Kingsoft Cloud, the cloud services provider spun out of China-based office software provider Kingsoft, has received $200m in funding from FutureX Capital and its parent company, Reuters reported today.
Each investor has subscribed to 115 million series D preferred shares, indicating the capital will be added to the $300m in series D funding Kingsoft Cloud raised from Kingsoft, Liyue Investment and China Minsheng last month.
Kingsoft Cloud provides cloud storage services for enterprise clients through data centres established in several large Chinese cities as well as in North America.
Prior to the December funding, which reportedly valued Kingsoft Cloud at $1.9bn, it had secured $50m in a mid-2016 series C+ round led by China Merchants Securities at a $1.1bn valuation.
Consumer electronics manufacturer Xiaomi had invested $1.8m in Kingsoft Cloud in 2012 before individual investor Yuri Milner supplied $20m the following year.
Kingsoft Cloud raised $66.6m in series B funding from Kingsoft, Xiaomi and IDG Capital, then an affiliate of IT media company International Data Group, in 2015. Kingsoft and IDG returned for a $60m series C round also featuring an associate of China Asset Management in early 2016.