China-based hyper-converged IT infrastructure technology developer SmartX has secured almost RMB100m ($14.9m) in a series B round that included computing equipment manufacturer Lenovo, China Money Network reported yesterday.
Lenovo, which invested through its Lenovo Capital unit, participated alongside venture capital firm Matrix Partners China, which led the round, as well as VC fund F&G Venture and private equity firm Banyan Capital.
Founded in 2013, SmartX is working on hyper-converged infrastructure technology that enables businesses to integrate various hardware and software technologies such as computing, storage and networking in a single place.
The company intends to invest the series B cash in upgrading its marketing capabilities and establishing a research and innovation centre in North America.
Banyan Capital had previously supplied an eight-figure renminbi amount for series A funding for SmartX in 2015, according to China Money Network.