China cybersecurity player ThreatBook raises $77m

Founded in 2015 by executives from Amazon, Microsoft, Alibaba Group, Baidu and Meituan, the company focuses on threat intelligence solutions. Rather than targeting cyberattacks after the fact, it helps companies to establish comprehensive threat monitoring systems that provide real-time, actionable threat intelligence to prevent future attacks.

ThreatBook offers software-as-a-service-based products such as a threat analysis platform, threat intelligence subscription-based services, machine-readable threat intelligence, and situational awareness systems.

The company has a staff of 300 and claims to serve 300 large-scale corporate and government customers. They include State Grid Corporation of China, PetroChina, Industrial & Commercial Bank of China, China Merchants Bank, JD.com, CITIC Group, mobile device manufacturer Oppo, and ride-hailing platform Didi.

Northern Light Venture Capital led the company's angel round in 2015 alongside Cloud Angel Fund and Security Industry Fund. This was followed by a RMB35 million round in 2016 from CrestValue Capital, Northern Light and China Soft Investment.

Hillhouse led a RMB120 million Series B round in 2017 and co-led a RMB100 million Series C in 2019 with Star Road Venture. ThreatBook secured RMB300 million in Series D funding last September from CICC Capital, CITIC Securities, and V Fund, according to AVCJ Research.

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• Topics
• Greater China
• Expansion
• Technology
• China
• Cybersecurity
• V Fund
• Citic Private Equity
• Northern Light Venture Capital
• Hillhouse Capital Management