Data Security Company Hongtu Tech Completes Pre-A Round of Financing Worth Millions

data security
(Source: SmartAction)

Shenzhen Hongtu Tech Co., Ltd. recently announced its completion of a Pre-A round financing worth of tens of millions of yuan. The leading investor was Yuan Partners with Weicun Zhike and existing shareholder Sequoia China Seed Fund as co-investors. Winsoul Capital acted as the exclusive financial consultant.

Hongtu Tech was established in September 2020 and and is a sci-tech innovation enterprise focusing on data security. The company initiated the concept of full-link data security and constructed the methodology of GOPR, which refers to data security governance, security operation, protection and risk response.

Regarding this methodology, Hongtu Tech has released data security governance products that include data asset management, link asset management and application asset management functions. In addition, for data security operations in particular, Hongtu Tech has also released data security audit products.

Supporting products fundamentally are Hongtu’s five core technologies, namely, characteristic data (private data) identification engine, non-characteristic data (business data) identification engine, link tracking engine, application log dynamic collection and four-layer association analysis of user, application, database and access data, covering data identification, data links and audits respectively.

At present, Hongtu Tech products can currently be found in some banking, insurance and fund institutions, as well as some companies in the Internet tech sector, logistics and medical industries. To meet customer demand, some enterprises have asked for data security governance and data security audits respectively, which  Hongtu provides according to demand.

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At present, data security has attracted much attention in the security industry and venture capital fields. The issue became particularly important as the Data Security Law and the Personal Information Protection Law, which was announced back in August of this year, went into effect officially on September 1st and November 1st respectively.