StealthMole, a Singapore-based AI-powered dark web intelligence startup that specializes in monitoring cyber threats and detecting cybercrime, has raised a $7 million Series A funding round.
Investors
Korea Investment Partners led the round with participation from Hibiscus Fund (a joint venture between RHL Ventures, Penjana Kapital, and KB Investment) and Smilegate Investment.
Korea Investment Partners is a venture capital and private equity firm based in Seoul, Shanghai, Beijing, and Sunnyvale. The company primarily focuses on managing funds and investing in promising startups. Founded in 1986, the firm invests in early-stage ventures to growth-stage companies.
StealthMole Use of Funds
The startup will use the fresh funds to establish additional R&D centers, support commercial applications of its technology in the B2B sector, and facilitate geographical expansion.
About StealthMole
Founded in 2022 by Louis Hur and Simon Choi, StealthMole is a deep and dark web threat intelligence company that delivers a cloud-based, unified platform for digital investigation, risk assessment, and threat monitoring. Using AI, they provide governments, law enforcement agencies, and enterprises with tools and threat intelligence critical to identifying and eliminating digital risk and criminal activity. Headquartered in Singapore, with an R&D office in South Korea, the company serves over 50 clients across 17 countries in Asia, Europe, and the Middle East.
Funding Details
Company: Stealthmole Intelligence Pte. Ltd.
Raised: $7.0M
Round: Series A
Funding Month: March 2024
Lead Investors: Korea Investment Partners
Additional Investors: Hibiscus Fund, Smilegate Investment
Company Website: https://www.stealthmole.com/
Software Category: Cybersecurity
Source: https://techcrunch.com/2024/03/27/stealthmole-raises-7m-series-a-for-its-ai-powered-dark-web-intelligence-platform/