Meichuang Technology Secures RMB 100 Million in New Funding to Capture Sensitive Data Security Markets Including Healthcare

Sep 20, 2018 11:28 CST Updated 11:28

Recently, Hangzhou Meichuang Technology Co., Ltd. (hereinafter referred to as "Meichuang Technology"), a leading vendor in data security, announced the completion of a new round of financing, securing hundreds of millions of RMB. This round was led by Yinghua Capital, with participation from Puhua Capital, Oriental Fortune Capital, and Laida Capital. The funds will primarily be allocated to product research and development, expanding industry brand influence, and enhancing regional sales coverage.

According to VCBeat (WeChat Official Account: vcbeat), Hangzhou Meichuang Technology Co., Ltd. (hereinafter referred to as “Meichuang Technology”) is an enterprise focused on data management, dedicated to exploring and unlocking the value of data across multiple dimensions, including data security, disaster recovery, integration, analytics, and operations and maintenance. Its data management products and services are widely applied inHealthcare, Social Security, Port Logistics, Finance, Government, Power and Energy, and many other industries.

Founded in Hangzhou in 2005 by a team of senior database experts, Meichuang Technology has pursued a nationwide development strategy driven by growing market demand, years of accumulated experience, superior product technology, and strong customer reputation. The company has successively established branches in Beijing, Guangzhou, Wuhan, Nanjing, Ningbo, Quzhou, and other cities across China.

With over a decade of establishment, leveraging its exceptional database technical expertise and product R&D capabilities, Meichuang Technology has developed integrated data security solutions tailored for multiple industries. It has formed a comprehensive, in-depth defense security system that spans external threat prevention, internal risk control, data accountability and traceability, data sharing and exchange, cloud security, and business continuity. The company has launched a series of commercialized products, including Database Water Dam, Database Audit, Transparent Database Encryption, Database Firewall, Data Masking, Noah Anti-Ransomware, Disaster Recovery and High Availability, and Data Governance. Adhering to the philosophy of "Customer First," Meichuang Technology advocates a proactive service model, enhancing users' overall security defense capabilities through an integrated approach combining Operations All-in-One Appliances, Operations Cloud, remote database experts, and localized services.

Currently, the capital market has become increasingly cautious and even adopt a wait-and-see approach toward investments. However, Meichuang Technology’s latest funding round was swiftly and successfully completed. For Meichuang Technology, this round of financing not only secures strong capital support but also demonstrates the capital market’s recognition of and confidence in the company’s development.

Meichuang Boss

Liu Zunliang, General Manager of Meichuang Technology, stated that in the era of artificial intelligence, the value of data has become increasingly prominent. Traditional perimeter defense measures are gradually becoming ineffective and are being replaced by next-generation security technologies, concepts, and requirements. As a result, data security is emerging as a key growth driver for the security industry. Meichuang Technology is targeting the blue-ocean market of sensitive data security. By leveraging the characteristics of data flow, the company is implementing an innovative “Zero Trust Data Security Architecture” to help users transition their security strategies from “passive defense” to “proactive prevention.”

Yinghua Capital

Zhang Ningyu, Founding Managing Partner at Yinghua Capital, stated that with the rapid expansion of global data volume and the continuous rise in data security threats, the data security market has experienced high-speed growth. Leveraging years of industry experience and sustained technological innovation, the founding team of Meichuang Technology has established the company as a leading enterprise in China’s data security market, possessing significant growth potential and competitive advantages. We look forward to collaborating with Meichuang to contribute to the development of China’s data security industry.

Eastern Fuhai

Huang Guoqiang, Partner and Managing Partner of the TMT Fund at Oriental Fortune Capital, stated that as one of the influential VC/PE firms in China, Oriental Fortune Capital has always maintained a high level of attention to the security and big data sectors. Even in a cooling capital market, the firm has ensured a steady pace of investment. Through communication and due diligence with Meichuang Technology, we found that their product direction and value orientation are highly aligned with Oriental Fortune Capital’s consistent investment strategy. Investing in such projects at this time not only reflects our hope that Meichuang Technology will achieve better commercial performance in the future market but also aims to convey confidence to all enterprises that emphasize both technological and commercial capabilities, jointly promoting overall industry progress.

Puhua Capital

Wu Xiaofeng, Partner at Puhua Capital, stated that information security is one of the key sectors targeted by Puhua Capital. He was deeply impressed by the strong technical background and business development capabilities of the founding team of Meichuang Technology, noting that it is rare in the industry to find a team excelling in both product development and operations. The company has entered a phase of rapid growth, and Puhua Capital looks forward to Meichuang Technology continuing to lead and drive the development of the data security industry in the future.

Source: Hangzhou Meichuang Technology Co., Ltd.