PingCAP Lands $50,000,000 Series C Financing

Company Information

Company
PingCAP

Website

http://www.pingcap.com

Location
2955 Campus Dr. San Mateo, CA 94403

Description
PingCAP started in 2015 when three seasoned infrastructure engineers were sick and tired of the way databases were managed, scaled, and maintained while working at leading Internet companies. Seeing no good solution on the market, they decided to build one themselves–the open-source way.

Transaction Details

  • Date – 9/12/2018
  • Transaction Type – Venture Equity
  • Transaction Amount – $50,000,000
  • Transaction Round – Series C
  • Acquire / Investor(s) – Fosun International
  • Acquire / Investor(s) – Morningside Group
  • Acquire / Investor(s) – China Growth Capital
  • Acquire / Investor(s) – Yunqi Partners
  • Acquire / Investor(s) – Matrix Partners
  • Acquire / Investor(s) – Undisclosed