Tiandi Hexing Funding, Investors & Competitors

Tiandi Hexing has raised $155M across 4 funding rounds, most recently a $111M Series E in April 2024.

Last Tiandi Hexing funding round

$111M

Series E · Apr 2024

Cumulative funding Tiandi Hexing raised

$155M

across 4 funding rounds

Key investors in Tiandi Hexing

  • Green Pine Capital Partners
  • Addor Capital
  • CrestValue
  • Fibonacci VC
  • Zhongguancun Science City Science
  • Beijing Information Industry Development Investment Fund
  • ZTE
  • China National Nuclear

Tiandi Hexing Overview

About Tiandi Hexing

Tiandi Hexing is a national high-tech enterprise delivering information security for industrial control systems. Beijing Tiandi Hexing Technology Co. focuses on network security and ontology protection through products for monitoring, defense, and management. It provides detection, analysis, safety assessments, and consulting services addressing full lifecycle needs of industrial enterprises in sectors like energy and manufacturing. The company engineers specialized security technologies for control systems used in power plants and factories throughout China.


Founded

2007

HQ

ChinaBeijing

Website

tdhxkj.com

Status

Privately held

Customer focus

B2B

Revenue model

Product sales, Services, Subscription

Tiandi Hexing Funding History

Tiandi Hexing has raised a total of $155M across 4 funding rounds.

Tiandi Hexing's first fundraising round was a $2M Series A in April 2017. The most recent completed round was a $111M Series E in April 2024.

Tiandi Hexing funding rounds

Tiandi Hexing funding rounds
DateStageInvestorsRaisedDeal Summary
Apr 2024Series EBee Fund (lead); Jing Guorui (lead); Unicom CICC (lead); Wangsu Science & Technology; China National Nuclear; Beijing Information Industry Development Investment Fund; Zhongguancun Science City Science; Green Pine Capital Partners$111MTiandi Hexing operates as an industrial cybersecurity firm and was noted as China's largest in the sector in 2024 with 6.7% market share.
Oct 2019Series CAddor Capital (lead); ZTE; Green Pine Capital Partners$28M-
Aug 2018Series BFibonacci VC (lead)$15M-
Apr 2017Series ACrestValue (lead)$2M-

Who has invested in Tiandi Hexing?

12 investors have backed Tiandi Hexing across its funding rounds, including Green Pine Capital Partners, Addor Capital, CrestValue, Fibonacci VC, Zhongguancun Science City Science and Beijing Information Industry Development Investment Fund.

Lead investors include Bee Fund, Jing Guorui, Unicom CICC, Addor Capital, Fibonacci VC and 1 other investor.


Tiandi Hexing Investors

Investors in Tiandi Hexing by funding rounds participated
InvestorHQRoundsRoleFirst check
Green Pine Capital PartnersChinaShenzhen2ParticipantOct 2019
Addor CapitalChinaNanjing1LeadOct 2019
ZTEChinaShenzhen1ParticipantOct 2019
Wangsu Science & TechnologyChinaBeijing1ParticipantApr 2024
Unicom CICCChinaBeijing1LeadApr 2024
Jing GuoruiChinaChina1LeadApr 2024
China National NuclearChinaBeijing1ParticipantApr 2024
Fibonacci VCChinaShenzhen1LeadAug 2018
Beijing Information Industry Development Investment FundChinaBeijing1ParticipantApr 2024
Bee FundChinaGuangzhou1LeadApr 2024

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Tiandi Hexing Competitors

Tiandi Hexing competitors include listed companies like Cadence Design Systems and Autodesk, and private ones like Claroty, Celonis, Temporal Technologies and Certus Core.

Public and private companies comparable to Tiandi Hexing
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
ClarotyUnited StatesNew York City, NYPrivate$200M-$3B15.0x
CelonisGermanyMunichPrivate$400M-$13B32.5x
Temporal TechnologiesUnited StatesSeattle, WAPrivate$250M-$13B50.2x
Certus CoreUnited StatesTampa, FLPrivate--$3.4B-
Cadence Design SystemsUnited StatesUnited StatesPublicly listed$5.3B$1.8B$77B13.0x
AutodeskUnited StatesUnited StatesPublicly listed$7.2B$1.8B$46B5.7x

Tiandi Hexing Public Comps

Tiandi Hexing is still privately-owned, but its public comps include Palo Alto Networks, CrowdStrike, IBM, Fortinet, Cloudflare, Cadence Design Systems, Autodesk, Constellation Software, Okta and Zscaler.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Palo Alto Networks$11B$1B26.7x25.9x301.1x76.9x
CrowdStrike$4.8B($12M)51.4x44.5x(19816.2x)151.0x
IBM$68B$17B4.2x4.0x16.9x14.6x
Fortinet$6.8B$2.3B18.1x15.9x53.7x41.9x
Cloudflare$2.2B($25M)54.6x44.3x(4653.4x)185.1x
Cadence Design Systems$5.3B$1.8B14.8x13.0x44.3x27.3x
Autodesk$7.2B$1.8B6.3x5.7x25.6x14.1x
Constellation Software$12B$2.5B4.0x3.5x18.5x12.9x

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Common questions about Tiandi Hexing

When was Tiandi Hexing founded?Tiandi Hexing was founded in 2007.
Where is Tiandi Hexing headquartered?Tiandi Hexing is headquartered in Beijing, China.
Is Tiandi Hexing publicly listed?No, Tiandi Hexing is a private, VC-backed company.
How much funding has Tiandi Hexing raised?Tiandi Hexing has raised $155M across 4 funding rounds.
What was Tiandi Hexing's last funding round?Tiandi Hexing's last funding round was a $111M Series E in April 2024, led by Bee Fund, Jing Guorui and Unicom CICC.
Who are Tiandi Hexing's investors?Tiandi Hexing's investors include Green Pine Capital Partners, Addor Capital, ZTE, Wangsu Science & Technology, Unicom CICC, Jing Guorui, China National Nuclear, Fibonacci VC, Beijing Information Industry Development Investment Fund, Bee Fund and 2 others.
Which companies are comparable to Tiandi Hexing?Companies comparable to Tiandi Hexing include Claroty, Celonis, Temporal Technologies, Certus Core, Cadence Design Systems and Autodesk.

See companies similar to Tiandi Hexing

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