Crowdfunding platform 'Crowdy (CEO Kim Ki-seok)' announced on the 6th that convergence security solution startup 'GST (CEO Baek Jeong-hyeon)' successfully raised 250 million won from 74 investors through two rounds of securities crowdfunding.
GST is an IT security solutions company recognized for its technological prowess and has been certified as a venture company, supplying access control systems to national security facilities and public institutions requiring high security levels, such as military bases and power plants.
The core product, 'Passbot', is an automated access control system that incorporates biometric recognition technologies such as face, vein, and iris recognition. It is a security solution that goes beyond simple identity verification and automates access authorization/denial, movement tracking, and risk detection functions.
GST has already entered the elementary, middle, and high school sectors by winning a contract for access control projects for 17 schools under the Gwangju Office of Education in 2024, and plans to diversify its business based on low cost and high efficiency by entering the B2C sector by launching BRAINDOG, which is responsible for safety, security, and care for small business owners.
A Crowdy representative stated, "GST is a solid security tech company that achieved sales of 12.4 billion won in 2023 and has been profitable for the past three consecutive years. This successful funding round appears to have been driven by the positive investor response, driven by the venture capitalist's investment income tax deduction benefits and the high repayment potential based on its profitable financial structure."
Meanwhile, Crowdy is a securities crowdfunding platform that raises funds by publicly issuing securities to the general public, seeking to differentiate itself from existing investment methods focused on institutional investors. More information about GST Funding can be found on the Crowdy website.
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