Announced
Completed
Financials
Sources
Tags
Digital Services
Cross Border
cloud computing
Minority
Venture Capital
Friendly
Completed
Acquisition
China
Private
Private Equity
cloud data
Synopsis
Tencent led the $279m Series C round in Enflame, a Shanghai-based AI cloud computing startup. Additional investors include Yun He Capital, YTI Capital, CITIC Private Equity Funds Management, CICC Capital, Primavera Capital, Redpoint Ventures China, and SummitView Capital. “Traditional data centers are not directly related to AI, while now data centers are increasingly introducing AI acceleration platforms. We expect the penetration rate of AI technology to jump to 25% to 30% from the current 5%, with a very large market size in the future,” Zhao Lidong, Enflame CEO.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.