Sequoia Capital China led a $17m series B funding round in Tungee.

Sequoia Capital China, a venture capital company, led a $17m series B funding round in Tungee, a SaaS platform, with participation from Qiming Venture Partners. "The B2B market plays an increasingly important role in the development of the Chinese market. Since the traditional B2B marketing model has been difficult to achieve breakthroughs, companies will pay more attention to the new opportunities brought by sales intelligence. Especially with the continuous increase of unclassified Chinese enterprise data and the rapid development of AI technology, the scenario-specific application of data intelligence in the B2B market will become more and more popular. Tungee is currently a leader of this field in China, and we are very optimistic about its future prospects," Jia Zhai, Sequoia Capital China Managing Director.