Beijing-based cloud service firm NeuCloud announced that it has raised a RMB100 million (US$14.5 million) series B round of financing led by Fortune Capital. Founded in 2013, NeuCloud uses Internet of Things (IoT) technology, big data, cloud computing and artificial intelligence to help industrial enterprises transition to the digital age. The company serves customers in oil, power, rail transportation and high-end manufacturing industries. Its customers include PetroChina, China Railway, China Railway, Shenzhen Metro, Datang Power and China Electronics.