China-based data analytics technology developer Juhe.cn, backed by e-commerce company JD.com, has obtained RMB360m ($52m) in a series C round led by private investor Qiu Jianqiang Qiu, China Money Network reported today.
The round also featured Tahoe Venture and unnamed existing shareholders. JD.com took part in a $34m series B round in November 2015 led by China Media Capital with participation from other unnamed backers.
Incorporated in 2011, Juhe operates a cloud-based data platform that offers analytics tools through application programming interfaces (APIs), which enable developers to easily integrate the technology into their own software. The company claims to have 600,000 users.
The money will allow Juhe to improve its customer support, boost research and development activities and expand its supplier network.
The company has partnered a range of companies in China, including JD.com, internet companies Tencent and Baidu as well as ride-hailing app provider Didi Chuxing. Details about Juhe’s series A round have not emerged.
Zuo Lei, founder of Juhe, said: “Big data is a market worth trillions of renminbi. We will focus on providing transactions and services to mobile internet, online-to-offline, live video streaming and artificial intelligence operators going forward.”