ICT specialist Ucube (CEO Kim Jeong-beom) has successfully secured its first external investment from venture capital (VC) and investment banks, kicking off preparations for its IPO. GB Ventures and IBK Capital jointly participated in this Series A round, which totaled 2 billion won.
Starting with this investment, Ucube plans to complete its Series A round by September and is accelerating efforts to attract additional investment with a post-valuation target of 40 billion won.
Ucube has successfully attracted investment based on its stable performance, including achieving sales of 37.4 billion won last year, with annual growth of more than twofold in the SI and SM business sectors.
Earlier this year, Ucube selected KB Securities as its IPO lead manager and is accelerating its IPO preparations. Through this Series A investment, the company is accelerating its expansion into the public AX business (AI transformation) and quantum cryptography-based defense sectors. The company also announced a vision to more than double its corporate value by strengthening its future growth engines.
CUBE is solidifying its position as a market leader by securing a series of public sector AX projects. In May, it secured a series of large-scale AI projects, including the Ministry of the Interior and Safety's "2025 Intelligent Work Management Platform Construction Project" and the Korea Intelligence Information Society Agency's "Government-wide Large-Scale AI Common Infrastructure Implementation Project." Furthermore, CUBE is supporting the AX transition through its proprietary solutions, "CUBE i AX Agent" and "CUBE i Works." Furthermore, in the defense sector, the company is actively targeting the market with "CUBE i Q-KDS," an integrated security solution leveraging quantum cryptography technology.
“This investment is significant in that it demonstrates that Ucube has secured market trust based on its technological prowess and track record,” said Ucube CEO Kim Jeong-beom. “We will continue to lead the transition to public AX and security innovation, and further demonstrate the company’s growth potential through listing.”
- See more related articles
Ucube Participates in the '2025 Defense Industry Innovation Company Investment Briefing Session'
You must be logged in to post a comment.