SandStoneData closes RMB150m Series B+ round

SandStone Data recently announced that it has garnered 150 million yuan in a Series B+ financing round. The round was led by Cosco Shipping Development Company, with participation from Xiang He Capital and Wuxi Capital.

SandStone Data recently announced that it has garnered 150 million yuan in a Series B+ financing round. The round was led by Cosco Shipping Development Company, with participation from Xiang He Capital and Wuxi Capital.

Proceeds from the round will mainly be used for independent development of smart data storage products, industry market expansion and the construction of its ecosystem.

SandStone Data is a company in the 5G+AIoT era, committed to building the cornerstone of data storage in cloud computing, artificial intelligence, Internet of Things and other fields, with a new generation of intelligent distributed storage technology as the core.

SandStone Data has accumulated more than 30 invention patents and software copyrights, and is a member of Cloud Computing Standards Working Group of National Information Technology Standardization Network.

The company has four product lines, namely, object storage SandStone MOS, unified storage SandStone USP, hyper-converged all-in-one SandStone HyperCube, and secure storage all-in-one SandStone HuaYan.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/07/13/sandstonedata-closes-rmb150m-series-b-round/.

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