Qingteng Cloud Security’s Series B Snares USD32 Million

Qingteng Cloud Security’s Series B Snares USD32 Million

Tang Shihua

Date: Mon, 02/26/2018 - 18:44 / source:Yicai
Qingteng Cloud Security’s Series B Snares USD32 Million
Qingteng Cloud Security’s Series B Snares USD32 Million

(Yicai Global) Feb. 26 -- Qingteng Cloud Security, a Chinese security service startup, has completed its Series B financing, raising CNY200 million (USD32 million) and will apply it to continue providing security services in the finance and Internet sectors, as well as other areas with rigid demand such as government and education, it announced today, internet media Lieyunwang reported.

Sequoia Capital China led the round. Series A investors China Broadband Capital, Redpoint Ventures, and angel investor ZhenFund also continued as co-investors.

Headquartered in Beijing and founded in 2014, Qingteng researches and develops new-generation host security products. It was the first Chinese company to develop self-adaptive security ideas into products.

Host security, as the so-called last mile of enterprise security, is becoming more and more important commercially. Since its inception, Qingteng has provided services to nearly 100 firms, including startups, unicorns, and traditional big companies. Its products and technologies have won wide recognition from internet, finance and telecommunication leaders.

Qingteng has served various customers in the banking, fund, securities, and insurance fields over the past year, including well-known financial institutions like Ping An Technology (Shenzhen) Co.China Everbright Bank Co., Essence Securities co. and ICBC Credit Suisse Asset Management Co. Its internet finance customers include over 10 model enterprises in the internet finance sector, such as LU.com, CreditEase, 9Fbank.com, and NCF Group, as well as new internet startups like Douyu.com, Inke.cn, and Bilibili.

Qingteng, Symantec Corp., McAfee Inc., Kaspersky Lab, and other first-tier international security service providers were listed in Gartner’s Market Guide for Cloud Workload Protection Platforms last year. Qingteng was the only Asia-Pacific startup appearing in Gartner’s list of Cool Vendors in Cloud Security, 2017.

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Keywords: FINANCING, Internet Safety Service, Qingteng