Industrials Oct 25, 2021 10:07 AM (GMT+8) · EqualOcean
Recently, authing, the identity cloud platform, announced the completion of round a financing of US $23 million. This round of financing was led by Tiger Global Fund, followed by CDH VGC (innovation and Growth Fund), voice network Agora, the old shareholder GGV Jiyuan capital and Qiji Chuangtan, and jumped into capital as the exclusive financial adviser. Authing said that the current round of financing funds will be mainly used to increase R & D investment, talent introduction and market expansion, so as to improve the product matrix and accelerate the commercialization process. Thanks to the company's leading product technology advantages in the identity field and rapid commercialization progress, authing won the favor of top capital after 9 months. According to public information, authing has completed three rounds of financing since its establishment in 2019. In October 2020, authing announced that it had obtained tens of millions of angel round financing from Qiji Chuang altar founded by Huachuang capital and Dr. Lu Qi in the early stage of the epidemic. In January 2021, authing announced that it had obtained US $5 million pre-A round of financing exclusively invested by GGV Jiyuan capital. With many outstanding performances in technological innovation, product competitiveness and marketization, authing has been deeply recognized by the industry and the market since its launch. In 2019, authing was successively included in the white paper on China's network security industry (2018) and the 2019 network security product report (panorama of security products).