Kyligence, a China-based data analytics platform developer which counts networking technology producer Cisco as an investor, completed a $70m series D round yesterday led by SPDB International, an investment banking subsidiary of Shanghai Pudong Development Bank.
Eight Roads Ventures, a venture capital subsidiary of financial services and investment group Fidelity, also participated, as did Shunwei Capital, Redpoint China Ventures, CICC Capital, Gopher Asset Management, Shanghai Growth Capital, Jumbo Sheen Group, Puxin Capital and Alpha Square Group.
Kyligence’s big data analytics software enables businesses to develop and manage their data services on-premises or via the cloud. It has also developed an open-source online analytical processing engine called Apache Kylin.
The funding will be used for global expansion and research and development. Kyligence was founded in 2016 with an undisclosed amount of funding from Cisco and Redpoint Ventures before closing an $8m series A round featuring China Broadband Capital and Shunwei Capital in 2017.
The company graduated from software producer Microsoft’s Accelerator Shanghai programme the same year. Eight Roads led a $15m series B round for Kyligence in 2018 that also featured Cisco, Redpoint Ventures, China Broadband Capital and Shunwei Capital.
Kyligence then picked up $25m for an early 2019 series C round led by fund manager Coatue Management and backed by Cisco, Eight Roads, Redpoint Ventures and Shunwei Capital.