Cloud Service Provider QingCloud Raised $20 million in Series B for Global Expansion

Chinese Cloud service provider QingCloud today announced completion of $20 million funding in Series B. The round is led by Lightspeed China Partners and joined by Matrix Partners China and existing investor BlueRun Ventures.

Launched in July 2013, the young service has had 5000 customers. The startup behind QingCloud was founded two years ago.

The funding will be used for launching nodes in South China in March and more in other areas of China, Asia-Pacific and North America, according to Richard Huang, CEO of the company.