Cloudwise, a China-based performance management software provider backed by securities trading and technology firm Susquehanna International Group (SIG), has secured $25m in series D funding.
Growth capital firm WestSummit Capital led the round, which included Tsing Ventures, Zhejiang SilkRoad Fund and Sequoia Capital China, and which took the company’s total funding to more than $81m.
Founded in 2009, Cloudwise has developed artificial intelligence-powered software that helps enterprises monitor and manage the performance of their applications and improve the performance of their IT infrastructure.
The company said its customers include internet group Tencent and consumer electronics manufacturers Huawei and Xiaomi. It will use the capital to expand its research and development activities and bolster its sales channels
Private equity firm CBC Capital led a $26m series C round for Cloudwise in mid-2017, investing alongside SIG and Sequoia Partners China.
Cloudwise had secured $3m in series A funding from investors including Gobi Partners in 2013. Sequoia China subsequently led its $15m series B round for the company in 2014 before providing $12.3m in series B-plus funding in 2015.