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Chinese APM service provider Tingyun bags RMB 400M in Series C round
Tingyun, a Chinese application performance management (APM) service startup announced that it has gained RMB 400M ( about $57 million) in Series C fundraising, with the investors including CICC Capital's sub-fund CICC Fengtai, Plum Ventures, CUAM, etc.
Founded in 2007, the company provides enterprises in various industries with a full-stack real-time big data intelligent monitoring platform covering the client, network and server side. And it focuses on data acquisition, user experience analysis, software performance monitoring. Meanwhile, it can make full use of artificial intelligence technology for data analysis.
As the earliest batch of vendors to enter the APM field, Tingyun stands out from other companies in China with strong technical background, perfect solutions, excellent service capability and comprehensive product system, which leads the APM industry in China. In addition, Tingyun has been the only Chinese brand selected as a niche player in Gartner's Magic Quadrant for APM for the last three years.
The funds will be mainly used to layout its further research and development, to strengthen and upgrade data collection, develop more effective solutions tailored to various sectors and improve its artificial intelligence for IT operations (AIops) performance.