IaaS startup Ucloud announced $10 million of Series A financing led by DCM and Bertelsmann, the largest capital injection in this sector so far. Ucloud is principally engaged in R&D and operation of IaaS products, which cover cloud storage, cloud acceleration and cloud database. Ucloud, an open platform, is in cooperation with vertical cloud service providers on both upstream and downstream of the industrial chain, including, Upyun, Igetui, DNSPod, and QTestin, to provide cloud service to small- and medium-sized enterprises. Ucloud is founded in 2011 by a group of talents from Huawei, Shanda, Neusoft and Tencent, who have rich experiences in research, development, operation, and maintenance. Ucloud launched Southeast Asia Data Center last week in cooperation with HGC, the largest telecom carrier of Hong Kong, to explore Southeast Asia market.