Taos Data Completes $47 Million Series B Financing Led By Matrixpartners China, Followed By Sequoia Capital China, Ggv Capital, And Index Capital
Taos Data Completes $47 Million Series B Financing Led By Matrixpartners China, Followed By Sequoia Capital China, Ggv Capital, And Index Capital
05/24/21, 12:40 PM
Location
beijingMoney raised
$47 million
Round Type
series b
On May 24, 2021, Taos Data, the world's leading IoT big data platform, announced the completion of a $47 million Series B financing round. The round was led by Matrix Partners China, with participation from Sequoia Capital China, GGV Capital, and Index Capital, with Index Capital acting as the exclusive financial advisor. The financing proceeds will be used for technology development and market expansion.
Company Info
Location
beijing, beijing, china
Additional Info
Without relying on any open source or third-party software, the company has independently developed the proprietary IoT big data platform TDengine which features high performance, scalability, high reliability, and zero management. TAOS Data has previously received angel investment from Future Capital, Manzi Fund, Yonghui Ruijin Capital, Wenqing Capital, and other institutions. As of 2020, TAOS Data has provided services to head customers in many fields such as energy and electricity, high-end manufacturing, and smart cities, with a contract value growth rate of 329% and a customer unit price increase of 179%. TAOS Data has a team with top technical skills, rich entrepreneurial experience and global vision