Online Security Startup Anquanbao Secures Series B Funding

The Chinese online security outsourcing company has secured series B investment, for an unknown sum, led by Northern Light Ventures. Beijing-based incubator Innovation Works also participated in this second round for Anquanbao, just as it did in the first.

The funding news was revealed by Innovation Works founder Kai-Fu Lee. His incubator ploughed in about $5 million into the first Anquanbao round.

We first encountered the security startup back in November of last year when Anquanbao impressed at the TechCrunch Disrupt Beijing event. Indeed, the team emerged as the runner-up in the Disrupt Battlefield finale.

In Anquanbao’s startup pitch, the team said that they foresee a trend towards security outsourcing for business sites in China, to safeguard them against hackers and DDoS attacks. The startup said it aims to serve two million company sites in China, and 60,000+ government-run websites. Currently the service is growing, and now has just over 6,000 clients.

As for Innovation Works, it recently added $224 million to its second funding war-chest.

[Source: Sina Tech - article in Chinese]

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