Everspin
Category: AI in Cybersecurity
South Korean AI cybersecurity company specializing in AI-MTD (Moving Target Defense) and AI-WhiteList technology to prevent hacking and phishing across web, mobile, and digital environments. Everspin was founded in 2014. The company is led by Young-bin Ha (하영빈). Based in Seoul (Dongjak-gu), South Korea. Team size: 51-100. Total funding raised: $29M. Latest round: Series B. Key investors include SBI Holdings, Blackpine, DSC Investment, Mirae Asset Venture Investment.
- Founded
- 2014
- Headquarters
- Seoul (Dongjak-gu), South Korea
- Team size
- 51-100
- Total funding
- $29M
Value proposition
Everspin's AI-MTD (Moving Target Defense) technology continuously mutates security modules so attackers cannot analyze or bypass a fixed security logic, fundamentally neutralizing hacking attempts. Its AI-WhiteList technology learns 23 million app data points to detect malicious apps in real time.
Products and solutions
Eversafe Web (AI-MTD web hacking prevention), Eversafe Mobile (mobile hacking detection/blocking), FakeFinder (phishing detection/blocking), iDEFENDER, RTAS (real-time risk-sharing platform for financial sector), 문자백신 (SMS vaccine for smishing prevention), security consulting.
Unique value
Korea's only AI-combined MTD hacking-prevention technology that creates a 'moving defense line' — security modules that constantly change themselves, making web/mobile hacking and phishing attacks structurally impossible rather than merely harder.
Target customer
Financial institutions (banks, card companies, securities, savings banks), public sector (NTS, universities), entertainment (Ticketlink), and global financial groups (SBI, BRI Indonesia).
Industries served
Financial services, Public sector / government, Education, Entertainment, Telecommunications
Technology advantage
Proprietary AI-MTD (Moving Target Defense) and AI-WhiteList technologies; 33 patents; self-developed AI generator that continuously self-mutates security code; proven across 140+ domestic and international financial institutions; world's first dynamic security solution (Eversafe).
How they differentiate
Unlike static security solutions that can be analyzed and bypassed, Everspin's AI-MTD continuously mutates security modules so attackers cannot establish a fixed analysis target. This 'moving defense' approach is Korea's only AI-combined MTD technology, validated across 140+ financial institutions.
Main competitors
Raon Secure (라온시큐어), Penta Security, SGA Solutions, SEWORKS (에스이웍스)
Key partnerships
SBI Holdings (Japan JV 'SBI Everspin' + comprehensive security contract across SBI Group), NICE평가정보 (data + security partnership for financial fraud prevention), KISA (Korea Internet & Security Agency) for malicious SMS pre-blocking system, NTS (국세청).
Notable customers
NH농협은행, 삼성카드, 한국투자증권, 메리츠증권, KB증권, 저축은행중앙회, SBI저축은행, 국세청, 티켓링크, Korea University of Technology and Education (한기대), BRI Danareksa Sekuritas (Indonesia), 140+ financial institutions.
Major milestones
2014.02 Founded, 2015.04 Won Korea's first fintech contest (Fintech Korea) grand prize, 2015.07 Seed round, 2015.11 Series A + Financial Services Commission fintech award, 2018.05 Series B $20M from SBI Holdings & Blackpine, 2019 National R&D in web/dynamic/PC security, 2025 Won Korea SW Award Presidential Prize for Eversafe, 2026 Revenue +54.5%, operating profit x9.7, net profit x5.7, IPO preparation underway.
Growth metrics
2025: Revenue +54.5% YoY, operating profit x9.7, net profit x5.7 (per ZDNet Korea, Aug 2026); 140+ financial institution customers; 23M app data points in AI-WhiteList training.
Market positioning
Korea's leading AI-based dynamic security (MTD) company with #1 market share in hacking/phishing prevention; expanding from financial sector dominance into education, public, and global markets (Japan, Indonesia); preparing for IPO in 2026.
Geographic focus
South Korea (home), Japan (via SBI Everspin JV), Indonesia (via Everspin Indonesia subsidiary)
Patents and IP
33 patents held (per Innoforest); world's first dynamic security solution Eversafe; AI-MTD and AI-WhiteList proprietary technologies.
About Young-bin Ha (하영빈)
Ex-NHN (Development and Strategy Planning); Inventor of the world's first mobile barcode payment at DANAL; Korea University graduate. Three-time founder who raised investment in all three ventures.
Latest news about Everspin
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Official website: https://everspin.global/ko
