China cloud-computing provider UnitedStack raises Series C
UnitedStack, which claims to be the first OpenStack-enabled cloud computing provider in China, has received a Series C round of funding of undisclosed size from Sequoia Capital.
One unidentified global leading information technology (IT) provider also participated, according to a statement. In line with the financing round, UnitedStack also signed an agreement with Cisco that will see the two companies will work together on private and hybrid cloud services for Chinese enterprise customers.
OpenStack is a free software tool for building cloud-computing platforms. It was introduced to China in February 2013 by UnitedStack, which received Series A and B rounds from Sequoia.
The company also manages private cloud services for enterprise customers across various industries, wiht customers such as Heilongjiang Electric Power, State Grid Corporation of China and Midea Group.
UnitedStack is also seeking to expand its ecosystem through partnerships with internet companies including Tencent Holdings, Baidu Security Service and Dell.
"From initially introducing OpenStack into China to now, we always are the leader and practitioner of open source cloud market. In this process, UnitedStack has grown from several people at the beginning to today's hundreds of people. It achieved rapid growth in the number of customers and covered many industries," said Cheng Hui, founder and CEO of UnitedStack.
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