China’s Sensors Data secures $30m Series C-plus round

Founded in 2015, Beijing-based Sensors Data now has 500 staff. It started servicing internet start-ups, offering a platform called Sensor Analytics that assists in the collection and analysis of customer data.

In 2016, the company expanded to cover large corporate customers. It provides standardized software-as-a-service (SaaS) solutions and customized products housed within individual servers. In 2018, Sensors Data had 500 paying customers and generated revenue of RMB100 million. Customers include China UnionPay, GF Securities, Keep, and Lalamove, among others.

Last year, Sensors Data started offering so-called closed-loop services, aiming to provide a one-stop solution covering everything from data perception and collection to analysis and decision-making tools. The company now has about 1,000 customers, of which 20% use multiple products. It claims to process 150 billion pieces of new data every day.  

Sensors Data raised an undisclosed angel round from Linear Venture and FutureCap in 2015. A $4 million Series A from Sequoia and existing investors followed in 2016, then an $11 million Series B in 2017 led by DCM. Warburg Pincus led a $44 million Series C in 2018.

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• Topics
• Greater China
• Expansion
• Technology
• China
• Xiang He Capital
• Morningside Technologies
• Warburg Pincus Asia
• Sequoia Capital