Tophant
An innovative Internet security service provider
About Tophant
Established in 2014 by founder Tianqi Zhang, Tophant has positioned itself as a significant provider of network security data analysis and online security operations in China. Headquartered in Shanghai, the firm has secured substantial financial backing, raising a total of $117 million over seven funding rounds, with its Series D round in November 2021 bringing in $46.9 million. This influx of capital from investors, including notable entities like China Telecom Group and China Internet Investment Fund, underscores the market's confidence in its operational strategy and technological capabilities.
Tophant operates on a business-to-business model, providing a suite of security solutions to a diverse clientele that includes prominent names like Huawei, China Mobile, and Starbucks. The company's core business revolves around AI-driven security platforms and managed services designed to help enterprises proactively identify and mitigate digital threats. Its revenue is generated through these offerings, which cater to the growing need for robust cybersecurity infrastructure in an increasingly digital landscape. The firm's solutions are designed to provide comprehensive protection by performing mobile app security assessments, vulnerability tests, and penetration tests for IoT devices.
The company's product portfolio is extensive, featuring the "Douxiang Intelligent Security" platform, which encompasses a range of security data analysis and online operational products. Key offerings include a full-traffic security computing and analysis platform, a metadata fusion security management platform, and systems for vulnerability and attack surface management. Tophant also offers managed security services through its MSSP platform and operates the "Bugsee" security crowd-testing and operations platform. A unique aspect of its ecosystem is the operation of "FreeBuf," a well-regarded network security industry portal, which serves as both a community hub and a channel for disseminating industry knowledge.
Source: Dealroom company dataKnowledge graph
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Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| DEBTDebt | Sep 2025 | $28M | — | Eastern Bell Capital | ↗ |
| SERIES DOther financing | Nov 2021 | $41M | $165M | Undisclosed | — |
Growth signals
Latest recorded traffic for Tophant is 44K monthly website visits, up 7.3% over the last three months. Tophant's team declined 50% over the past year.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series B and later6 investors entered at this stage
Eastern Bell Venture Capital- YCYinxinggu Capital
- LPLinear Capital Partners
Cowin Capital- HCHui Capital
Eastern Bell Capital
Source: Dealroom Talent Intelligence.
Global footprint
Market sentiment
An AI-synthesised read of the highest-engagement posts about Tophant on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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