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SIJE Secures Pre-Series A Investment for Digital Transformation of Apparel Supply Chain

2024-04-23 2 min read


SIJE Secures Pre-Series A Investment for Digital Transformation of Apparel Supply Chain

Reading Time: 2 minutes

SIJE, a South Korean company focused on digitally transforming the apparel supply chain, has secured a pre-Series A investment totaling KRW 2 billion. The investment was supported by Odastone Investment and seven individual investors. Founded in May 2021, SIJE has previously received funding from the Korea SMEs and Startups Agency and Kingo Spring and was also chosen for the TIPS program.

SIJE is a digital twin company that enhances the efficiency of the apparel supply chain by consolidating essential ERP, MES, and PLM systems and implementing RTM for real-time monitoring of sewing operations. These advancements have led to reductions in defect rates, cost savings, shorter work hours, and increased accuracy.

The company has developed and currently operates ‘Monolis,’ a SaaS-based sourcing and production management system, and ‘Monolog,’ an IoT device for collecting production data. These solutions have been piloted over the past year in 20 sewing factories across Southeast Asia, including Vietnam and Indonesia, increasing productivity by an average of over 20%.

Monolis differentiates itself from traditional industrial solutions by offering a simple user interface (UI) and enhanced user experience (UX) through its robotic process automation (RPA) module, which automates simple and repetitive tasks. Monolis’s innovation was recognized when it received the prestigious iF Award from Germany in February.

Motivated by rising labor and raw material costs in developing countries, which threaten the sustainability of affordable apparel supply chains, SIJE is committed to utilizing technologies such as big data and the Internet of Things to ensure stable living conditions for humanity for the foreseeable future.

Shin In-jun, CEO of SIJE, commented, “This investment is a testament to the confidence many have in SIJE’s vision for the future. While rapid growth is essential, we are equally committed to building a respected company through transparent and ethical management.”

[Korean FashionTech Startup News]

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