StealthMole, an AI-powered dark web intelligence startup specializing in monitoring cyber threats and detecting cybercrime, has secured a $7 million Series A funding round. The Singapore-based startup, with an R&D office in South Korea, plans to use the funding to expand its R&D capabilities, support more commercial applications of its technology in the B2B sector, and expand geographically.
The startup, co-founded in 2022 by Louis Hur (CEO) and Simon Choi (CTO), serves over 50 clients across 17 countries in Asia, Europe, and the Middle East, including government and law enforcement agencies, as well as cybersecurity teams within enterprises. Hur identified a market gap in cybersecurity, particularly in Asia, which led to the creation of StealthMole. The startup distinguishes itself by its expertise in Asia-related threats, which is increasingly important due to the region’s rapid digital transformation and the rise of cyber espionage targeting industries like semiconductors.
Eliminating One Cybercrime at a Time
StealthMole’s technology allows it to trace criminals using 255 billion analyzed data points from the dark web, deep web, and other hidden sources. The startup’s unique insights into how hackers operate in East Asia, gained from its R&D office in South Korea, are a key asset in understanding and combatting cyber threats in the region.
The Series A funding round was led by Korea Investment Partners, with participation from Hibiscus Fund and Smilegate Investment. This funding will enable StealthMole to further develop its technology and expand its presence globally, helping to address the growing cybersecurity challenges faced by organizations worldwide.
