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- Changyang Tech
Changyang Tech Revenue, Valuation, Funding & Investors
Changyang Tech is valued at $861M as of December 2022, a 5.2x multiple on its last reported $167M revenue.
Last Changyang Tech valuation
$861M
Series F · Dec 2022
Last Changyang Tech funding round
$43M
Series F · Dec 2022
Changyang Tech revenue
$167M
Series F · Dec 2022
Key investors in Changyang Tech
Shenzhen Capital Group
Baidu Ventures
Co-Stone Venture Capital
NewMargin Ventures
CITIC Securities
Fenghou Capital
Changyang Tech Overview
About Changyang Tech
Changyang Tech is a Beijing-based provider of industrial Internet of Things security solutions, offering seven product lines such as vulnerability scanners, terminal security gateways, and big data analytics platforms. Its systems protect manufacturing facilities in power and oil sectors across China.
Founded
2017
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Revenue
$167M (Dec 2022)
Valuation
$861M (Dec 2022)
Changyang Tech Valuation
Changyang Tech is currently valued at $861M, based on its Series F in December 2022.
The $43M round was led by Ally Capital, with participation from Anlan Capital and Jingtai Investment.
Changyang Tech valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Dec 2022 | Series F | $861M | 5.2x |
Changyang Tech Revenue
Changyang Tech's latest recorded revenue is $167M, as of its Series F in December 2022. At a $861M valuation, that implies a 5.2x revenue multiple.
Changyang Tech revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Dec 2022 | $167M | $861M | 5.2x | Series F |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Changyang Tech Funding History
Changyang Tech has raised a total of $126M across 5 funding rounds.
Changyang Tech's first fundraising round was a $3M Series A in October 2018. The most recent completed round was a $43M Series F in December 2022.
Changyang Tech funding rounds
| Date | Stage | Investors | Raised | Valuation |
|---|---|---|---|---|
| Dec 2022 | Series F | Ally Capital (lead); Anlan Capital; Jingtai Investment | $43M | $861M |
| May 2021 | Series E | Haidian Guotou (lead); Cornerstone Capital; Baidu Ventures; Shenzhen Capital Group; Shanghai Dingzhang; Jingxi Wenchuang Jijin; Joint Fortune Capital | $27M | - |
| Mar 2021 | Series D | Guoyuan Capital; Shenzhen Capital Group; United Capital PLC | $31M | - |
| Aug 2020 | Series C | China Overseas Venture Capital (lead); Zhonghai Investment; NewMargin Ventures; Restone Capital; Fenghou Capital; Cornerstone Ventures; CITIC Securities | $22M | - |
| Oct 2018 | Series A | Baidu Ventures (lead); Co-Stone Venture Capital | $3M | - |
Who has invested in Changyang Tech?
20 investors have backed Changyang Tech across its funding rounds, including Shenzhen Capital Group, Baidu Ventures, Co-Stone Venture Capital, NewMargin Ventures, CITIC Securities and Fenghou Capital.
Lead investors include Ally Capital, Haidian Guotou, China Overseas Venture Capital and Baidu Ventures.
Changyang Tech Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Oct 2018 | ||
| 2 | Participant | Mar 2021 | ||
| 1 | Participant | Aug 2020 | ||
| 1 | Participant | Aug 2020 | ||
| 1 | Participant | Mar 2021 | ||
| 1 | Participant | Aug 2020 | ||
| 1 | Lead | May 2021 | ||
| 1 | Lead | Aug 2020 | ||
| 1 | Lead | Dec 2022 | ||
| 1 | Participant | May 2021 | ||
| 1 | Participant | Aug 2020 | ||
| 1 | Participant | Dec 2022 | ||
| 1 | Participant | Dec 2022 | ||
This data is available for Pro users. Sign up to see all 20 Changyang Tech investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialChangyang Tech Competitors
Changyang Tech competitors include listed companies like Aeva and CE Info Systems, and private ones like proteanTecs, Greenlabs, COSMOplat and Tractian.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $60M | - | $600M | 10.0x | ||
| Private | $218M | $145M | $840M | 3.9x | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $720M | - | ||
| Publicly listed | $18M | ($139M) | $1.1B | 35.6x | ||
| Publicly listed | $49M | $20M | $508M | 8.7x |
Changyang Tech Public Comps
Changyang Tech is still privately-owned, but its public comps include Yubico, Yunding Technology, Rapid7, Riskified, BeiJing Certificate, Queclink, Asiainfo Security, Mitek Systems, NSFOCUS and CANCOM.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $226M | $19M | 3.3x | 3.2x | 39.7x | 25.6x | |||
| $228M | $22M | 3.6x | - | 37.9x | - | |||
| $860M | $63M | 1.3x | 1.3x | 17.4x | 6.8x | |||
| $345M | ($31M) | 1.8x | 1.6x | (20.3x) | 19.0x | |||
| $125M | ($12M) | 6.7x | - | (70.9x) | - | |||
| $133M | $12M | 4.8x | 4.2x | 51.7x | 29.5x | |||
| $1.2B | ($11M) | 1.2x | 1.1x | (126.2x) | 339.7x | |||
| $180M | $37M | 4.1x | 3.7x | 19.9x | 11.2x | |||
This data is available for Pro users. Sign up to see all Changyang Tech competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Changyang Tech
| When was Changyang Tech founded? | Changyang Tech was founded in 2017. |
| Where is Changyang Tech headquartered? | Changyang Tech is headquartered in Beijing, China. |
| Is Changyang Tech publicly listed? | No, Changyang Tech is a private, VC-backed company. |
| What is Changyang Tech's valuation? | Changyang Tech was last valued at $861M in its Series F in December 2022. |
| How much funding has Changyang Tech raised? | Changyang Tech has raised $126M across 5 funding rounds. |
| What was Changyang Tech's last funding round? | Changyang Tech's last funding round was a $43M Series F in December 2022, led by Ally Capital. |
| Who are Changyang Tech's investors? | Changyang Tech's investors include Baidu Ventures, Shenzhen Capital Group, Zhonghai Investment, NewMargin Ventures, Guoyuan Capital, Restone Capital, Haidian Guotou, China Overseas Venture Capital, Ally Capital, Cornerstone Capital and 10 others. |
| What is Changyang Tech's revenue? | Changyang Tech's latest recorded revenue is $167M (December 2022). |
| What is Changyang Tech's revenue multiple? | Changyang Tech's latest valuation implies a 5.2x revenue multiple ($861M valuation on $167M of revenue). |
| Which companies are comparable to Changyang Tech? | Companies comparable to Changyang Tech include proteanTecs, Greenlabs, COSMOplat, Tractian, Aeva and CE Info Systems. |
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