China-based data analytics technology provider Juhe.cn has closed a series B round at $34m featuring e-commerce company JD.com, China Money Network reported today.
China Media Capital led the round, while other unnamed China-based firms and angel investors also participated.
Juhe provides developers with a set of data analytics tools through application programming interfaces (APIs) that enables programmers to easily integrate the tools into their own software. The company claims to have 350,000 users.
The capital will go towards further development of Juhe’s offering as the company gears up for a domestic initial public offering.
Chen Hang, president of China Media Capital, said: “With the advent of big data era, the volume of data is increasing exponentially. Independent third-party companies with big data analytics capabilities will be a key player in the industrial ecosystem of the future.”
Details about Juhe’s previous funding rounds are not available.