On September 19, the three-day scientific and technological feast of the World Artificial Intelligence Conference 2018 ushered in a successful conclusion. On the closing day of the Conference, DaoCloud held a press conference on strategic upgrading and B-round financing, and shared with many participants another major milestone of the company. On the basis of over-100-million-yuan financing at the beginning of the year, DaoCloud successfully completed its over-100-million-yuan B-round facing strategic investment institutions. This good news, I believe, was not only a strong boost to the development of DaoCloud, but also gestated the affirmation and expectation of China's capital market on its trillion-Yuan enterprises in the digital market scale.
Three-day World Artificial Intelligence Conference
DaoCloud announced its acquisition of the over-100-million-yuan B-round financing, which was led by TIANFU TECH, a platform subsidiary of Tianfu Group, and Marathon Venture Partners, followed by Sky9 Capital and participated by Aeternam Stella Financial Holdings, F & H Fund Management Pte Ltd., Huatai Securities, Puhua Capital and Convergence Capital.
DaoCloud Management Team
Since its inception in 2014, over four years of development, DaoCloud has established an ecosystem with hundreds of thousands of developers, technology R&D and delivery teams with hundreds of members, hundreds of large and medium-sized corporate customers and growing strategic partner ecology and channels. It is committed to providing enterprises with perfect cloud original technology products and solutions needed for digital transformation, and have successfully helped customers such as SPDB, SAIC, Dongfeng Automobile, Golden Arch (formerly McDonald's), Shanghai Stock Exchange, Bank of Guangzhou, Haier Group and Shanghai Electric to settle around original technology products and solutions through its active innovation and layout in industries of finance, automobile, manufacturing, retail and government affairs, covering AI innovation scenarios of financial technology, intelligent manufacturing, smart stores and networked automobiles in the new era.
Speech Given by Dr. Mi Zhenshu, President of TIANFU TECH
Dr. Mi Zhenshu, President of TIANFU TECH, said: "TIANFU TECH is much honored to be the leader of DaoCloud's B round financing. We have full confidence in DaoCloud. Under the background of China's urgent need for industry-wide digitization enabling, DaoCloud has sufficient technical reserves in container technology and hybrid cloud, and Tianfu will make full use of the power of capital to welcome the birth of a leader in a new field, which is also China's own new brand of science and technology. We hope that DaoCloud will develop the digitized and broad commercial market through self-research technology, help Chinese enterprises to gain a firm foothold in the wave of digitalization and lead the development of science and technology in China to a commanding height.
Left to right: Dr. Mi Zhenshu, President of TIANFU TECH, Dao Cloud's CEO Chen Qiyan, Dao Cloud's CFO Guo Jie
Chen Qiyan, founder and CEO of DaoCloud, could not conceal his ambition for the company's future development at the launch. He said that the company's next development strategy would focus on the following three aspects:
Firstly, we should adhere to the route of independent and controllable technology and increase the integration of independent and controllable technology and open source technology. As a leading enterprise of cloud original technology in China, we should help enterprises and governments to control digital transformation by innovative technology. Relying on the developer platform under Daoke University, transformation laboratory and CNCF training and certification system, we should continuously transmit innovative technology to enterprises' technology teams, so that the force of technology can truly enter the frontline of digital transformation of all walks of life in our country through the enablement mode of preaching, teaching and dispelling doubts.
Secondly, relying on mature cases in fields of financial technology, industrial manufacturing, smart cars, retail outlets, urban brain, etc., we should further extend horizontal and vertical coverage of products. Our horizontal product capabilities have been extended to the design, development, process, architecture, maintenance and operation of digital applications, having become the only enterprise that can provide escort and complete solutions for products within the whole life cycle of enterprise transformation in the field of digital transformation; our vertical product capabilities will be extended to AI scenarios and break through barriers of AI application and cloud after Internet, Internet of Things and big data application.
Thirdly, focusing on the ecosystem of hybrid digital cloud and based on integration of our own product service capabilities in the field of hybrid cloud and digitization together with our strategic partners including Lenovo Group, Huaxintong and Digital China, we will develop from the stage of simplification scheme construction to the stage of simplest ecological construction. Today, the trillion-Yuan enterprise-level market digital revolution has opened its arms to us. How to energize understanding and practice of those of us who pioneer digital technology with our peers and share success with each other is the core enterprise value on which we all agree.
After Round-B financing, DaoCloud will actively lay out AI ecology and integrate cloud native technology with AI in order to build end-to-end cloud operating systems for enterprises in rapid deployment, deep learning and other application scenarios, achieve connection between digital super-large-scale computing capabilities and AI and greatly improve the efficiency of AI operation.
As a platform subsidiary company of Tianfu Group, upholding the concept of "keeping science and technology one step ahead", TIANFU TECH will continue to develop more innovative businesses and rely on its parent company's high-quality resources in order to further enhance the core competitiveness, business performance and business value of customers and help the development of SMEs through investment and integration of resources, innovative services and leading information technology support.
