On July 3, 2023, Beijing-based CyberKunlun Technology Co., Ltd. (referred to as “CyberKunlun”) successfully raised nearly 100 million yuan in Series A financing. The funding round was led by Fortune Capital, with participation from existing shareholder Sequoia China, and Navigation Capital serving as the exclusive financial advisor. The raised capital will be used for market sales and research and development.
CyberKunlun was founded by renowned white-hat hacker Zheng Wenbin. Zheng Wenbin, known as the “driving prodigy,” joined 360 at the age of 19 and rose through the ranks to become the Chief Technology Officer and Chief Security Technology Officer of the company, starting as one of its three founding engineers.
In 2021, Zheng Wenbin keenly identified the market opportunity in vulnerability crisis. With the rapid intensification of factors such as enterprise digitization, cloudification, and intellectual creation, he decided to leave 360 and venture into vulnerability protection, establishing CyberKunlun. After two years of honing their skills, CyberKunlun’s vulnerability defense products have gained recognition from numerous national-level customers.
Zheng Wenbin explained that in the early stages of establishment, CyberKunlun focused on discovering high-level vulnerabilities such as 0-day vulnerabilities. However, with product iterations, the company’s “Kunlun·Insight” product now provides risk defense solutions for the entire lifecycle of vulnerabilities, ranging from 0-day, 1-day to N-day, applicable to different scenarios such as PCs, servers, applications, and the cloud. Currently, CyberKunlun’s products are serving important customers in government, energy, finance, internet, and communication sectors.
Ze Junquan, a business partner at Fortune Capital, the investor in this round, stated, “Vulnerabilities are the greatest and the root threat to cybersecurity, causing escalating losses that have exceeded 20 trillion US dollars globally. With IT architecture upgrades and the promotion of domestic technologies, the growth rate of vulnerabilities will further intensify in the future, and the demand for vulnerability protection by enterprises will become more urgent. The current market corresponding to the existing stock alone has exceeded 10 billion yuan. In the field of cybersecurity, Fortune Capital’s investment in CyberKunlun primarily values its ultra-lightweight, zero-touch comprehensive defense product system, including 0-day vulnerability pre-shot defense, proactive vulnerability response, fortified defense lines, platform protection, as well as next-generation security services, including penetration testing, security assessment, offensive and defensive drills, micro patches, and more. The core team of CyberKunlun has accumulated experience with over 600 million endpoints, has won multiple championships in international attack and defense competitions, and has consistently maintained leading capabilities in vulnerability discovery. We look forward to this round of support helping CyberKunlun achieve greater success in its commercialization.”
Zheng Qingsheng, a partner at Sequoia China, another investor in this round, stated, “We continue to have a positive outlook on the field of cybersecurity. In recent years, with the accelerated adoption of emerging intelligent technologies such as big data, AI, cloud computing, and 5G, data protection and information security have received unprecedented attention globally. Wenbin and the CyberKunlun team possess high influence and technical strength in the security industry. We look forward to CyberKunlun empowering more enterprises through technological innovation, starting from the ‘source’ of vulnerability protection in cybersecurity, and providing better protection for the business, data, and system security of users.”