Tingyun closes Series C of RMB 400 mln

Tingyun, an APM application performance management brand in China under Beijing Jidiao Network, has completed a 400 million yuan C round of financing that was co-invested by CICC Capital, Pum Ventures, 99fund.com, GF Securities, and Fengyuan Capital.

Tingyun, an APM application performance management brand in China under Beijing Jidiao Network, has completed a 400 million yuan C round of financing that was co-invested by CICC Capital, Plum Ventures, 99fund.com, GF Securities, and Fengyuan Capital.

Tingyun is going to use the funds raised for the layout of business in the next three to five years. Besides, it will continue to increase the investment in the R&D, and gradually strengthen and upgrade its data collection, processing and output capabilities, focusing on improving its AIOps products.

Founded in 2007, Tingyun is an enterprise focusing on application performance management. In 2010, it first launched the RTMP streaming media monitor. In 2015, it became the first domestic listed APM company, and obtained the Gartner Magic Quadrant in December of the same year.

In 2019, Tingyun was selected as the recommended Gartner AIOps company, and launched a new generation of intelligent business management platform.

From 2018 to 2020, the company was selected into the Gartner Magic Quadrant for three consecutive years.

At present, the business of Tingyun has covered all major sectors including government, finance, operators, the Internet, aviation, energy and power, industrial manufacturing, and education. It has continued to make profits since 2018.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/09/12/tingyun-closes-series-c-of-rmb-400-mln/.

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