StealthMole raises $7 million in Series A funding for its AI darknet intelligence platform | TechCrunch

invisible moleA dark web intelligence startup powered by artificial intelligence that specializes in network monitoring threats and detecting cybercrime announced Thursday that it has raised $7 million in Series A financing.

The startup, which is headquartered in Singapore and has an R&D office in South Korea, will use the new funds to establish more R&D centers and support more commercial use of its technology in the B2B space and geographic expansion.

StealthMole Chief Technology Officer (CTO) Simon Choi told TechCrunch: “Having an R&D office in South Korea allows us to gain a deep understanding of how hackers operate in East Asia. Similarly, having researchers from different backgrounds in Singapore is responsible for research in Southeast Asia.” Asia or other unique locations will help us analyze data relative to neighboring countries. “

StealthMole was co-founded in 2022 by Louis Hur (CEO), an enterprise IT security expert and serial cybersecurity entrepreneur, and Choi (CTO), a threat investigator and open source intelligence (OSINT) analyst who previously served as the National Intelligence Service, South Korea’s National Police Agency and the Ministry of National Defense of South Korea.

The startup serves more than 50 clients in 17 countries across Asia, Europe and the Middle East. The current customer base mainly includes national security government and law enforcement agencies as well as internal network security teams of enterprises, which are responsible for managing network security incidents, analyzing threats and providing network security service guidance and support.

“StealthMole was born out of a critical market gap I encountered while working in the absence of cybersecurity and white hat hacking: a critical shortage of data points and information networks, especially In Asia. “Data breaches, anonymous transactions, and various cybercrimes have surged due to malicious intent and human error. To better understand digital threats, law enforcement agencies, intelligence agencies, enterprise security teams, and cybersecurity experts must analyze the region context and their impact on illegal activities.”

The organization says it tracks criminals using 255 billion analytical data points from the dark web, deep web and a variety of hidden sources, including leaked databases, cybercriminal blogs and Telegram.

StealthMole chief operating officer (COO) Kevin Yoo told TechCrunch that one of the things that sets it apart from its cybersecurity industry competitors is its unique expertise in Asia-related threats. Checkpoint Research Report, Asia sees highest annual increase in weekly cyber attacks in Q1 2023 Due to rapid digital transformationA hybrid workforce and the rise of manufacturing in Asia, such as semiconductors with intellectual property rights, could become targets for cyber espionage.

“The high demand for Asia-focused threat information highlights the uniqueness and value of our dataset to global customers within and outside Asia,” said Yoo.

The Series A round was led by Korea Investment Partners, with participation from Hibiscus Fund (a joint venture of RHL Ventures, Penjana Kapital and KB Investment) and Smilegate Investment.

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