What is XSKY?
Founded in 2015 and based in China, XSKY is dedicated to advancing software-defined infrastructure. The company provides enterprise-grade software-defined distributed storage products designed to empower customers in innovating their data structures. XSKY operates within the rapidly evolving technology landscape, focusing on solutions that enhance data management and operational efficiency for businesses. Its commitment to innovation in storage technology positions it as a key player in the high-tech enterprise market.
How much funding has XSKY raised?
XSKY has raised a total of $275.7M across 7 funding rounds:
Angel/Seed
$3.1M
Series A
$8.2M
Series B
$18.9M
Series C
$37.8M
Series D
$33M
Series E
$111.9M
Series F
$62.8M
Angel/Seed (2015): $3.2M with participation from Northern Light Venture Capital
Series A (2016): $8.2M led by Redpoint and Northern Light Venture Capital
Series B (2017): $18.9M supported by Redpoint Ventures, Qiming Venture Partners, and Northern Light Venture Capital
Series C (2018): $37.8M featuring New Enterprise Associates, Qiming Venture Partners, Redpoint Ventures, and Northern Light Venture Capital
Series D (2020): $33M backed by Qiming Venture Partners and China State-Owned Capital Venture Investment Fund
Series E (2021): $111.9M with participation from Bohua Capital, Legend Capital, Kunlun Capital, Qiming Venture Partners, Boyu Investment, Suzhou Yishang, CICC Jiazi, HANG SENG ELECTRONICS, and Northern Lights
Series F (2021): $62.8M led by V Fund Management, Tencent, and Source Code Capital
Key Investors in XSKY
Qiming Venture Partners
Qiming Venture Partners is a prominent venture capital firm that focuses on investing in innovative companies across various sectors, including technology, healthcare, and artificial intelligence. They aim to support entrepreneurs by providing industry resources, strategic guidance, and fostering strong relationships with stakeholders.
Northern Light Venture Capital
NLVC I Global is a technology-centric early stage venture capital firm that supports the next generation of entrepreneurs in enterprise, healthcare, and consumer sectors with disruptive potential. The firm focuses on investing at the intersection of these areas, emphasizing opportunities that drive digital transformation and significant global impact.
Redpoint Ventures
Redpoint Ventures was founded in 1999 and is a venture capital firm focused on investments in early growth-stage companies.
What's next for XSKY?
With its latest major strategic investment, XSKY is poised for accelerated growth and further innovation in the software-defined storage market. The substantial capital infusion, indicated by the $275.7M and the recent $62.8M, suggests a strategic move towards scaling operations, enhancing product development, and potentially expanding its market reach. This enterprise-level funding signals strong investor confidence in XSKY's technology and its potential to capture a larger share of the global data infrastructure market. Future developments are likely to focus on strengthening its competitive edge through advanced R&D and strategic partnerships.
See full XSKY company page
