"Douxiang Technology" Raises 200 Million Yuan in New Funding to Prepare for IPO | Linear Portfolio

Cybersecurity vendor TopSec (斗象科技) recently announced the completion of a new RMB 200 million bridge strategic financing round.

The proceeds will further expand the company's R&D investment in AI security technology and platform security intelligence, steadily advance its long-term strategic positioning, and lay the groundwork for subsequent larger-scale capital plans and its IPO process.

Linear Capital invested in TopSec starting from the seed round and has continued to increase its support in subsequent rounds.

TopSec recently completed a new RMB 200 million bridge strategic financing round. CEO Chen Xie stated that the proceeds will further expand the company's R&D investment in AI security technology and platform security intelligence, steadily advance its long-term strategic positioning, and lay the groundwork for subsequent larger-scale capital plans and its IPO process.

Founded in 2014 and headquartered in Shanghai, TopSec is a leading Chinese provider of cybersecurity data analysis and online security operations, and a next-generation cybersecurity enterprise. As a national-level "Little Giant" specialized and innovative enterprise, TopSec has continuously delivered technically sophisticated security data analysis, practical security operations, and multiple capability-focused cybersecurity products and services, supporting and making outstanding contributions to numerous major national cybersecurity activities for many consecutive years.

Previously, global authoritative IT research and advisory firm Gartner® released the Hype Cycle™ for Cybersecurity in China, 2025. TopSec was selected as a Representative Vendor in both Security Information and Event Management (SIEM) and Exposure Assessment Platform (EAP) based on its technological innovation, product maturity, and market practice achievements.

This marks TopSec's continued inclusion in Gartner reports following its selections in 2023–2024, earning international authoritative recognition once again and further validating its leading position in intelligent security operations, the speed of its AI capability evolution, and its solid engineering strength.

Gartner® reports serve as a "weather vane" for global enterprise technology selection. Its Hype Cycle provides strategic decision-making guidance for CIOs and security leaders through rigorous market research and technology assessment. In this report, Gartner noted:

SIEM technology has entered the "Plateau of Productivity" — its core capabilities in threat detection, compliance auditing, and security operations have been widely validated. The market is currently driving SIEM toward intelligent, integrated, and composable architectures to address data explosion, skills shortages, and response efficiency bottlenecks.

EAP (Exposure Assessment Platform) is replacing traditional Attack Surface Management (ASM) to become the core tool for enterprise proactive defense. Its value lies not only in asset discovery but also in combining threat intelligence, business context, and attack path simulation to achieve risk prioritization and improved actionability.

As the only domestic company simultaneously recognized by Gartner in both SIEM and EAP — two critical technology directions — TopSec fully demonstrates the forward-looking nature of its product capabilities and technology roadmap.

The two core technology platforms selected in this report — XSIEM Metadata Fusion Security Management Platform (XSIEM) and APTP Attack Surface Detection and Management Platform (APTP) — both deeply integrate AI technology, committed to enhancing the automation, intelligence, and practical applicability of security operations.

As a representative enterprise of China's new-generation cybersecurity sector, TopSec is accelerating its efforts in cutting-edge technology directions such as intelligent security operations and security data intelligence. Its selection as a Gartner Representative Vendor in both SIEM and EAP — two critical technology domains — represents both international authoritative recognition of TopSec's technological innovation capabilities and strong market affirmation of its product maturity and innovative value.