What is Rootcloud?
Established in June 2016, ROOTCLOUD TECHNOLOGY CO., LTD specializes in building the ROOTCLOUD Platform, an IIoT operating system designed to provide a robust foundation for industrial digital transformation. Originating from China's manufacturing hub, the company offers IoT connection products, industrial applications, data intelligence, and innovative solutions to industrial enterprises globally. ROOTCLOUD has been recognized by Gartner Magic Quadrant for Industrial IoT Platforms for three consecutive years. Its services span data-driven intelligent R&D, smart manufacturing, and industrial finance, catering to diverse sectors such as equipment manufacturing, automotive, and steel. The platform supports over 1100 industrial protocols and has connected more than 900,000 industrial equipment assets.
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 Huaxu Capital, Hejun Capital, Galaxy Finance Holding Group, Matrix Partners, ZWC Ventures, and Rising Investments
Series C (2020): $122M led by KY Private Equity Fund, Tianya Capital, Tencent, Haitong Investment Group, and IDG Capital co
Key Investors in Rootcloud
Tencent
Tencent Holdings Limited is a major Chinese multinational technology and entertainment conglomerate. It provides internet and mobile services, online games, applications, instant messaging, online literature, and interactive entertainment services, playing a significant role in the digital ecosystem.
Matrix Partners
Matrix Partners is an award-winning firm specializing in pet product strategy, advertising, and public relations, with a history of creating successful marketing campaigns for consumer and pet product brands since 1987.
Huaxu Capital
Huaxu Capital is an investment firm that has participated in Rootcloud's Series B funding round, indicating a focus on technology and industrial sectors.
What's next for Rootcloud?
With its latest major strategic investment, ROOTCLOUD is poised to further accelerate its global expansion and enhance its IIoT platform capabilities. The substantial capital infusion will likely fuel advancements in its industrial digital transformation services, enabling more enterprises to adopt efficient and low-barrier digital solutions. Future initiatives may focus on deepening its presence in existing markets across Europe, Southeast Asia, and North America, while also exploring new strategic partnerships to broaden its ecosystem and support a wider range of industrial protocols and equipment.
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