Coatue leads $25m Series C for China’s Kyligence

The round was supported by Eight Roads Ventures, Redpoint Ventures, and Shunwei Capital. Eight Roads led a $15 million Series B last year with participation by Redpoint, Shunwei, China Broadband Capital, and Cisco.

Kyligence was founded in 2016 by the team that created Apache Kylin, an analytics engine that has been adopted by more than 1,000 enterprises globally as a way of combining multiple computers to solve problems involving large amounts of data. The company says it will use the fresh capital to develop technology and seek partnerships with other cloud, big data, and business intelligence providers.

“Kyligence is one of the best big data teams in China. The company has demonstrated compelling potential with its continuous breakthrough in product innovation, talent and customer acquisition,” David Yuan, a managing partner at Redpoint, said in a statement. “The company has experienced strong momentum by becoming China’s top original open source big data software company.”

Core products include a cloud migration service and an on-premises big data analytics platform, the latter of which has recently become available on Microsoft’s online software-as-a-service and datasets marketplace. In January, Kyligence opened its US headquarters in Silicon Valley, which will cooperate with existing bases in New York and Seattle.   

Investor interest in Chinese big data and cloud computing technology is underpinned by demand from businesses with insufficient in-house IT support for more economic outsourced infrastructure options. Earlier this week, MiningLamp Software, a big data company focused on cybersecurity and marketing, raised almost $300 million in a Series D round.

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• Topics
• Greater China
• Support services
• Technology
• Expansion
• China
• USA
• Coatue Management
• Eight Roads
• Redpoint China Ventures
• Shunwei Capital Partners