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- Tiandi Hexing
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
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
Website
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
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Apr 2024 | Series E | Bee 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 | $111M | Tiandi 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 2019 | Series C | Addor Capital (lead); ZTE; Green Pine Capital Partners | $28M | - |
| Aug 2018 | Series B | Fibonacci VC (lead) | $15M | - |
| Apr 2017 | Series A | CrestValue (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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Oct 2019 | ||
| 1 | Lead | Oct 2019 | ||
| 1 | Participant | Oct 2019 | ||
| 1 | Participant | Apr 2024 | ||
| 1 | Lead | Apr 2024 | ||
| 1 | Lead | Apr 2024 | ||
| 1 | Participant | Apr 2024 | ||
| 1 | Lead | Aug 2018 | ||
| 1 | Participant | Apr 2024 | ||
| 1 | Lead | Apr 2024 | ||
This data is available for Pro users. Sign up to see all 12 Tiandi Hexing investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialTiandi 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.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $200M | - | $3B | 15.0x | ||
| Private | $400M | - | $13B | 32.5x | ||
| Private | $250M | - | $13B | 50.2x | ||
| Private | - | - | $3.4B | - | ||
| Publicly listed | $5.3B | $1.8B | $77B | 13.0x | ||
| Publicly listed | $7.2B | $1.8B | $46B | 5.7x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $11B | $1B | 26.7x | 25.9x | 301.1x | 76.9x | |||
| $4.8B | ($12M) | 51.4x | 44.5x | (19816.2x) | 151.0x | |||
| $68B | $17B | 4.2x | 4.0x | 16.9x | 14.6x | |||
| $6.8B | $2.3B | 18.1x | 15.9x | 53.7x | 41.9x | |||
| $2.2B | ($25M) | 54.6x | 44.3x | (4653.4x) | 185.1x | |||
| $5.3B | $1.8B | 14.8x | 13.0x | 44.3x | 27.3x | |||
| $7.2B | $1.8B | 6.3x | 5.7x | 25.6x | 14.1x | |||
| $12B | $2.5B | 4.0x | 3.5x | 18.5x | 12.9x | |||
This data is available for Pro users. Sign up to see all Tiandi Hexing competitors and their valuation data. Start Free Trial | ||||||||
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. |
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