Enterprise security and services provider Eagle Cloud has secured 100 million yuan ($14.5 million) in a Series Pre-B round led by HongShan (previously Sequoia Capital China).
Local investment firms Vision Plus Capital and QC Capital, along with existing shareholders, joined the round, according to a company release on June 9.
Founded in July 2021, the Hangzhou-based firm offers a range of products that utilise two key security frameworks: Zero Trust and Secure Access Service Edge (SASE).
Zero Trust is a design and implementation strategy for IT systems that follows the principle of “never trust, always verify.” SASE, on the other hand, is a cloud-based security model that integrates networking and security functions to ensure secure access to applications and resources for users across devices and locations.
Eagle Cloud counts Chinese battery giant CATL, state-owned Chinese chipmaker Advanced Micro-Fabrication Equipment, and Chinese EV maker Li Auto among its 400-plus clients.
Previously, Eagle Cloud snapped up “several tens of millions” yuan in a Series A+ round led by early-stage AI and enterprise cloud investments-focused VC firm Eminence Ventures in December 2022.
Eagle Cloud was the second investment that HongShan announced last week. Enhanced Robotics was the other deal that saw HongShan as the lead investor. The Shenzhen-based firm claims to be the first firm in the world to develop a consumer-grade exoskeleton that helps accelerate muscle training.
CHINA DEAL MONITOR
DealStreetAsia has also compiled a table listing all prominent venture capital transactions in Greater China from June 9 – 15, 2025.
