After its Series B round of financing with 178 million yuan in September, China-based video broadcast platform Baijiayun today announces a B+ round raising 93 million yuan. This deal was led by Fortune Capital, with the original shareholders GP Capital, Qinglan Capital, and Bondshine Capital also participating.

Li Gangjiang, the founder and CEO of Baijiayun, said that after closing the latest two funding rounds, the company would expand its sales network and increase R&D investment, especially in video technology and artificial intelligence. At the same time, Baijiayun will continue to adhere to the diversified business strategy, expand product boundaries through independent innovation and mergers and acquisitions to scale a high-growth company.

Founded in 2017, Baijiayun provides one-stop video and audio technology solutions based on cloud computing, using leading audio and video technologies to help enterprises expand and innovate, and offer education, finance, medical, government, and corporate broadcasting. 

For its products, Baijiayun has both horizontal and vertical layout. The company vertically focuses on audio and video technology, serving education and corporate training scenarios like large- and small-sized classes, dual-teacher live-streaming classes, and video conferences. Horizontally, the company expands SaaS product lines based on customer needs such as the online school system and corporate training system. In recent years, Baijiayun has also been tapping into social marketing, video AI recognition, smart classrooms, and big data processing.