China Digest: BizSeer bags $28m; GL Ventures backs ZD POWER

China Digest: BizSeer bags $28m; GL Ventures backs ZD POWER

Beijing, China. Photo by zhang kaiyv on Unsplash

Sequoia-backed BizSeer has raised almost $28 million in a Series C round, while energy tech firm ZD POWER has snapped around $14 million in a Series A round. 

Sequoia-backed BizSeer bags $28m Series C

BizSeer, a specialist in artificial intelligence for IT operations (AIOps), has notched 200 million yuan ($27.7 million) in a Series C round led by Chinese private equity firm Firstred Capital, a Beijing-based investment firm led by Chinese mergers and acquisitions (M&A) specialist Liu Xiaodan.

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