StealthMole Raises $7 Million in Series A Funding to Expand Cybersecurity Capabilities
StealthMole, an AI-powered dark web intelligence startup, has raised $7 million in Series A funding to expand its cybersecurity capabilities and geographical presence.
Background
StealthMole was founded in 2022 by Louis Hur (CEO) and Simon Choi (CTO), both experts in cybersecurity and threat investigation. The startup serves over 50 clients across 17 countries in Asia, Europe, and the Middle East, providing dark web intelligence and threat detection services to government agencies, law enforcement, and enterprises.
Funding and Plans
The fresh capital will be used to establish additional R&D centers and support commercial uses of StealthMole’s technology in the B2B sector. The startup plans to expand its geographical presence and continue monitoring cyber threats and detecting cybercrime.
Unique Expertise
StealthMole’s unique expertise lies in its ability to analyze Asian-related threats, which is a critical gap in the cybersecurity industry. The startup’s R&D office in South Korea allows it to gain critical insights into how hackers from East Asia operate, while its researchers from various backgrounds in Singapore and other locations enable it to analyze data related to neighboring countries.
Competitive Advantage
According to Kevin Yoo, COO at StealthMole, the startup’s unique expertise in Asia-related threats sets it apart from its competitors. Asia witnessed the highest year-on-year surge in weekly cyberattacks in the first quarter of 2023, and StealthMole’s dataset is valuable for customers worldwide.
Partnership
The Series A round was led by Korea Investment Partners, with participation from Hibiscus Fund and Smilegate Investment.
Conclusion
StealthMole’s $7 million funding round demonstrates the growing demand for dark web intelligence and cybersecurity services. The startup’s unique expertise in Asia-related threats and its ability to analyze 255 billion data points from the dark web, deep web, and hidden sources make it an attractive solution for government agencies, law enforcement, and enterprises.
FAQs
Q: What does StealthMole do?
A: StealthMole is an AI-powered dark web intelligence startup that specializes in monitoring cyber threats and detecting cybercrime.
Q: Who founded StealthMole?
A: StealthMole was founded in 2022 by Louis Hur (CEO) and Simon Choi (CTO).
Q: What is StealthMole’s competitive advantage?
A: StealthMole’s unique expertise in Asia-related threats sets it apart from its competitors.
Q: Who participated in the Series A funding round?
A: The Series A round was led by Korea Investment Partners, with participation from Hibiscus Fund and Smilegate Investment.
