Chenhui Leads $21M Round In Chinese Cloud Exchange Network Firm Syscloud

Chinese investment firm Chenhui Venture Partners has led a RMB150 million (US$21 million) series A round in Syscloud Technology Ltd, a Suzhou city-based cloud exchange network service provider.

Fortune Capital, state-owned venture capital firm Capitech and Shenzhen-based office supplies company Comix Stationery Co., Ltd. also participated in the round, according to Chinese media reports.

"The cloud exchange market in China is still in early development stage, and there are a lot of innovation and growth opportunities," said Zhang Lei, a partner at Chenhui. "Syscloud's team has great executive ability, and understand the future of cloud interconnection. They have great research advantages in virtual network and smart network."

Founded in 2012, Syscloud develops a cloud exchange platform based on software-defined networking and intercon...

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