Kyligence announces US$15 million investment

Kyligence, a Shanghai-based data analysis firm, announced they will raise US$15 million in the latest round of financing, the company said on Friday.

It’s the third investment round since Kyligence was founded in 2016, representing investors’ “high expectations for new technologies," Luke Han, founder and chief executive of Kyligence said.

The local startup, now serving clients including China Unionpay, China Telecom, Huawei, Oppo and SAIC-GM, plans to increase investment in product research, international community establishment and expansion in overseas markets including the United States and Europe, Han said.

The investment was led by Eight Roads of Fidelity International, with other investors including Redpoint, Cisco, China Broadband Capital and Shunwei Capital.

At present, Kyligence products are used in finance, telecommunications, manufacture, and retail industries.