Data and privacy services provider Beijing Sudo Technology has garnered 308 million yuan ($487million) in its pre-Series A and A rounds of financing, per a company statement on Wednesday.
The round was jointly led by GGV Capital, state-backed Shenzhen Capital Group and Shanghai AI Industry Fund. Existing investor Sequoia Capital China joined the round.
Other backers include Huagai Capital, J Ventures, Ligong Chuangdong, and Ally Capital.
Sudo plans to use the proceeds to advance its IT infrastructure and for commercialisation. Sudo’s clients include Industrial and Commercial Bank of China, China UnionPay, Bank of Beijing, Unicom Digital Tech, among others.
CHINA DEAL MONITOR
DealStreetAsia has also put together a table listing out all prominent venture capital transactions in the Greater China region from November 29-December 01, 2021.
