# Cyclone funding: rounds and investors

> Cyclone has raised $40M across 1 round since 2020. Investors include DCM Ventures, Matrix Partners China and Source Code Capital. Every round with its source.

Source: https://millionrounds.com/company/cyclone (Millionrounds; every figure on the page links to its filing or article)

[Series B startup](https://millionrounds.com/companies)

# Who invested in *Cyclone*

One round we have observed, with the 3 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Advanced Manufacturing

Y Combinator: S23

Funding summary Updated 26 Oct 2026

**$40M** raised across 1 round since 2020, from 1 source

- **Latest round:** Series B, $40M Sept 2020
- **Investors:** 3

See who backed them

## The rounds

- **Sept 2020** Series B **$40M** [DCM Ventures](https://millionrounds.com/fund/dcm-ventures) [Matrix Partners China](https://millionrounds.com/fund/matrix-partners-china-2) [Source Code Capital](https://millionrounds.com/fund/source-code-capital) Source recorded

## Founders and team

From Cyclone's own website: 2 on the team.

- **Tony Yang** Cofounder and CEO
- **Joseph Wang** Cofounder and CRO

Advisers *Fiduciary Duty*

## Everyone who backed them

[DCM Ventures](https://millionrounds.com/fund/dcm-ventures) Private equity **1** round

[Matrix Partners China](https://millionrounds.com/fund/matrix-partners-china-2) VC firm **1** round

[Source Code Capital](https://millionrounds.com/fund/source-code-capital) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=cyclone).

## Also claim to have backed them

This firm lists Cyclone as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.

[Lavender Hill Capital Partners](https://millionrounds.com/fund/lavender-hill-capital-partners) Private equity Per its own site

## Quick answers about Cyclone

### Who invested in Cyclone?

Cyclone's investors include DCM Ventures, Matrix Partners China and Source Code Capital.

### How much has Cyclone raised?

Cyclone has raised $40M across 1 round since 2020.

### When did Cyclone last raise?

Cyclone's most recent round was a Series B of $40M in Sept 2020.

### What was Cyclone's biggest round?

Its most recent round, $40M in Sept 2020, is also its largest on record.

### Who backed Cyclone first?

Cyclone's first round on record, in Sept 2020, was backed by DCM Ventures, Matrix Partners China and Source Code Capital.

### What stage is Cyclone at?

Cyclone's latest named round is a Series B, in Sept 2020.

## Companies like Cyclone

In the same sector, and raised in the last eighteen months.

[**C-Infinity** $16M · Apr 2026](https://millionrounds.com/company/c-infinity)[**Immensa** Mar 2026](https://millionrounds.com/company/immensa)[**Rootrix** $3.1M · Feb 2026](https://millionrounds.com/company/rootrix)[**Inspire-Robots** Feb 2026](https://millionrounds.com/company/inspire-robots)[**Heliware** $497K · Feb 2026](https://millionrounds.com/company/heliware)[**TuringQ** Jan 2026](https://millionrounds.com/company/turingq)

## Find investors like these

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