Sequoia Capital China leads Series A in Dingxiang Technology

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Sequoia Capital China has led the series A round of funding in Beijing-based internet security systems developer Dingxiang Technology, according to China Money Network’s report. Financial terms were not disclosed.

Founded by a group of former engineers from Chinese giants such as Alibaba, Tencent and Huawei, Dingxiang Technology has developed security protection for companies on different levels, in different sectors and dimensions.

The company claims that its products can protect all kinds of platforms and devices and its “Clone Defense” allows different companies to share risk control models, yet, secure each company’s data.

Sequoia Capital has been actively invested in Chinese companies since it was established in 2005 by Neil Shen, founder of online travel company International Ltd.

The US-based venture firm cited in the filing this month that it had raised nearly $2 billion for its Global Growth Fund II for investing in China, India and the United States, and another $900 million for Sequoia’s China Growth Fund IV. Last week, it announced it had led a $400-million series B in Guazi, a Chinese second-handed car trading platform.

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