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- Qiniu
Qiniu Revenue, Valuation, Funding & Investors
Qiniu is valued at $744M as of June 2020, a 3.6x multiple on its last reported $208M revenue.
Last Qiniu valuation
$744M
Series F · Jun 2020
Last Qiniu funding round
$141M
Series F · Jun 2020
Qiniu revenue
$208M
Series F · Jun 2020
Key investors in Qiniu
Qiming Venture Partners
YF Capital
Titanium Ventures
CBC Capital
BOCOM Intl Hldgs Co
China Structural Reform Fund
About Qiniu
Qiniu Cloud is a Shanghai-headquartered enterprise cloud service provider in China specializing in data intelligence and visual intelligence. It delivers integrated solutions including CDN, object storage, cloud hosts, big data processing, and content recognition platforms within its intelligent video cloud for rich media scenarios across industries. Launched in 2011, Qiniu Cloud supports massive data handling for sectors embracing artificial intelligence and 5G technologies through product portfolios tailored for video streaming, storage, and computing needs.
Founded
2011
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Revenue
$208M (Jun 2020)
Valuation
$744M (Jun 2020)
Qiniu Valuation
Qiniu is currently valued at $744M, based on its Series F in June 2020.
The $141M round included BOCOM Intl Hldgs Co, Hongzhao Fund and China Structural Reform Fund.
Qiniu's valuation has moved from $1B at its Series D in January 2016 to $744M in June 2020, across 3 priced rounds.
Qiniu valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Jun 2020 | Series F | $744M | 3.6x |
| Aug 2017 | Series E | $407M | - |
| Jan 2016 | Series D | $1B | - |
Qiniu Revenue
Qiniu's latest recorded revenue is $208M, as of its Series F in June 2020. At a $744M valuation, that implies a 3.6x revenue multiple.
Qiniu revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jun 2020 | $208M | $744M | 3.6x | Series F |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Qiniu Funding History
Qiniu has raised a total of $395M across 4 funding rounds.
Qiniu's first fundraising round was a $4M Series B in February 2013. The most recent completed round was a $141M Series F in June 2020.
Qiniu funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2020 | Series F | BOCOM Intl Hldgs Co; Hongzhao Fund; China Structural Reform Fund | $141M | $744M | Qiniu Cloud, a China-based cloud services provider offering data storage, analysis, processing, deep learning platform Qiniu AVA, and video streaming platform Pili, secured a Series F funding round of $141.1M (RMB1bn) on June 16, 2020, from investors BOCOM International Holdings (a Bank of Communications subsidiary), state-owned China Structural Reform Fund, and Hongzhao Fund (Jumbo Sheen subsidiary). This marked the company's third nine-figure round, backed previously by Alibaba, Telstra, and others. Earlier rounds included a Series E in 2017 with $152M from Alibaba and Yunfeng Capital at a $407M valuation, and a Series D in 2016 also reportedly $152M from Telstra, Zhangjiang High-Tech, Harvest Global Investments, CBC Capital, F&G Venture, and GHII. Qiniu had raised tens of millions in a 2014 Series C led by CBC Capital with Matrix Partners China and Qiming Venture Partners, following an eight-figure amount from those VCs in 2013, and an initial eight-digit RMB investment from Matrix Partners China in 2012, a year after founding. The company serves enterprise customers in cloud infrastructure, positioning it in China's competitive cloud market alongside backers like Alibaba. |
| Aug 2017 | Series E | YF Capital (lead) | $150M | $407M | Qiniu is a cloud computing company providing services such as cloud storage, computing, and delivery. The company focuses on scenarios like social entertainment, video marketing, visual networking, smart new media, and metaverse through cloud infrastructure. It has raised a total of $377.1M over 6-7 funding rounds from 10 investors. Earlier rounds mentioned in IPO documents include Series C (~US$20M), Series B (~US$5M in 2013 from Matrix HK and Qiming Venture Partners), and detailed preferred share issuances in late 2017 for Series E-1 and E-2 (e.g., December 2017 at US$1.7633-$2.2041 per share) involving BOCOM entities, plus Series F shares in 2018-2020 at US$3.344648 per share. Subsequent rounds include Series F for $141.1M in June 2020 from BOCOM International, China Structural Reform Fund, and Hongzhao Fund, with a valuation of $744M implied as latest post-money then. Qiniu went public via IPO raising $56.53M on October 16, 2024. |
| Jan 2016 | Series D | CBC Capital; Titanium Ventures; Qiming Venture Partners; Harvest Global Investments | $100M | $1B | - |
| Feb 2013 | Series B | Qiming Venture Partners (lead) | $4M | - | - |
Who has invested in Qiniu?
8 investors have backed Qiniu across its funding rounds, including Qiming Venture Partners, YF Capital, Titanium Ventures, CBC Capital, BOCOM Intl Hldgs Co and China Structural Reform Fund.
Lead investors include YF Capital and Qiming Venture Partners.
Qiniu Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Feb 2013 | ||
| 1 | Lead | Aug 2017 | ||
| 1 | Participant | Jan 2016 | ||
| 1 | Participant | Jun 2020 | ||
| 1 | Participant | Jan 2016 | ||
| 1 | Participant | Jun 2020 | ||
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Start Free TrialInvestments by Qiniu
Qiniu has invested in 2 companies to date.
Latest investment by Qiniu was on January 11th 2022. Qiniu invested in TouchELX in their $16M Series B round.
Latest Investments by Qiniu
| Description | TouchELX is a Shenzhen-headquartered developer of embedded software for IoT touch interfaces. Founded in 2017, it optimizes MCUs for small-screen devices in smart home and wearables, powering controls for rendering and graphics on Arm Cortex chips. TouchELX supplies firmware to Hisense appliances and Xiaomi gadgets, with libraries supporting LVGL and FreeRTOS. | Sectech.io operates an electronic supply chain financial network delivering credible transaction facilitation and funding. The platform streamlines B2B payments and financing across international trade networks at sectech.io. |
| HQ Country | ||
| HQ City | Shanghai | Guangzhou |
| Deal Date | 11 Jan 2022 | 30 Aug 2018 |
| Round | Series B | Seed |
| Raised | $16M | $3M |
| Investors | Everest Venture Capital; XY Capital | Galaxy Capital |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Qiniu investments and their VC round multiples. Start Free Trial | ||
Qiniu Competitors
Qiniu competitors include listed companies like Edarat Group and Kinx, and private ones like Hydra Host, XSKY Data Technology, TON Provider and Nxtra Data.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $800M | - | ||
| Private | - | - | $675M | - | ||
| Private | - | - | $670M | - | ||
| Private | $91M | - | $979M | 10.8x | ||
| Publicly listed | $51M | $12M | $550M | - | ||
| Publicly listed | $115M | $37M | $492M | 4.7x |
Qiniu Public Comps
Qiniu is still privately-owned, but its public comps include 2CRSI, CANCOM, Whitefiber, Chief Telecom, Inspur, Ucap Cloud Information, Backblaze, Bahnhof, Consensus Cloud and Wiit.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $254M | $8M | 3.0x | 1.1x | 97.0x | 14.5x | |||
| $2B | $118M | 0.4x | 0.4x | 6.3x | 5.7x | |||
| $79M | ($2M) | 12.7x | 8.2x | (430.4x) | 26.8x | |||
| $124M | $60M | 6.6x | 6.4x | 13.7x | 15.0x | |||
| $172M | ($31M) | 3.7x | 2.7x | (20.7x) | - | |||
| $62M | $2M | 12.1x | 7.3x | 344.6x | - | |||
| $146M | $4M | 5.8x | 5.1x | 215.6x | 19.5x | |||
| $225M | $36M | 2.7x | - | 17.3x | - | |||
This data is available for Pro users. Sign up to see all Qiniu competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Qiniu
| When was Qiniu founded? | Qiniu was founded in 2011. |
| Where is Qiniu headquartered? | Qiniu is headquartered in Shanghai, China. |
| Is Qiniu publicly listed? | No, Qiniu is a private, VC-backed company. |
| What is Qiniu's valuation? | Qiniu was last valued at $744M in its Series F in June 2020. |
| How much funding has Qiniu raised? | Qiniu has raised $395M across 4 funding rounds. |
| What was Qiniu's last funding round? | Qiniu's last funding round was a $141M Series F in June 2020. |
| Who are Qiniu's investors? | Qiniu's investors include Qiming Venture Partners, YF Capital, CBC Capital, BOCOM Intl Hldgs Co, Titanium Ventures, Hongzhao Fund, China Structural Reform Fund and Harvest Global Investments. |
| What is Qiniu's revenue? | Qiniu's latest recorded revenue is $208M (June 2020). |
| What is Qiniu's revenue multiple? | Qiniu's latest valuation implies a 3.6x revenue multiple ($744M valuation on $208M of revenue). |
| Which companies are comparable to Qiniu? | Companies comparable to Qiniu include Hydra Host, XSKY Data Technology, TON Provider, Nxtra Data, Edarat Group and Kinx. |
| How many companies has Qiniu invested in? | Qiniu has invested in 2 companies, including TouchELX and Sectech.io. |
| What was Qiniu's last investment? | In January 2022, Qiniu invested in TouchELX's $16M Series B alongside Everest Venture Capital and XY Capital. |
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