Seoul Robotics Raises $12M in Bridge Round Investment from Korean Government

ANN ARBOR, Mich. , July 15, 2021 (GLOBE NEWSWIRE) -- Seoul Robotics, a 3D computer vision company that builds intelligent robotic perception systems using AI and machine learning, has been selected as an ‘Innovative Icon’ startup to receive a $12M investment from the Korean government. The Korea Credit Guarantee Fund conducted a rigorous, four-month analysis of more than 200 companies and ultimately selected Seoul Robotics, along with five other companies, based on its proven potential to reach unicorn status.

Innovation Icon is a global scale-up program for Korean startups with high potential for growth. The investment further demonstrates the government’s trust in Seoul Robotics, one of the country's most promising startups. The $12M investment is in addition to previous funding from the Korean government including a $3M grant for autonomous vehicle deployment. The company also secured a $6M seed round in December of 2019.

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