Security operations company Logpresso raises KRW 6 billion in Series A funding
Logpresso, a South Korea-based security operations platform company, announced on the 6th that it has secured a Series A investment of KRW 6 billion for its security operations (SecOps) platform expertise and business.
The investment was led by KB Investment, with participation from K2 Investment Partners and CJ Investment, bringing the total investment to 7 billion won.
Logpresso is differentiated from other security operations platforms because it supports both on-premises and cloud environments. Based on the strength of flexible operation in hybrid environments, Logpresso has gained more than 200 customers, including banks, securities, manufacturing giants, and large public organizations.
“Logpresso is one of the leading experts in security operations and will provide services that meet the rapidly shifting IT trends toward cloud and SaaS,” said Lee Jun-seok, Director at KB Investment. “We expect Logpresso to continue to innovate in the field of cybersecurity.”
“With this investment, we will add AI technology to our security operations platform and focus on transforming it into a software-as-a-service (SaaS) offering to become a global security operations platform specialist,” said Bong-Yeol Yang, CEO of Logpresso.
Logpreso is a 10-year-old security operations platform company that provides a unified security management (SIEM) platform, Logfreso Sonar, and a security operations automation (SOAR) platform, Logfreso Maestro. It also provides a variety of apps that can easily integrate domestic and foreign security products with various cloud services and SaaS through the Logpresso Store.
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