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Chinese IAM Startup Bamboocloud Bags US$44.4M Series C

Bamboocloud’s current fundraise marks the largest single financing in the Chinese identity management and access control sector. Chinese identity management and access control (IAM) startup Shenzhen Zhuyun Technology, also known as Bamboocloud, has bagged the largest single financing in the Chinese IAM sector, bringing in RMB300 million (approximately US$44.4 million) in its Series C fundraise, according to a WeChat announcement by investor Beijing Kunlun Wanwei yesterday.

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