S2W: From Cyber Security to Big Data AI – Key Takeaways from IPO Press Conference
HereS a summary of the key information from the provided text about S2W, a South Korean company preparing for an IPO:
Core Business & technology:
evolution: S2W is transitioning from a cyber security company specializing in dark web/deep web analysis to a big data analysis AI company.
Specialization: They excel in analyzing atypical data found on the Dark Web and Deep Web, focusing on cyber threat intelligence (CTI), threat detection, and crime network analysis. Key Technology: “Multi-domain cross-analysis” – a self-data collection and AI-powered analysis technology.
Flagship Products:
Jarvis: Security big data platform for public/government agencies.
Quasa: CTI platform for corporations.
SAIP: Industry-specific AI platform for specialized big data analysis.
Business Performance & Clients:
Strong Client Retention: 96% customer retention rate, demonstrating model stability and competitiveness.
Key Clients: Government agencies, financial institutions, investigative bodies, Interpol, and Microsoft (providing data for Security Copilot).
International Growth: Significant expansion in overseas markets (Indonesia,Taiwan,Singapore,Japan) with B2G (business-to-government) contracts.
Revenue: 23% of last year’s sales came from overseas, a six-fold increase in exports year-over-year.
Future Strategy & IPO Details:
Global Expansion: Accelerated expansion post-IPO, focusing on:
Establishing local subsidiaries in Japan and Singapore.
Building global Internet Data Centers (IDCs).
Expanding distributor networks in Asia and the Middle East (currently 20 partners in 8 countries).
Utilizing a “pre-public and post-private” strategy (B2B market entry based on B2G success).
IPO Details:
Offering 1.58 million shares.
Price range: ₩11,400 – ₩13,200 per share (estimated ₩18-20.9 billion total).
Lead manager: Daishin Securities.
In essence, S2W is positioning itself as a leader in leveraging dark web intelligence and AI-powered big data analysis for security and broader analytical applications, with a strong focus on international growth.
