JoiWay Technology

JoiWay Technology specializes in delivering advanced cybersecurity solutions, including web application firewalls and associated security services, aimed at safeguarding enterprises from diverse online threats. Founded in 2013, JoiWay Technology operates from Guangzhou, China, focusing on cybersecurity for enterprises. The company has pursued various strategies since inception, with its latest funding round occurring on December 11, 2017, where it raised CNY 160 million in Series C funding from Joeone Co. , Ltd and Shoutai Jinxin Capital.

Ruixu Wang, one of the co-founders, serves as the current CEO. The company has engaged in six total deals, emphasizing its growth trajectory in the cybersecurity sector. JoiWay Technology provides advanced cybersecurity solutions, primarily specializing in web application firewalls (WAF) and complementary security services. These offerings are designed to protect enterprises from various online threats, such as DDoS attacks and data breaches.

In 2020, they launched a flagship product tailored for online vendors and service providers, aiding in transaction security and regulatory compliance. Their clientele spans finance, healthcare, and e-commerce sectors across North America, Europe, and Asia-Pacific. The revenue model of JoiWay Technology primarily relies on subscription services, allowing clients to access their cybersecurity solutions on a recurring basis. This structure fosters long-term client relationships, as many companies renew their subscriptions annually.

Pricing tiers vary based on service scale, with large enterprises often requiring bespoke solutions while smaller businesses select standardized packages for essential protection. JoiWay Technology plans to leverage the CNY 160 million raised in its most recent funding round to enhance its product offerings and expand into new markets. They are focused on developing new cybersecurity products slated for launch in 2024, targeting increased penetration in the healthcare sector. Additionally, the company aims to enhance its presence in Europe and the Asia-Pacific region by the end of 2025, further solidifying its position in the global cybersecurity landscape.