China Deal Monitor: Addor Capital backs TDHX's $28m round and more updates

TDHX, a Chinese firm that develops intelligent security solutions for industrial process control, has raised nearly 200 million yuan ($28 million) in Series C and C+ rounds of financing.

The Series C round was led by Chinese venture capital firm Addor Capital, while the Series C+ round was backed by Shenzhen-based telecom equipment manufacturer ZTE Corporation and Chinese investment platform Green Pine Capital Partners, TDHX announced in a statement released on its WeChat official account on Friday.

TDHX, founded in 2007 and fully known as TDHX Industrial Network Security, operates as a high-tech enterprise providing solutions for industrial process control, including the protection of information security, detection, and analysis, safety assessment, as well as consulting services.

The company has offered services to over 300 clients across 29 provinces in China, covering industries like transportation, energy, government affairs, and smart manufacturing.

Proceeds will be used for the research and development of technologies and products used in industrial process control, as well as the expansion of strategic cooperation with companies in other industries.

CHINA DEAL MONITOR

DealStreetAsia has also put together a table listing out all prominent venture capital transactions in the Greater China region from October 24 to October 25, 2019.

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