S2W (CEO Suh Sangduk), a big data analytics and artificial intelligence (AI) company, announced on the 25th that it has passed the preliminary screening for listing on the KOSDAQ market. The company is preparing for the securities registration statement submission process and plans to begin the initial public offering (IPO) process in earnest, aiming for a market debut in the second half of this year. Daishin Securities is the lead underwriter for the listing.
Founded in 2018, S2W possesses domain-specific AI technology and unstructured big data analysis capabilities, leveraging data collected from various hidden channels, including the dark web and Telegram. Through this, the company has developed AI-based solutions that strengthen the security competitiveness of investigative and defense agencies and improve the efficiency of corporate information security operations and data management. Key products include "XARVIS," a cybersecurity big data platform for public and government agencies, "QUAXAR," a cyberthreat intelligence platform for enterprises and institutions, and "SAIP (S2W AI Platform)," a generative AI platform for industrial use.
In particular, the company's differentiated competitiveness is evaluated in that it collects data from various domains and increases the accuracy of learning and inference through 'multi-domain cross-analysis' technology utilizing ontology-based knowledge graphs, thereby providing insights that can be utilized across security and industrial fields.
S2W is strengthening its market presence by collaborating with domestic and international corporations, public institutions, and international organizations. Since 2020, it has been contributing to strengthening international law and order through its collaboration with INTERPOL. Furthermore, it has been invited to numerous security conferences hosted by international organizations, including the United Nations Office on Drugs and Crime (UNODC), where it has showcased its AI technology for tracking cybercrime. Furthermore, its performance in overseas markets is notable, with clients including government agencies in Japan, Singapore, and Indonesia, as well as the Taiwan Stock Exchange. Last year, overseas sales grew more than sixfold compared to the previous year.
Suh Sangduk, CEO of S2W, said, “This IPO will serve as an opportunity to expand our business beyond Asia and into the global market. Building on our achievements in the public sector, we plan to expand into the private sector and actively support the transition to AI in the security and industrial sectors.”
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