Founded in 2017, the open-source software start-up is accelerating its path in the 5G and IoT areas.
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EMQ Technologies has announced that it has raised CNY 100 million in a Series A. Investors include Vision Knight Capital, Oriental Fortune Capital, Hillhouse Capital Group, and GGV Capital. The fund will be used for further research in the Hstream database.
Founded in 2017, EMQ is one of the earliest software start-ups adopting an open-source business mode in China. Its core open source project is EMQ X Broker, a distributed MQTT server. This has become a popular 5G & IoT data platform. Following the EMQ X Broker project, the company started building a Hstream database in 2018. Hstream is a stream database designed for IoT scenarios.
EMQ has nearly 10,000 open-source clients, nearly 300 paying customers, and more than 20 top 500 partners globally. Forty percent of clients are overseas users. The company's customers and partners come from many countries, such as HPE, VMware, Nokia, Huawei and China Telecom.