The company roped in a portfolio of investors including CITIC Securities, China Merchants Securities, GF Securities, Legend Star, Sunshine Insurance, Xiang He Capital, technology-focused Advantech Capital, and Hundreds Capital, besides returning investor Z Capital. Proceeds from the financing will be used to underpin its competitive capacity in text intelligence, it said. The nearly seven-year-old DataGrand has a strong pipeline of clients comprising Banks of China, China Construction Bank, China Ping An, China UnionPay, technology giant Huawei, state-backed motor group SAIC Motor, JD.com, home appliances, and consumer electronics major Haier, among others. In 2020, DataGrand had secured 270 million yuan ($42 million) in a Series B+ round of financing from Shenzhen Capital, Z Capital, Chenshan Capital, and SAIF Partners.In addition, DataGrand also had the backing of Eastern Bell Capital, F&G Capital, Haier Capital, Oriza Holdings’ Oriza Prior, and ZhenFund.