# Norma

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

- Industry: IT Security/Cybersecurity
- Headquarters: Seoul, South Korea
- Website: www.norma.co.kr
- Total disclosed funding: $15M
- Latest round: Series C (Jul 29, 2021)
- Investors on record: 8

## About

Based in South Korea, Norma Inc. specializes in quantum computing and post-quantum cryptography, providing innovative solutions that enhance security and efficiency across a variety of sectors.Norma Inc. was founded in 2011 in Seoul, South Korea, focusing on quantum computing and security solutions. Under the leadership of CEO Hyeon-cheol Jeong, the company has executed a total of 4 deals, with the most recent funding round being a Series C raised on August 6, 2024 from investors including KL& Partners, NH Investment & Securities, and Ternary Fund Management. The total amount raised by the company to date stands at KRW 9,790.996 mn, contributing to a current valuation of KRW 54,092.560 mn.Norma specializes in quantum computing and post-quantum cryptography, offering a comprehensive suite of products and services designed to enhance security and efficiency across various industries. Their core offerings include quantum AI algorithms, which leverage advanced hardware and software solutions to address complex computational problems and provide enhanced data security. The company aims to transform various sectors, including healthcare, telecommunications, and cloud computing, by collaborating with clients such as Kakao Enterprise and leading academic institutions like Kyung Hee University Hospital. Norma's products are marketed globally, with a focus on regions that are actively investing in quantum technologies and digital transformation initiatives, including North America, Europe, and parts of Asia.In 2023, Norma reported a revenue of KRW 4,675,699.20 and an EBITDA of KRW -2,563,645.60, reflecting their structured B2B revenue model based on partnerships and collaborations with academic and corporate entities.Norma Inc. intends to leverage its recent Series C funding to explore the development of new products, particularly in quantum AI and cryptographic solutions, with plans for releases in the coming year. The company is targeting expansion into new markets, particularly North America and Europe, by 2025. The recent venture funding will support these initiatives, enhancing their product offerings and market penetration capabilities.

## Funding rounds

- Series C, Jul 29, 2021, $8.5M — NH Investment & Securities, KL& Partners, Ternary Fund Management
- Series B, Dec 28, 2019, $2.8M — Korea Investment Partners, UTC Investment, Hanwha Investment & Securities
- Series A, May 4, 2018, $3.3M — SBI Investment Korea, Korea Investment Partners, Korea Technology Finance Corporation

## Investors

- SBI Investment Korea (https://capitalatlas.ai/funds/sbi-investment-korea) — Series A
- Korea Investment Partners (https://capitalatlas.ai/funds/korea-investment-partners) — Series A, Series B
- Korea Technology Finance Corporation — Series A
- UTC Investment (https://capitalatlas.ai/funds/utc-investment) — Series B
- Hanwha Investment & Securities (https://capitalatlas.ai/funds/hanwha-investment-securities) — Series B
- NH Investment & Securities (https://capitalatlas.ai/funds/nh-investment-securities) — Series C
- KL& Partners — Series C
- Ternary Fund Management — Series C