The startup's unique selling point is its expertise in Asia-related cyber threats. It uses 255 billion data points from various hidden sources to trace criminals. The company's focus on Asia is timely, as the region saw the highest year-on-year increase in weekly cyberattacks in Q1 2023, according to Check Point Research. The Series A round was led by Korea Investment Partners, with participation from Hibiscus Fund and Smilegate Investment.
Key takeaways:
- StealthMole, a startup specializing in AI-powered dark web intelligence, has raised $7 million in a Series A funding round.
- The company plans to use the new capital to establish additional R&D centers and expand its technology's commercial uses in the B2B sector and geographical expansion.
- StealthMole was co-founded by Louis Hur and Simon Choi in 2022 and currently serves over 50 clients across 17 countries, primarily government and law enforcement agencies and enterprise cybersecurity teams.
- The startup differentiates itself from competitors by its unique expertise in Asia-related threats, tracing criminals using 255 billion analyzed data points from the dark web, deep web, and various hidden sources.