Yenlex Partners with Trusfort in Completing Series C+ Round of Financing Worth Hundreds of Millions of RMB
Beijing - Trusfort, a security service provider (www.trusfort.com) is pleased to announce the completion of Series C+ round of financing of hundreds of millions of RMB, led by Cathay Capital, with participation from SIG.
This new round of financing will be mainly used for technological research and innovation, brand promotion, sales channel construction and service ecosystem construction.
Previously, Trusfort has received several rounds of investment from a number of well-known institutions, including CBC, YF Fund, SIG, Dreamfly Capital and Redpoint Ventures.
Yenlex, on behalf of Trusfort, fully participated in designing transaction structure, drafting, reviewing and negotiating transaction documents, and transaction closing.
Trusfort is a provider of business security products and services that integrates artificial intelligence and security technologies to form a unified underlying technological capability with three major technology systems: endpoint core security, intelligent security brain and continuous adaptive authentication, as well as four product lines with independent intellectual property: multi-factor authentication, identity access management, online fraud detection, and zero-trust security, to build scenario-based business security solutions across the enterprise and enhances users' risk decision-making ability.
Trusfort proposes the concept of “human-oriented business security”, keeps exploring the implementation path of zero-trust security architecture, uses artificial intelligence to create information security, provides a scenario-based whole life-cycle business security protection solution based on solid enterprise service capabilities, helps customers deal with external business risks and internal identity fraud and promotes the process of building the digital economy.