# Shenzhen Rongan Network Technology Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/shenzhen-rongan-network-technology-co

- Industry: IT Security/Cybersecurity
- Headquarters: Shenzhen, China
- Website: www.rongannetworks.com
- Total disclosed funding: $15M
- Latest round: Series B (Oct 13, 2020)
- Investors on record: 4

## About

Shenzhen Rongan Network Technology Co., Ltd. delivers advanced networking solutions that enhance connectivity and data management, focusing on high-performance hardware and software for enterprises.Founded in 2018 in Shenzhen, China, Rongan Networks specializes in networking technologies, offering services that have evolved to meet market demands. The firm was co-founded by Guiyao Chen and Leon Teng, with Guiyao Chen currently serving as CEO. The company has successfully conducted 4 deals, with the latest being a Series C funding round that raised CNY 100 million on January 2, 2022, co-led by Guangzhou Investment and Tianying Capital. The total amount raised by the company is CNY 100 million.Rongan Networks specializes in providing advanced networking solutions designed to enhance connectivity and data management across various sectors. The company's core offerings include high-performance routers, switches, and data management software that facilitate efficient data flow and communication for enterprises. These products are tailored to address challenges in network reliability and scalability, catering primarily to medium to large enterprises seeking to optimize their IT infrastructure. Rongan Networks' client base encompasses technology firms, financial institutions, and educational organizations, particularly in North America, Western Europe, and parts of Asia, where the demand for robust networking solutions is rapidly increasing. The company has consistently evolved its product line since its inception, launching innovations aimed at improving network security and performance to meet the specific needs of its diverse clientele.Rongan Networks generates revenue primarily through a combination of direct sales and service subscriptions. The company's transactions typically involve B2B agreements, wherein clients purchase networking hardware and ongoing support packages that include software updates and technical assistance. These clients engage in structured contracts, often on an annual basis, to ensure continuous access to the latest technologies and service enhancements. Flagship products are bundled with tailored service plans to meet the unique requirements of each customer, further driving revenue growth. The pricing structure reflects the comprehensive nature of these offerings, which integrates both hardware and support, creating a compelling value proposition for enterprises looking to invest in long-term networking solutions.In January 2022, Shenzhen Rongan Network Technology Co., Ltd. raised CNY 100 million in Series C funding. The company plans to allocate this funding towards product research and development, market expansion, and team building. Upcoming products focused on enhancing network security are currently in the design phase, with plans for release in 2023. Rongan Networks aims to expand into new markets, particularly targeting regions in Southeast Asia and South America by the end of 2024.

## Funding rounds

- Series B, Oct 13, 2020, $15M — Shenzhen Capital Real Estate Fund
- Series A, Jun 21, 2019 — Co-Power Venture Capital, Junsan Capital
- Angel, Sep 5, 2018 — Zhengxuan Capital

## Investors

- Zhengxuan Capital (https://capitalatlas.ai/funds/zhengxuan-capital) — Angel
- Co-Power Venture Capital (https://capitalatlas.ai/funds/co-power-venture-capital) — Series A
- Junsan Capital (https://capitalatlas.ai/funds/junsan-capital) — Series A
- Shenzhen Capital Real Estate Fund (https://capitalatlas.ai/funds/shenzhen-capital-real-estate-fund) — Series B