# 99cloud

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/99cloud

- Industry: Software
- Headquarters: Huzhou, China
- Website: www.99cloud.net
- Total disclosed funding: $23M
- Latest round: Series B (Oct 11, 2017)
- Investors on record: 3

## About

Founded in 2012 and based in Shanghai, China, 99cloud operates as a cloud computing company that focuses on providing cloud computing service based on OpenStack. Zhongwei Wang, the company's COO, graduated from Fudan University and has served as Ericsson's sales director and Nokia Siemens Networks general manager. It cooperated with Intel, Aliyun, China Telecom, and other enterprises. The company has branch offices in Beijing, Shanghai, Guangzhou, Chongqing, and other cities. In June 2020, 99cloud closed a strategic investment. In 2022, the company was recognized as the Zhejiang High-tech Enterprise Research and Development Center.

The company's main business is cloud computing services based on OpenStack. The main businesses include cloud security, public cloud, private cloud, large-scale integration projects, etc. It provides enterprise private cloud, public cloud construction and operation and maintenance services, as well as consulting, design, deployment and operation and maintenance services.

The company generates revenue by providing cloud computing service based on OpenStack.

## Funding rounds

- Series B, Oct 11, 2017, $23M — TEDA Venture Capital, Huashan Ruilian Fund Management, Huijin Capital

## Investors

- TEDA Venture Capital (https://capitalatlas.ai/funds/teda-venture-capital) — Series B
- Huashan Ruilian Fund Management (https://capitalatlas.ai/funds/huashan-ruilian-fund-management) — Series B
- Huijin Capital (https://capitalatlas.ai/funds/huijin-capital) — Series B