EVERSPIN
The world’s first dynamic security module technology, which enables a server to send a disposable random security module on a real-time basis to user's program every minute.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor investor investor investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| N/A | $4.3m | Series B | |
| Total Funding | 000k | ||
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EVERSPIN Co., Ltd. is a South Korean cybersecurity firm founded in February 2014 by CEO Ha-young Park (also known as Youngbin Ha). Park, a serial entrepreneur, established the company with a focus on developing technology that could fundamentally address the limitations of existing application security. The company’s name is a blend of "Ever" and "Spin," signifying its commitment to constantly evolve and provide swift, special, and safe security solutions.
The company operates in the cybersecurity market, providing security solutions to a wide range of clients, primarily in the financial sector. Its client roster includes major Korean financial institutions like Woori Bank, NH Nonghyup Bank, KB Kookmin Bank, and Samsung Card, as well as government agencies and content platform companies. EVERSPIN has also expanded its reach globally, establishing a joint venture in Japan with SBI Holdings and supplying its solutions to financial institutions in Indonesia.
EVERSPIN's core offering is its suite of security solutions built upon a proprietary, patented technology called Moving Target Defense (MTD). Unlike traditional static security methods that use a fixed security module, EVERSPIN's MTD technology continuously changes the security code, making it exceedingly difficult for hackers to analyze and penetrate the system. Even if a hacker manages to analyze a code, it becomes obsolete as a new one is deployed. This dynamic approach is designed to protect mobile apps, web services, and communication data from threats like hacking, phishing, and identity theft.
The main products include 'Eversafe' for mobile and web anti-hacking, and 'FakeFinder' for anti-phishing. 'Eversafe' protects against OS manipulation, reverse engineering, and data breaches by encrypting stored and communicating data. 'FakeFinder' employs a 'whitelist' approach, maintaining a database of all legitimate apps and blocking anything that deviates from it. The company also offers penetration testing services, where its security experts identify vulnerabilities from a hacker's perspective.
Keywords: cybersecurity, mobile security, web security, anti-hacking, anti-phishing, Moving Target Defense (MTD), application security, financial security, fintech security, dynamic security, Eversafe, FakeFinder, Ha-young Park, identity theft prevention, data protection, penetration testing, information security, security module, cybercrime prevention, secure communication