What is Rootcloud?
Established in 2016, Rootcloud provides a comprehensive IIoT operating system designed to facilitate the digital evolution of industrial enterprises. By offering a robust foundation for industrial apps, IoT connectivity, and data-driven insights, the company addresses the complex needs of sectors ranging from equipment manufacturing to steel production. Recognized for its technical prowess, Rootcloud has been featured in the Gartner Magic Quadrant for Industrial IoT Platforms for three consecutive years. The platform currently supports over 1,100 industrial protocols and manages a vast network of high-value industrial equipment, positioning the firm as a critical infrastructure provider for the modern industrial value chain.
How much funding has Rootcloud raised?
Rootcloud has raised a total of $194.2M across 2 funding rounds:
Series B
$72.2M
Series C
$122M
Series B (2019): $72.2M with participation from Galaxy Finance Holding Group, Hejun Capital, Huaxu Capital, ZWC Ventures, Matrix Partners, and Rising Investments
Series C (2020): $122M led by Tencent, Haitong Investment Group, KY Private Equity Fund, IDG Capital co, and Tianya Capital
Key Investors in Rootcloud
Tencent
A global technology conglomerate that develops digital platforms, cloud computing, and enterprise solutions, supporting innovation across international markets.
Matrix Partners
An award-winning firm with a long history of strategic marketing and brand development, providing expertise in scaling consumer and enterprise-facing businesses.
Hejun Capital
A prominent investment firm focused on supporting high-growth industrial and technology enterprises through strategic capital and management consulting.
What's next for Rootcloud?
Following this major strategic investment, Rootcloud is well-positioned to deepen its penetration into global industrial markets. The company's roadmap focuses on scaling its intelligent manufacturing and industrial finance solutions, leveraging its existing network of over 900,000 connected assets. By prioritizing the integration of advanced data analytics and expanding its service offerings in the Middle East and Latin America, Rootcloud aims to maintain its competitive edge as a leader in the IIoT space. The influx of capital will likely be directed toward R&D initiatives that further lower the barriers to entry for traditional manufacturers seeking to modernize their operations through digital transformation.
See full Rootcloud company page
