Partner Cloud received US$40 million in Series B financing, with Sequoia and Wuyuan again supporting the investment

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Partner Cloud, a zero-code application building platform, completed US$40 million in Series B financing, co-invested by a well-known investment institution and a strategic investment institution ***, and the old shareholder Hong Kong Shan China and Wuyuan Capital continue to support

; at the same time, Partner Cloud also received follow-up investment from new shareholders Zhixin Capital, Yilian Capital and Belle Consumer Fund. Yibo Capital serves as the exclusive financial advisor.

Prior to this, Partner Cloud has completed a $17 million Series B financing, led by Sequoia China and Wuyuan Capital, with Challenger Capital also participating. On December 10, it came to an end in Beijing. Partner Cloud Product 5.0 was officially released, delivering a perfect answer to the last round of financing.

It is reported that this new round of US$40 million in B financing will be used for continuous product upgrades and customer-centered process optimization to provide users with better product and service experiences.

Prepare enough food and grass to blow the trumpet, innovate and seek change and start again

New kernel, release Partner Cloud version 5.0

In October this year, Partner Cloud was officially announced to the public Version 5.0 is open for trial. After nearly two months of accumulation, version 5.0 was officially launched on the day of the product upgrade conference on December 10. This product update includes multi-level navigation, data editing and display, unified management backend, table view memory, interactive dashboard and other functions. The launch of version 5.0 is the result of continuous product polishing and technological precipitation.

New vision, more than just logo and official website

As the product is updated, the new image of Partner Cloud also begins to be displayed to the outside world. With the comprehensive upgrade of the brand LOGO, all product pages include personalized customized displays, site-wide dark mode and data presentation charts, etc. The interface elements have been greatly simplified and reorganized, and the visual elements have been comprehensively expanded and added. In addition, the new official website has also been updated simultaneously, making it more powerful under the good looks.

New positioning, creating "digital fashion"

As a zero-code data collaboration platform, Partner Cloud aims to create a digital fashion for a new generation of managers.

As young people move towards management, their understanding of enterprise digitalization and tool selection begin to present different needs. Based on this observation, Partner Cloud has clarified its positioning. Under the trendy and cool appearance, there is a rigorous underlying architecture and product model. These are easily ignored by users, but they are the core of the zero-code platform.

New direction, focusing on the "PLG model"

In the context of the new era, companies, regardless of their size, have a higher demand for innovation and agility. Managers need a tool that can fit their own business, and Partner Cloud accurately grasps this point and clearly adopts the PLG model.

Open the market with products and help small and medium-sized enterprises use digital thinking to reconstruct traditional business models. Through zero-code construction, using building blocks to form code into componentized modules, and dragging and dropping to form applications through a graphical interface, it can cleverly allow small and medium-sized teams to quickly establish their own business data and collaboration systems.

Partner Cloud in the Eyes of Customers

With the participation of giants and the influx of capital, more and more companies are gradually joining the development and application of zero-code platforms. Suddenly , low code/zero code has become the industry trend. The competition barriers in this field are: on the technical side, the underlying architecture of the product and the stability of the platform; on the user side, the user's product experience and whether the user continues to repurchase. Specific to the partner cloud, the technical strength of the Discuz! team led by Dai Zhikang is no longer redundant. When it comes to product experience, Tang Binsen, CEO of Yuanqi Forest, a typical customer of Partner Cloud, has already given the answer:

“Achieving digitization through Partner Cloud’s services has significantly improved the success rate of Yuanqi Forest in developing explosive products and saved money. It saves a lot of trial and error costs and avoids waste of resources."

Currently, Partner Cloud has become the choice of more than 240 new companies such as Yuanqi Forest, Bubble Mart, Weilai Automobile, Shell, and Bestore. Millions of corporate employees are using it.

According to partner cloud data, the company's ARR this year has increased by about 4 times compared to last year. It currently serves more than 160,000 companies, has 300,000 daily active users, and has a daily update and creation volume of 20 million data on the platform.

Partner Cloud in the eyes of investors

Sequoia China partner Ji Yue:

From Discuz! to Partner Cloud, Dai Zhikang and his team have made great achievements in the Internet industry He has accumulated rich and unique knowledge and developed deep internal skills in 20 years of continuous entrepreneurship.

Now, Partner Cloud has been deeply involved in the industry for 9 years. It has always been firmly optimistic about the general direction of digital technology. Through continuously iterative products and services, it helps more and more enterprise customers enjoy the benefits of digital transformation. Come value and dividends.

We value Partner Cloud’s enthusiasm and determination for enterprise digitalization, and believe that the founding team will continue to polish high-quality platform-level products through solid technical accumulation and deep industry understanding to help more enterprises in China. Get rid of the data management dilemma and achieve more efficient and higher-quality development.

Liu Qin, founding partner of Wuyuan Capital:

The Partner Cloud team has experienced patient exploration and accumulation, grasped the trend of zero-code digitization in cloud computing, and entered the stage of development. Fast lane. In just half a year since the last financing was completed, Partner Cloud has made many breakthroughs in digital empowerment of small and medium-sized enterprises by leveraging the Internet traffic ecology, thereby achieving positive progress in commercialization exploration of subscription models. We believe that Dai Zhikang will lead the partner cloud team to achieve more achievements and empower more small and medium-sized enterprises to achieve in-depth digitalization. Blessing partners cloud.

Head of the TMT team of a well-known investment institution:

We are very honored to contact and invest in the Partner Cloud team. Benefiting from the digital transformation of enterprises and the entry of highly digitalized young people into management, zero-code has become a business imperative for enterprises to realize digital transformation with low cost, no threshold, flexibility and agility, and the market has entered a period of rapid development. Partner Cloud has been deeply involved in the zero-code field for many years. It is in a leading position in terms of product depth and ease of use, and has accumulated many deep users. It is a typical representative of PLG. At the same time, the powerful combination and resource exchange between Partner Cloud and Enterprise WeChat will help further promote and spread the product. We are also impressed by Partner Cloud’s cohesive and technically solid team. We believe that Partner Cloud was born for digitalization and will continue to shine in the future digital era.