Rootcloud Technology Announces End of Pre-Series C Funding Round

Rootcloud technology is regarded as an industrial operation unicorn in the field of IIoT, and it is launching a new P2P2B mode – assisting a partner in setting up a service terminal and build a safe ecological closed loop based on its platform. Moreover, its valuation was over USD 1 billion after finishing its pre-series C funding round for CNY 0.8 billion. Before this round, Rootcloud technology has obtained CNY 500 million for four rounds.

The rising of this Cloud computing platform is due to the manufacturing industry's transformation, which is focusing on digitalization and intelligence. In the post-epidemic period, digital consumption and e-commerce are becoming more and more popular. Furthermore, the Fourteenth Five-Year Plan aims to promote industry chain's upgrading, which sees IIoT as a breakthrough for digital transformation.

 Benefitting from this background, Rootcloud technology has built an IIoT platform named ROOTCLOUD, which is the first domestic platform to do the industrial operating system. Specifically, this platform comprises IIoT, AI, industrial blockchain and a data platform, emphasizing industrial mode innovation to lower the technical threshold.