In China, big data is typically dominated by commerce-driven internet giants, however a new type of player is entering the field, and they’ve got a lot of coins to spend.

iCarbonX (碳云智能), a six-month old biotech startup that raised a 1 billion RMB (about $154 million USD) round of Series A funding, boosting the Shenzhen-based company to unicorn status with a valuation of $1 billion USD.

“We want to digitize everyone’s life data…to improve everyone’s quality of life,” said Jun Wang, the CEO of iCarbonX, in an interview with Chinese tech media NetEase Tech, which announced iCarbonX’s funding news on Monday (link in Chinese).

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Eva Xiao

Eva Xiao is a tech reporter based in Shanghai. Contact her at eva.xiao@technode.com or evawxiao (wechat & twitter).