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CBC Capital backs big data processing company Miaozhen

9 Apr 2013

network dataBeijing-based private equity firm CBC Capital has led a $10m Series C financing round for third-party big data company Miaozhen Systems.

Redpoint Ventures, Kleiner Perkins Caufield & Byers and WPP Digital also took part in the financing according to Miaozhen.

CBC chairman Tian Suning said, “Leveraging on technical advantage and big data processing capacity, Miaozhen has become a leader in the industry.

“Its impressive daily capacity of handling 100 billion advertising requests through the cloud platform enables the company to help customers solve actual problems in marketing.

“Big data is reshaping the business community, as well as transforming the overall ecosystem of the new media advertising industry.”

CBC was formed in 2006 and focuses on investment in the telecom, media and technology sectors in China.

Last month the firm brought the total funding for computing network Pluribus Networks to more than $44m by backing its Series C round.

Menlo Ventures, New Enterprise Associates and Mohr Davidow Ventures had all backed the business in the past.

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