Cybersecurity startup StealthMole raises US$7 million in Series A funding

STEALTHMOLE, a Singapore-based cybersecurity company, has raised US$7 million in a Series A funding round, which it will use to expand its cybersecurity efforts across countries and sectors. 

The round was led by Korea Investment Partners and joined by Smilegate Investment and Hibiscus Fund – a joint venture between RHL Ventures, Penjana Kapital and KB Investment. 

The startup, which specialises in digital investigation, risk assessment and threat monitoring, has aided government agencies and law enforcement, and is looking to enter the corporate sector. 

On Thursday (Mar 28), StealthMole chief technology officer Simon Choi said he sees “huge potential” in the business-to-business sector to improve cyber incident response and prevention. 

“Having established a strong foundation in the business-to-government market, the Series A funding round is expected to further diversify (StealthMole’s) capabilities to fulfil emerging cybersecurity demands from the enterprise sector,” added Choi. 

Founded in 2022, StealthMole is an artificial intelligence-enabled digital investigation and threat-monitoring platform that focuses on detecting and mitigating cybercrime within Asia. 

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The company’s technology traces criminals through 255 billion analysed data points from the dark web, deep web and hidden sources. 

StealthMole founder and chief executive Louis Hur noted a “severe lack” in the amount of data points and information networks within Asia for cybersecurity, prior to its establishment.

Hur said: “To better understand digital threats, it’s crucial for law enforcement, intelligence agencies, corporate security teams and cybersecurity experts to analyse regional contexts and their impact on illicit activities.”