Cybersecurity Firm XDR SEC Completes Round-A Financing
Beijing-based cybersecurity startup XDR SEC has recently completed A-round financing, with lead investor Legend Capital and co-investor Ultrabuttonwood Capital. All of the firm’s existing shareholders such as Sequoia China also joined as co-investors. Yuanqi Capital acted as the exclusive financial adviser.
XDR SEC was established in October 2020. It is dedicated to providing customers with accurate and comprehensive network security detection, as well as efficient and automated responses to threat operations.
Nowadays, a wide range of enterprises rely on alerts coming from various security products to identify and address threats. In practice, however, most companies are working with limited security resource capabilities and it takes some filtering of various alerts to keep analysis within an acceptable range.
Tang Jiajia, founder and CEO of XDR SEC, shared that the extended detection and response (XDR) platform is dedicated to accessing information such as NDR or EDR through multi-data measurement. It is hoped that the platform can effectively reduce the volume of alerts and improve the efficiency of security services.
XDR SEC started as one of the first independent vendors to focus on XDR in China, successfully launching the country’s first XDR product in January 2021. In July 2021, the company released XDR 2.0 and announced a strategic financing round of nearly 100 million yuan ($15.8 million) from Sequoia China and others.
The firm’s XDR platform unifies network and terminal alert logs and telemetry data and accelerates response to threats. In addition, this platform is open and flexible, and its capabilities and modules are pluggable and accessible through digital interfaces.
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On top of the product improvement, XDR SEC has attracted more customers, including the State Grid, China Telecom and various financial institutions. In the future, the company plans to start focusing on serving SMEs. When it comes to future planning, Tang Jiajia believes that the company will strengthen the detection capability of EDR and NDR, and will keep tuning the engine through the requirements of actual scenarios.