On the 25th, the big data analysis artificial intelligence (AI) corporation S2W announced that it has passed the preliminary examination for its listing on the KOSDAQ market.
S2W plans to complete preparations for submitting its securities registration statement soon and aims to launch the initial public offering (IPO) process in the second half of this year. The listing underwriter is DAISHIN SECURITIES.
Founded in 2018, S2W has domain-specific AI technology accumulated through various hidden channels, including the dark web and Telegram, as well as capabilities in collecting and analyzing unstructured big data. Based on this, it has developed various AI-based solutions to support the enhancement of security competitiveness for investigative and defense agencies and improve information security operations and data management efficiency for corporations.
Currently, it offers cybersecurity big data platforms for public and government agencies called "XARVIS," a cyber threat intelligence (CTI) platform for corporations and organizations called "QUAXAR," and an industrial generative AI platform called "S2W AI Platform." In particular, it has been noted for its differentiated technological capabilities that maximize the accuracy of data collection, learning, and inference through "multi-domain cross-analysis" using an ontology-based knowledge graph, generating insights applicable in a wide range of practical fields encompassing security and industry.
S2W is enhancing its market presence by collaborating with large domestic and foreign corporations, public sector agencies, and international organizations, based on its unique technical expertise. In particular, the achievements in the global public sector generated through its advanced security AI competitiveness are receiving special attention. It has maintained a cooperative relationship with INTERPOL to enhance public security in the international community since 2020.
It has also been invited several times to security conferences of international organizations, including INTERPOL and the United Nations Office on Drugs and Crime (UNODC), where it showcased its AI technology for tracking cybercrime, garnering attention. Additionally, it has attracted clients from the government agencies of Japan, Singapore, and Indonesia, as well as the Taiwan Stock Exchange, making headlines. Thanks to strong performance in overseas markets, S2W's overseas sales last year grew more than six times compared to the previous year.
S2W CEO Seo Sang-deok noted, "This IPO will serve as a new leap for S2W's business to expand on a global scale beyond Asia," adding, "We plan to refine our business strategy, focusing on securing the public sector first, then expanding into the private industry in that region, while actively supporting AI transformation (AX) in both the security and industrial sectors."