OnePredict, a Seoul, South Korea-based industrial AI-based facility predictive maintenance solution company, raised $25m in Series C funding.
Backers included previous investors Stonebridge Capital and Atinum Investment, as well as LB Investment, Korea Development Bank, DAOL Investment, Shinhan Bank, KB Securities, LG Energy Solution, and GS Power.
The company intends to use the funds to further strengthen its position in the domestic market and for global expansion in North America, the Middle East and Southeast Asia.
Established in 2016, OnePredict is an industrial AI-based software solution startup whose flagship “digital twin” solution, GuardiOne®, provides a high-accuracy diagnosis of the health status of various key industrial facilities and predicts failures in advance through the company’s unique algorithm.
Recently, the company launched their GuardiOne® Motor solution, which comprehensively manages the condition of industrial motors, and plans for global expansion by participating in major international exhibitions including the upcoming ‘2022 IEEE/PES Transmission & Distribution Conference.’
Led by Ethan Lee, Chief Operating Officer, OnePredict has secured top-tier customers in various industries such as high-tech manufacturing industries, energy generation, petrochemicals, and utilities.
The company has previously received KRW 4 billion and KRW 15 billion in funding in 2019 and 2020, respectively.
FinSMEs
25/03/2022