PIN c round of financing of $ 50 million, outbreak of the enterprise market

The afternoon of December 23, Shangri-La Hotel, pin announced a c round of $ 50 million in financing, the current round of financing by DCM lead investor, IDG, b round led the series a Investor investment institutions are the northern lights ventures continue to be cast, huaxing capital served as sole financial adviser.
Divergent technologies was founded in December 2011, has only three years, as a young Internet start-up companies, has just announced series b financing of tens of millions of dollars in July, less than six months, would quickly announce its c round of funding. Team size is also less than 50 people earlier this year, expanding to more than 250 employees; the number of users reaches 70,000 … …
In addition to dazzling financing size and speed, PIN on product updates and layout is also accelerating. Version 4.0 released November, pin App UI and logic operation fully moved into the app, trying to minimize user learning costs, to be fast and easy to get started. Meanwhile, pin revealed from the app, platform, to ecological development blueprint, confidence and ambition is evident.
Hurst Lin, Managing Director of DCM capital partner says that United States US $ 62 billion market value of enterprise-class SaaS, Salesforce.com is the most famous, and compare China with the enterprise-grade SaaS applications is not a publicly traded company because Chinese SME SME it at lower levels, and low confidence in enterprise application services company.
In addition, he also attended the press conference, President of IDG Asia, technology platform, and shared his vision of future mobile Internet.
Technology co-founder and CEO Rasch again illustrates “connecting all” concept, also said sell off in 2015 will continue to focus on products, sales and service.

PIN is another interesting aspect, its co-founder Yang started prior to NetEase, Vice President, in July 2012, leaving businesses, NetEase left a member of the pioneering work force.