Zhizhangyi Technology, a China-based mobile cybersecurity software developer that counts conglomerate Fosun as an investor, has received RMB200m ($28.8m) in series B funding, China Money Network reported on Monday.
Gaocheng Capital led the round, investing together with Chang’an Capital and existing backer Beijing Apple Funds, according to a company statement cited by China Money Network.
Zhizhangyi provides mobile security technology for businesses, helping to ensure employee devices are kept secure and company apps can be installed automatically. The technology can restrict the viewing of sensitive data outside of secure areas and prevent illegal downloads.
Fosun affiliate Fosun RZ Capital led a $22.8m series A-plus round for Zhizhangyi in September 2017 that also featured China Growth Capital and APU Investment, doubling the company’s overall funding in the process.
Zhizhangyi’s earlier investors include Fangguang Venture Capital, Lightspeed China Partners and CDF Capital as well as Apple Funds, which has backed it since its $1.5m angel round in 2014, China Money Network stated.
