INTERX Secures Series A Bridge Funding from LS Electric for AI Solutions
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INTERX, a Korean company specializing in global manufacturing artificial intelligence (AI) and solutions for autonomous factory operations, has secured Series A bridge funding from LS Electric. The investment amount remains confidential.
As a startup providing solutions for the construction of manufacturing AI systems and autonomous factories, INTERX has managed to attract additional investment, approximately 10 months after its initial Series A funding round.
This investment from LS Electric is particularly significant. It follows a strategic partnership aimed at jointly commercializing autonomous factory solutions and transforming industrial equipment services into digital platforms.
INTERX’s manufacturing AI technology offers solutions that significantly enhance productivity and efficiency in manufacturing processes. Many businesses have experienced substantial benefits from these AI solutions, including a 10-30% increase in productivity, enhanced customer trust through comprehensive defect detection, and the transformation of process knowledge into valuable assets for optimal production.
Following this investment, INTERX has announced plans to intensify its focus on technology research and development, aiming to expedite its business growth in the global market.
Moreover, this investment marks a crucial milestone in the partnership with LS Electric, with both companies committed to developing and launching innovative manufacturing technologies.
Jung-Yoon Park, CEO of INTERX, commented, “We anticipate that LS Electric’s steadfast support for INTERX’s innovative technology and ongoing growth will significantly bolster our global competitiveness. Through this investment and our partnership, we are committed to collaboratively leading the field of manufacturing AI and autonomous factories with LS Electric.”
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