Logpresso (CEO Yang Bong-yeol), a cloud-based SIEM (Security Information Event Management) company, announced on the 7th that it has signed a memorandum of understanding (MOU) regarding a strategic partnership with Taiwanese AI cybersecurity company CyCraft Technology (CEO Benson Wu).
This agreement marks the first official collaboration between cybersecurity companies from Korea and Taiwan, and is seen as a significant step toward joint advancement into the Asian cybersecurity market.
Cycraft is a Taiwanese security startup recognized for its technological prowess, including its AI-based autonomous threat exposure management platform, XCockpit, and its recent LLM (Large-Scale Language Model) security solution, XecGuard. It is currently expanding its business, focusing on the Taiwanese and Japanese markets.
Through this collaboration, the two companies plan to pursue ▲integration of AI-based threat detection technology and security operation automation platform ▲joint sales and technical cooperation in the Asian market ▲joint development and supply of XDR (extensible detection and response) package targeting the Japanese market.
In particular, the Japanese market is experiencing rapid growth in digital transformation and demand for cloud security. The two companies have identified this as a strategic priority and plan to jointly enter the market. This partnership will focus on providing advanced threat detection and response systems to the Asian market, leveraging each company's respective field experience and technological assets.
“The collaboration between Cycraft, which has grown with the support of the Taiwanese government, and Korean security company Logpresso will serve as an opportunity to expand the automated cybersecurity response system in East Asia,” said Benson Wu, CEO of Cycraft.
“This partnership marks Cycraft’s first collaboration with a Korean company, serving as a springboard for our expansion into the Japanese market and a starting point for our expansion into the Asian market,” said PK Chung, co-founder and Chief Information Security Officer (CISO).
Yang Bong-yeol, CEO of Logpresso, said, “This MOU is an important step that goes beyond technological cooperation and deepens the security cooperation system within Asia.” He explained, “By combining Cycraft’s AI-based detection and forensics technology with Logpresso’s security operation platform, we plan to apply an advanced response system to the Korean market and supply an XDR solution based on joint technology to the Japanese market.”
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