Chinese firm YanRong Tech bags a $19 million funding in its Series A+

Feb 04, 2021


China's next-generation cloud storage solutions developer YanRong Tech has closed a 120 million yuan ($19 million) funding in its Series A+ round led by Oceanpine Capital, per a company statement.

Existing investor Glory Ventures, a deep-tech VC firm, also joined the current round. Technology-focused Winsoul Capital facilitated the transaction. YanRong Tech plans to use the corpus to develop its technology, products, service supports, markets and partnerships.

Founded in 2016, with the mission of Drive Future Storage, YanRong is committed to improve the capability of enterprise data centers through the next generation of cloud storage technology, providing enterprises with a high-performance, agility and low-cost innovative storage solution.