Poly Group unit Poly Huixin Fund Investment Management was among the new investors for the industrial cybersecurity software provider.
China-based industrial cybersecurity system developer Winicssec has secured RMB300m ($46m) in series D funding from investors including government-owned real estate developer Poly Group, DealStreetAsia reported yesterday.
The $31bn state-owned Capital Venture Investment Fund led the round, while Poly Group participated through its Poly Huixin Fund Investment Management vehicle.
Founded in 2014, Winicssec has developed cybersecurity technology for use in industrial and internet-of-things systems. It reportedly made a net profit of roughly $6m from about $40m in revenue in 2020.
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