Wil Robotics Raises 95 Billion Won in Series B Funding, Accelerates Humanoid Business Expansion

Series A Funding of 13 Billion Won Raised in March 2024

Large-Scale Follow-Up Investment Secured After Two Years

Wil Robotics, a global robotics company, announced on May 15 that it has completed a Series B funding round worth approximately 95 billion won. This large-scale follow-up investment comes about two years after the 13 billion won Series A round in March 2024, and is seen as recognition of both the company’s next-generation robotics technology and its potential for business expansion.

JB Investment participated as the lead investor in this round, joined by Intervest, Hana Ventures, Smilegate Investment, SBVA, NH Investment & Securities, Company K Partners, Jiyu Investment, and FuturePlay, among others.

The humanoid robot 'ALLEX' by Wirobotics, which is being developed with the goal of achieving human-level manipulative intelligence. Wirobotics

Wil Robotics has designated its humanoid business as a next-generation core growth sector and has developed the humanoid robot “ALLEX.” The company is advancing next-generation physical AI technologies in collaboration with Amazon Web Services (AWS) and NVIDIA, and is also in discussions to conduct manufacturing environment-based platform proof-of-concept (PoC) projects with global automobile manufacturers. Wil Robotics plans to begin by launching a research-oriented humanoid platform at the end of this year, expand collaboration with global research institutes, and pursue initial commercialization by establishing mass production systems by the end of next year.

The foundation of this humanoid technology development lies in the real-world usage data and control technologies accumulated through wearable robots.

Wil Robotics has accumulated actual user data for about three years, focusing on its wearable walking-assistance robot “WIM.” The company recently surpassed 3,000 units in cumulative sales and has entered major overseas markets including Europe, China, Turkey, and Japan. Revenue has more than doubled each year, recording 560 million won in 2023, 1.3 billion won in 2024, and 2.79 billion won projected for 2025, with first-quarter 2026 sales already surpassing the total annual revenue of 2024. In addition, the company has received the CES Innovation Award, the world’s largest electronics and IT exhibition, for three consecutive years, a testament to its technological prowess and product competitiveness in the global market.

Lee Yeonbaek, Co-CEO of Wil Robotics, stated, “We believe this investment is a result of global recognition of the potential for real human movement data and control technologies, accumulated through wearable robots, to be expanded into next-generation humanoid robotics.” He added, “We will accelerate the arrival of an era where humanoid robots interact naturally with people.”

Kim Yongjae, Co-CEO of Wil Robotics, said, “All investors from the previous Series A round participated in this Series B follow-up investment, demonstrating strong confidence in Wil Robotics’ technology and growth potential amid global humanoid competition.” He went on to say, “Wil Robotics’ mission is to develop humanoids capable of leading a paradigm shift in high-performance human-level manipulation technologies.”

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