Saltware
Category: AI Infrastructure
South Korea's first KOSDAQ-listed cloud MSP transitioning into an AI and data platform company, offering cloud managed services, AI solutions (FitSapie brand), and smart farm technology. Saltware was founded in 2003. The company is led by Lee Jeong-geun (이정근). Based in Gwacheon, Gyeonggi-do, South Korea. Team size: 101-500. Latest round: IPO. Key investors include Mirae Asset Securities (SPAC merger partner), Public shareholders (KOSDAQ: 328380).
- Founded
- 2003
- Headquarters
- Gwacheon, Gyeonggi-do, South Korea
- Team size
- 101-500
Value proposition
End-to-end cloud and AI services combining cloud MSP expertise with proprietary AI solutions (FitSapie), enabling enterprises to adopt generative AI securely with private LLMs, AI agents, and managed data services.
Products and solutions
FitSapie AI Suite (Sapie-Bot chatbot, Sapie-LLM private LLM, Sapie-Reco recommendation, Sapie-Guardian AI security, Sapie-DeepQ NL2SQL, Sapie-Chart data analysis, Sapie-AgenticAI agent platform, Sapie-LLMOps, Sapie-Braille accessibility, Sapie-Farm smart farm), FitCloud (cloud MSP), enView (enterprise portal)
Unique value
Only Korean cloud MSP with KOSDAQ listing that offers integrated cloud infrastructure, data platform (Databricks partnership), and proprietary AI solutions (FitSapie) including private LLM, AI agents, and AI security — all under one roof.
Target customer
Enterprise and public sector organizations in Korea, particularly finance, manufacturing, government/public sector, gaming, edutech, and media/CDN industries with legacy systems needing cloud migration and AI transformation
Industries served
Financial services, Public sector/Government, Manufacturing, Gaming, Edutech, CDN/Media, Smart Agriculture
Technology advantage
First Korean cloud MSP to go public on KOSDAQ (2022); Proprietary Sapie-LLM ranked #1 on W&B Horangi Leaderboard for open-source Korean language models; AWS Migration Competency Partner, AWS DevOps Competency Partner, AWS Financial Services Competency Partner; Red Hat Premier Partner; Databricks collaboration partner; KCSP (Kubernetes Certified Service Provider); 20+ years of IT infrastructure experience
How they differentiate
Only Korean cloud MSP that combines cloud infrastructure operations, data platform capabilities (Databricks), and proprietary AI solutions (FitSapie) in an end-to-end offering. KOSDAQ-listed with stable recurring revenue from cloud MSP operations, enabling long-term R&D investment in AI. Strong focus on private LLM for security-conscious Korean enterprises.
Main competitors
Megazone Cloud (메가존클라우드), Bespin Global (베스핀글로벌), Clocus (클루커스)
Key partnerships
AWS (Advanced Consulting Partner, Migration Competency, DevOps Competency, Financial Services Competency), Red Hat (Premier Partner), Databricks (collaboration partner), Naver Cloud Platform (NCP), IBM, Oracle, Citrix
Notable customers
Financial institutions, public sector organizations, and enterprises in Korea across finance, gaming, edutech, and media sectors (specific customer names not publicly disclosed)
Major milestones
2003: Company founded, 2014: AWS partnership began, 2020: First Korean company to earn AWS DevOps Competency Partner, 2021: KCSP (Kubernetes Certified Service Provider) certification, 2022: KOSDAQ listing via SPAC merger (ticker: 328380), 2024: AWS Migration Competency Partner, 2024: Sapie-LLM ranked #1 on W&B Horangi Leaderboard for open-source Korean language models, 2024: Acquired smart farm company Gahwatech, 2025: Launched FitSapie AI brand with full product suite, 2026: Announced AI-driven Kubernetes operations automation strategy
Growth metrics
2024 Revenue: ~₩57.9B (~$43M); Cloud business revenue grew from ₩18.8B (2022) to ₩31.1B (2024); KOSDAQ market cap: ~₩21.1B (~$15-16M); ~130 employees
Market positioning
Mid-tier Korean cloud MSP transitioning to AI/data platform company. Competes with larger MSPs like Megazone Cloud and Bespin Global but differentiates through KOSDAQ listing, proprietary AI stack (FitSapie), and strong government/public sector presence.
Geographic focus
South Korea (domestic focus with some international smart farm projects in Middle East)
Patents and IP
Smart farm related patents; Proprietary Sapie-LLM models on HuggingFace (sapie-gemma2-9B-IT); enView enterprise portal IP; FitCloud platform IP
About Lee Jeong-geun (이정근)
Ex-Daewoo Motors (IT department); Dongguk University Computer Engineering; Daewoo Information Systems New Technology Planning Team Leader; Wiz Information Technology CEO
Latest news about Saltware
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Official website: https://www.saltware.co.kr