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 EndedDec 31, 2020Dec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024
Revenue (USD)972,609,000332,336,000---
% 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 Margin20.8%(203.0%)---

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