Kitronycs Raises KRW 1 Billion in Funding for Film Pressure Distribution Measurement Solutions
Reading Time: 2 minutesKitronycs, a specialized company in film pressure distribution measurement solutions, has successfully secured KRW 1 billion in pre-Series A funding from IBK Capital–ID Ventures, BigBang Angels, and Korea Omega Investment.
By developing and localizing controllers, software, and electronic pressure sensors, Kitronycs has demonstrated its technological prowess in the field, previously reliant on foreign products. With 25 domestic and international intellectual property rights, it has gained recognition as an expert in pressure distribution measurement solutions.
Their industrial quality inspection product, “PressureScan,” which utilizes electronic pressure sensor technology, has garnered acclaim as an ideal solution for smart factories. By digitizing pressure information applied to manufacturing process equipment or products, it enables efficient data analysis. Leading domestic companies such as Samsung, LG, and Hyundai are among the many manufacturers utilizing this technology.
With the recent investment, Kitronycs aims to actively recruit professionals in various areas like development, planning, and marketing. They plan to restructure their organization and undertake large-scale projects currently underway with their clients.
Hur Chang-min, the head of ID Ventures, who spearheaded the investment, expressed his confidence in Kytronics’ potential to lead the global electronic pressure sensor market and rapidly grow in terms of business performance and market competitiveness. He pledged continuous support and partnership to facilitate Kytronics’ progress.
Jang Wook, the CEO of Kitronycs, stated that they would expedite the development of electronic pressure sensor solutions optimized for diverse industrial sectors, starting with this investment. He also mentioned plans to expand into other industries alongside global expansion, as they are already receiving requests from companies in various sectors both domestically and internationally.
- [Korean Startup Weekly News #18] South Korea Reports 6% and 42% Growth in Venture Investments and Funds Early in 2024
- South Korea and ASEAN Host 8th Startup Policy Dialogue in Jakarta, Indonesia
- ‘LIVE X’ Secures 6 Billion KRW Series A Funding to Drive Innovation in Beauty Tech
- [Korean Startup Interview] EARTHFORM : Eco-Friendly Packaging and Buffering Material Production Using Mushroom Mycelium and Agricultural Byproducts
- RAPEECH Secures 6 Billion KRW Investment to Lead Conversational AI Market and Launch New Services
- South Korea’s Startup Landscape Gets a Boost with FSC’s KRW 15.4 Trillion Investment
- Phytoresearch Secures Seed Investment for Advanced Seedling Foundry
- The Invention Lab Completed pre-Series A investment for FutureGate and dSPECTER
- Gyeonggi Province and GCA Launches KRW 60 Billoin Fund to Boost Local Content
- December & Company Boosts Fint AI Robo-Advisor with Significant New Investment