Inka Networks, SV Investment, and Others Secure 11.1 Billion KRW in Funding

Full-Scale Entry into the US and European Markets

Inka Entworks announced on the 8th that it has secured an investment of 11.1 billion KRW. This investment was led by SV Investment, a leading domestic venture capital listed company, with DSC Investment, Stonebridge Ventures, Innopolis Partners, and IBK Industrial Bank of Korea participating as co-investors.

Inka Entworks provides the mobile app security service 'AppSealing' and the media content security solution 'PallyCon' as cloud-based Software as a Service (SaaS). Centered in its Korean headquarters, Inka Entworks operates branches in the United States, India, and Indonesia, recording a compound annual growth rate (CAGR) of 43% in overseas sales over the past three years, rapidly growing in Korea and the Asia-Pacific region while steadily securing global customers.

With this investment, Inka Entworks plans to accelerate its entry into the US and European markets to strengthen its position as a global company and secure outstanding technical talent both domestically and internationally. The company intends to focus on enhancing competitiveness through product advancement.

Seongmin An, CEO of Inka Entworks, stated, “As the first in Korea to provide mobile app and content security technology in a SaaS format, we have contributed to industry growth by effectively preventing hacking and illegal duplication damages for content providers and mobile app operators.” He added, “Based on this investment, we will solidify our position in the domestic security market and strive to achieve results in the global market as well.”