RootCloud Valuation, Funding & Investors
RootCloud is valued at $275M as of December 2020.
Last RootCloud valuation
$275M
Series C · Dec 2020
Last RootCloud funding round
$122M
Series C · Dec 2020
Cumulative funding RootCloud raised
$195M
across 2 funding rounds
Key investors in RootCloud
IDG Capital
Tencent
Matrix Partners China
Hejun Capital
ZWC Partners
Galaxy Holding Group
About RootCloud
RootCloud is a Beijing-headquartered cloud platform established in 2016, focused on industrial Internet of Things applications. It integrates assets through connection, platform, and application layers to enable online machine management for manufacturers, equipment operators, and government bodies. Services span smart manufacturing, research and development, energy optimization, industrial chains, artificial intelligence, and equipment financing across global deployments.
Founded
2016
HQ
GuangzhouWebsite
Status
Privately held
Customer focus
B2B & B2G
Revenue model
Subscription
Valuation
$275M (Dec 2020)
RootCloud Valuation
RootCloud is currently valued at $275M, based on its Series C in December 2020.
The $122M round was led by IDG Capital, with participation from Tianya Capital, Tencent, Haitong Kaiyuan Investment, CCB Capital and Keyuan Industry Fund.
RootCloud valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Dec 2020 | Series C | $275M |
RootCloud Funding History
RootCloud has raised a total of $195M across 2 funding rounds.
RootCloud's first fundraising round was a $73M Series B in June 2019. The most recent completed round was a $122M Series C in December 2020.
RootCloud funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Dec 2020 | Series C | IDG Capital (lead); Tianya Capital; Tencent; Haitong Kaiyuan Investment; CCB Capital; Keyuan Industry Fund | $122M | $275M | RootCloud, a Guangzhou-headquartered IoT platform spun off from Sany Heavy Industry Group in 2016, provides industrial IoT solutions leveraging cloud computing, big data, AI, 5G, and blockchain to support equipment lifecycle management across operations, logistics, and services. The company serves 81 niche areas including equipment, environmental protection, textile, and furniture in over 50 countries, with major clients such as Sany, Foton, China State Shipbuilding Corporation, Deppon Express, and Lens Technology. On December 17, 2020, RootCloud closed a Series C funding round raising 800 million yuan ($122 million), led by IDG Capital, with participation from new investors including Tencent, Haitong Kaiyuan Investment (Haitong Investment Group), KY Private Equity Fund (Keyuan Industry Fund), ZWC Partners, Tianya Capital, and Jian Xin Jin Yuan Investment (linked to China Cinda). Lighthouse Capital facilitated the Series C transaction. Previous funding included a Series B of approximately 500 million yuan ($77 million or $72.2 million) in June 2019 led by Hejun Capital with ZWC Partners, Matrix Partners China, Galaxy Holding Group, Huaxu Capital, and Rising Investments; and a Series A of around 100 million yuan ($15.3 million) backed by State Development & Investment Corporation (SDIC), Matrix Partners, and Hiyield Capital. RootCloud aims to advance IoT platform services, technology innovations, and ecosystem partnerships, as stated by co-founder and CEO Dongdong He. |
| Jun 2019 | Series B | Hejun Capital (lead); Qianhai Zhongwei Capital; Matrix Partners China; Galaxy Holding Group; ZWC Partners; Rising Investments; Huaxu Capital; Jingwei China | $73M | - | RootCloud, China's leading Industrial Internet of Things (IIoT) platform founded in 2016 as a unit of Sany Heavy Industry, provides cloud computing software and hardware solutions for manufacturers, financial institutions, after-sales service providers, and government agencies, enabling life-cycle management and digital transformation for large-scale manufacturing enterprises. The company has received over CNY 1.5 billion (USD 225 million) investment from its parent and operates branches in Suzhou, Xi’an, Guangzhou, Beijing, Shanghai, and Changsha. On June 17, 2019, RootCloud closed its Series B funding round of USD 500 million, led by Hejun Capital, with participation from ZWC Partners, Rising Investments, and others, including existing investor Matrix Partners China. This record-setting investment in the IIoT vertical aims to fund platform research, ecosystem expansion, and enhanced services using AI, big data, and edge computing. At the time, RootCloud's open platform connected 560,000 industrial devices across 61 verticals such as foundry, injection molding, machine tools, textiles, garments, and diesel engines, with 14 vertical cloud platforms established in cooperation with partners like KOCEL, Liniqlie, and Jack Sewing Machine Factory. RootCloud launched its overseas IIoT platform in 2018 to expand globally. Subsequent rounds include a Series C of $122.45M on December 17, 2020, bringing total funding to $194.65M over three rounds with 15 investors. A pre-Series C round of CNY 0.8 billion valued the company over USD 1 billion, but this was after the 2019 Series B. |
Who has invested in RootCloud?
14 investors have backed RootCloud across its funding rounds, including IDG Capital, Tencent, Matrix Partners China, Hejun Capital, ZWC Partners and Galaxy Holding Group.
Lead investors include IDG Capital and Hejun Capital.
RootCloud Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small} Qianhai Zhongwei Capital | Shenzhen | 1 | Participant | Jun 2019 |
| Beijing | 1 | Participant | Jun 2019 | |
| Beijing | 1 | Lead | Jun 2019 | |
| Beijing | 1 | Lead | Dec 2020 | |
| Shenzhen | 1 | Participant | Jun 2019 | |
| Beijing | 1 | Participant | Dec 2020 | |
 Hong Kong | 1 | Participant | Jun 2019 | |
| Chengdu | 1 | Participant | Jun 2019 | |
| Huaxu Capital | China | 1 | Participant | Jun 2019 |
| Shenzhen | 1 | Participant | Dec 2020 | |
| Haitong Kaiyuan Investment | Shanghai | 1 | Participant | Dec 2020 |
| Beijing | 1 | Participant | Dec 2020 | |
This data is available for Pro users. Sign up to see all 14 RootCloud investors. Start Free Trial | ||||
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Start Free TrialRootCloud Competitors
RootCloud competitors include listed companies like Polaris Holdings and Vrain Solution, and private ones like Xreacloud, ZEDEDA, Solinftec and DaoCloud.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Xuzhou | Private | - | - | $215M | - | |
 San Jose, CA | Private | - | - | $400M | - | |
 Araçatuba | Private | $60M | - | $270M | 4.5x | |
| Shanghai | Private | - | - | $410M | - | |
 Japan | Publicly listed | $312M | $45M | $283M | 1.3x | |
| Japan | Publicly listed | $21M | $6M | $307M | 11.5x |
RootCloud Public Comps
RootCloud is still privately-owned, but its public comps include Lantronix, Netcad, Xperi, Netcall, Primeton Information Tech, Inspur Digital Enterprise, Polaris Holdings, Beijing Baolande Software, Creotech Quantum and Soracom.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $121M | ($872K) | 1.8x | 1.8x | (251.9x) | 31.9x | |||
| $23M | $14M | 11.6x | - | 19.8x | - | |||
| $448M | $5M | 0.5x | 0.5x | 54.0x | 3.1x | |||
| $64M | $11M | 4.1x | 3.3x | 24.8x | 15.5x | |||
| $51M | $874K | 4.3x | 2.7x | 248.2x | (3533.0x) | |||
| $1.1B | $47M | 0.1x | 0.2x | 3.5x | 3.5x | |||
| $312M | $45M | 1.4x | 1.3x | 9.4x | 8.5x | |||
| $34M | ($9M) | 6.8x | - | (25.4x) | - | |||
This data is available for Pro users. Sign up to see all RootCloud competitors and their valuation data. Start Free Trial | ||||||||
Common questions about RootCloud
| When was RootCloud founded? | RootCloud was founded in 2016. |
| Where is RootCloud headquartered? | RootCloud is headquartered in Guangzhou, China. |
| Is RootCloud publicly listed? | No, RootCloud is a private, VC-backed company. |
| What is RootCloud's valuation? | RootCloud was last valued at $275M in its Series C in December 2020. |
| How much funding has RootCloud raised? | RootCloud has raised $195M across 2 funding rounds. |
| What was RootCloud's last funding round? | RootCloud's last funding round was a $122M Series C in December 2020, led by IDG Capital. |
| Who are RootCloud's investors? | RootCloud's investors include Qianhai Zhongwei Capital, Matrix Partners China, Hejun Capital, IDG Capital, Galaxy Holding Group, Tianya Capital, ZWC Partners, Rising Investments, Huaxu Capital, Tencent and 4 others. |
| Which companies are comparable to RootCloud? | Companies comparable to RootCloud include Xreacloud, ZEDEDA, Solinftec, DaoCloud, Polaris Holdings and Vrain Solution. |
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