China Deal Monitor: Sequoia-backed Oushu closes new funding and more updates

Chinese database and AI company Oushu Inc. has pocketed an undisclosed sum in a Series B round of financing led by Kingsoft Group’s cloud service arm Kingsoft Cloud, per a company statement on Wednesday.

The new funding round follows two rounds of financing completed in 2017. Sequoia Capital China, along with Redpoint China Ventures had poured 50 million yuan ($7.4 million) in Oushu’s Series A round in October that year. In April 2017, Redpoint had made investments in Oushu’s angel round.

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