Cybersecurity Insurance Provider Yuanbao Tech Completes A Round of Financing led by GL Ventures
On August 28th, cybersecurity insurance service provider Yuanbao Tech announced that it had completed a ¥ 10-million-level A round of financing. The investment was led by GL Ventures, with participation from Raymond AMC and TusStar.
The fund will mainly be used for R&D and team expansion. With the development of Internet technologies, cyber-attacks such as ransomware and data leakage have brought huge risks of economic and reputation loss to many organizations. Corporate customers in major economic regions in Europe, North America, and the Asia Pacific have listed cyber-attacks as one of the key threats.
Based on its quantitative risk assessment technology with independent intellectual property rights, Yuanbao Tech provides customers with industry-leading service + insurance proactive risk management solutions to reduce the probability of cybersecurity incidents. (Source: 36Kr)
China CITIC Bank Intends to Inject 2.027 billion yuan into AiBank
On August 27th, China CITIC Bank announced that it will make a capital increase of 2.027 billion yuan in AiBank.
AiBank is a direct banking…
