Changyang Tech closes RMB150m Series C

2020-08-09
|
Isiah Liu

Changyang Tech closes RMB150m Series C

Changyang Tech, a national high-tech enterprise focusing on industrial Internet security, industrial information security, industrial security situational awareness and secure AI big data applications, has recently completed a 150 million yuan Series C financing round.


The round was jointly invested by Zhonghai Venture Capital, Cornerstone Capital, NewMargin Ventures, CITIC Securities, Restone Capital and Fenghou Capital.


Fan Yu, Founder and President of Changyang Tech, said that proceeds from this financing round will be used to consolidate and strengthen the company's technological leadership, daily operations and major project support.


By investing in the above three aspects, the company will promote the comprehensive optimization of the existing industrial control security protection product system, industrial internet security situational awareness product system and industrial vision AI security product system; further enhance the company's independent research and development capabilities, continuous innovation capabilities, and core competitiveness in niche industries in the field of industrial Internet security.


In the meantime, the company will strengthen its commercial operations.


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