Jack Ma-backed OceanBase seeks up to $443 million in funding to advance its AI strategy
7x24h News
Jack Ma-backed OceanBase seeks up to $443 million in funding to advance its AI strategy
According to people familiar with the matter, Beijing OceanBase Technology Co., Ltd. (OceanBase) is in talks with investors and plans to conduct a Series A financing round, raising approximately 2 billion to 3 billion yuan (approximately $295 million to $443 million). The financing aims to enhance the company's independent operational capabilities and provide financial support for its expansion into the AI database service sector.
Navigating Web3 tides with focused insightsTechFlow News, July 29, according to Bloomberg, sources revealed that Beijing OceanBase Technology Co., Ltd. (OceanBase) is in talks with investors, planning a Series A funding round to raise approximately 2 billion to 3 billion yuan (approximately $295 million to $443 million). The funding aims to enhance the company's independent operational capabilities and provide financial support for its expansion into the AI database service sector.
