Impactive AI (CEO Doohee Jeong), an AI demand forecasting company, has secured a total of 8.2 billion won in Series A funding. New investors including A Ventures, Hyundai Investment Partners, Lotte Ventures, CJ Investment, and IBK Venture Investment participated in the round.
Among existing investors, the Korea Credit Guarantee Fund (KCGF) made a follow-up investment. Including this round, the total investment reached 10.8 billion won. In addition, additional funding was secured through Deep Tech Tips.
To date, Impactive AI has applied for and registered a total of 61 AI patents and received official recognition for its technological prowess by winning the "Drivery Berlin" marketplace competition held in Berlin, Germany. Recently, Impactive AI has also begun a joint development partnership with Fraunhofer IWU, Europe's largest applied technology research institute, on predictive technology, attracting attention in the global technology market.
This round of investment is notable for its focus on business synergy and strategic partnerships. Lotte Ventures, noticing Impactive AI's successive contract wins with Lotte affiliates, including Lotte Innovate and Lotte Chemical, participated in the investment, valuing the potential for synergy. CJ Investment, seeing the potential for further collaboration based on its previous experience providing AI technology to CJ CheilJedang on two occasions—for raw material price forecasting and new product demand forecasting solutions—led its investment. Hyundai Investment Partners invested after discussing technology integration with group affiliates, including Hyundai Elevator. A Ventures directly secured a technology supply agreement between its portfolio companies and Impactive AI, becoming the lead investor in this round.
Kim Tae-gyu, Vice President of Aventures, said, “Since the essence of a company is to generate profits, we focused on solutions that could have tangible effects on both the axes of increasing sales and reducing costs.” He added, “It was impressive that the latest technology was implemented so that companies could easily utilize it even if they could not secure advanced AI development personnel by integrating complex AI models. This coincides with the rapid spread of AI technology across industries, and we decided to make this investment because we judged that it had the potential for structural market growth.”
“We are establishing ourselves as a company that provides top-tier technology and real value in the field of demand forecasting by selecting and focusing on clear customer needs,” said Jeong Du-hee, CEO of Impactive AI. “We plan to use this investment as an opportunity to further accelerate technological advancement and entry into the global market.”
- See more related articles
You must be logged in to post a comment.