SmartX, a China-based computing and data infrastructure services provider backed by consumer electronics firms Samsung and Lenovo, has collected a total of RMB200m ($29m) across series B-plus and C rounds, DealStreetAsia reported on Monday.
Singaporean government-owned venture capital unit Vertex Ventures China led the series B-plus round, while the series C was co-led by Tianjin Venture Capital and Hua Capital with participation from F&G Venture. The size of each transaction was undisclosed.
Founded in 2013 and officially called Beijing Zhiling Haina Technology, SmartX offers enterprise software and infrastructure to enable separate data storages to be managed as if they were in a single location – a procedure known as data virtualisation.
The influx of capital is set to deliver more applications and fund improvements to SmartX’s infrastructure offering. SmartX’s target sectors include finance, government, manufacturing, commercial services, energy and education.
SmartX raised an undisclosed sum in 2018 from corporate venturing unit Samsung Ventures and Vertex Ventures China, following a $14m series B round in 2017 featuring Lenovo Capital, a subsidiary of Lenovo, F&G Venture, Banyan Capital and lead investor Matrix Partners China.