[Pangyo Interview] AIRBILITY Aims to Lead Global Market with Next-Generation Aerial Mobility Solution’ eVTOL AB-0’
AIRBILITY is pioneering the global aerial mobility market with its high-speed electric eVTOL aircraft, the AB-0, designed for emergency logistics, surveillance, and disaster response. The AB-0, which targets commercialization by 2025, features electric propulsion and a hybrid energy system. It can achieve speeds up to 200 km/h with low noise, ideal for urban applications like wildfire monitoring and anti-drone operations. AIRBILITY is preparing for a pre-Series A funding round to develop and commercialize its innovative aerial solutions.
[Pangyo Interview] UniUni Leads in Privacy Protection and Restroom Safety with AI Solution, Building Future-Oriented Safety Network
UniUni is advancing safety in privacy-sensitive areas with its AI-based technology, Savvy for Accessible, designed for accessible restrooms. This innovative solution operates without cameras and uses AI to analyze non-identifiable data to detect emergencies in real-time. It is now implemented in over 500 locations in Korea. With support from significant funding and strategic placement in Pangyo Techno Valley’s Startup Campus, UniUni is set to increase its market presence and continue its development.
[Pangyo AI] Soombit.AI Secures 5 Billion KRW Seed Investment from Altos Ventures
Soombit.AI has secured an approximately $3.6 million seed investment from Altos Ventures to develop its AI-based radiology solution, AIRead-CXR. This tool aims to enhance radiologists’ efficiency and accuracy by providing personalized preliminary interpretations of chest X-rays. With plans to expand its AI services to other imaging modalities, Soombit.AI is positioned to significantly impact the global medical interpretation market, supported by a team with a strong background in AI and healthcare.
[Pangyo Tech] TOBE Signs MOU to Distribute ‘Smart Boarding Terminal’ for Fishing Boats Nationwide: “Promoting Digital Transformation of Boarding Management Systems”
Marine IoT company TOBE Corp. has partnered with the Korea Fishing Association and Shin-A Corp. to launch fingerprint-based Smart Boarding Terminals for fishing boats across Korea, enhancing safety and operational efficiency. The initiative aims to streamline identity verification, departure reporting, and boarding processes, advancing the digital transformation in the fishing tourism sector.
[Pangyo Accelerating] Gyeonggi Center for Creative Economy & Innovation Selects 10 Startups for KT Collaboration, Launches Commercialization
The Gyeonggi Center for Creative Economy & Innovation (GCCEI) has selected ten startups for its 2024 KT Collaboration program, which fosters partnerships between KT and innovative startups. This year’s highly competitive program will support three months of business collaboration to advance commercialization efforts with GCCEI and KT’s backing.
[Pangyo Tech] Team Naver Showcases Smart Cities with Digital Twin Technology at Saudi Arabia’s Cityscape Global
Team Naver, collaborating with Saudi Arabia’s National Housing Company and Korean partners, is showcasing its digital twin platform project at Cityscape Global 2024 in Riyadh. With immersive displays simulating urban planning and flood scenarios, Team Naver emphasizes its role in Saudi Arabia’s smart city initiatives and aims to expand its digital twin technology further into the Middle Eastern market.
[Pangyo Game] NCSOFT Reveals Q3 2024 Financial Results: “Maximizing Creativity and Innovation for Sustainable Growth”
NCSOFT reported Q3 2024 revenue of 401.9 billion KRW, a 9% increase from the previous quarter but a 5% year-over-year drop, with an operating loss of 14.3 billion KRW due to increased marketing expenses. To strengthen its future competitiveness, NCSOFT is launching new studios for major IPs, including Throne & Liberty and LLL, and establishing an AI-focused entity, with global releases of new titles planned through 2025.
Pangyo Techno Valley is a global integrated R&D hub focused on IT, BT, CT, and NT, integrating Research (R), People (P), Information (I), and Trade (T). As Gyeonggi Province’s representative innovation cluster, it was established to secure national new growth drivers such as technological innovation, human resource development, job creation, and enhancing international business competitiveness. As of 2023, 1,666 companies employ 78,751 people, and it has positioned itself as the most innovative hub in South Korea, with sales amounting to 167.7 trillion KRW (125.5 billion USD).
Furthermore, the Techno Valley Innovation Division of the Gyeonggi-do Business & Science Accelerator (GBSA) holds monthly events such as the Pangyo Evening Meet-Up, Pan-Pan Day, and the Pangyo Startup Investment Exchange “In-Best Pangyo” to maximize the value of Pangyo Techno Valley. They also support the Pangyo Overseas Promotion Program, which publicizes information about Pangyo’s companies, products, and services to domestic and foreign investors and the media, thereby facilitating foreign investment.
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