StealthMole Raises $7M for AI-Powered Dark Web Intelligence Platform
Singapore-based startup StealthMole has successfully secured $7 million in Series A funding for its AI-powered dark web intelligence platform. The company specializes in monitoring cyber threats and detecting cybercrime. With the new funding, StealthMole plans to establish additional research and development centers, expand its technology within the B2B sector, and explore geographical expansion.
Understanding East Asian Hackers
StealthMole’s R&D office in South Korea plays a crucial role in understanding the operations of hackers from East Asia. By having researchers from various backgrounds in Singapore and other unique locations, the company can analyze data related to neighboring countries. This insight is invaluable for effectively combating cybercrime in the region.
Founders with Expertise
Louis Hur, the CEO of StealthMole, is an enterprise IT security expert and serial entrepreneur in the field of cybersecurity. He co-founded the company in 2022 with Simon Choi, a threat investigator and open-source intelligence profiler. Choi has previously worked as an advisor for various intelligence and defense agencies in South Korea. Together, their expertise and experience form a solid foundation for the startup.
Serving Governments and Enterprises
StealthMole currently serves over 50 clients across 17 countries in Asia, Europe, and the Middle East. Its customer base consists primarily of government and law enforcement agencies, as well as cybersecurity teams within enterprises. These clients rely on StealthMole to manage cybersecurity incidents, analyze threats, and provide guidance and support in dealing with cyber threats.
Addressing a Critical Market Gap
The idea for StealthMole arose from a critical market gap identified by Louis Hur during his work in cybersecurity and white-hat hacking. He noticed a severe lack of data points and information networks, particularly within Asia. At the same time, cybercrimes were on the rise due to malicious intent and human error. To better understand digital threats, it is essential for law enforcement, intelligence agencies, corporate security teams, and cybersecurity experts to analyze regional contexts and their impact on illicit activities.
Tracing Criminals with Deep Web Data
StealthMole sets itself apart from competitors by utilizing its expertise in Asia-related threats. The company traces criminals using 255 billion analyzed data points from the dark web, deep web, and various hidden sources. These sources include leaked databases, cybercriminal blogs, and even Telegram. By leveraging these resources, StealthMole can effectively identify and track cybercriminals.
Unique Value in Asia-Oriented Threat Information
According to a report by Check Point Research, Asia witnessed the highest year-on-year surge in weekly cyberattacks in the first quarter of 2023. This surge is attributed to factors such as rapid digital transformation and the rise of hybrid workforces. Industries like semiconductors, which hold valuable intellectual property, are particularly vulnerable to cyber espionage. StealthMole’s unique dataset, focused on Asia-oriented threat information, provides valuable insights for customers worldwide.
Investment Partners Backing StealthMole
The Series A funding round was led by Korea Investment Partners, with participation from Hibiscus Fund and Smilegate Investment. These investors recognize the potential and value of StealthMole’s AI-powered dark web intelligence platform. With their support, the startup is well-positioned to expand its reach and continue providing innovative solutions for combating cyber threats.
In Conclusion
StealthMole’s successful fundraising demonstrates the growing importance of AI-powered solutions in the fight against cybercrime. By focusing on dark web intelligence and utilizing unique expertise in Asia-related threats, the company has positioned itself as a leader in the cybersecurity industry. With the additional funding, StealthMole is set to further expand its capabilities and contribute to a safer digital world.