Edge Computing Company TINGYU Nets Nearly 100Mn in Series A

Technology Author: Yunfeng Zhang Jan 31, 2023 09:22 PM (GMT+8)

Cloud services platform Tingyu Tech (Chinese:庭宇科技) achieves rapid revenue growth, doubling for third consecutive year.

Cloud primordial

Tingyu Tech, an edge cloud service platform built on a massive number of edge nodes to provide high performance, announced that it has raised nearly CNY 100 million in series A1 and A2 within one year. The investment was led by Cornerstone Venturecapital(Chinese:基石创投),and followed by Suzhou Clivia Capital(Chinese:君子兰资本), RONGDAO(Chinese:融道投资), Z&Y Capital(Chinese:卓源资本) and z-innoway(Chinese:中关村创业大街). Dimension Capital (Chinese:次元资本) served as the exclusive financial advisor for two consecutive rounds. Proceeds will be primarily used for the technical development of the company's core edge computing products and the iterative implementation of multi-industry real-time interactive scenario solutions.

Founded in 2019 and with its headquarter in Beijing, Tingyu Tech is a technology-based enterprise specializing in edge computing cloud services. The company has self-developed elastic converged distributed edge computing network and a cloud platform built with massive high-quality edge nodes to provide customers with high-performance, highly reliable, highly elastic and low-cost cloud computing, content distribution and storage services. Specifically, the digital office field of TingYu Technology serves customers in the direction of information technology innovation, government office, education and digital twin; the interactive entertainment field is mainly for the head of the cloud game platform, VR/AR applications, meta-universe, offline entertainment interactive scene.

Zhu Bin, founder and CEO of TingYu Tech, told the interviewer, "Tingyu's long-term goal and concept is to build revolutionary products and services through a new generation of computing architecture technology to help the industry innovate, develop and prosper in new forms and models."

Tingyu Tech's competitors include Lnjoying(Chinese:秒如科技),PPIO(Chinese:PPIO边缘云) and Baishan Cloud(Chinese:白云山科技).