XSKY (Beijing) Data Technology has garnered a total of 320 million yuan ($45 million) led by China state-owned Capital Venture Fund, while iMotion Automotive Technology (Suzhou) has raised funding from CCB International’s sub-fund.
XSKY nets $45m in Series D round
XSKY (Beijing) Data Technology has garnered a total of 320 million yuan ($45 million) in a Series D round of financing led by China state-owned Venture Capital Fund, a joint fund set up by China Reform Holdings Corporation, Postal Savings Bank of China, China Construction Bank and Shenzhen Investment Holdings.
The round was joined by new backer Tsinghua Holdings’s investment arm and existing investor Qiming Venture Partners.
XSKY will deploy the proceeds on advancing its storage technology, hybrid cloud data management and business expansion.
XSKY has previously closed four rounds of funding from investors including Northern Light Venture Capital, Redpoint Ventures and New Enterprise Associates.
State-owned CCB backs iMotion’s Series B1 round
iMotion Automotive Technology (Suzhou) Co., Ltd, a provider of autonomous driving system solutions, has raised nearly 100 million yuan ($14 million) in a round led by state-owned CCB International’s sub-fund.
The current round also saw the participation of new investor Heyu Yihao Investment and returning backers Leading Ideal, Future Capital and Shenzhen Guozhong Venture Capital Management. Scheme Capital served as its financial advisor of the deal, iMotion announced on WeChat.
It will use the proceeds to spruce up the mass production of automated driving systems.
iMotion’s previous investors include Oriza Holdings and Suzhou Nanyuan Rongtong Investment Management.
