IDG Co-Leads $14M Round In Chinese Smart Security Software Developer HanSight

CASH Capital (Beijing) Investment Management Co., Ltd. and IDG Capital have led a RMB100 million (US$14 million) series B round in HanSight, a Beijing-based smart security software start-up.

HanSight was founded in 2014 by Gao Hanzhao, former head of research and development at multinational security software company Trend Micro Inc.

Unlike existing signature-based intrusion detection systems, HanSight’s products use machine learning to identify abnormal behavior in databases, application systems, networks and security devices, enabling enterprises to shift from a passive to active defense posture. It is expected that the global smart security market size will grow to US$23 billion in 2020, from US$8 billion in 2016, according to Technavio.

The company claims its core product, HanSight NTA, has an accuracy rate of 99% in terms of de...

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