China Deal Monitor: Cybersecurity startup Moresec nabs $28m and more updates

Cybersecurity startup Moresec Technology has raised nearly 200 million yuan ($28 million) in two rounds of financing led by Oriental Fortune Capital and Ambrum Capital, according to a company statement. 

The two rounds also saw the participation of Qianhai Fof and Maintrend Capital.

Moresec will use the capital to build on its intelligent operation platform, AISecOps, and development system, DevSecOps. 

Set up in 2016, Moresec is active in the finance, government, real estate, technology, education and internet sectors. Moresec has worked with the State Taxation Administration, National Computer Network Emergency Response Technical Team, China Mobile, Huawei, among others. 

CHINA DEAL MONITOR

DealStreetAsia has also put together a table listing out major venture capital transactions in the Greater China region on December 11, 2019. 

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