# S2W LAB

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/s2w-lab

- Industry: IT Security/Cybersecurity
- Headquarters: Seongnam, South Korea
- Website: www.s2w.inc
- Total disclosed funding: $13M
- Latest round: Series B (Sep 17, 2021)
- Investors on record: 9

## About

Founded in 2018 and headquartered in Seongnam, South Korea, S2W LAB Inc. develops cutting-edge data intelligence solutions. The company has successfully completed six deals, with its latest funding round raising KRW 3 billion on December 19, 2024. Sangduk Suh serves as both the CEO and founder of the company, steering its vision and growth in the data intelligence sector. In September 2025, S2W LAB Inc. raised approximately KRW 20 billion in an IPO, selling 1,580,000 shares at KRW 13,200 apiece, within the expected KRW 11,400-13,200 price range on the KOSDAQ.

S2W specializes in advanced data intelligence solutions integrating artificial intelligence, big data, and security technologies. Its core product offerings include the SAIP, a tailored generative AI platform; QUAXAR, a comprehensive cyber threat intelligence platform; and XARVIS, which provides AI-powered cybercrime intelligence. These platforms facilitate secure data operations, enabling organizations to create domain-specific AI ecosystems that enhance data management and operational efficiency. S2W also offers the EYEZ virtual asset intelligence solution, focusing on protecting digital assets from cyber threats, with clientele spanning finance, healthcare, and technology industries across North America, Europe, and Asia.

S2W generates revenue through a B2B model, offering subscription-based services alongside tailored consulting solutions. Clients engage through partnerships leveraging AI and data analytics expertise, optimizing their data operations and enhancing security measures. Transactions involve annual or monthly subscriptions for access to S2W's flagship products, often including customized packages to meet unique client requirements, thus fostering long-term relationships with enterprises seeking comprehensive cyber threat detection and data intelligence solutions.

S2W LAB Inc. plans to leverage its recent KRW 20 billion IPO to strengthen its cybersecurity and AI R&D capabilities by expanding high-performance GPU and data-processing infrastructure, upgrading aging systems, and establishing global data centers to support scalable, next-generation AI and big-data services.

## Funding rounds

- Series B, Sep 17, 2021, $10M — Korea Development Bank, LB Investment, Mirae Asset Venture Investment, Magellan Technology Investment, YG Investment, Lotte Ventures, DS Asset Management
- Series A, Nov 28, 2019, $3M — LB Investment, Magellan Technology Investment, Stonebridge Ventures
- Seed, Oct 26, 2018, $0.1M — Bluepoint Partners

## Investors

- Bluepoint Partners (https://capitalatlas.ai/funds/bluepoint-partners) — Seed
- LB Investment (https://capitalatlas.ai/funds/lb-investment) — Series A, Series B
- Magellan Technology Investment (https://capitalatlas.ai/funds/magellan-technology-investment) — Series A, Series B
- Stonebridge Ventures — Series A
- Korea Development Bank (https://capitalatlas.ai/funds/korea-development-bank) — Series B
- Mirae Asset Venture Investment (https://capitalatlas.ai/funds/mirae-asset-venture-investment) — Series B
- YG Investment (https://capitalatlas.ai/funds/yg-investment) — Series B
- Lotte Ventures (https://capitalatlas.ai/funds/lotte-ventures) — Series B
- DS Asset Management (https://capitalatlas.ai/funds/ds-asset-management) — Series B