The cyber security firm S2W Inc. has announced that it has raised more than $10 million of Series B funding. KDB Development Bank, YG Investment, Magellan Technology Investing, Ltte Ventures and DS Asset Management participated in this round led by LB Investment.

S2W is a cybersecurity data analysis firm and has a competitive global position to detect and react to new cyber threats like Dark Web and Ransomware. S2W has secured clients through its technology and data collaborations in the field of funding, telecoms, manufacturing and electricity trade.

In March 2020, S2W attracted a total of 3.5 million dollars for Series A and was assessed by its successful closing of Series B in just one and a half years for its high growth.

“S2W has the technology to work on the global stage and I expect them to play a huge role in the Metaverse society,” said Deok-soo Jang, chairman of DS Asset Management.

Ki-ho Park, CEO of LB Investment said, “S2W is now showing the compressed growth process of Palantir’s in the U.S. and is expected to expand into various fields such as blockchain, e-commerce, games, and entertainment in the future. And we will continue to support S2W to be the global leader in the industry.”

“We will focus on rapid growth, and we will prove to the world that companies pursuing the value of justice are superior in competitiveness and sustainability,” said Sangduk Suh, CEO of S2W.