The company has grown into a unicorn with support from first-tier investors under the wave of digitalization
China’s big data analysis firm Sensors Data (Chinese: 神策数据) announced on May 6 the completion of its USD 200 million Series D financing round led by Tiger Global Management and The Carlyle Group (CG: Nasdaq).
The round is also participated by other high-profile investors, including Sequoia Capital China, GGV Capital, Warburg Pincus, Linear Venture, Xianghe Capital, Bessemer Ventures, 5Y Capital, DCM Ventures, FutureCap, and M31 Capital. FanZhuo Capital serves as the exclusive finance consultant.
The proceeds will be used for product R&D, intelligent marketing, and platform building, according to the announcement.
Sensors Data has bagged over USD 89 million over the past six funding rounds. It has served more than 2,000 paid clients including China’s largest payment institution China UnionPay (Chinese: 中国银联) and telecommunication giant China Telecom (601728) (Chinese: 中国电信), the company claimed on its website.
Founded in 2015, Beijing-based Sensors Data provides consulting services and industrial solutions for enterprises to drive business growth.