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Transwarp, a CoStone Portfolio Company, Raised over 1bn in D1 Round ​

2020.02.03 CoStone Capital Views:


Transwarp Technology, a CoStone portfolio company announced a D1 round financing, raising over 1bn. This round of financing is jointly led by TCL Venture Capital and Zhongjin Zhide Equity Investment Management, and SCGC, one of its B-round investors, followed.


Transwarp Technology, a CoStone portfolio company announced a D1 round financing, raising over 1bn. This round of financing is jointly led by TCL Venture Capital and Zhongjin Zhide Equity Investment Management, and SCGC, one of its B-round investors, followed.


CoStone is Transwarp’s B and C-round investor.


As a leading basic platform provider of big data and AI, Transwarp has a bright future for its technological hard power, potential user base, and a huge domestic market.


Transwarp Technology, established in June 2013, focuses on the R&D and services of basic software platforms based on big data, AI platforms, and data cloud platforms for business’ use. Transwarp’s analytical databases, real-time stream processing engines, container-based cloud computing technologies, and large-scale graph database technologies are leading the world.


In May 2018, Transwarp became the world's first and only database vendor to complete the TPC-DS test and pass the audit. Transwarp is also the first Chinese company to be included by the Gartner Magic Quadrant for Data Warehouse and Data Management and rated as a Leader in the 2017 IDC China Big Data Management Platform Vendor Evaluation Report.


For only five years, the company has more than 1,000 users from financial companies, governments, manufacturers, operators, players in the energy, transportation, education sectors. 


To name some of its clients: the Ministry of Finance, the State Post Bureau, the Trademark Office of National Intellectual Property Administration, CMSMC, Central Government Securities Depository and Clearing Co., Ltd., China Futures Market Monitoring Center, PBoC, Export-Import Bank of China, Guotai Junan, China Merchants Securities, E Fund, Shanghai Big Data Center, Guangdong High People’s Court, China Post, PetroChina, Guangzhou Power Supply Bureau, Zhengzhou Metro, China Unicom, People's Daily Online, Beijing TV, Singapore National Artificial Intelligence Core (AISG), Airbus, etc.


In 2018, Transwarp Technology was ranked among the top 50 most representative AI companies in Shanghai.

The company also undertakes the pilot demonstration project of big data industry development initiated by the Ministry of Industry and Information Technology.


It has also been listed on the Ministry of Industry and Information Technology's "Top 50 Most Valuable Investment Recipients in China" for three consecutive years. 


Tranwarp also topped other basic platforms in the ranking of “China Big Data Enterprises”.

The year 2019 marks the fortieth anniversary of China’s Reform &Opening-Up, once again, we meet at the turning point of history. What’s the next step for the game, is there any clear guidance? The answer is affirmative.

Our country is enjoying a good momentum of development, which does not come from the Washington Consensus nor the Beijing Consensus. China’s experience has proved that both the visible hand and the invisible hand are crucial: the visible hand, stands for the government-led reform, and would yield benefits for reform and opening up; the invisible hand, stands for the Marginal Power represented by the private sector, and would improve economic efficiency and tax collection, create jobs and employment opportunities.

Provided that we want to protect and expand the benefits form reform, three simple but mandatory agreements are to be made and followed: No.1 Private ownership must be recognized, protected and treated equally with public ownership constitutionally, both ownerships are scared and inviolable;No.2 Make further clarification of the principal position of market economy, “deepen economic system reform by centering on the decisive role of the market in allocating resources”, as President Xi addressed in the third Plenary Session of the 18th CPC Central Committee;No.3 Implement the guiding principles of “comprehensively promoting law-based governance” of the fourth plenum. The rule of law is essential for economic growth, irreplaceable to protect private ownership, and necessary to encourage innovation and entrepreneurship.

Above are three rules for us to avoid falling into the Middle-income Trap. Assuming that we are breaking systematic barriers to private enterprises’ participation in market economy, and boosting innovation and entrepreneurship of our society, then we are heading towards a promoting direction. We are marching in the path of light, regardless of the ups and downs of Sino-US relationship, the drop in GDP growth rate, or the monetary policy.

These principals also apply on knowing how better to run a business: don’t be hedged by rules and regulations at the beginning, pay more attention to your survival, and you’ll learn more when you start your second business.

For many years, Huawei has been the only Chinese company on the list of the Top 50 R&D Spenders. Regardless of the economy and its income, what Huawei has been doing is investing in its future, dedicated to R&D, continuously and resolutely. This provisional work underscores Huawei’s accomplishments, making Huawei anindustry leader.

So, there are standard answers on how to run a company,which could be summarized as concentration and professional dedication, continuous investment on innovation and trying harder in R&D. Entrepreneurship is also important, every single company needs entrepreneurs to push aside all obstacles and difficulties, to implement strategies and ideas. We, as investors, are destined to look for such outstanding entrepreneurs and their companies, invest in them and partner with them.

At this key point of history, a country, a company, or asingle individual, will all need to find the right path. Four decades after the Reform and Opening-up, it’s time to learn from our experience and stop “wadding across


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