BEIJING, June 10, 2022 /PRNewswire/ — PPIO, a leading provider of edge cloud services, has almost gained capital 250 million RMB (approx. $37.6 million) in a Series A financing led by Panlin Capital, China Creation Ventures (CCV), Shanghai Zhangjiang Technology Venture Investment and IMO Ventures and with continued funding from existing investor BlueRun Ventures China (BRV China).
BRV China was the angel investor and led its Pre-A fundraising round 100 million yuan in 2021. With Series A funding, PPIO has more than amassed 400 million yuan in financing, making the company one of the top edge cloud providers China in terms of fundraising ability.
“We believe the maturity of low-latency computing is imperative for many applications such as cloud gaming, AR/VR, space digitization, metaverse and other next-generation life and work scenarios to break into the mainstream consumer market and become truly viable to become a company,” said Jui Tan, Managing Partner of…