Changyang Tech, a Chinese industrial Internet security solutions provider, has snapped up a total of $300 million yuan ($43.6 million) in two separate Series F rounds.
The firm will use the proceeds to innovate its core technology as well as build up its research facility.
Led by Chinese private equity firm Ally Capital, Changyang’s Series F2 round was joined by Anlan Xinyang; while the previous backer Gentai Capital also re-upped in the round, according to the announcement published by Ally Capital via its WeChat official account last Friday. The announcement did not divulge the investor details of Changyang’s Series F1 round.
Founded in 2017, Beijing-based Changyang completed its Series D, E1, and E2 rounds in 2021, amassing a total of around $73 million in that year alone.
CHINA DEAL MONITOR
DealStreetAsia has also put together a table listing all prominent venture capital transactions in the Greater China region from December 26 – 31, 2022.