StartDT Bags C1 Round of Financing Worth Over $31.3 Million, ByteDance Participates

StartDT, a provider of AI-based technology solutions, announced on Friday that it had completed the C1 round of financing exceeding 200 million yuan ($31.3 million), with Taikang Asset leading the investment, and previous shareholders ByteDance, DT Capital Partners and XY Capital also joining the investment round.

According to StartDT, this round of financing will be invested in the R&D of independent technologies. The company will use the funds to hire more specialists to help improve its service capabilities, expand market share and strengthen its ecosystem of products and services.

Established in December 2016, StartDT focuses on using big data and artificial intelligence technology to enhance the business capabilities of enterprises. Its self-developed AI-driven data system helps enterprises automate and optimize their data processing and management.

As of November 2021, StartDT has served more than 600 customers, providing digital intelligent transformation services for more than half of the leading customers in the retail industry as well as customers of manufacturing, finance, government and public service organizations.

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In order to provide more comprehensive services to enterprises in various fields, this year StartDT released DataHubble, an enterprise-level one-stop data management platform. It also upgraded DataNuza, a consumer operation platform, and DataMaleon, a data visualization tool.

The company cited an IDC consulting which indicates that the scale of China’s big data platform software market will exceed 22.5 billion yuan in 2023. The report released by the market research and consulting company iResearch shows that the scale of China’s digital management system will reach 17.94 billion yuan in 2022, and will grow into a 100 billion market in the future.