EasyStack Raises $16M Series B Funding, Aiming to Be OpenStack Leader in Asia Pacific

BEIJING, May 18, 2015 /PRNewswire/ -- EasyStack Inc., the OpenStack startup in China, today announced it has closed $16M Series B funding led by RuShan Capita, followed by YingDong investment and Series A investor BlueRun Ventures. This is the largest VC funding in the Open Source history of China so far.

Founded in Feb 2014 and headquartered in Beijing, China, EasyStack Inc. is a trusted leader in OpenStack cloud platform and service provision in China for the enterprise cloud market.

The company was founded by some of earliest OpenStack contributors from IBM China and backed by BlueRun ventures with $2M series A funding in July of 2014. EasyStack is an OpenStack Foundation member and one of the top contributors of the OpenStack project in the Asia region.

Started with OpenStack services for large enterprise before later announcing its own OpenStack distribution, EasyStack has serviced more than 50 customers in various industries including finance, telecom, government and e-commerce. Major customers include Lenovo, China Unicom, China Telecom, BOE, the State Grid and Great Wall Broadband Network.

The funding will be used to accelerate product development, hire top OpenStack talents, increase the marking, sales, business and development teams, and expand business to the Asia Pacific region.

XiLun Chen, EasyStack Inc. founder and CEO, said, "China's OpenStack market is 'crossing the innovation chasm.' More and more customers are seeking the best products and solutions in stead of proven practices. EasyStack's abundant experience in helping China's early OpenStack customers in product use has great advantage in terms of market leadership. With this large investment, we will first enhance EasyStack's leadership as an independent OpenStack provider in China, then expand business to the similar Asia and Pacific markets."

"The Enterprise IT is entering a new Cloud + Mobile era. More and more Industries are embracing mobile and cloud technologies, transforming their IT infrastructure to enable fast innovation. OpenStack will play an important role as the leading open source cloud computing project," said by Wang Yong, the Chairman of RuShan Capital, "EasyStack is on a good position to lead the market in China for this new era."

"As an early investor, we feel very glad that EasyStack could help enterprise customers to adopt fast changing OpenStack technologies in production use in a short time and service a batch of customers in broad segment within one year," Jui Tan, Partner of BlueRun Ventures, said, "EasyStack's practices demonstrated that OpenStack is becoming more and more mature, and the future is promising ,especially in the China and Asia Pacific market."

About EasyStack Inc.

EasyStack is a leading open cloud solutions and services provider for the Chinese and Asian markets. Founded by some of earliest OpenStack contributors from IBM China Lab, EasyStack Inc. aims to deliver stable, scalable and elastic open cloud platforms for enterprise customers. EasyStack has the strongest development team in Asia, consisting of former experts from companies including Huawei, HP, Kingsoft, Ericsson and H3C.

SOURCE EasyStack

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