The Casic-backed, aerospace-focused industrial cloud software provider secured funding in a round co-led by China Merchants Capital, ICBC Capital and Shenzhen Capital.

CasiCloud-Tech, a China-based industrial cloud technology provider backed by aerospace and defence equipment manufacturer China Aerospace Science and Industry Corporation (Casic), has raised RMB2.6bn ($404m), China Space News has reported. The Chinese state-owned China Merchants Capital and Industrial and Commercial Bank of China’s ICBC Capital subsidiary co-led the round with venture capital firm Shenzhen Capital.…

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