Tencent was among the participants in a pre-series A round for IoT security outfit Zeepson that was sized at approximately $14.4m.
China-based internet-of-things (IoT) security product maker Zeepson has attracted more than RMB100m ($14.4m) in a pre-series A round featuring internet group Tencent and venture capital firm LeBox Capital, China Money Network has reported.
Founded in 2008 and officially known as Beijing Zeepson Technology, Zeepson initially focused on military security applications but has since pivoted to mainly supply internet-of-things (IoT) security products for customers in the commercial sector.
Corporate clients now account for approximately 40% of Zeepson’s sales. Its products include…
