Intellivix Begins IPO Process: "AI That Protects Lives"

Artificial intelligence (AI) company Intellivix has officially begun the process for its initial public offering (IPO).

On March 26, Intellivix announced that it had submitted a preliminary review application to the Korea Exchange for a KOSDAQ listing. Intellivix provides AI-based video surveillance services. The company operates a generative AI-based safety monitoring platform called 'Gen AMS' and an AI agent named 'VIXA'.

Intellivix holds a 68.5% market share in the domestic intelligent video analytics market for local governments in South Korea.

The company explained that it is pursuing a general listing, not a technology exception listing, based on its stable financial structure. Intellivix has shown growth in revenue over the past three years. Revenue increased from 3.4 billion won in 2024 to 4.66 billion won last year. Operating profit grew from 230 million won in 2024 to 490 million won last year.

Intellivix stated that, through the listing, it plans to invest in advancing generative vision AI, recruiting global talent, and expanding into overseas markets. CEO Choi Eunsoo of Intellivix commented, "We believe that 'actionable AI'—AI that goes beyond showcasing technology to actually protecting people's lives and property in real life—will lead the market. We aim to become a safety AI platform company responsible for the safety of people around the world."

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