# Qubit Security

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/qubit-security

- Industry: IT Security/Cybersecurity
- Headquarters: Seoul, South Korea
- Website: www.plura.io
- Latest round: Seed (Mar 1, 2015)
- Investors on record: 1

## About

Based in Seoul, South Korea, Qubit Security Inc. specializes in providing advanced cybersecurity solutions through its PLURA-XDR platform, enhancing security for businesses globally.Qubit Security Inc. operates as a cybersecurity firm that was founded in 2014 in Seoul, South Korea. The company was established to focus on integrating advanced security measures for businesses. The CEO is Seungmin Shin, who has a significant background in technology and security. In March 2015, Qubit Security raised seed funding from investor SparkLabs Accelerator, marking its initial stride toward growth. The company has secured one deal to date.PLURA-XDR offers a comprehensive Cloud SECaaS (Security as a Service) platform designed to enhance cybersecurity measures for businesses across various sectors. This platform integrates advanced detection and response capabilities, providing real-time monitoring and threat intelligence to mitigate risks associated with cyberattacks. The core functionalities include automated incident response, data protection, and compliance monitoring, catering primarily to organizations seeking to safeguard sensitive information and maintain regulatory compliance. PLURA-XDR's services are specifically geared towards industries such as finance, healthcare, and e-commerce, where data security is paramount. The products have been developed and refined over the past few years, positioning the company to serve clients in North America, Europe, and parts of Asia, ensuring a broad geographical reach in their market strategy.In the most recent fiscal year of 2024, Qubit Security recorded a revenue of USD 602,400.9, with an EBITDA of USD -787,535.8. The company generates revenue primarily through subscription-based models, allowing clients to access their SECaaS offerings on a recurring basis. Clients typically engage in annual or monthly subscription agreements, which provide continuous access to the platform's security features and updates. The company offers tiered pricing plans that cater to different organizational sizes and security needs, ensuring that both small businesses and large enterprises can find suitable options. Revenue is bolstered through additional partnerships, which may involve collaborative efforts with other tech firms to expand service offerings and integrate with existing client infrastructures.Qubit Security's future growth strategy involves the design and launch of new products, with specific details on release dates forthcoming. The company plans to expand into additional markets, particularly targeting regions in Asia and Europe by 2025. The funding raised in March 2015 will support these initiatives, providing the necessary resources for product development and market entry efforts.

## Funding rounds

- Seed, Mar 1, 2015 — SparkLabs Accelerator

## Investors

- SparkLabs Accelerator (https://capitalatlas.ai/funds/sparklabs-accelerator) — Seed