99cloud Receives Venture Capital Investment from Intel Capital

99cloud Inc., a Chinese provider of OpenStack-based solutions, received a venture capital investment from Intel Capital.

The amount of the deal was not disclosed. The investment is part of a total commitment of  $67m Intel Capital made in eight Chinese technology companies.

Based in Shangai, 99cloud provides OpenStack-based solutions, including front-end optimization, core framework optimization, backend optimization and hyper-converged AIO solutions. It also offers operation support and professional education and certification.
Clients include emoney, Intel, Sky mobi and Wanxiang Group.



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