China Communications Construction has backed the enterprise cybersecurity insurance provider’s $15.5m round, as did Nio Future Capital.
China-based cybersecurity insurance provider Yuanbao Tech has raised more than RMB100m ($15.5m) in a series B round featuring engineering group China Communications Construction, China Banking and Insurance News has reported.
Private equity firm Citic Capital led the round, which included electric vehicle manufacturer Nio’s Future Capital affiliate as well as TusStar, Landstone Capital and Turing Ventures.
Founded in 2018, Yuanbao provides insurance products focusing on enterprise network security management, covering various industries including finance, healthcare, automotive, education and internet.
The…
