NetQin Mobile Inc., a Beijing, China-based mobile security service provider, has raised $20m in its third round of funding.
The company, which was founded in October 2005 by Dr. Lin Yu, Dr. Shi Wenyong and Dr. Zou Shihong, is backed by leading venture capital firms, including two rounds of venture capital investment totaling $15m in 2007 from GSR, Sequoia, Ceyuan, and Fidelity Asia.
NetQin delivers proven mobile security solutions – including anti-virus, anti-spam SMS/telephone, and privacy protection to millions of users around the globe.
This third round of funding will boost the company’s globalization strategy to accelerate the international market expansion, develop products adaptable to more emerging operating systems, enhance the capability of innovation in customer services, and elevate the corporate brand through branding strategy.
NetQin has already successfully penetrated into Europe and the North America market through partnerships with Huawei and PhoneGuard.