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Home»Cybersecurity»AI SPERA secures $9 million investment to accelerate global AI security expansion
Cybersecurity

AI SPERA secures $9 million investment to accelerate global AI security expansion

By November 27, 2024No Comments3 Mins Read
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AI SPERA’s global success impresses investors with 90% international user base in 150 countries

AI SPERA, a South Korean AI-powered cybersecurity company, announced that it has raised approximately $9 million in its latest funding round, bringing its total funding to $175 million. The round was led by KB Investment, with participation from JB Investment, Kyobo Life Insurance, and Smilegate Investment.

Also read: LTIMindtree and Microsoft partner to power AI innovation and digital transformation for global enterprises

The company’s flagship product, Criminal IP, pioneers the Security-as-a-Service (SECaaS) model in Korea, following in the footsteps of global cybersecurity leaders such as Google Mandiant and Recorded Future. Criminal IP provides integrated security solutions focused on attack surface management (ASM) and threat intelligence (TI) to help organizations proactively identify potential security risks through real-time analysis and vulnerability intelligence. Let’s make it possible to reduce it.

Headquartered in South Korea with offices in Torrance, California and Japan, AI SPERA has established a strong global presence that highlights its international growth trajectory. The company’s global expansion has fostered strategic partnerships with more than 40 global cybersecurity companies, including Cisco, Tenable, and VirusTotal. Its services are used by government agencies, financial institutions, and major corporations in 150 countries, with international users accounting for 90% of its customer base.

“Criminal Intellectual Property has proven its market value through strong adoption and revenue generation in 150 countries around the world,” said Seunghwan Kim, director of KB Investment. “We believe the potential for AI SPERA to become a significant player in the global security market is clear.”

What sets AI SPERA apart is the expertise of its founding team, especially co-founder Professor Huy Kang Kim of Korea University Graduate School of Information Security, the country’s first former hacker-turned-professor and eminent cybersecurity expert. It is authoritative. The company’s technological leadership is powered by a team of experienced security experts and a robust infrastructure of more than 1,000 servers dedicated to real-time threat detection and analysis.

“This investment will accelerate our AI development and global expansion, and we aim for an IPO within three years,” said Byungtak Kang, CEO of AI SPERA. “We aim to prove that Korean security technology can compete at the highest level in the global market.”

This investment comes as demand for AI-powered cybersecurity solutions increases. AI SPERA’s monthly recurring revenue (MRR) has shown consistent growth, driven by a subscription-based security product model that eliminates the need for on-site personnel and complex implementation processes.

The company plans to use the new funding to strengthen its AI-powered security capabilities, expand its global presence, and strengthen its position in the international cybersecurity market. With a proven track record of providing trusted security intelligence and vulnerability assessment capabilities, AI SPERA is positioned to play a critical role in the global cybersecurity landscape.

Also read: How will the rise of AI impact intellectual property management?

(To share your insights as part of editorial or sponsored content, please contact us at psen@itechseries.com)

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