China-based networking technology startup Hangzhou Clounix Technology has secured a total of about RMB400m ($62.6m) across two rounds, from investors including cloud services provider Inspur Group, DealStreetAsia reported on Wednesday.
The sizes of the individual rounds have not been disclosed but Inspur participated in an angel round led by venture capital firm Qiming Venture Partners.
The state-owned China Internet Investment Fund led the company’s pre-series A round, which was backed by Qianhai FOF, GoldenSand Capital, Sunic Capital, Shanghai Lingang Innovation, Spinnotec and Ondine Capital.
Founded in late 2020, Clounix is developing high-performance customisable chips and cloud software for use in networking. It said its chip architecture is designed to overcome issues like a lack of independent network chips.
The proceeds from the rounds will be allocated to strengthening research and development, increasing headcount and commercialising the company’s products.
