Spatial information solution startup Mobiltech has secured a new investment worth 13 billion won. As building three-dimensional virtual spaces is seen as key to developing physical artificial intelligence (physical AI) technologies for robots and other systems, institutional investors including venture capital (VC) firms flocked in.
On the 5th, according to the VC industry, Mobiltech recently completed a pre-IPO round raising 13 billion won. Stonebridge Ventures, SBI Investment KOREA, Leading Ace Capital, Pave Ventures, and IBK Industrial Bank participated as investors.
Mobiltech, a three-dimensional spatial information solution developer, was founded in 2017. Its core is precisely reproducing real spaces as three-dimensional virtual spaces, and recently it has emerged as a key technology needed to develop physical AI for controlling self-driving cars and robots.
Investors highly valued that Mobiltech is already providing physical AI and generative model solutions to global leading corporations. In particular, Mobiltech is also said to be a development partner for Autonomous Driving technologies at the global big tech company NVIDIA.
Mobiltech plans to use the pre-IPO funding to advance its physical AI models, expand AI infrastructure for large-scale data processing, and accelerate entry into North America and global markets. It also set a goal to pursue a KOSDAQ listing this year.
Lee Jong-hyun, a managing director at Stonebridge Ventures, said, "Mobiltech is a corporations that converts all information in the real world into precise data to build an optimal environment where physical AI can learn and move," adding, "It has already proven its technological prowess."