Tencent was among the participants in a round for the cybersecurity technology provider, which counts Baidu and Qihoo 360 among its earlier investors.

China-based cybersecurity software producer NextData secured $135m in series D funding yesterday from investors including internet group Tencent.

Chinese state-backed investment bank Citic Group’s Citic Private Equity Funds Management unit, private equity firm Hopu Investment Management and venture capital firms Matrix Partners China and Xiang He Capital filled out the round.

Also known as Shumei in Chinese, NextData has built artificial intelligence-equipped e-commerce and marketing fraud detection software tools that utilise audio, image and video recognition technology.

Tang Huijun, NextData’s…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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