China-based cybersecurity technology developer Hangzhou Meichuang Technology has received RMB150m ($21m) from investors including medical device manufacturer Yuwell, DealStreetAsia reported yesterday, citing a WeChat post by the company.
CBC Capital and Sharewin Investment co-led the round, which was also backed by Cybernaut Investment Group and Oriental Fortune Capital, while Mima Capital advised Meichuang on the transaction.
Founded in 2005, Meichuang has built a cybersecurity software platform used to safeguard data for enterprise customers operating in areas such as industrial manufacturing, finance, energy, transportation, healthcare and education.
The round was the fourth to be raised by the company according to DealStreetAsia, including $14.6m in a September 2018 round. Its earlier investors include water pump manufacturer Leo Group, China Elite Capital, Puhua Capital, Sinowisdom, CrestValue Capital and Jingen Group.
