TMTPOST —Shenzhen SandStone Data Technology Co., Ltd. (杉岩数据) has completed a billion-yuan D-round financing. The round was led by Changsheng Industrial Fund, operated by Shenzhen Futian Capital Operation Group, with follow-on investment from Dachen Caizhi Hunan SME Phase II Fund. The company intends to deploy the capital to drive strategic upgrades in AI-native data infrastructure and sector-focused digital intelligence solutions while developing comprehensive full-stack AI-native capabilities.The financing exceeds 100 million RMB (approximately $14 million USD) and will bolster advancement of its intelligent distributed storage systems designed for large-scale unstructured data handling across AI, big data, cloud computing, and IoT applications. As a national high-tech company, SandStone delivers solutions widely deployed in high-end manufacturing, finance, government, and related fields.This funding round enhances SandStone’s standing in China’s booming AI data infrastructure sector. Amid rising needs for high-performance, scalable storage to support large model training and industrial digital transformation, the company is poised to intensify innovation, expand market reach, and contribute to accelerated AI adoption across multiple industries.