Rushan leads $16m round for China's EasyStack

Set up last year, Beijing-headquartered EasyStack offers an OpenStack enterprise cloud platform. OpenStack is an open source infrastructure for cloud computing services. The EasyStack platform claims to serve over 50 clients across the finance, telecom, government and e-commerce sectors. Its customers include Lenovo, China Unicom, China Telecom, the State Grid and Great Wall Broadband Network.

The company has now raised more than $28 million, having received $12 million in Series A round led by BlueRun in July last year. This latest round will be used to aid EasyStack's expansion in the region, accelerate product development, hire OpenStack talent, and build its marketing, sales, business and development teams.

"More and more Industries are embracing mobile and cloud technologies, transforming their IT infrastructure to enable fast innovation. OpenStack will play an important role as the leading open source cloud computing project," said Wang Yong, chairman of RuShan Capital, in a statement. "EasyStack is on a good position to lead the market in China for this new era."

A handful of Chinese cloud computing start-ups have received venture capital backing this year. Last month, Legend Capital led a Series C round worth about $100 million for Chinese cloud service provider UCloud. Prior to that IDG Capital Partners invested $24.06 million in cloud computing venture Kingsoft Cloud Group as part of a funding round led by its parent company, Kingsoft.

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• Topics
• Greater China
• Technology
• Early-stage
• China
• Technology
• Venture
• BlueRun Ventures