Eoitek

About Eoitek

Based in Shanghai, China, Eoitek was established in 2014 to provide big data analytical services grounded in artificial intelligence and machine learning. The company, led by Founder and CEO Yang Chen, offers a Software-as-a-Service (SaaS) platform that empowers enterprises to collect, process, analyze, and visualize operational data from various sources. Eoitek primarily targets large enterprises, with a notable presence in the Chinese financial services market, addressing the needs of organizations managing substantial daily data volumes. Revenue is generated through this B2B SaaS subscription model.

The core of Eoitek's offering is its intelligent big data analysis platform, Sharplook, which is designed to enhance IT operations (AIOps). This platform provides solutions for anomaly detection, data visualization, log data analysis, troubleshooting, and event management. By leveraging machine learning, Sharplook helps reduce alarm event noise and correlates data from different sources to perform root cause analysis, thereby improving operational efficiency. A key technical feature is its ability to handle both log and metric data, embedding technology like OpenText Vertica to manage massive data volumes—over 15TB per day for some banking clients—and deliver real-time analytics with a high data compression ratio.

Eoitek has secured significant financial backing to support its growth, raising a total of $84.5 million. A major funding event was a Series C round in June 2021, which brought in $60 million. The company's investors include M31 Capital, Granite Asia, ST Telemedia, Chenhui Venture Partners, and Volcanics Venture.