Details

Last Funding Type

Series B

Last Funding Money Raised

$4.26M

Industries

Cyber Security,Mobile Apps,Network Security

Founded date

Feb 28, 2014

Number Of Employee

11 - 50

Operating Status

Active

Founded in 2014, Everspin has brought in a new paradigm in the world cybersecurity market with its dynamic security module technology.

Everspin's unparalleled innovation has come from a simple, but unprecedented idea: If hacking occurs when enough time is given to hackers, why not cut down such time?


After years of R&D, Everspin has found a way to solve the fundamental problem that all of the existing mobile cybersecurity solutions entail: security modules are placed in the user’s app and they do not change until the app is updated, which inevitably renders mobile apps vulnerable to hacking.

Everspin’s technology enables its security module to be sent by Everspin server to the app and constantly replaced by a new module, which settles the issues that come from the location and invariability of the current solutions.

Though its products are currently targeting the mobile app market, Everspin with its highly versatile technology is expected to launch its service for Web/PC, server and IoT in the near future.


■ Solution Features:
-App/OS/Memory forgery prevention.
-Real-time hacking detection.
-Instant security update to multiple types of devices without any user-side program update.

■ Credibility
-First ever to pass all the security tests by National Security Research Institute in Korea(100% blocking rate for 3,000++ hacking attempts).
-Within 1year sales, secured 23cutomers including 3/5 of major banks in Korea.
-SBI Holdings to gradually implement Everspin solution to all of its 200++ subsidiaries around the world.