Lakehouse Platform Provider DEEPEXI Bags CNY 110 Mn in Series B+

Technology Author: Guoyan Wu Jul 06, 2022 09:58 PM (GMT+8)

DEEPEXI, an intelligent data service provider, squeezed into the unicorn club after the completion of a fruitful Series B+ led by Avic Industry-Finance Holdings.

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Recently, DEEPEXI (Chinese: 滴普科技) closed its Series B+ funding round with CNY 110 million (USD 16.406 million), led by Avic Industry-Finance Holdings (Chinese: 中航产融). DEEPEXI has become a unicorn that features lakehouse data intelligence infrastructure software.

This was the second time for DEEPEXI to receive industrial capital from state-owned enterprises which would catalyze its operations in advanced manufacturing industries, such as aviation manufacturing. Last August, DEEPEXI harvested USD 100 million in Series B round, led by Xingtou Beijing (Chinese: 兴投北京) and Guotai Junan International (Chinese: 国泰君安国际).

The industrial integration of machine learning requires a new data platform that can manage large-scale structured and unstructured data with lower cost and real-time processing, which accelerates the development of next-generation lakehouse technologies and will also enable lakehouse platforms to become an integral part of the digital economy infrastructure.

Amid this trend, DEEPEXI has carried out targeted strategies and upgrades, devoting all resources to the R&D of FastData, a self-developed next-generation lakehouse platform. It aims to facilitate the infrastructure construction of data intelligence for industries.

At present, FastData Cloud developed by DEEPEXI has gained accreditation from many cloud vendors and served many customers on Amazon Web Services, Microsoft Azure and Huawei Cloud. DEEPEXI will continue to improve the user experience and service capabilities on major cloud platforms. 

Since its establishment in 2018, DEEPEXI has served more than 200 large and medium-sized enterprises in advanced manufacturing, biomedicine, business circulation, and fintech industries.