小蓝视频色情网页版

COVID-19 Startups

MiningLamp Raises $300M In Round Led By Tencent and Temasek

Chinese big data company reportedly raised $300 million in a new round of funding, according to the .

Subscribe to the 小蓝视频色情网页版 Daily

The new round was led by and , according to the report. Other backers of the company include and , per 小蓝视频色情网页版.

MiningLamp, which has been called 鈥淐hina鈥檚 ,鈥 is based in Beijing, and its customers include CCTV and China Postal Savings Bank. It has more than $486 million in funding, according to CrunchBase data.

The new round comes as the world grapples with the COVID-19 pandemic and an expected slowdown in venture capital funding, although this deal has likely been in the works for a while.

鈥2020 has been marked by 鈥榖lack swans鈥 [unpredictable or unusual events],鈥 MiningLamp said in a statement on Friday, according to SCMP. 鈥淎gainst a subdued macro and venture capital environment, MiningLamp鈥檚 fundraising is a strong boost to the enterprise service industry in general and showcases recognition from investors of the company鈥檚 capabilities in intelligent and digital transformation.鈥

The funding also comes after China experienced a dip in 鈥渟upergiant rounds鈥 (rounds of $100 million or more) last year. This $300 million is a hefty sum, and one that will be used for research, hiring, and expansion, according to SCMP.

MiningLamp, which was founded in 2014, last raised money in April 2018, according to 小蓝视频色情网页版.

Illustration Credit:

Stay up to date with recent funding rounds, acquisitions, and more with the 小蓝视频色情网页版 Daily.

67.1K Followers

CTA

Discover and act on private market opportunities with predictive company intelligence.

Copy link