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- Qingteng Cloud Security
Qingteng Cloud Security Valuation, Funding & Investors
Qingteng Cloud Security is valued at $938M as of December 2015.
Last Qingteng Cloud Security valuation
$938M
Series A · Dec 2015
Last Qingteng Cloud Security funding round
$93M
Series C · Jun 2021
Cumulative funding Qingteng Cloud Security raised
$178M
across 4 funding rounds
Key investors in Qingteng Cloud Security
ZhenFund
CBC Capital
HSG
Redpoint
GGV Capital
Redpoint Ventures China
About Qingteng Cloud Security
Qingteng Cloud Security is a Beijing-headquartered platform delivering adaptive security for servers and workloads across public, private, hybrid clouds, physical, and virtual machines. It integrates prediction, prevention, detection, response, and situation awareness for unified policy management and threat mitigation.
Founded
2014
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$938M (Dec 2015)
Qingteng Cloud Security Valuation
Qingteng Cloud Security is currently valued at $938M, based on its Series A in December 2015.
The $9M round was led by CBC Capital and Redpoint, with participation from ZhenFund and Cloud Angel Fund.
Qingteng Cloud Security valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Dec 2015 | Series A | $938M |
Qingteng Cloud Security Funding History
Qingteng Cloud Security has raised a total of $178M across 4 funding rounds.
Qingteng Cloud Security's first fundraising round was a $9M Series A in December 2015. The most recent completed round was a $93M Series C in June 2021.
Qingteng Cloud Security funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2021 | Series C | GGV Capital (lead); ZhenFund; Zoo Capital; CBC Capital; Broad Vision Funds; HSG; Redpoint Ventures China | $93M | - | Qingteng Cloud Security, a Beijing-based cloud security technology firm founded in 2013, completed a Series C funding round of approximately $94 million (or $93.8 million) on June 6-7, 2021, led by GGV Capital. Participating investors included Greater Bay Area Homeland Investments (HSG/Broad Vision Funds), Sequoia Capital China, Redpoint Ventures China, CBC Capital, and ZhenFund, with some described as re-upping from prior rounds. This followed earlier financings: Series A of $9.3 million in December 2015 and Series B of $32 million in February 2018, bringing total funding to around CNY 567 million (USD 83 million) across four rounds as of early 2020 data. The round aligns with growing emphasis on cloud security in China, positioning Qingteng as a key player amid increasing data security regulations and tech crackdowns. |
| Jan 2020 | Series B | Greater Bay Area Homeland Development Fund (lead) | $44M | - | Qingteng Cloud Security is a Beijing-based cybersecurity company founded in 2013, specializing in adaptive security architecture for cloud services, including host security and container services. The company completed a Series B+ funding round on January 14, 2020, raising CNY 300 million (approximately USD 43.5 million), led by Greater Bay Area Homeland Development Fund, with prior investors including Sequoia China, ZhenFund, China Broadband Capital, and Redpoint Ventures. This brought total funding to CNY 567 million (USD 83 million) across four rounds, following a Series B of CNY 200 million (USD 29.3 million). The new capital is earmarked for R&D in host security services and container services to enhance the product portfolio, as well as business expansion, particularly into the Greater Bay Area to leverage the lead investor's base for local partnerships and cloud security implementation. Qingteng's core offering positions it at the forefront of cloud security trends like Container-as-a-Service. In the broader Chinese enterprise security sector, deal counts have declined since the 2017 peak of over 148 investments, but funding amounts have increased, reflecting a trend toward larger later-stage rounds. |
| Feb 2018 | Series B | HSG (lead); ZhenFund; Redpoint; CBC Capital | $32M | - | Qingteng Cloud Security, a Beijing-based cybersecurity startup founded in 2014, develops new-generation host security products based on self-adaptive security architecture, positioning itself as the first Chinese company to commercialize adaptive security ideas. The company focuses on cloud workload protection, serving as the 'last mile' of enterprise security, and has provided services to nearly 100 firms including startups, unicorns, and large enterprises in finance, internet, government, and education sectors. In its Series B funding round announced on February 26, 2018, Qingteng raised CNY 200 million (approximately USD 32 million), led by Sequoia Capital China, with continuing investment from Series A backers China Broadband Capital, Redpoint Ventures, and ZhenFund. The funds were intended to expand security services in high-demand areas like finance, internet, government, and education. Notable customers include Ping An Technology, China Everbright Bank, Essence Securities, ICBC Credit Suisse Asset Management, LU.com, CreditEase, 9Fbank.com, Douyu.com, Inke.cn, and Bilibili. Qingteng has gained recognition alongside global leaders like Symantec, McAfee, and Kaspersky in Gartner's Market Guide for Cloud Workload Protection Platforms, and was the only Asia-Pacific startup in Gartner's Cool Vendors in Cloud Security 2017 list. By early 2020, it had raised a total of CNY 567 million across four rounds, followed by a Series B+ of CNY 300 million from Greater Bay Area Homeland Development Fund to enhance host and container security R&D and enter new markets. |
| Dec 2015 | Series A | CBC Capital (lead); Redpoint (lead); ZhenFund; Cloud Angel Fund | $9M | $938M | Qingteng Cloud Security is a Beijing-based cybersecurity company founded in 2013 that specializes in cloud security services built on an adaptive security architecture, with a focus on container-as-a-service solutions. The company raised a Series A round of CNY 60 million (USD 9.3 million) on December 27, 2015, led by China Broadband Capital (CBC) and Redpoint Ventures, with participation from ZhenFund. The round valued the company at approximately USD 937.88 million on a post-money basis. As of the Series A, Qingteng had already attracted backing from prominent early-stage investors including ZhenFund and China Broadband Capital. The funding was designated for product development and business expansion in the Chinese cybersecurity market, which was experiencing significant growth driven by increasing awareness of cyberattacks and data security concerns. |
Who has invested in Qingteng Cloud Security?
10 investors have backed Qingteng Cloud Security across its funding rounds, including ZhenFund, CBC Capital, HSG, Redpoint, GGV Capital and Redpoint Ventures China.
Lead investors include GGV Capital, Greater Bay Area Homeland Development Fund, HSG, CBC Capital and Redpoint.
Qingteng Cloud Security Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Participant | Dec 2015 | ||
| 3 | Lead | Dec 2015 | ||
| 2 | Lead | Dec 2015 | ||
| 2 | Lead | Feb 2018 | ||
| 1 | Participant | Jun 2021 | ||
| 1 | Lead | Jan 2020 | ||
| 1 | Participant | Dec 2015 | ||
| 1 | Participant | Jun 2021 | ||
This data is available for Pro users. Sign up to see all 10 Qingteng Cloud Security investors. Start Free Trial | ||||
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Start Free TrialQingteng Cloud Security Competitors
Qingteng Cloud Security competitors include listed companies like CANCOM, Baudroie and Net263, and private ones like Defense Unicorns, JupiterOne and Solo.io.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Publicly listed | $2B | $118M | $740M | 0.4x | ||
| Publicly listed | $112M | $24M | $595M | 4.3x | ||
| Publicly listed | $119M | ($29M) | $935M | - |
Qingteng Cloud Security Public Comps
Qingteng Cloud Security is still privately-owned, but its public comps include Net263, SAKURA Internet, NSFOCUS, BeiJing Certificate, Montnets, cyber_Folks, Rackspace, Wiit, Systena and Backblaze.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $119M | ($29M) | 7.4x | - | (30.1x) | - | |||
| $227M | $54M | 4.8x | 4.1x | 19.9x | 14.1x | |||
| $379M | $37M | 2.6x | 2.4x | 26.1x | 25.6x | |||
| $125M | ($12M) | 6.7x | - | (70.9x) | - | |||
| $389M | ($17M) | 2.5x | - | (55.5x) | - | |||
| $226M | $72M | 5.1x | 4.3x | 16.1x | 13.0x | |||
| $2.7B | $244M | 1.5x | 1.6x | 17.1x | 15.0x | |||
| $193M | $51M | 6.0x | 6.0x | 22.7x | 14.3x | |||
This data is available for Pro users. Sign up to see all Qingteng Cloud Security competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Qingteng Cloud Security
| When was Qingteng Cloud Security founded? | Qingteng Cloud Security was founded in 2014. |
| Where is Qingteng Cloud Security headquartered? | Qingteng Cloud Security is headquartered in Beijing, China. |
| Is Qingteng Cloud Security publicly listed? | No, Qingteng Cloud Security is a private, VC-backed company. |
| What is Qingteng Cloud Security's valuation? | Qingteng Cloud Security was last valued at $938M in its Series A in December 2015. |
| How much funding has Qingteng Cloud Security raised? | Qingteng Cloud Security has raised $178M across 4 funding rounds. |
| What was Qingteng Cloud Security's last funding round? | Qingteng Cloud Security's last funding round was a $93M Series C in June 2021, led by GGV Capital. |
| Who are Qingteng Cloud Security's investors? | Qingteng Cloud Security's investors include ZhenFund, CBC Capital, Redpoint, HSG, Zoo Capital, Greater Bay Area Homeland Development Fund, Cloud Angel Fund, Broad Vision Funds, GGV Capital and Redpoint Ventures China. |
| Which companies are comparable to Qingteng Cloud Security? | Companies comparable to Qingteng Cloud Security include Defense Unicorns, JupiterOne, Solo.io, CANCOM, Baudroie and Net263. |
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