The company, which received a TI-1 technology evaluation grade, is preparing for a KOSDAQ listing, led by Mirae Asset Securities
NPCore, an AI-based cybersecurity solution specialist (hereafter referred to as NPCore), with CEO Han Seung Chul, announced today that it has successfully completed raising 8 billion won in investment through a Pre-IPO. Last month, NPCore received a TI-1 grade from NICE evaluation information's investment technology evaluation (TCB), acknowledging its excellent technology and high future growth potential. NICE's TCB evaluation predicts the growth potential of technology-focused companies for investment purposes.
In this Pre-IPO round, a total of 8 billion won was successfully raised from investors including Caspian Capital-Alice Partners (Co-GP), IBK Capital-ID Ventures (Co-GP), and Mirae Asset Securities. NPCore has also selected Mirae Asset Securities as its lead underwriter to prepare for next year's KOSDAQ listing.
NPCore has successfully completed foreign investment attraction early on from famous VCs in Japan and Indonesia, recognizing its technical strength and corporate growth potential. The company has been focusing heavily on overseas market expansion, including supplying to the Royal Malaysian Police, prominent telecommunications companies in Indonesia, establishing joint ventures in Vietnam, and supplying to local government agencies. Recently, these efforts have started to bear fruit, especially as it intensifies its market entry into Indonesia and Thailand.
Since its establishment in 2008, NPCore has specialized in supplying solutions in network and endpoint security, launching the 'ZombieZero' series, which detects and automatically responds to APT (Advanced Persistent Threat) and malware attacks in real-time. The company has registered a total of 15 patents, including two in the United States and one in Japan, and has acquired Common Criteria (CC) certification and GS certification. Recently, NPCore has been recognized for its reliability, receiving a security function confirmation certificate for its APT response product and G-PASS certification from the Public Procurement Service's Overseas Procurement Information Center.
NPCore is currently expanding its references for XDR (eXtended Detection and Response) and plans to start full-scale commercialization from next year. XDR, known as the 'flower of cybersecurity', is based on NPCore's experience in developing EDR solutions and AI and machine learning technologies. It resolves the issue of information silos and enhances the efficiency of security. A company representative explained, "This technology automatically collects data through a threat intelligence platform and combines various systems and tools such as endpoints, networks, servers, cloud workloads, and SIEM into a single integrated system, thereby expanding security visibility." By integrating various security tools, XDR is known to be more cost-efficient compared to managing multiple individual products.
Han Seung Chul, CEO of NPCore, stated, "Through this successful investment, we have laid the foundation to emerge as a truly global cybersecurity specialist by enhancing technology sophistication, new product development, marketing, and domestic and international sales." He expressed his ambition, "With the upcoming KOSDAQ listing, we will grow into a company that can represent South Korea, based on our solid technology."