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StealthMole , an AI - power dark web intelligence startup that particularise in monitoring cyber threats and detecting cybercrime , announced Thursday that it has raised a $ 7 million Series A funding round .
The Singapore - headquarter startup with an R&D office in South Korea will use the fresh capital letter to establish additional R&D centers and support more commercial exercise of its technology in the B2B sector and geographic elaboration .
“ Having an R&D office in South Korea allow us to gain critical perceptiveness into how hackers from East Asia run , ” Simon Choi , principal applied science officer ( CTO ) at StealthMole , told TechCrunch . “ Similarly , having researchers from various background in Singapore for Southeast Asia , or in other unequaled locations , will aid us in analyzing data pertain to neighboring rural area . ”
StealthMole was co - founded in 2022 by Louis Hur ( CEO ) , an endeavour IT security department expert and serial entrepreneur in cybersecurity , and Choi ( CTO ) , a threat investigator and open reference intelligence activity ( OSINT ) profiler who previously worked as an adviser for the National Intelligence Service South Korea , the National Police Agency , and the Ministry of National Defense in South Korea .
The inauguration serves over 50 client across 17 countries in Asia , Europe , and the Middle East . Its current client base mostly includes regime and police force enforcement agency for home security and cybersecurity teams within go-ahead , which manage cybersecurity incidents , analyze threat , and provide cybersecurity counselling and support .
“ StealthMole came about from a critical market place gap I encountered while work in cybersecurity and blanched - hat hacking : a severe lack of data point point and data networks , specifically within Asia , ” Hur sound out in the company ’s instruction . “ At the same time , information leaks , anonymized transactions , and all manner of cybercrimes were spike out — both due to malicious intent and human error . To well understand digital threats , it ’s of the essence for practice of law enforcement , intelligence authority , bodied security department teams , and cybersecurity expert to analyse regional circumstance and their impingement on illicit activities . ”
The turnout says it retrace criminals using 255 billion analyze datum point from the glum World Wide Web , deep web and various concealed sources , including leaked databases , cybercriminals ’ blogs and Telegram .
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One discriminator from its rival in the cybersecurity industry is its unique expertise in Asia - touch threats , Kevin Yoo , chief operating officer ( COO ) at StealthMole , told TechCrunch . According to areport by Check Point Research , Asia find the high year - on - year surge in weekly cyberattacks in the first fourth of 2023due to speedy digital shift ; the rise of the hybrid workforce and Asia ’s manufacturing industry , like semiconductors that hold intellectual attribute , could be a target for cyber espionage .
“ The high requirement for Asia - orientate threat entropy emphasize the singularity and value of our dataset for customer worldwide , within and beyond Asia , ” Yoo read .
Korea Investment Partners led the Series A round with engagement from Hibiscus Fund ( a joint venture between RHL Ventures , Penjana Kapital and KB Investment ) and Smilegate Investment .
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