Enhance Raises KRW 51.2 Billion in Series C Funding
TECHWORLD ·
✦ AI Summary
Enhance said it has raised KRW 51.2 billion in Series C funding, bringing cumulative investment to KRW 81 billion.
The co-lead investors in the round were Timefolio Asset Management and Stonebridge Ventures.
Enhance said it plans to use the secured funding to upgrade the data, process, and execution infrastructure of its autonomous agent OS, as well as to secure related technologies and talent.
Enhance said it has raised KRW 51.2 billion in Series C funding, bringing its cumulative investment to KRW 81 billion. The round was co-led by Timefolio Asset Management and Stonebridge Ventures.
Existing shareholders and new investors both participated in the investment. Timefolio Asset Management joined as an existing shareholder, while Stonebridge Ventures came on board as a new investor. IMM Investment and STIC Ventures also participated as new investors. L&S Venture Capital, AOA Capital Partners, KT Investment, and Hyundai Technology Investment took part in the follow-on round as existing shareholders.
Customers within the Posco, LG, and Lotte groups are already using Enhance's solution in actual operations. In addition, Posco Technology Investment, LG CNS, and Lotte Ventures joined as new shareholders by participating in this round.
Enhance said it plans to put the investment it secured into upgrading the data, process, and execution infrastructure of its autonomous agent OS.
The company said it plans to enable AI to capture, connect, and accumulate not only data and documents, but also the decision-making standards and work methods of on-the-ground experts. It also said it plans to develop an "industry pack" for manufacturing, finance, distribution, and the public sector that reflects each industry's data structure and work rules, adding that the "industry pack" is intended to be applied to actual operations from the initial stage of adoption.
At the same time, the company said it plans to expand computer use technology across its agent OS. It also said it will strengthen security and governance-related technologies, secure global technical and business talent, expand its organization, and broaden its overseas customer and partner base.
Enhance CEO Lee Seung-hyun said the company's top priority is customer success. He said the company has built shared results and trust at customer sites, and that this trust has led to investment beyond simple business expansion, stressing that this Series C carries special significance.
Enhance CEO Lee Seung-hyun said the core of sovereign AI lies not only in the model, but in the operating system. He emphasized that companies and countries must be able to directly operate and control their own data and the judgment and execution of AI, and said the company has accumulated customer success cases in key tasks across manufacturing, finance, distribution, and the public sector. Based on this, he said its goal is to establish the standard for an AI-native OS chosen by global companies and governments.
Source: TECHWORLD · Lee Gwang-jae
Original: https://www.epnc.co.kr/news/articleView.html?idxno=407049
References
This article was produced with the help of an automated content generation algorithm.
Source: TECHWORLD
View originalThis article was summarized and organized by BizCrush based on the original article from TECHWORLD. For exact quotations and full details, please refer to the original article.