# EVERSPIN

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/everspin

- Industry: Software
- Headquarters: Seoul, South Korea
- Website: www.everspin.global
- Total disclosed funding: $25M
- Latest round: Series C (May 9, 2018)
- Investors on record: 6

## About

Based in Seoul, South Korea, and founded in 2014, EVERSPIN provides internet security solutions such as anti-phishing and anti-hacking services for financial companies. The company develops and uses dynamic module based security platform. In 2015, EVERSPIN was awarded as one of the best contributing companies in the fintech industry by the South Korea financial services commissioner. In 2017, the company provided security solutions to the South Korea Ministry of Government Administration and Home Affairs. In May 2018, EVERSPIN raised USD 20 million in series C funding from new investors SBI Holdings and BlackPine. In 2019, the company established a joint venture with the Phoenix Group in India. In 2020, the company contracted a strategical partnership with the Avaloq, a software developer for baking industries.

EVERSPIN provides security solution mainly for financial services companies such as banks and securities companies. FakeFinder and Eversafe are the companies' main products for mobile security in anti-phhing and network security solutions. For web security and security consulting, Eversafe-web and Deltaforce provides protection and real time security solution for cyber attack and hacking. 

In July 2021, the company requested a preliminary review of its listing on the KOSDAQ market. EVERSPIN plans to be listed in the KOSDAQ market in the future.

## Funding rounds

- Series C, May 9, 2018, $20M — SBI Holdings, BlackPine
- Series B, Nov 9, 2016, $4.3M — STIC Ventures
- Series A, Oct 12, 2015, $0.9M — Coolidge Corner Investment, DSC Investment, Platinum Technology Investment

## Investors

- Coolidge Corner Investment (https://capitalatlas.ai/funds/coolidge-corner-investment) — Series A
- DSC Investment (https://capitalatlas.ai/funds/dsc-investment) — Series A
- Platinum Technology Investment (https://capitalatlas.ai/funds/platinum-technology-investment) — Series A
- STIC Ventures (https://capitalatlas.ai/funds/stic-ventures) — Series B
- SBI Holdings — Series C
- BlackPine (https://capitalatlas.ai/funds/blackpine) — Series C