'Saengchevision AI Robotics' Robos Successfully Raises 7 Billion KRW in Series A Funding
Series A Investment Secured in 1 Year and 10 Months Since Startup
Cumulative Investment Reaches 8 Billion KRW
Slaughterhouse Unmanned Robots and Slaughter Process Automation System
Robos, which developed a slaughtering process robot using Korea's first independently developed bio-vision artificial intelligence (AI) technology, has succeeded in attracting Series A investment just 1 year and 10 months after its founding.
According to the venture capital (VC) industry on the 14th, Robos, which succeeded in raising about 7 billion KRW in Series A investment, has achieved a total cumulative investment of approximately 8 billion KRW.
This investment involved multiple institutions including Nonghyup Bank and NH Investment & Securities, subsidiaries of the National Agricultural Cooperative Federation, Gyeongnam Venture Investment, JCH Investment, Korea Technology Finance Corporation, DTN Investment, CKD Venture Capital, FuturePlay, and Vision Venture Partners. This achievement came about seven months after receiving investments last June from Vision Venture Partners, Gyeongnam Venture Investment, Samik Mats Ventures, and Series Ventures.
Robos possesses robot implementation technology in which its independently developed bio-vision AI technology (RBS), trained through deep learning techniques to control bio-objects of varying shapes by robots, and a hybrid robot system are interconnected and operate together. This technology is applicable across various industrial sectors, and in August last year, the Ministry of SMEs and Startups selected Robos as a final recipient of the ‘Deep Tech·TIPS’ program, which supports technology development funds for startups with outstanding technology related to ‘unmanned slaughterhouse robots and slaughtering process automation systems.’
Hong Gwang-rak, deputy general manager of Nonghyup Bank, a major investor in this round, stated, “The slaughtering robot developed by Robos can greatly contribute to improving the harsh working conditions and labor shortages at slaughterhouses,” adding, “Through this investment, we expect to accelerate the launch of robots needed in the slaughtering process, establish automated slaughtering process systems, and rapidly enter the global market.”
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Robos founder and CEO Jae-hyun Park said, “To realize a smart factory for slaughterhouses, we will expand our robot lineup and extend our expertise from bio-vision AI to object-vision AI,” adding, “We will expand robot automation technology applicable to various industrial fields to grow the market and increase sales.”
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