On August 3, 2021, Anxinsec announced the completion of a Series A financing round of over RMB 100 million. This round of financing was led by GL Ventures, with participation from V Fund and China Merchants Venture, followed by long-time shareholder BlueRun Ventures, with Lighthouse acting as financial advisor for the round.
The funding will be used for team expansion, product innovation and R&D, and business scope expansion. In this way, it will further enhance the scale product service delivery capability and accelerate the coverage of more customers in finance, internet, telecom operators, energy, manufacturing and other industries.
Xiong Yanpin, founding partner of V Fund, said, "Network security is an important part of national security, and terminal security is one of the most important aspects of network security. The storage security protection technology is the killer technology to achieve endpoint security. Anxinsec effectively protects endpoints from advanced threats with its unique and scarce memory protection technology and products. It is one of the two companies in the world and the only one in China that has acquired this technology and achieved product deployment. In just two years since its establishment, the company has already received high recognition and continuous procurement from many benchmark customers at home and abroad. The network security industry is an extremely technology- and product-oriented industry with clear demand and huge room for development. V Fund is firmly optimistic about Anxinsec's prospects and hopes to accompany Anxinsec to grow into a leading company in the network security industry in the long term.
Li Qiang, partner of GL Ventures, said, "Anxinsec is the leader in memory security in China. On the one hand, there is a gap in storage security protection in domestic independent innovative security products, and so storage protection makes up for the "short board" of defense in depth. Anxinsec's innovation in technology and leadership in product ideas can make them stand out in the field of network security."
Liu Hongbin, General Manager of Investment Department, China Merchants Venture, said, "Network security is a matter of national security, economic security, critical infrastructure security and personal information security of the general public. Currently, storage security is the biggest source of attacks on all kinds of systems and applications, and Anxinsec is undoubtedly a good remedy for storage attacks. Meanwhile, Anxinsec has been expanding its ecology. From kernel architecture, technology and product dimensions and Huawei, Hygon, Loongson, Sugon, Zhaoxin, Kirin, UnionTech and other localized operating systems and CPU architectures to complete compatibility certification. Based on the underlying technology, Anxinsec's technology and products will have a broader market in the future."
Chen Weiguan, Managing Partner of BlueRun Ventures, a long-time shareholder who continued to raise this round of funding, said, "Anxinsec's team is a group of innovators who understand customer needs and adhere to the underlying technology. As Anxinsec's angel investor, BlueRun Ventures has witnessed every step of Anxinsec's journey from pioneer to leader in memory protection, from developing and polishing products to serving and being recognized by many customers at home and abroad. They insist on doing something challenging and valuable, and we have always focused on innovation in enterprise data security and are willing to accompany enterprises to grow in the long run."
Cyber-attacks are a common threat worldwide. The data released by CNCERT/CC showed that about 52,000 computer malicious programs located outside China controlled servers in 2020, controlling about 5.31 million hosts in China. Anxinsec launched the storage protection system to guard the last mile of host security. Relying on storage protection technology and focusing on helping customers build a storage security protection system, it can effectively respond to system design flaws, external intrusion and other network threats, and detect and defend against threats in the first place.
Anxinsec, as a high-growth star company among domestic emerging network security companies, is a pioneer and leader in the field of memory security. Anxinsec has always insisted on the attitude of "few but more sophisticated products", and insisted on refining products and services in the field of storage security, which has been widely used in government, large enterprises and institutions.
Vulnerability attacks and fileless attacks account for a huge percentage of current cyber attacks and are extremely destructive. In May 2020, Google engineers tabulated the 912 security bugs with fix levels HIGH and CRITICAL in the Chrome Stable since 2015 and found that 70% were memory security vulnerabilities. Matt, a Microsoft security engineer, said at the 2019 Israel Security Conference that 70% of the vulnerabilities fixed in the last 12 years in Microsoft's products were memory security issues. in 2019, fileless attacks using PowerShell, WMI, and memory horses accounted for 52% of the total number of attacks for the year, and the success rate was 10 times higher than their traditional file-based counterparts. Distinguishing itself from other security products and solutions in the market that lack effective responses to advanced threats, Anxinsec's differentiation lies in providing real-time protection solutions for government and enterprise against advanced threats, with key features including:
Vulnerability detection and protection: Through fine-grained monitoring of memory access, combined with analysis modules, memory-damaging vulnerabilities and logic-based vulnerabilities can be detected and responded to in real time.
Fileless attack detection and protection: By penetrating deep inside script interpreters such as powershell, wmi, vba, vbs, js, etc., it effectively avoids obfuscation and encryption interference, monitors the behavior of executed scripts in detail, accurately identifies attacks and intercepts them. It also identifies and alerts on the execution behavior of memory code fragments and hidden module code. It also identifies and alerts on the execution behavior of memory code fragments and hidden module code.
Webshell memory protection: By monitoring the actions of Java, PHP and other interpreters, it captures some sensitive actions during the execution of scripts and determines whether they are malicious threats based on these sensitive actions.
Advanced threat traceability: Memory protection system has natural advantages at the level of memory access behavior and system behavior monitoring. It can effectively break through the limitations of the operating system to collect more comprehensive information, and form a powerful tracing analysis capability based on such information.
With the development of "new infrastructure" and the use of various new technologies, it is expected that in 10 years, the number of devices connected to the network worldwide will reach more than one trillion. The exponential increase in network complexity, business complexity and data volume will bring more challenges to network security.
Jiang Qianqiang, CEO of Anxinsec, said that as the complexity of the A-side business increases and the variety of security products increases, the security system changes from simple and orderly to chaotic and disorderly. And memory protection takes the initiative to defend and guard the security of the core, simplifying the complexity. The reason is that we found that no matter how the threats and attacks change, the malicious code will eventually appear on the memory and will eventually need to rely on the CPU to execute. What we do is to guard the memory and CPU to defend against threats, which can effectively inhibit the entropy of the protection system.
It is worth mentioning that at the beginning of its establishment in 2019, few people in the security industry and A-side enterprises mentioned memory protection. In 2021, more and more enterprises took the initiative to find Anxinsec to apply memory protection. Over the past two years, Anxinsec's memory protection products and solutions have been continuously improved and iteratively updated, and have served many well-known enterprises and institutions within overseas such as National Customs Information Center, Baidu, Kingsoft, and G42.
As a start-up high-tech enterprise, Anxinsec will do its best to seek breakthroughs and create better product experience and greater value.