S2W Declares Itself a 'Big Data Analytics AI Company'... "Challenging KOSDAQ Listing in the Second Half"

Big data analytics artificial intelligence (AI) company S2W held the ‘S2W NEXT Vision Declaration Press Conference’ on the morning of the 11th at The Plaza Hotel in Jung-gu, Seoul, where it announced its accumulated business achievements and future vision, including plans for an initial public offering (IPO) for listing on KOSDAQ in the second half of the year.

S2W, selected as one of the Top 100 Technology Pioneers of 2023 by the World Economic Forum (WEF), has developed an AI platform for security data analysis by accumulating AI technology through collecting, processing, and analyzing various unstructured big data from diverse hidden channels such as the dark web and Telegram since its inception. Its representative AI solutions include ▲ the industrial generative AI platform ‘SAIP’ and ▲ the cybersecurity platform for public institutions ‘Javis’.

Seosangdeok, CEO of S2W, said, “Leading companies across various industries such as manufacturing, IT telecommunications, finance, and distribution are innovating business productivity through S2W’s AI big data solutions. Interest in the industrial generative AI platform ‘SAIP’ is increasing, and although it has been less than a year since its launch, its sales proportion is growing.”

Following this, Park Geuntae, Chief Technology Officer (CTO) of S2W, introduced the differentiated competitiveness of the ‘multi-domain cross-analysis technology’ commonly applied to all of S2W’s big data analytics AI platforms. He explained that this technology encompasses S2W’s years of research and development (R&D) achievements, including multi-source and heterogeneous data collection and processing technology, domain-specialized AI language models, and knowledge graph-based clustering cross-analysis.

S2W also disclosed its financial performance on the day. Since its founding in September 2018, S2W’s compound annual growth rate (CAGR) of sales from 2019 to 2023 has exceeded 89%, and the sales for last year, currently being compiled, have significantly increased compared to the previous year. S2W explained that 82% of last year’s provisional sales were recurring revenue based on software as a service (SaaS), and the proportion of overseas sales is expected to increase by 18% compared to the previous year. Based on this growth trend and stable profit structure, S2W is preparing for an IPO for KOSDAQ listing in the second half of this year.

CEO Seo said, “The year 2024 was a year in which we fully confirmed the infinite possibilities of enhanced profitability and business territory expansion,” adding, “The IPO will serve as a catalyst for S2W to demonstrate its capabilities as a global big data analytics AI company in a broader market.”

This content was produced with the assistance of AI translation services.