What is Rootcloud?
Established in June 2016, ROOTCLOUD TECHNOLOGY CO., LTD, commonly known as ROOTCLOUD, is a pioneering company focused on building the IIoT operating system, the ROOTCLOUD Platform. This platform serves as a foundational element for industrial digital transformation, offering a suite of IoT connection products, industrial applications, data intelligence, and innovative solutions. ROOTCLOUD aims to provide industrial enterprises with efficient, reliable, and cost-effective digital transformation services. The company has been recognized by Gartner Magic Quadrant for Industrial IoT Platforms for three consecutive years, highlighting its strong position in the global market. Originating from China's industrial heartland, ROOTCLOUD has expanded its reach internationally with offices in Singapore and across China, deploying servers worldwide and serving clients in Europe, Southeast Asia, the Middle East, North America, and Latin America. Its solutions span data-driven intelligent R&D, intelligent manufacturing, intelligent services, and industrial finance, catering to diverse sectors such as equipment manufacturing, automotive, and steel, and has established 20 industrial chain platforms for various industries.
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 Hejun Capital, Huaxu Capital, Rising Investments, Matrix Partners, ZWC Ventures, and Galaxy Finance Holding Group
Series C (2020): $122M led by Tianya Capital, Tencent, IDG Capital co, Haitong Investment Group, and KY Private Equity Fund
Key Investors in Rootcloud
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.
Tencent
Tencent Holdings Limited is a major player in internet and mobile services, offering online and mobile games, applications, instant messaging, online literature, and interactive entertainment services internationally. Founded in 1998, it is headquartered in Shenzhen, China.
Hejun Capital
Hejun Capital is an investor participating in the funding round for Rootcloud. Further details on their investment focus are not publicly available.
What's next for Rootcloud?
With its recent major strategic investment and a history of substantial capital raises, ROOTCLOUD is well-positioned for accelerated growth and market expansion. The company's focus on building robust IIoT platforms and connecting a vast number of industrial equipment, supporting over 1100 industrial protocols, indicates a strategy geared towards deepening its penetration in key industrial sectors. Future endeavors will likely involve further enhancing its platform capabilities, expanding its global footprint, and forging new partnerships to drive industrial digital transformation across a wider array of industries and value chains. The company's consistent recognition by Gartner suggests a trajectory towards solidifying its leadership in the industrial IoT space.
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