SOMMA,INC.
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SOMMA,INC. - overview
Established
2016
Location
Seongnam-si, Gyeonggido, South Korea
Primary Industry
IT Security/Cybersecurity
About
Based in South Korea, SOMMA, INC. specializes in cybersecurity, providing advanced threat analysis and prevention solutions aimed at creating secure computing environments for organizations. SOMMA, INC. is a cybersecurity firm focused on protecting against sophisticated cyber threats.
Founded in 2016 and headquartered in Seongnam-si, South Korea, the company is led by founder and CEO Yong-hwan Noh. In November 2020, SOMMA raised Seed funding from Korea Tech Incubator for Startup as part of an Accelerator Investment-Driven Tech Incubator Program, although the financial terms remain undisclosed. The company has completed a total of 1 deal. SOMMA, Inc.
is a cybersecurity firm specializing in advanced threat analysis and prevention solutions designed to create secure computing environments. Their core offerings include the MONSTER Managed Threat Hunting Platform, which automates the processes of data collection, threat analysis, detection, tracking, and response to sophisticated cyber threats such as Advanced Persistent Threats (APTs). Additionally, SOMMA provides the CHEIRON Adversarial Behavior Emulator, which simulates attacks resembling actual adversary tactics to evaluate security postures. The ANY-OFFICE Remote Work Management solution allows real-time monitoring and control of remote devices, ensuring comprehensive oversight of system activities.
The company's products cater to a range of clients, including domestic public institutions and private sector organizations across various industries, with a focus on markets in South Korea and potentially expanding to international clients. SOMMA, Inc. generates revenue through structured business transactions primarily through the sale of its cybersecurity products and services, such as subscriptions for its MONSTER platform and the ANY-OFFICE solution. Clients typically enter into subscription agreements for access to these platforms, which may include tiered pricing models based on user licenses or usage levels.
The company has established contracts with governmental and public institutions, often involving long-term engagements to ensure ongoing cybersecurity support and threat management. Specific pricing plans for each product are strategically set to align with the value provided to clients and the specific requirements of their security needs, fostering a business-to-business (B2B) transaction model that emphasizes reliability and service continuity in the cybersecurity domain. As of November 2020, SOMMA, INC. plans to utilize the funding raised to enhance its cybersecurity solutions and expand its product offerings.
The company is working on new features and updates for its existing platforms while targeting expansion into international markets to diversify its clientele. Specific regions for future growth have not been disclosed, but the focus remains on enhancing service capabilities and entering new territories.
Current Investors
Korea Tech Incubator for Startup, Korea Science & Technology Holdings, Shinhan Capital
Primary Industry
IT Security/Cybersecurity
Sub Industries
IT Security/Cybersecurity
Website
www.somma.kr/
Total Amount Raised
Subscriber access only
SOMMA,INC. - financials
| Fiscal Year Ended | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|
| Revenue (USD) | 972,609,000 | 332,336,000 | - | - | - |
| % Revenue Growth (YoY) | - | (65.8%) | - | - | - |
| EBITDA (USD) | - | - | - | - | - |
| Operating Income (USD) | (54,474,000) | (1,454,335,000) | - | - | - |
| Operating Margin | (5.6%) | (437.6%) | - | - | - |
| % EBITDA Margin | - | - | - | - | - |
| NET Income (USD) | 201,823,000 | (674,725,000) | - | - | - |
| % Net Margin | 20.8% | (203.0%) | - | - | - |

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