Harmonycloud, a high-tech cloud computing solutions platform, has completed its undisclosed Series B round of funding led by China’s e-commerce giant Alibaba Group with participation from existing investor City Cloud Technology, per a company statement.
Set up in 2016 and led by a team of experts from Zhejiang University SEL Lab, the Hangzhou-based startup is engaged in cloud-based R&D. It will deploy proceeds towards cloud computing innovation to enable enterprises to fulfill their digital transformation needs.
CHINA DEAL MONITOR
DealStreetAsia has also put together a table listing out all prominent venture capital transactions in the Greater China region from January 7-8, 2020.