# Shanghai Qiniu Information Technology Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/shanghai-qiniu-information-technology-co

- Industry: Software
- Headquarters: Shanghai, China
- Website: www.qiniu.com
- Total disclosed funding: $392M
- Latest round: Series F (Jun 16, 2020)
- Investors on record: 12

## About

Based in Shanghai, China and founded in 2011 by Hugh Lv and Xu Shiwei, Shanghai Qiniu Information Technology Co., Ltd., also known as Qiniu Cloud, is a Data PaaS (DPaaS), PaaS and Media PaaS (MPaaS) cloud computing service provider, offering loud storage, CDN (Content Delivery Network), and data processing services. The company has over 528 employees and serves over 63000 customers, covering 90% of domestic netizens as of December 2020. In 2020, Qiniu Cloud completed series F funding from new investors such as Bank of Communications International Trust, China Structural Reform Fund Co., Ltd., and Shenzhen Qianhai Hongzhao Fund Management. In 2021, the company filed for an IPO to raise USD 100 million. In June 2023, Qiniu filed for an IPO on Hong Kong Stock Exchange.

The company provides services in file storage, CDN, video on demand and interactive live broadcasts such as short video SDK, live video PILI and live broadcast Geek. Qiniu Cloud also provides a multimedia data storage platform (Kodo), data analysis platform (Pandora) and cloud abilities such as cloud hosting, load balancing, DDoS protection system and cloud SMS. Furthermore, the company offers scenario-based solutions such as short video solutions (PLSV) and edge storage solutions as well as industry-based solutions to the manufacturing, financial, education and e-commerce sectors. The company uses the Go programming language for the construction of core PaaS capabilities in cloud computing, audio and video fields, as well as R&D of data leaks and data analysis products. Additionally, the company also provides a visual data analysis platform for content review, face verification and automatic ticket recognition OCR among product portfolios.

For the year ended December 2020, the company's revenue was USD 0.17 billion.

The company plans to list on the Hong Kong Stock Exchange.

## Funding rounds

- Series F, Jun 16, 2020, $141M — Qianhai Hongzhao Fund Management, Bocom International Trust, China Structural Reform Fund Co., Ltd.
- Series E, Aug 28, 2017, $150M — YF Capital, Alibaba Group
- Series D, Jan 25, 2016, $100M — Shanghai Zhangjiang Science & Technology Venture Capital, Titanium Ventures, FG Venture, Harvest Investments
- Series C, Aug 1, 2014 — Qiming Venture Partners, CBC Capital, MPC
- Series B, Jan 1, 2013 — Qiming Venture Partners, MPC
- Series A, Feb 1, 2012 — MPC

## Investors

- MPC — Series A, Series B, Series C
- Qiming Venture Partners (https://capitalatlas.ai/funds/qiming-venture-partners) — Series B, Series C
- CBC Capital (https://capitalatlas.ai/funds/cbc-capital) — Series C
- Shanghai Zhangjiang Science & Technology Venture Capital — Series D
- Titanium Ventures (https://capitalatlas.ai/funds/titanium-ventures) — Series D
- FG Venture (https://capitalatlas.ai/funds/fg-venture) — Series D
- Harvest Investments (https://capitalatlas.ai/funds/harvest-investments) — Series D
- YF Capital (https://capitalatlas.ai/funds/yf-capital) — Series E
- Alibaba Group — Series E
- Qianhai Hongzhao Fund Management (https://capitalatlas.ai/funds/qianhai-hongzhao-fund-management) — Series F
- Bocom International Trust — Series F
- China Structural Reform Fund Co., Ltd. — Series F