Chinese data analytics firm Kyligence bags $70m in Series D round

Chinese data analytics firm Kyligence Inc has raised $70 million in its Series D round of funding led by Shanghai Pudong Development Bank’s offshore investment bank SPDB International. 

CICC Capital’s sub-fund along with wealth management player Gopher Asset Management, state-backed Shanghai International Group’s funds of funds Guofang, American family office ASG, Jumbo Sheen Fund, and Shanghai Trust’s Puxin Capital joined the latest round.

Return backers – Shunwei Capital, Redpoint China Ventures and Eight Roads – made a follow-on investment in the Series D round. The three investors had partnered with Coatue Management to inject $25 million in Kyligence’s Series C round in 2019.

In 2018, Shunwei, Redpoint, and Eight Roads had along with CBC and Cisco invested $15 million in the firm’s Series B round. 

Index Capital facilitated the transaction, the investee said in a statement.

The firm will use the proceeds for marketing, business ecosystem development, overseas expansion, and technology innovation. 

Founded by professionals who created Apache Kylin, an open-source online analytical processing (OLAP) for big data apache projects in 2016, Kyligence leverages AI-augmented data analytics to accelerate critical business decisions globally.

With dual headquarters in San Jose and Shanghai, the company’s data cloud products and solutions are used by nearly 100 global clients including Swiss investment bank UBS, Xactly, Ping An Bank, China UnionPay, SPD Bank, SAIC Motor, among others. 

Kyligence expects to further enhance its market presence in Europe and the Asia-Pacific, it said. 

 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.