Cloudwise Funding, Investors & Competitors

Cloudwise has raised $301M across 7 funding rounds, most recently a $150M Series E in July 2021.

Last Cloudwise funding round

$150M

Series E · Jul 2021

Cumulative funding Cloudwise raised

$301M

across 7 funding rounds

Key investors in Cloudwise

  • HSG
  • SIG China (SIG Asia Investments)
  • CPE
  • WestSummit Capital
  • Gobi Partners
  • CBC Capital
  • Everest Venture Capital
  • CICC Capital

Cloudwise Overview

About Cloudwise

Cloudwise is a full-stack AIOps platform provider dominating the Chinese market for IT operations management. Founded in 2009 and headquartered in Beijing, the company operates R&D centers in Yanjiao and Zhengzhou alongside sales hubs in Shanghai, Guangzhou, Chengdu, Hong Kong, Singapore, Thailand, and Malaysia. Its solutions cover ITOM, ITOA, ITSM, DevOps, and IoT for industries including electric power. Cloudwise supports digital infrastructure monitoring across Southeast Asia, processing massive data volumes for fault prediction and automated remediation.


Founded

2009

HQ

ChinaBeijing

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Cloudwise Funding History

Cloudwise has raised a total of $301M across 7 funding rounds.

Cloudwise's first fundraising round was a $1M Series A in October 2013. The most recent completed round was a $150M Series E in July 2021.

Cloudwise funding rounds

Cloudwise funding rounds
DateStageInvestorsRaisedDeal Summary
Jul 2021Series EHSG (lead); CPE; FutureX Capital; SIG China (SIG Asia Investments)$150M-
Dec 2020Series DCICC Capital (lead); CPE (lead); Guangzhou Yuexiu Industrial Investment Fund (lead); HSG (lead); Lianxing Capital (lead); Zhongnan Capital; V Fund Management$60M-
Mar 2020Series DEverest Venture Capital (lead); WestSummit Capital; HSG; Koala Fund$24MCloudwise is a China-based developer of cloud-based, artificial intelligence-equipped enterprise software founded in 2009 that enables companies to operate and control their IT applications and manage business operations. The company provides intelligent business operation and maintenance solutions across mainland China with operations in approximately 20 cities, serving sectors including finance, energy, advanced manufacturing, and transportation. In March 2020, Cloudwise raised $24 million in a Series D-plus funding round led by venture capital firm Everest Venture Capital, with participation from Sequoia Capital China, WestSummit Capital, Albright Stonebridge Group (ASG), and Lakala Koala Fund. This round brought the company's total cumulative funding past $100 million. The company stated it had achieved an annual revenue growth rate in excess of 100% over the three-year period prior to the funding announcement, though specific revenue figures were not disclosed for the round date. Proceeds from the round were allocated to improve research and development, supply chain, AI development, and maintenance capabilities.
Jun 2019Series DWestSummit Capital (lead); Tsing Ventures; Xiaochang Shuimu Investment; Alpha Square Group; HSG$25MCloudwise is a China-based enterprise software company founded in 2009 that develops artificial intelligence-powered applications for monitoring and managing IT infrastructure and business operations. The company's software helps enterprises control their IT applications and improve infrastructure performance, serving customers including Tencent, Huawei, and Xiaomi across sectors such as finance, energy, manufacturing, and transportation. In June 2019, Cloudwise raised $25 million in Series D funding led by WestSummit Capital, with participation from Tsing Ventures, Zhejiang SilkRoad Fund, and Sequoia Capital China. This round brought the company's total funding to more than $80 million. Cloudwise reported achieving annual revenue growth exceeding 100% over the three years prior to a subsequent Series D-plus round, demonstrating strong business momentum in the enterprise software market.
May 2017Series CCBC Capital (lead); SIG China (SIG Asia Investments); HSG$26MCloudwise, founded in 2009 or 2010 in Beijing, China, is a provider of cloud application performance management (APM) solutions and full-stack Artificial Intelligence for IT Operations (AIOps), including IT Operations Management (ITOM), IT Operations Analytics (ITOA), IT Service Management (ITSM), DevOps, and IoT operations. The company optimizes IT operations for enterprises, electric power, and IoT, with R&D centers in Beijing, Yanjiao, and Zhengzhou, operational centers in Shanghai, Guangzhou, and Chengdu, and branches in Hong Kong, Singapore, Thailand, and Malaysia. It serves customers across banking, insurance, manufacturing, energy, aviation, real estate, and other industries, operating in about 20 cities in mainland China and expanding to Singapore and Hong Kong. In May 2017, Cloudwise raised approximately $26 million (sources vary between $20M and $26M) in a Series C round led by CBC Capital, with participation from SIG (also referred to as SIG China or SIG Asia Investments) and Sequoia Capital China (possibly aligning with HSG or related entities). Post-Series C, Cloudwise continued raising capital, including a $25M Series D in mid-2019 led by WestSummit Capital with Sequoia Capital China, Tsing Ventures, and Zhejiang SilkRoad Fund; a $24M Series D-plus led by Everest Venture Capital; a $60M Series D3 in December 2020 led by Citic Private Equity Funds Management; and a $150M Series E on July 22, 2021, led by Sequoia Capital China (HongShan) with SIG Asia Investments, ASG Technologies Group, Boston Capital Ventures, CPE, FutureX Capital, and others, bringing total funding to $312M across 9 rounds. Funds supported technology development, strategic partnerships, customer service, R&D expansion, and service systems amid China's digital transformation, where the digital economy reached nearly 40% of GDP in 2020. The global AIOps market is projected to grow from $1.73 billion in 2017 to $11.02 billion by 2023. Cloudwise competes in enterprise IT operations software, leveraging big data, AI, and analytics for monitoring, automation, and service desks, positioning it in China's burgeoning digital economy.
Dec 2014Series BHSG (lead)$15M-
Oct 2013Series AGobi Partners$1M-

Who has invested in Cloudwise?

17 investors have backed Cloudwise across its funding rounds, including HSG, SIG China (SIG Asia Investments), CPE, WestSummit Capital, Gobi Partners and CBC Capital.

Lead investors include HSG, CICC Capital, CPE, Guangzhou Yuexiu Industrial Investment Fund, Lianxing Capital and 3 other investors.


Cloudwise Investors

Investors in Cloudwise by funding rounds participated
InvestorHQRoundsRoleFirst check
HSGHong KongHong Kong6LeadDec 2014
WestSummit CapitalUnited StatesSan Francisco, CA2LeadJun 2019
CPEChinaBeijing2LeadDec 2020
SIG China (SIG Asia Investments)ChinaGuangzhou2ParticipantMay 2017
FutureX CapitalHong KongHong Kong1ParticipantJul 2021
CBC CapitalChinaBeijing1LeadMay 2017
Tsing VenturesChinaBeijing1ParticipantJun 2019
Xiaochang Shuimu InvestmentChinaHubei1ParticipantJun 2019
Gobi PartnersMalaysiaKuala Lumpur1ParticipantOct 2013
Everest Venture CapitalChinaBeijing1LeadMar 2020
Guangzhou Yuexiu Industrial Investment FundChinaGuangzhou1LeadDec 2020
Zhongnan CapitalChinaSuzhou1ParticipantDec 2020
CICC CapitalChinaBeijing1LeadDec 2020

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Investments by Cloudwise

Cloudwise has invested in 3 companies to date.

Latest investment by Cloudwise was on June 29th 2022. Cloudwise invested in Timecho in their $10M Seed round.


Latest Investments by Cloudwise

Timecho
Peinipao
Walatao
Description
Timecho is a Hangzhou-based provider of an IoT-native time series database designed for high-volume sensor data ingestion and analytics. Launched in 2020, the platform handles petabyte-scale storage with sub-millisecond query speeds, supporting protocols like MQTT and OPC UA. Timecho serves manufacturing and energy sectors, enabling predictive maintenance through built-in anomaly detection and federated learning models. Its cloud deployment on AWS and Alibaba Cloud facilitates global scalability, with deployments in over 20 countries including factories in Germany and oil fields in the Middle East.
Peinipao is a Shanghai-based online platform connecting runners with sales service providers while offering a range of running accessories including cozy shoes, moisture-wicking socks, technical tops, sports bras, shorts, tights, pants, hydration systems, meal plans, and chafe prevention products. Participants share insights on gear and services tailored for marathons and daily training in China.
Walatao is a Chinese browser extension comparing product prices across e-commerce sites like Taobao and JD.com. Launched in 2015, it tracks logistics for purchases and lists deals, aiding shoppers in Beijing and Shanghai with real-time alerts.
HQ CountryGermanyChinaChina
HQ City
Stuttgart
Hangzhou
Shenzhen
Deal Date29 Jun 20221 Feb 201629 Apr 2014
RoundSeedSeedAngel
Raised$10M$200K$500K
InvestorsGobi China; HSG; Koala FundShiwei Venture Capital; PreAngel-
Valuationundisclosedundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Cloudwise Competitors

Cloudwise competitors include listed companies like Snowflake and Presight AI, and private ones like Tanium, Anthropic, OpenAI and DeepSeek.

Public and private companies comparable to Cloudwise
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
TaniumUnited StatesSeattle, WAPrivate$600M-$9B15.0x
AnthropicUnited StatesSan Francisco, CAPrivate$47B-$965B20.5x
OpenAIUnited StatesSan Francisco, CAPrivate$25B-$852B34.1x
SnowflakeUnited StatesUnited StatesPublicly listed$4.7B($1.3B)$119B21.0x
DeepSeekChinaHangzhouPrivate--$50B-
Presight AIUAEUAEPublicly listed$825M$214M$5.7B5.4x

Cloudwise Public Comps

Cloudwise is still privately-owned, but its public comps include Palantir, ServiceNow, Snowflake, Datadog, Z.ai, VeriSign, IonQ, Dynatrace, MiniMax Group and Elastic.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Palantir$4.5B$1.5B92.6x58.1x285.0x97.4x
ServiceNow$13B$2.6B11.1x9.6x57.2x25.0x
Snowflake$4.7B($1.3B)25.6x21.0x(94.1x)121.7x
Datadog$3.4B($588K)23.6x19.4x(137813.0x)77.6x
Z.ai$108M($658M)422.9x65.9x(69.4x)(73.0x)
VeriSign$1.7B$1.2B17.3x16.6x24.9x22.6x
IonQ$130M($531M)109.9x40.3x(26.9x)(39.1x)
Dynatrace$2B$276M7.5x7.0x55.0x23.0x

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Common questions about Cloudwise

When was Cloudwise founded?Cloudwise was founded in 2009.
Where is Cloudwise headquartered?Cloudwise is headquartered in Beijing, China.
Is Cloudwise publicly listed?No, Cloudwise is a private, VC-backed company.
How much funding has Cloudwise raised?Cloudwise has raised $301M across 7 funding rounds.
What was Cloudwise's last funding round?Cloudwise's last funding round was a $150M Series E in July 2021, led by HSG.
Who are Cloudwise's investors?Cloudwise's investors include HSG, WestSummit Capital, CPE, SIG China (SIG Asia Investments), FutureX Capital, CBC Capital, Tsing Ventures, Xiaochang Shuimu Investment, Gobi Partners, Everest Venture Capital and 7 others.
Which companies are comparable to Cloudwise?Companies comparable to Cloudwise include Tanium, Anthropic, OpenAI, Snowflake, DeepSeek and Presight AI.
How many companies has Cloudwise invested in?Cloudwise has invested in 3 companies, including Timecho, Peinipao and Walatao.
What was Cloudwise's last investment?In June 2022, Cloudwise invested in Timecho's $10M seed round alongside Gobi China, HSG and Koala Fund.

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