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In a significant move, AIMMO, a leading AI data solutions provider, has successfully secured 14.4 billion won in its pre-IPO investment round. Esteemed investors, including NVESTOR, Korea Investment & Securities, DS Asset Management, S&S Investment, and E&invest, have shown their confidence in AIMMO by participating in this round.
AIMMO’s flagship solution, AD-DaaS, specializes in providing optimized data sets tailored for autonomous driving. The solution showcases AIMMO’s prowess in enhancing the performance of AI algorithms. By analyzing the Operational Design Domain (ODD), it curates data at the ideal configuration ratio, defining precise scenarios. Additionally, its provision of expert annotation data translates into significant time and cost savings for clients, facilitating streamlined development of their AI models.
This robust offering from AIMMO has garnered the trust of global giants in the OEM sector and Tier 1 suppliers. The list includes industry stalwarts like BOSCH, Continental, Magna International, and Tata Motors.
CEO Oh Seung-taek voiced his vision for AIMMO, noting its growing recognition on both domestic and international fronts. “We’ve inked supply contracts across Europe, North America, and Japan, actively driving various projects in these regions,” he remarked. Emphasizing the company’s ambition, he added, “This pre-IPO investment will catalyze our expansion, propelling us to deliver even more advanced full-cycle data services.”
With the funds in tow, AIMMO is set to refine its AD-DaaS technology, pioneer edge devices tailored for data collection, and finalize full-cycle AI data solutions. Furthermore, it aims to enhance its global footprint by establishing operations in strategic locations like the United States and Germany. Apart from its stronghold in autonomous driving, AIMMO is broadening its horizons by exploring collaborations in the smart city construction sector.