ZStack Secures Tens of Millions in Funding

Recently, ZStack, a cloud computing infrastructure software company in the era of intelligent computing, has successfully secured tens of millions of dollars in funding from the Beijing Information Industry Development Investment Fund amidst the complex and volatile economic and capital market conditions. This funding further consolidates its leading position in the field of cloud infrastructure software for the intelligent computing era. The funds from this round will be used to increase investment in the research and development of key technologies for cloud computing infrastructure software.

Founded in 2015, ZStack is committed to becoming a global leader in foundational software for the intelligent computing era, providing users with a digital intelligence computing platform.

ZStack ranks in the top five in the IDC China Cloud System Software Market Report and is the number one independent cloud vendor. It is also a leader in the CCID Consulting China Virtualization Market Report. Its product matrix comprehensively covers data center cloud infrastructure, including virtualization, cloud platforms, container cloud platforms, distributed storage, hyper-converged appliances, cloud-native hyper-convergence, multi-cloud management platforms, database cloud platforms, and the AI Infra platform ZTower, among others. ZStack helps over 4,000 enterprises with their digital transformation and is widely deployed in more than 30 countries and regions globally. In the era of intelligent computing, with ZTower, ZStack has been selected as a major vendor and representative of technology in the IDC report on generative AI application development platforms in China.

It is reported that in April 2023, ZStack received tens of millions of dollars in Series C funding led by Guoxin Investment and Legend Capital.

Zhang Xin, founder and chairman of ZStack, stated: “In the future, the company will continue to solidify its core cloud computing business, expand the cloud computing ecosystem, accelerate the construction of the AI Infra digital intelligence platform, and comprehensively upgrade the ZStack Globalization 2.0 strategy. We are committed to actively promoting innovative development in digital intelligence both domestically and internationally.”