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Taos Data Completes $47 Million Series B Financing Led By Matrixpartners China, Followed By Sequoia Capital China, Ggv Capital, And Index Capital

May 24, 2021•about 4 years ago

Amount Raised

$47 Million

Round Type

series b

Beijing

Description

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 Information

Company

Taos Data

Location

Beijing, Beijing, China

About

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

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech