Industrial Robot Total Solution Specialist 'Hanyang Robotics' Secures 7 Billion KRW Investment

Hanyang Robotics, a company specializing in industrial robots and automation, officially announced on the 12th that it has successfully raised 7 billion KRW in Series B funding. The investment round included participation from DS Asset Management, Hana Securities, Hi Investment & Securities, and HGI.

This follow-up investment comes nine months after securing 6.5 billion KRW in Series A funding last October from SW Investment, Wanted Lab Partners, Korea Investment & Securities, and Shinhan Investment Corp.

Hanyang Robotics is a leading mid-sized company in the automation robot technology sector in the Chungnam region, having been selected as a Chungnam Star Company by Chungnam Technopark in 2022. Based on 25 years of accumulated technology and know-how, the company holds core technologies related to robot hardware and software. The projected annual sales for this year are expected to reach 30 billion KRW.

Founded in 1988 as Hanyang Engineering, the company started by developing injection molding machines and automating plastic molding factories. In 1995, it developed the first servo motor type pick-and-place robot in the industry. In 2000, it succeeded in developing Korea’s first 4000-ton servo robot.

Major clients include Samsung Electronics and LG Electronics, and last year, the company expanded its client portfolio to include the secondary battery industry. It has also signed multiple export contracts with overseas companies, earning the Export Tower award for $7 million in exports. In June this year, Hanyang Robotics was selected as a supplier of R&D robot solutions for the POSCO Group, securing a portfolio in the steel sector as well.

Hanyang Robotics plans to use the investment funds for facility investments, with a particular focus on developing new convergence technologies and commercializing 6-axis multi-joint robots.

Kang Jong-won, CEO of Hanyang Robotics, stated, “I am committed to leading the company with the determination to stand by our customers who use our products until the very end.” He also expressed his ambition, saying, “We will work even harder to create a company where employees are happy, which is our management philosophy.”

Meanwhile, Hanyang Robotics is accelerating its initial public offering (IPO) efforts after appointing Korea Investment & Securities as the lead underwriter last year. Recently, the company recruited Kim Min-seop, a financial expert with experience at NH Investment & Securities, SK Innovation, and Samjong Accounting Corporation, as Chief Financial Officer (CFO).

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