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§ Private Profile · Hangzhou, Zhejiang, China
Multinational IT services and consulting company that helps global enterprises and public sector organizations drive digital transformation.
DXC Technology is a multinational information technology services and consulting firm that manages mission-critical systems and drives digital transformation for global enterprises, based in Ashburn, Virginia. The publicly traded company operates on a massive scale, maintaining approximately 130,000 employees across 80 countries while reporting $13.7 billion in total annual revenue for 2024. Operating through long-term business-to-business contracts, the firm provides cloud computing, cybersecurity, and infrastructure modernization solutions to a historical base of over 6,000 corporate and public sector clients. Current President and CEO Raul Fernandez leads the organization, managing the ongoing modernization and complex integration of its massive global operations and international workforce. DXC Technology was officially established in 2017 through the merger of Hewlett Packard Enterprise’s Enterprise Services division and Computer Sciences Corporation, an IT pioneer originally founded by Roy Nutt and Fletcher Jones.
DXY has raised $580.0M across 3 funding rounds.
DXY has raised $580.0M in total across 3 funding rounds.
DXY has raised $580.0M across 3 funding rounds. Most recently, it raised $500.0M Series E in December 2020.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Dec 28, 2020 | $500M Series E | Trustbridge Partners | Hillhouse Capital, Tencent Holdings | Announced |
| Sep 1, 2014 | $70M Venture Round | Martin LAU | — | Announced |
| Nov 1, 2012 | $10M Series B | — | Shunwei Capital | Announced |
DXY is a leading digital healthcare technology platform based in China, not a general technology company. It primarily serves the healthcare ecosystem by connecting hospitals, doctors, researchers, patients, pharmaceutical companies, and insurers through a comprehensive online platform that facilitates professional content sharing, medical knowledge exchange, and digital healthcare services[2][3].
Founded in 2000, DXY has grown to serve over 100 million public users and 5.5 million professional users, including 2.1 million doctors, representing about 71% of China's doctors. Its platform offers medical education, clinical case databases, pharmaceutical data analysis, online consultations, health popularization, e-commerce, and offline primary care services, addressing the need for accessible, high-quality medical information and healthcare services in China[2][3].
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DXY was founded in 2000 in Hangzhou, Zhejiang, by medical and technology professionals aiming to create a specialized social network for healthcare and life sciences. The idea emerged from the need to improve communication and knowledge sharing among medical professionals and institutions in China. Early traction came from its rapid adoption by doctors and medical institutions, establishing itself as a trusted platform for professional medical content and interaction[2][3].
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DXY rides the global trend of digital transformation in healthcare, leveraging internet technology, big data, and AI to improve healthcare delivery and medical knowledge dissemination. The timing is critical as China’s healthcare system modernizes and demands more integrated, accessible digital solutions. Market forces such as increasing chronic disease prevalence, rising healthcare costs, and government support for digital health favor DXY’s growth. By connecting diverse healthcare stakeholders, DXY influences the broader ecosystem by enhancing collaboration, accelerating medical research, and improving patient outcomes[2][3].
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DXY is poised to deepen its impact by expanding AI-driven healthcare services, enhancing data analytics capabilities, and broadening its digital hospital and chronic disease management offerings. Trends like AI in diagnostics, telemedicine, and personalized medicine will shape its journey. Its influence is likely to grow as it continues to integrate more healthcare stakeholders and innovate in digital health, potentially becoming a cornerstone of China’s healthcare digital infrastructure.
In summary, DXY is not just a technology company but a pivotal digital healthcare platform transforming medical communication and services in China, with strong growth momentum and a critical role in the evolving healthcare landscape.
DXY has raised $580.0M in total across 3 funding rounds.
DXY's investors include Trustbridge Partners, Hillhouse Capital, Tencent, Martin Lau, Shunwei Capital.