M31 Capital leads $60m Series C round for Chinese IT data analytics startup EOITEK

Photo by Lukas Blazek on Unsplash.

EOITEK, a Chinese startup that develops big data and artificial intelligence (AI)-based products to help clients enforce IT operations, has secured $60 million in a Series C round of financing led by blockchain-focused investment firm M31 Capital.

Venture capital firm GGV Capital, Singapore-based, Temasek-owned ST Telemedia, and other existing shareholders participated in the new round. Investment bank Lighthouse Capital, the exclusive financial advisor of the deal, announced in a WeChat post on Tuesday.

Bring stories like this into your inbox every day.

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