Cloud Service UCloud Bags Landmark Series C Funding for Data Center Construction

Chinese cloud service provider UCloud announced today that it has landed nearly US$100 million of Series C financing led by Legend Capital with the participation of VMS Legend Investment Fund, DCM, Bertelsmann and GX Capital.

This is largest capital injection in China’s IaaS (Infrastructure as a Service) sector so far. The company had previously received Series A financing in 2013 and a US$50 million B Round in June 2014.

UCloud disclosed this funding will be used in software development, big data and recruitment. A recruitment drive headed by company CEO Ji Xin is on its way to the U.S. for leading talent, the firm added.

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