Cloudchef Secures B+ Round Funding from BAI, Continuing to Lead the Cloud Management Market
Published: 2020-04-17
On April 9, Cloudchef, a leading cloud management software and service provider, announced the completion of its B+ round of financing, exclusively invested by BAI (Bertelsmann Asia Investments). This marks the second funding round completed by Cloudchef within three months, following the announcement of a 50 million RMB B round investment from Hundsun Technologies and Tsing Capital. The cumulative B round financing has exceeded ten million US dollars, with China Renaissance Alpha serving as the exclusive financial advisor for this round.
BAI (Bertelsmann Asia Investments) commented: With the rapid development of cloud computing, Chinese enterprises' demand for cloud management platforms is increasingly rising, and next-generation cloud management platforms will become a standard component for large and mid-sized enterprises. The Cloudchef team has years of R&D experience in the cloud computing field, with outstanding product and technical capabilities. In the future, the company will extend from hybrid cloud management to the broader IT operations domain, empowering and enhancing enterprise efficiency at the most foundational level. At the same time, Cloudchef is actively expanding into international markets, where it will achieve breakthrough growth in the future. Cloud infrastructure is an important component of China's 'New Infrastructure' initiative.
The 'New Infrastructure' initiative, characterized by its networked, digital, and intelligent features, is further driving exponential growth in market opportunities across network infrastructure, base stations, and cloud computing. As an important component of New Infrastructure, cloud infrastructure construction stands at a pivotal moment. Industries across the board are rushing to adopt cloud to pursue digital transformation, with increasing investment in cloud infrastructure. Enterprises' traditional IT resources are transitioning to cloud-based resources, accelerating business innovation through cloud adoption, while dispersed data centers are gradually evolving into large-scale centralized data centers, with management complexity under new IT architectures rising exponentially.
Cloudchef is a leading cloud management software and service provider, dedicated to building a "Cloud Services + Cloud O&M + Cloud Operations" trinity multi-cloud management platform. The company helps enterprise customers build unified cloud service systems that integrate heterogeneous resources, achieve high automation, and deliver intelligent management, supporting enterprise digital transformation. To date, Cloudchef has powerfully driven hundreds of enterprises to comprehensively improve IT management capabilities, serving industries including finance, government, energy, healthcare, education, high-end manufacturing, and the internet.
Since its establishment, Cloudchef has always adhered to a highly product-oriented strategy, continuously investing in product R&D to deliver sustained value to users. With its powerful visual service orchestration, BPMN process engine, and low-code capabilities, Cloudchef SmartCMP encapsulates any IT resource or operations task into standardized services, enabling self-service requests and automated delivery of various ITaaS (IT as a Service). SmartCMP provides a one-stop experience from service orchestration design, self-service requests, comprehensive monitoring, rich alerting strategies, self-service operations, to policy-based automatic reclamation.
Fang Li, founder and CEO of Cloudchef, stated: "Cloudchef is a technology-driven company. We are deeply committed to the cloud management field and aspire to become the management cornerstone for enterprise digital transformation. We are very optimistic about the enormous opportunities in IT management in the era of cloud computing and the New Infrastructure wave. Following this funding round, we will increase investment in product development and market expansion, continuously extend the SmartCMP platform's capabilities in the IT management domain, and further consolidate our industry-leading position."
Zhou Xiang, Managing Director at China Renaissance Capital, commented: "As the wave of enterprise digital transformation advances and cloud computing technology matures, enterprises' awareness and demand for cloud management continue to strengthen. The Cloudchef team possesses industry-leading capabilities with deep professional expertise and industry experience in IT platform management, architecture cloudification, and technology R&D. We are honored to continue serving the company and witnessing its growth. We look forward to providing more capital support for enterprises and industries in the market opportunity of IT resource cloudification."
About Cloudchef
Cloudchef (Shanghai Qianyun Information Technology Co., Ltd.) is a leading provider of cloud management and IT operations solutions in China. With its core product SmartCMP, Cloudchef helps enterprises manage hybrid and multi-cloud environments efficiently through a unified platform that integrates ITSM, CMDB, FinOps, observability, and automation capabilities. Cloudchef serves a wide range of industries including finance, telecommunications, energy, and government, empowering organizations on their digital transformation journeys with innovative, secure, and reliable cloud operations solutions.