China cybersecurity provider ThreatBook raises $47m

The extension brings the entire Series E to CNY 800m, following a CNY 500m tranche completed last March. That was led by CPE, with a re-up from existing backer V Fund.

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

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

On closing the first tranche of the Series C, ThreatBook claimed to have 300 large-scale corporate and government customers across government, energy, banking, insurance, manufacturing etc. They include State Grid Corporation of China, PetroChina, Industrial & Commercial Bank of China, China Merchants Bank, JD.com, CITIC Group, and mobile device manufacturer Xiaomi.

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 CNY 35m round in 2016 from CrestValue Capital, Northern Light and China Soft Investment.

Hillhouse led a CNY 120m Series B round in 2017 and co-led a CNY 100m Series C in 2019 with Star Road Venture. ThreatBook secured CNY 300m 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
• CDH Investments Management