April 9, 2024 at 11:54AM
StealthMole, a Singapore-based startup, has secured $7 million in Series A funding led by Korea Investment Partners and backed by Hibiscus Fund and Smilegate Investment. Founded in 2022, the company utilizes AI to analyze dark web and deep web data, aiding in forensics investigations and identifying compromised credentials. The funding will support expansion into the B2B sector and global markets.
Key takeaways from the meeting notes:
1. Startup company StealthMole, which focuses on providing dark web threat intelligence in the Asian region, has successfully raised $7 million in Series A funding.
2. The investment round was primarily led by Korea Investment Partners (KIP), with additional support from Hibiscus Fund and Smilegate Investment.
3. Founded in 2022 and based in Singapore, StealthMole employs AI to analyze data from the dark web, deep web, and other sources to offer risk assessment and threat monitoring capabilities.
4. The company’s dark web tracker platform is designed to aid in forensics investigations by helping specialists find information, trace connections between data, and visualize investigations.
5. Additionally, the platform assists in identifying compromised credentials leaked on the dark web and uncovering breached organizations that have had their data leaked on the dark or deep web.
6. With the new funding, StealthMole aims to expand its presence in the B2B sector and fuel global expansion.
7. The company’s founder and CEO, Louis Hur, highlighted the critical market gap in Asia for data points and information networks, emphasizing the importance of regional contexts in understanding digital threats for law enforcement, intelligence agencies, corporate security teams, and cybersecurity experts.