Logpresso secures a 16 billion won Series B investment to accelerate its AI-based cybersecurity transition and expand its global market presence.

Target Information

Logpresso, established in 2013, is a specialized company in cloud-based Security Information and Event Management (SIEM) solutions. With a strong presence in the cybersecurity and IT operations sectors, Logpresso has developed a reputation for delivering an innovative SecOps platform that addresses diverse industry needs, including fraud detection and operational security management. The company has recently transitioned its proven technologies into a Software as a Service (SaaS) model, launching 'Logpresso Cloud' in 2023, which has garnered significant trust from both large enterprises and startups.

Industry Overview in South Korea

The cybersecurity sector in South Korea is rapidly evolving, driven by increasing digital threats and a growing reliance on technology across various industries. The government has recognized the importance of strengthening cybersecurity frameworks and has introduced numerous initiatives aimed at enhancing national security and protecting sensitive information. This strategic focus on cybersecurity not only promotes innovation but also positions South Korea as a competitive player on a global scale.

Furthermore, South Korea’s market for cloud security solutions has seen substantial growth, projected to reach a valuation of approximately 3.5 trillion won with an annual g