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- Cardinal Operations
Cardinal Operations Valuation, Funding & Investors
Cardinal Operations is valued at $726M as of March 2023.
Last Cardinal Operations valuation
$726M
Series C · Mar 2023
Last Cardinal Operations funding round
$73M
Series C · Mar 2023
Cumulative funding Cardinal Operations raised
$111M
across 5 funding rounds
Key investors in Cardinal Operations
ZhenFund
Northern Light Venture Capital
Lenovo Capital and Incubator Group (LCIG)
Vertex Ventures China
Guangzhou Yuexiu Industrial Investment Fund
China Development Bank Capital
About Cardinal Operations
Cardinal Operations is a Beijing-based analytics firm utilizing big data for decision optimization in complex environments. Through its platform at shanshu.ai, the company delivers end-to-end solutions from data ingestion via APIs to predictive modeling with machine learning algorithms, targeting e-commerce, finance, and manufacturing sectors. Cardinal Operations employs proprietary models for scenario simulation and action recommendations, processing petabytes of structured and unstructured data. Founded in 2016, it serves Chinese enterprises like Alibaba affiliates with tools for inventory forecasting and pricing strategies.
Founded
2016
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$726M (Mar 2023)
Cardinal Operations Valuation
Cardinal Operations is currently valued at $726M, based on its Series C in March 2023.
The $73M round was led by China Development Bank Capital and Guangzhou Yuexiu Industrial Investment Fund.
Cardinal Operations valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Mar 2023 | Series C | $726M |
Cardinal Operations Funding History
Cardinal Operations has raised a total of $111M across 5 funding rounds.
Cardinal Operations' first fundraising round was a $2M angel round in August 2016. The most recent completed round was a $73M Series C in March 2023.
Cardinal Operations funding rounds
| Date | Stage | Investors | Raised | Valuation |
|---|---|---|---|---|
| Mar 2023 | Series C | China Development Bank Capital (lead); Guangzhou Yuexiu Industrial Investment Fund (lead) | $73M | $726M |
| Jan 2022 | Series B | Xiangfeng Capital; Huaying Capital; OCBC Bank; Harvest Fund Management; Weicun Zhike Investment Management | $16M | - |
| Aug 2020 | Series A | Vertex Ventures China (lead) | $14M | - |
| Feb 2018 | Series A | Pagoda Investment (lead); Lenovo Capital and Incubator Group (LCIG); Jiangmen Venture Capital | $6M | - |
| Aug 2016 | Angel | ZhenFund (lead); Northern Light Venture Capital | $2M | - |
Who has invested in Cardinal Operations?
13 investors have backed Cardinal Operations across its funding rounds, including ZhenFund, Northern Light Venture Capital, Lenovo Capital and Incubator Group (LCIG), Vertex Ventures China, Guangzhou Yuexiu Industrial Investment Fund and China Development Bank Capital.
Lead investors include China Development Bank Capital, Guangzhou Yuexiu Industrial Investment Fund, Vertex Ventures China, Pagoda Investment and ZhenFund.
Cardinal Operations Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Lead | Aug 2016 | ||
| 1 | Participant | Jan 2022 | ||
| 1 | Participant | Jan 2022 | ||
| 1 | Participant | Aug 2016 | ||
| 1 | Lead | Mar 2023 | ||
| 1 | Participant | Jan 2022 | ||
| 1 | Lead | Mar 2023 | ||
| 1 | Participant | Feb 2018 | ||
| 1 | Participant | Jan 2022 | ||
| 1 | Lead | Aug 2020 | ||
| 1 | Lead | Feb 2018 | ||
This data is available for Pro users. Sign up to see all 13 Cardinal Operations investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialCardinal Operations Competitors
Cardinal Operations competitors include listed companies like Happiest Minds Technologies, Clarivate and Appen, and private ones like EcoVadis, Pigment and Aera Technology.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $115M | - | $1B | 8.7x | ||
| Private | $100M | - | $1B | 10.0x | ||
| Publicly listed | $241M | $43M | $514M | 1.9x | ||
| Publicly listed | $2.5B | $829M | $1.2B | 2.2x | ||
| Private | - | - | $330M | - | ||
| Publicly listed | $231M | $9M | $199M | 0.6x |
Cardinal Operations Public Comps
Cardinal Operations is still privately-owned, but its public comps include Similarweb, WingArc1st, Cognyte Software, Vector, Beijing Join-Cheer, Plus Alpha Consulting, Latent View Analytics, Roma Green Finance, Alexforbes and Lincoln International.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $283M | ($15M) | 2.5x | 2.3x | (48.6x) | 26.2x | |||
| $199M | $70M | 3.5x | 3.3x | 10.0x | 10.5x | |||
| $400M | $21M | 1.5x | 1.4x | 27.6x | 9.8x | |||
| $410M | $67M | 1.3x | 1.2x | 7.9x | 7.5x | |||
| $386M | $11M | 1.9x | - | 68.9x | - | |||
| $110M | $36M | 4.2x | 3.8x | 12.9x | 9.4x | |||
| $111M | $27M | 4.4x | 4.0x | 17.8x | 18.2x | |||
| $1M | ($4M) | 454.5x | - | (145.4x) | - | |||
This data is available for Pro users. Sign up to see all Cardinal Operations competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Cardinal Operations
| When was Cardinal Operations founded? | Cardinal Operations was founded in 2016. |
| Where is Cardinal Operations headquartered? | Cardinal Operations is headquartered in Beijing, China. |
| Is Cardinal Operations publicly listed? | No, Cardinal Operations is a private, VC-backed company. |
| What is Cardinal Operations' valuation? | Cardinal Operations was last valued at $726M in its Series C in March 2023. |
| How much funding has Cardinal Operations raised? | Cardinal Operations has raised $111M across 5 funding rounds. |
| What was Cardinal Operations' last funding round? | Cardinal Operations' last funding round was a $73M Series C in March 2023, led by China Development Bank Capital and Guangzhou Yuexiu Industrial Investment Fund. |
| Who are Cardinal Operations' investors? | Cardinal Operations' investors include ZhenFund, Xiangfeng Capital, Huaying Capital, Northern Light Venture Capital, China Development Bank Capital, OCBC Bank, Guangzhou Yuexiu Industrial Investment Fund, Lenovo Capital and Incubator Group (LCIG), Harvest Fund Management, Vertex Ventures China and 3 others. |
| Which companies are comparable to Cardinal Operations? | Companies comparable to Cardinal Operations include EcoVadis, Pigment, Happiest Minds Technologies, Clarivate, Aera Technology and Appen. |
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