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

Cardinal Operations Overview

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

ChinaBeijing

Website

shanshu.ai

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

Cardinal Operations valuation by funding round
DateStageValuation
Mar 2023Series 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

Cardinal Operations funding rounds
DateStageInvestorsRaisedValuation
Mar 2023Series CChina Development Bank Capital (lead); Guangzhou Yuexiu Industrial Investment Fund (lead)$73M$726M
Jan 2022Series BXiangfeng Capital; Huaying Capital; OCBC Bank; Harvest Fund Management; Weicun Zhike Investment Management$16M-
Aug 2020Series AVertex Ventures China (lead)$14M-
Feb 2018Series APagoda Investment (lead); Lenovo Capital and Incubator Group (LCIG); Jiangmen Venture Capital$6M-
Aug 2016AngelZhenFund (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

Investors in Cardinal Operations by funding rounds participated
InvestorHQRoundsRoleFirst check
ZhenFundChinaBeijing1LeadAug 2016
Xiangfeng CapitalChinaChina1ParticipantJan 2022
Huaying CapitalChinaShanghai1ParticipantJan 2022
Northern Light Venture CapitalChinaBeijing1ParticipantAug 2016
China Development Bank CapitalChinaBeijing1LeadMar 2023
OCBC BankSingaporeSingapore1ParticipantJan 2022
Guangzhou Yuexiu Industrial Investment FundChinaGuangzhou1LeadMar 2023
Lenovo Capital and Incubator Group (LCIG)ChinaBeijing1ParticipantFeb 2018
Harvest Fund ManagementChinaBeijing1ParticipantJan 2022
Vertex Ventures ChinaChinaBeijing1LeadAug 2020
Pagoda InvestmentChinaBeijing1LeadFeb 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

Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.

Start Free Trial

Cardinal Operations Competitors

Cardinal Operations competitors include listed companies like Happiest Minds Technologies, Clarivate and Appen, and private ones like EcoVadis, Pigment and Aera Technology.

Public and private companies comparable to Cardinal Operations
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
EcoVadisFranceParisPrivate$115M-$1B8.7x
PigmentFranceParisPrivate$100M-$1B10.0x
Happiest Minds TechnologiesIndiaIndiaPublicly listed$241M$43M$514M1.9x
ClarivateUnited KingdomUnited KingdomPublicly listed$2.5B$829M$1.2B2.2x
Aera TechnologyUnited StatesSan Francisco, CAPrivate--$330M-
AppenAustraliaAustraliaPublicly listed$231M$9M$199M0.6x

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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Similarweb$283M($15M)2.5x2.3x(48.6x)26.2x
WingArc1st$199M$70M3.5x3.3x10.0x10.5x
Cognyte Software$400M$21M1.5x1.4x27.6x9.8x
Vector$410M$67M1.3x1.2x7.9x7.5x
Beijing Join-Cheer$386M$11M1.9x-68.9x-
Plus Alpha Consulting$110M$36M4.2x3.8x12.9x9.4x
Latent View Analytics$111M$27M4.4x4.0x17.8x18.2x
Roma Green Finance$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.

See companies similar to Cardinal Operations

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial