360 Enterprise Security Group, the portfolio of AlphaX Partners, announced that it had completed the pre-B round financing with the amount of RMB 1.25 billion.
After that investment, its valuation reached RMB 18.75 billion. As the first institutional investor of 360 Enterprise Security Group, Alphax Partners participated in its A round financing and congratulated Qi Xiangdong, the founder of 360 as well as his whole team.
We firmly believe that 360 Enterprise Security Group will maintain its rapid development and make more effective contributions to improve China's Internet security protection capabilities. According to statistics, the size of China's cybersecurity market is expected to exceed 100 billion yuan by 2022.
Therefore, Alphax Partners will continually pay attention to the enterprise-level security services. 360 Enterprise Security Group focuses on providing comprehensive network security solutions for government and enterprise customers with “making the network more secure and making the world a better place” as the mission, and “data-driven security” as the technical idea.
It has provided comprehensive and effective security protection to over one million enterprise customers, including central government ministries and large state-owned enterprises, and won unanimous praise from them.