INKA Entworks Secures $8.2 Million Funding to Accelerate Global Growth and AI Innovation
INKA Entworks, a global frontrunner in video content security and mobile application security solutions, has successfully secured $8.2 million in a funding round. Led by SV Investment, the round also saw significant participation from prominent investors such as DSC Investment, Stonebridge Ventures, Inopolis Partners, and IBK Industrial Bank. This strategic investment solidifies INKA Entworks’ position as a market leader and provides the necessary fuel for substantial growth and innovation in the years to come.
Strengthening Market Leadership and Global Expansion
The newly acquired funding will empower INKA Entworks to significantly enhance its portfolio of advanced video content security solutions and SaaS-based mobile application security services. By leveraging cutting-edge AI technologies, the company aims to further refine its capabilities in providing unparalleled revenue protection across diverse sectors, including media, sports, banking, fintech, and retail.
This investment will play a pivotal role in accelerating INKA Entworks’ entry into the U.S. and European markets. This geographical expansion will not only bolster the company’s global footprint but also significantly strengthen its recruitment initiatives, enabling it to attract and retain top-tier talent in the industry.
Lee Sung-min, Team Leader of SV Investment’s VC Division, remarked, “It is remarkable that a domestic software company has achieved such phenomenal growth, with 60% of its revenue originating from overseas. This investment will support INKA Entworks in securing major customers in North America and Europe, solidifying its leadership in the video content and application security markets with AI-based solutions.”
Impressive Growth Trajectory
INKA Entworks has demonstrated an impressive growth trajectory, boasting a compound annual growth rate (CAGR) of 43% in overseas sales over the past three years. This remarkable achievement underscores the company’s ability to effectively scale and adapt to the evolving demands of the global market.
The company’s innovative SaaS offerings – PallyCon and AppSealing – have become indispensable tools for businesses worldwide in combating hacking and illegal content duplication. PallyCon, a robust digital rights management (DRM) and anti-piracy platform, provides comprehensive protection for video content against unauthorized access and distribution. AppSealing, on the other hand, offers real-time application security, safeguarding mobile apps from potential threats such as reverse engineering and tampering.
This trust and reliance are reflected in INKA Entworks’ impressive client portfolio, which includes a diverse range of high-profile names such as DAZN, Schneider Electric, PCCW, VIU, Vidio, LGU+, Bajajfinsev, and Prasar Bharti. These partnerships signify INKA Entworks’ extensive reach and influence within the industry. By consistently delivering high-quality security solutions, the company has firmly established itself as a trusted partner for businesses seeking robust protection for their valuable digital assets.
Innovations Driving the Industry
James Sungmin Ahn, CEO of INKA Entworks, emphasized the company’s pioneering role in the industry. “As the first domestic company to offer mobile app and content security technologies in a SaaS format,” he stated, “we are contributing significantly to the growth of the security industry. This investment will further strengthen our position in South Korea and significantly boost our efforts to achieve global success.”
INKA Entworks remains steadfast in its commitment to innovation. The company’s immediate priorities include:
- Enhancing Product Innovation: Leveraging AI and other advanced technologies to continually improve the effectiveness and efficiency of its security solutions. This includes developing more sophisticated AI-powered threat detection and response mechanisms.
- Expanding Global Presence: Accelerating its market penetration in the U.S. and European markets to capture new opportunities and establish stronger customer relationships. This will involve strategic partnerships, targeted marketing campaigns, and the establishment of regional offices.
- Strengthening Leadership: Building a robust leadership team with a diverse skillset to drive strategic initiatives, foster a culture of innovation, and set new benchmarks in digital security. This includes attracting and retaining top talent in areas such as cybersecurity research, product development, and sales and marketing.
These strategic initiatives are aimed at creating a secure digital ecosystem that benefits businesses and end-users alike, paving the way for a safer and more reliable digital future.
A Trusted Partner for Security Solutions
INKA Entworks’ flagship solutions, PallyCon and AppSealing, have become synonymous with reliability and innovation in the security domain. PallyCon, the company’s robust DRM and anti-piracy platform, utilizes advanced encryption techniques and watermarking technologies to safeguard video content from unauthorized access and distribution. AppSealing, on the other hand, employs a multi-layered security approach to protect mobile applications from various threats, including reverse engineering, tampering, and malware attacks.
These solutions are not only technologically advanced but also highly user-friendly and easy to integrate into existing business workflows. This ease of use makes them a preferred choice for businesses across various industries, regardless of their technical expertise. By effectively addressing the evolving security challenges of the digital age, INKA Entworks has solidified its position as a key player in the global security landscape.
Industry Recognition and Strategic Vision
The success of INKA Entworks is a testament to its strategic vision, unwavering commitment to excellence, and a consistent track record of innovation. Over the years, the company has garnered numerous accolades for its contributions to the security industry. Its ability to anticipate market trends, identify emerging threats, and deliver innovative solutions has earned it a well-deserved reputation as a leader in its field.
As the company looks towards the future, its focus remains on driving innovation, expanding its global reach, and setting new standards in the industry. With the strong support of its investors and a dedicated team of highly skilled professionals, INKA Entworks is well-positioned to achieve its ambitious goals and make a lasting impact on the digital security landscape.
About INKA Entworks
INKA Entworks is a global leader in content and mobile application security solutions. With a mission to protect digital assets across various industries, the company offers cutting-edge technologies that ensure the safety and integrity of video content and mobile applications. By delivering reliable and innovative solutions, INKA Entworks is shaping the future of digital security.
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