VDN Cloud closes near-RMB100m Series A+ financing round

Edge computing cloud service provider VDN Cloud has received nearly 100 million yuan in its Series A+ financing round, led by Fortune Capital and joined by Legend Capital and CRCI Capital. Prior to this, VDN Cloud had received 50 million yuan in Series A financing from China Broadband Capital Partners and QFCapital.

Edge computing cloud service provider VDN Cloud has received nearly 100 million yuan in its Series A+ financing round, led by Fortune Capital and joined by Legend Capital and CRCI Capital. Prior to this, VDN Cloud had received 50 million yuan in Series A financing from China Broadband Capital Partners and QFCapital.

VDN Cloud is a developer of edge computing cloud designed to provide users with edge computing network cloud service. The company provides multi-cloud access management services, edge computing network services, CDN cloud distribution services, and edge computing IaaS services, enabling enterprise users to obtain edge computing network cloud services.

According to Peng Qing, Chairman and CEO of VDN Cloud, the company’s operating income exceeded 100 million yuanin 2019, maintaining an annual growth rate of more than 50%, and profit growth of more than 100%, which is basically at a breakeven point.

As for the team, VDN Cloud has 100 employees. 70% of the employees are technical staff, 15% are marketing staff who mainly sell directly to large clients. In 2020, the company will set up a research and development team outside of Beijing, Shanghai, and Guangzhou.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/07/vdn-cloud-closes-near-rmb100m-series-a-financing-round/.

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