb10m-level-series-b-round-to-further-accelerate-commercialization/.

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