36氪 first launch丨 "Hongtu Technology" received Sequoia's tens of millions of angel round investment, will create a new generation of data security products

36氪 first launch丨 “Hongtu Technology” received Sequoia’s tens of millions of angel round investment, will create a new generation of data security products

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Author丨Qiu Xiaofen, Editor丨Ting Zhang

36 Krypton learned that Shenzhen Hongtu Technology Co., Ltd. (hereinafter referred to as Hongtu Technology) has received tens of millions of angel investment from Sequoia China Seed Fund to create a new generation of personal privacy and data security products. Hongtu Technology was established in October 2020, focusing on personal privacy and data security products.

At present, personal privacy and data security are receiving great attention from the industry.

On June 10, the “Data Security Law of the People’s Republic of China” was promulgated and will be officially implemented on September 1. This is also China’s first special law on data security. Data security laws and regulations and related policies have been promulgated one after another to further promote the importance of privacy and data security governance, operation and protection from all walks of life.

In addition, from the perspective of the enterprise, with the expansion of business and the acceleration of enterprise digital transformation, data has become a new production factor and core asset of the company.

Liu Xinkai, founder and CEO of Hongtu Technology, discovered in the promotion of cooperation that customers in various industries have significantly increased their needs and attention to personal privacy and data security. The company starts with data security governance and conducts systematic data security operations and protection.

The company’s main products are:

  • Personal privacy and data security management products: Based on the automatic sorting of data attributes, complete circulation paths and application attributes of global data, data assets are controlled.
  • Personal privacy and data security audit products: By building a comprehensive audit traceability capability, prevent the abuse of data assets, and build a new data security audit capability.

Red Way Technology Data Security Governance Product Architecture

According to Liu Xinkai, the current company’s customers are mainly distributed in the fields of finance, pan-Internet, and the new economy. Customers generally have a high degree of digitalization, a sound application system, a high degree of concern for privacy, data innovation, and strong business-driven attributes. Red Way Technology adopts a subscription-based charging method.

The company will continue to develop and strengthen the personal privacy and data security GOPR product matrix based on the concept of data native security, and provide customers with cross-generation privacy and data security governance, operation, protection and response capabilities and values.

“Hongtu Technology” has more than 35% of the master and Ph.D employees, has 8 patents, 8 software titles, and has passed the dual-soft qualification, ISO27701 personal privacy information security management system, ISO27001 information security management system, and ISO9001 quality management system certification .

As for the founding team, the founder Liu Xinkai has nearly 20 years of security experience. He is currently the executive director of the China Cyberspace Emerging Technology Security Forum and an expert of the China Information Security Standards Committee. Head of Internal Control Department.

During his tenure at SF Express, Liu Xinkai was responsible for the design, construction and operation of the security system, building a large security product matrix from 0 to 1, managing more than 500 million personal and business privacy data and achieving “zero” major events for safe operations; at the same time incubating independent technology The company provides overall solutions to the outside world and has accumulated experience in the security field of multiple industries.

The core members of the company come from companies and organizations such as Apache, Huawei, Tencent, Baidu, SF Express, etc., with an average of more than 10 years of experience in the industry.

The overseas personal privacy and data security industry has developed vigorously in recent years. OneTrust, as one of the representative vendors, has a current valuation of more than 5 billion U.S. dollars. At the same time, it has served 5,000 customers from 100 countries. Important customers include Oracle (Oracle ), 21st Century Fox, Kickstarter and Allianz, etc. In addition, BigID, a new unicorn in data security, announced in 21 years that it has received 70 million US dollars in financing, with a valuation of more than 1 billion US dollars.

Zheng Qingsheng, a partner of Sequoia China, said: “From the perspective of changes in laws and regulations, personal privacy and data security-related policy requirements have gradually become stricter, and compliance requirements have continued to increase. At the same time, business expansion and enterprise digital transformation are accelerating. Has become a new production factor and is the company’s core asset; personal privacy and data security have gradually become the cornerstone of supporting its own business development and an important part of the company’s strategic transformation. The market urgently needs a new generation of privacy and data security concepts and core technologies We recognize that Hongtu is based on the concept of original data security proposed by customers on the pain points of privacy and data security construction, and the company has created a new generation of personal privacy and data security products to achieve technology cross-generation competitiveness.”

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