EasyStack, a Beijing, China-based OpenStack open source cloud enterprise, closed a $50m Series C funding.
The round was led by Cash Capital with participation from several RMB funds.
The company intends to use the funds primarily on the research and development of core open source technologies, eco-investment of the open source cloud enterprises solution, and team building of the enterprise cloud services.
Founded in February 2014 by Xilun Chen, CEO, and the core team of IBM China R&D Center, EasyStack provides Asia-Pacific based enterprise clients with an OpenStack cloud computing and package solution including public cloud, private cloud, hosted cloud and hybrid cloud platform.
Currently, the company’s portfolio includes ESCore, ESCloud, ESCloud+, ESCaaS, ESRoller, and ESHybrid, which have been provided to over 100 large-sized enterprise clients operating in the telecommunication, financing, energy, manufacturing, government, education and the emerging industries such as internet financing and e-commerce.
Clients include China Mobile, China Telecom, The State Grid, Postal Savings Bank of China, China UnionPay, CIB Fintech, Rural Credit Banks Funds Clearing Center, Guotai Junan Securities, Lenovo Group, TCL, Tsinghua University and Tianhe Cloud.