Data tech company XSKY closes RMB 400 million Series F funding round with Source Code Capital participation

源码资本·December 8, 2021·0·1

Data Evergreen

XSKY (Beijing Data Technology Co., Ltd.) recently announced the completion of its Series F funding round, raising 400 million yuan. The round was joined by Source Code Capital and Yunhui Capital. Following its Series E equity financing announced in September this year, XSKY has now raised over 1 billion yuan in total funding in 2021.

"Software-Defined" Powers a New Transformation in the Real Economy

On November 30, the Ministry of Industry and Information Technology released the 14th Five-Year Plan for Software and Information Technology Services Development, which laid out a clear strategic roadmap for the software industry over the next five years and set high expectations for its role: "Software is the soul of new-generation information technology, the foundation of digital economic development, and a critical underpinning for building a strong manufacturing nation, a strong cyber nation, and a digital China. Developing the software and information technology services industry is of great significance for accelerating the construction of a modern industrial system." The plan also, for the first time, emphasized that "software-defined" approaches expand product functionality, transform value creation models, catalyze new manufacturing paradigms, and equip enterprises with new capabilities and infrastructure flexibility.

A "Little Giant" on the Storage Track

XSKY was named in the list of third-batch specialized, refined, distinctive, and innovative "little giant" enterprises published by the Ministry of Industry and Information Technology on July 23, 2021. The company has applied for and obtained 390 proprietary intellectual property rights, including approximately 70 core algorithm patents. It has led or participated in formulating national and industry standards for cloud storage resource management and distributed storage, and is a member of more than ten international and domestic technical organizations. XSKY's software-defined storage (SDS) technology and industry ecosystem development talent training program has been incorporated into the industrial talent training system of the Ministry of Industry and Information Technology's Talent Exchange Center.

Continuing to Increase Investment in R&D

Guided by the 14th Five-Year development plan, the market has shown strong recognition of the software-defined storage segment. XSKY will use the proceeds to further increase core technology R&D investment, build integrated core capabilities across the industry chain, and strengthen its service capabilities for key industry customers and scenarios.

Going forward, XSKY will continue to deepen its presence in the massive data infrastructure market, inject new momentum into next-generation data infrastructure, and — with "evergreen data" as its mission — strive to become a globally leading data infrastructure technology platform provider.