Cloud data management vendor eCloud Tech closes 100-million-yuan Series B round, redefining China's data backup market
A domestic leader in the CDM (Copy Data Management) space, providing enterprises with full-lifecycle data asset management.
Recently, CloudData Technology announced the completion of a Series B financing round of over 100 million RMB, led by SIG Asia Investments with participation from multiple new and existing shareholders. Gaorong Ventures had previously invested in CloudData's Series A+ round in 2020.
Founded in 2015, CloudData Technology provides Cloud Data Management (CDM) products for enterprise modern data infrastructure, and is a domestic leader in the CDM space.
Amid the dual opportunities of digital transformation and domestic technology adoption, industries across the board are undergoing digital transformation and change. Data backup technology carries far richer implications than merely using backup data for disaster recovery.
Copy Data Management (CDM), as a digital technology, is ending the era of traditional backup used solely for disaster recovery and beginning its evolution in the digital age. By building a modern data management foundation through CDM technology, enterprises can achieve full lifecycle data asset management, using copies as a common thread to connect both stable and agile IT capability domains, improving the experience of data-connected applications, and accelerating digital transformation.
CloudData's self-developed product, eCloud Data Master, provides end-to-end coverage of full-lifecycle data asset management spanning "data protection, data management, and data services." While fully replacing international traditional backup vendors such as Veritas and CommVault, it unlocks enterprise dark data, achieves integration of data operations and development, and coordinates data protection with governance — building a data foundation for enterprise digital transformation. It delivers a smartphone-like data application experience, helping enterprises shift from "Collect" (where applications gather data) to "Connect" (where data connects applications).
Within one year of its previous financing round, CloudData's CDM products have gained broad recognition in the large enterprise market, winning over multiple Fortune 500 benchmark clients across industries including Bank of Communications, Bank of Beijing, Bank of Hangzhou, Guangdong Rural Credit Union, Huatai Securities, Futures Market Surveillance Center, China Mobile, and China Unicom — partnering with these enterprises to advance backup modernization and digital transformation.
CloudData CEO Bing Zhang stated that this financing round will primarily fund CDM technology R&D, aiming to build world-class CDM products rooted in China's information technology innovation ecosystem. The company will also focus on five key industries — financial services, telecom operators, high-end manufacturing, energy, and government — accelerating expansion in the high-end enterprise market and driving industry digital transformation through data.
A Gaorong Ventures project lead commented: "CDM technology has been one of the most closely watched directions in storage and data management in recent years. Its momentum is undeniable from both a technology development and financing perspective — several unicorn startups have already emerged in just a few short years. Starting from data protection and extending to full-lifecycle data management through data services, CDM technology lays the data foundation for enterprise digital transformation. CloudData's elite team combines professional technical expertise, rich industry experience, and outstanding innovation capabilities. Its future prospects are highly promising."
