On May 11, Ronglian, an intelligent communication cloud service provider, announced that it has completed hundreds of millions of yuan in Series D financing, becoming the first enterprise in the field of corporate communications to complete Series D financing. This round of financing was led by Prospect Avenue Capital (PAC), with participation from Yunhui Capital and Oasis Capital. The current shareholders Sequoia Capital China Fund continued to follow the investment, and the Thai joint venture capital acted as the sole financial advisor.

According to Ronglian website, Beijing Ronglian Yitong Information Technology Co., Ltd. (hereinafter referred to as Ronglian) is a national high-tech enterprise, a professional intelligent communication cloud service provider, and its headquarters Located in Beijing, with branches in Shanghai, Guangzhou, Shenzhen, Wuhan, Chengdu, Hangzhou, Guiyang, Tokyo, Japan and other places.

Sun Changxun, founder and CEO of Ronglian, said Ronglian has been committed to promoting the cloud transformation of Chinese corporate communications and the intelligent transformation of industries. After this round of financing, Ronglian will adhere to the strategy of full product development, open up contact and collaboration, and help companies improve sales efficiency and customer service experience. At the same time, further increase investment in AI-enabled communications, video applications and other fields, “Our vision is to become the world’s largest intelligent communications cloud service provider.”


Sun Changxun, founder and CEO of Ronglian

It is understood that Ronglian products Has covered CPaaS (voice, SMS, etc.), CCaaS (cloud customer service, cloud contact center, etc.), UCaaS (converged communications, IM instant messaging cloud, video and conference, etc.), is currently the only cloud communications company in China to achieve a full-service layout . At present, Ronglian has a staff size of 1,100, and technical R & D personnel account for 60%.

Since Twilio ’s successful IPO in 2016, the US cloud communications market has been booming. In the past 12 months, Twilio’s stock has risen 216%. In addition, the median market value of many cloud communication listed companies such as Zendesk and Ringcentral has approached 10 billion US dollars. The market value of Zoom just launched this year was as high as 23 billion US dollars.

The cloud communications market is equally promising in China. The transformation of large and medium-sized enterprises is on the rise, and the intelligent transformation of the industry is full of imagination. The iResearch report shows that in 2017, the scale of China’s corporate communications market reached 667.4 billion yuan.