Medical device maker Yuwell participated in a round for data security software provider Meichuang that is reportedly its fourth since 2005.
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,…
