Cisco-backed Chinese smart city developer CCI closes $154m Series D round

City Cloud Technology Co., Ltd (CCI), a specialist in big data solutions for smart cities, announced on Thursday that it has secured 1 billion yuan ($154 million) in a Series D round of financing.

A slew of state-backed investors participated in the fresh round, including Yuexiu Financial Holdings’ investment vehicle Yuexiu Industrial Fund, Hangzhou High-Tech Investment, and Jiashan Guotou.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter