AlpacaX Selected for DIPS 1000+ With $400K in Funding

We are excited to announce that AlpacaX has been selected for South Korea’s renowned DIPS 1000+ program, securing $400K in funding to accelerate the development of our Alpacon platform. This marks a significant milestone as we prepare for a strong U.S. entry this year.

March 24, 2025

AlpacaX Recognized for Global Potential

Deep Tech 1000+ Startup Initiative Project (DIPS 1000+), led by South Korea’s Ministry of SMEs and Startups, supports deep-tech startups with outstanding technology and global potential, enabling them to expand and grow beyond the domestic market.

The evaluation focused mainly on assessing the company’s global potential in terms of innovation and growth. It looked at how well a company’s technology or product can attract international collaboration and investment, as well as its ability to integrate with global markets. Key criteria included the demand for global partnerships, the potential for technology convergence, the capability to execute cross-border cooperation, the readiness to attract foreign investment, and the feasibility of localizing and scaling overseas.

With this support, we will receive $400K in funding over the next three years, along with additional backing in technology commercialization, open innovation, investor engagement, and advanced R&D. This will give us a significant boost as we scale both within South Korea and into global markets.

“We will leverage the DIPS 1000+ program to develop the world’s most advanced server access technology and expand aggressively into global markets,” said Eunyoung Jeong, our CEO. “Our goal is to make Alpacon the next-generation standard in privileged access platforms, redefining how infrastructure is secured and managed worldwide.”

Alpacon SaaS—A Smarter Approach to DevSecOps

With support from the DIPS 1000+ program, we are accelerating Alpacon’s development to meet the demands of global technology standards. While South Korea has adapted to these international standards, we are moving beyond adaptation—building our technology to define the standards themselves.

Originally launched as an on-premise solution, we are now preparing to launch Alpacon SaaS officially. This shift enables us to provide easier scaling and broader accessibility without compromising on the security and control that enterprises demand. Our primary focus is on the U.S. market, aiming to bring our advanced DevSecOps native automation and secure remote server management capabilities to a broader global audience. By offering seamless deployment, zero-trust access control, and real-time audit logging, Alpacon SaaS meets the needs of our customers, from individuals to enterprises.