The company has roped in a new investor, as China’s cloud computing market continues to thrive
Chinese cloud management platform Fit2Cloud (Chinese: 飞致云) closed on April 11 its CNY 100 million (USD 15.7 million) Series D financing round led by Legend Capital.
Existing backer Vision Knight Capital also participated in the investment.
The proceeds will be used in product R&D and service delivery to better combine open-source technologies with cloud services.
Founded in 2014, Fit2Cloud aims to provide security, database, and management solutions for enterprises to store, manage, and control information using the cloud.
The “Cloud Management Platform” launched by Fit2Cloud has served nearly 200 clients, including Haitong Securities (600837) (Chinese: 海通证券) and SAIC Motor (600104) (Chinese: 上汽集团), the company claimed on its website.
Other products of the open-source software provider include Jumpservers, MeterSphere, KubeOperator, and DataEase. DataEase, an open-source data visualization analysis tool, has been installed over 18,000 times on Github.
International advisory firm IDC announced the global market volume of cloud computing will exceed USD 1.3 trillion in 2025, with 50% of institutions applying multi-cloud processing tools to realize digitalization.
Another open-source software DevOps platform GitLab (Chinese: 极狐信息) has garnered on Monday more than CNY 100 million in its Series A funding round joined by GGV Capital, Lenovo Capital, Temasek, and other investors.