|By PR Newswire||
|April 10, 2014 09:15 AM EDT||
SHANGHAI, April 10, 2014 /PRNewswire/ -- Qiming Venture Partners announced today that it had closed Fund IV at $500 million. This fund continues Qiming's strategy of funding innovations through outstanding Chinese entrepreneurs in the Information Technology, Consumer and Internet, Healthcare, and Cleantech sectors. Qiming's assets under management now exceed $1.6 billion after its debut in 2006.
Qiming's portfolio includes over 70 investments distributed among its targeted sectors. Qiming Venture Partners invests in early-stage and expansion-stage deals, with over 50% of its investments in early stage companies. Qiming's initial investment in a portfolio company ranges from $500K to $30 million.
Qiming takes great pride in its investment team. Managing Partners Duane Kuang, JP Gan, Gary Rieschel and Nisa Lin are all recognized leaders in their respective areas and within the venture capital community. They are proud to be joined by Partners William Hu, Yong Zhang, Grace Lee, Helen Wong, Jing Wu and Janet Yu as the leadership team for Qiming. This team's stability is a clear differentiator in China among both entrepreneurs and limited partners.
There are currently over 40 staff within the firm, and all the senior team members have the combination of investing and operating experience coveted by today's Chinese entrepreneurs.
Current Qiming portfolio companies include:
- Xiaomi, one of the fastest growing companies in history and a leading smartphone and application developer in China
- Tigermed (SZSE: 300347 -- IPO Q3 2012), China's leading clinical research organization
- China Cache (NASDAQ: CCIH -- IPO Q4 2010), China's leading content delivery network provider
- Jiayuan (NASDAQ: DATE -- IPO Q2 2011), China's leading online dating site
- Taomee, (NYSE: TAOM -- IPO Q2 2011), a leading children's entertainment site in China
- Forgame (HKEx: 484 -- IPO Q3 2013), a leading online gaming company in China
- PPS.tv, one of the largest online video platforms in China, merged with iQiyi/Baidu
- Citic Pharma, a leading drug distributor in China, acquired by Shanghai Pharma
- Dianping, a leading dining and lifestyle information site in China
- eHi, a leading car rental company in China
- Alltech Medical, a leading domestic MRI systems company
- Arrail Dental, a leading domestic dental service provider
- Gan and Lee, China's leading analog insulin company
- Hexing, a leading power meter company in China
- LP Amina, a leading company in coal fired power plant efficiency and emissions
- Lanzatech, a leading biofuels company (along with its JV Partner, Bao Steel Industrial Gases)
- TutorABC, a leading online education platform in Taiwan and China
- Mogujie, a leading female social e-commerce community in China
- Meitu, a leading photo editing and self-photographing application developer and hardware designer in China
Among many other great companies.
Sunil Gottipati, Investment Director at Princeton University Investment Company, described Princeton's relationship with Qiming as follows: "We have developed an excellent working relationship with Qiming from the very beginning as its lead investor and believe it is now one of China's best venture capital firms."
Ed Grefenstette, President and CIO of The Dietrich Foundation, said, "Qiming's development has been extraordinary, and the firm represents many best-in-class practices within the venture capital community in China."
Most of the LPs in Qiming IV are returning LPs from prior Qiming funds, including Princeton University, Robert Wood Johnson Foundation, New York University, Pantheon, Commonfund, Emerald Hill, UTIMCO ("University of Texas Investment Management Company"), Mayo Clinic and Dietrich Foundation etc.. There are four new investors in Fund IV including MIT and University of Pittsburgh Medical Center.
SOURCE Qiming Venture Partners
In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect at GE, and Ibrahim Gokcen, who leads GE's advanced IoT analytics, focused on the Internet of Things / Industrial Internet and how to make it operational for business end-users. Learn about the challenges posed by machine and sensor data and how to marry it with enterprise data. They also discussed the tips and tricks to provide the Industrial Internet as an end-user consumable service using Big Data Analytics and Industrial C...
Jan. 28, 2015 01:00 AM EST Reads: 2,699
How do APIs and IoT relate? The answer is not as simple as merely adding an API on top of a dumb device, but rather about understanding the architectural patterns for implementing an IoT fabric. There are typically two or three trends: Exposing the device to a management framework Exposing that management framework to a business centric logic Exposing that business layer and data to end users. This last trend is the IoT stack, which involves a new shift in the separation of what stuff happe...
Jan. 28, 2015 12:30 AM EST Reads: 2,882
"SOASTA built the concept of cloud testing in 2008. It's grown from rather meager beginnings to where now we are provisioning hundreds of thousands of servers on a daily basis on behalf of customers around the world to test their applications," explained Tom Lounibos, CEO of SOASTA, in this SYS-CON.tv interview at DevOps Summit, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Jan. 28, 2015 12:00 AM EST Reads: 2,421
Almost everyone sees the potential of Internet of Things but how can businesses truly unlock that potential. The key will be in the ability to discover business insight in the midst of an ocean of Big Data generated from billions of embedded devices via Systems of Discover. Businesses will also need to ensure that they can sustain that insight by leveraging the cloud for global reach, scale and elasticity.
Jan. 28, 2015 12:00 AM EST Reads: 3,945
The Industrial Internet revolution is now underway, enabled by connected machines and billions of devices that communicate and collaborate. The massive amounts of Big Data requiring real-time analysis is flooding legacy IT systems and giving way to cloud environments that can handle the unpredictable workloads. Yet many barriers remain until we can fully realize the opportunities and benefits from the convergence of machines and devices with Big Data and the cloud, including interoperability, ...
Jan. 27, 2015 11:45 PM EST Reads: 2,631
“The year of the cloud – we have no idea when it's really happening but we think it's happening now. For those technology providers like Zentera that are helping enterprises move to the cloud - it's been fun to watch," noted Mike Loftus, VP Product Management and Marketing at Zentera Systems, in this SYS-CON.tv interview at Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Jan. 27, 2015 10:30 PM EST Reads: 2,014
BMC Software plans to acquire assets of CDB Software, Inc., a mainframe data management company that has developed utilities for managing IBM DB2 databases with virtually no outage. Focusing on the availability of mission-critical applications is strategic for BMC as it continues to help its customers transform IT into a competitive advantage for their business. CDB's technology complements BMC's existing mainframe data management portfolio, which includes software utilities for DB2 administrat...
Jan. 27, 2015 09:00 PM EST Reads: 796
IoT is still a vague buzzword for many people. In his session at @ThingsExpo, Mike Kavis, Vice President & Principal Cloud Architect at Cloud Technology Partners, discussed the business value of IoT that goes far beyond the general public's perception that IoT is all about wearables and home consumer services. He also discussed how IoT is perceived by investors and how venture capitalist access this space. Other topics discussed were barriers to success, what is new, what is old, and what th...
Jan. 27, 2015 06:15 PM EST Reads: 3,950
The Internet of Things (IoT) promises to evolve the way the world does business; however, understanding how to apply it to your company can be a mystery. Most people struggle with understanding the potential business uses or tend to get caught up in the technology, resulting in solutions that fail to meet even minimum business goals. In his session at @ThingsExpo, Jesse Shiah, CEO / President / Co-Founder of AgilePoint Inc., showed what is needed to leverage the IoT to transform your business. ...
Jan. 27, 2015 06:15 PM EST Reads: 3,181
"ElasticBox is an enterprise company that makes it very easy for developers and IT ops to collaborate to develop, build and deploy applications on any cloud - private, public or hybrid," stated Monish Sharma, VP of Customer Success at ElasticBox, in this SYS-CON.tv interview at DevOps Summit, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Jan. 27, 2015 06:00 PM EST Reads: 2,485
Dale Kim is the Director of Industry Solutions at MapR. His background includes a variety of technical and management roles at information technology companies. While his experience includes work with relational databases, much of his career pertains to non-relational data in the areas of search, content management, and NoSQL, and includes senior roles in technical marketing, sales engineering, and support engineering. Dale holds an MBA from Santa Clara University, and a BA in Computer Science f...
Jan. 27, 2015 06:00 PM EST Reads: 3,152
Software AG and Wipro Ltd. have announced a joint solution platform for streaming analytics that provides real-time actionable intelligence for the Internet of Things (IoT) market. “The key to successfully addressing the IoT market is the ability to rapidly build and evolve apps that tap into, analyze and make smart decisions on fast, big data”, said John Bates, Global Head of Industry Solutions and CMO, Software AG. To address the huge market potential created by streaming analytics in conj...
Jan. 27, 2015 06:00 PM EST Reads: 822
The Internet of Things (IoT) is rapidly in the process of breaking from its heretofore relatively obscure enterprise applications (such as plant floor control and supply chain management) and going mainstream into the consumer space. More and more creative folks are interconnecting everyday products such as household items, mobile devices, appliances and cars, and unleashing new and imaginative scenarios. We are seeing a lot of excitement around applications in home automation, personal fitness,...
Jan. 27, 2015 06:00 PM EST Reads: 2,892
OneCloud Software has launched the OneCloud Partner Program. Responding to demand from prospective partners, the Program offers managed service providers (MSPs) and resellers the resources they need to grow their business with the OneCloud Recovery solution. OneCloud Recovery is an automated solution for disaster recovery/business continuity (DR/BC), which leverages Amazon Web Services as the disaster recovery site. “This is a tremendous opportunity with an innovative hybrid cloud-based DR pro...
Jan. 27, 2015 04:15 PM EST Reads: 617
Cloud Technology Partners on Wednesday announced it has been recognized by the Modern Infrastructure Impact Awards as one of the Best Amazon Web Services (AWS) Consulting Partners. Selected by the editors of TechTarget's SearchDataCenter.com, and by votes from customers and strategic channel partners, the companies acknowledged by the Modern Infrastructure Impact Awards represent the top providers of cloud consulting services for AWS including application migration, application development, inf...
Jan. 27, 2015 03:00 PM EST Reads: 1,395