HANCOM InSpace, a company specializing in artificial intelligence (AI) data analysis under HANCOM Group, announced on the 11th that it has successfully completed a pre-IPO (pre-initial public offering) investment totaling 12.5 billion won in just over a month.
Considering that a pre-IPO typically takes several months, completing the transaction in just a month is quite unusual. The company noted that this is a result of high trust in its technological capabilities and growth potential, as well as high expectations for its upcoming listing.
Major institutional investors such as POSCO Technology Investment, Cornerstone Investment Partners, Inlight Ventures, DTN Investment, and 8W Partners have newly participated in this investment. HANCOM InSpace plans to accelerate its KOSDAQ listing process within this year, using its successful technology evaluation in June and this investment as a stepping stone.
HANCOM InSpace stated that it has a competitive edge in providing insights desired by customers by integrating and analyzing different types of data from satellites, drones, and IoT sensors using AI technology. The self-developed AI-based data fusion analysis platform 'InStation' automatically merges various forms of data, including geospatial information, video information, and signal information, and analyzes them through AI models to extract meaningful information and provide alerts.
Choi Myung-jin, CEO of HANCOM InSpace, said, 'HANCOM InSpace is evolving into a data intelligence company that combines independent data infrastructure with AI beyond being an aerospace corporation,' adding, 'This investment attraction is a very significant result that officially recognizes our technological capabilities and growth potential in the market.'