OnePredict, a South Korea-based industrial AI-based facility predictive maintenance solution company, successfully closed $25 million (KRW 30 billion) in Series C funding round, further strengthening its position in the domestic market and gearing towards global expansion.
This Series C investment was made with the participation of existing investors such as Stonebridge Ventures and Atinum Investment, as well as new investors such as LB Investment, KDB Development Bank, KTB Network, Shinhan Bank, KB Securities, LG Energy Solution, and GS Power.
The startup will use the new funding to advance its solutions and establish global partnerships to strengthen competitiveness in global markets in North America, the Middle East, and Southeast Asia.
Company: ONEPREDICT Corp.
Raised: $25.0M
Round: Series C
Funding Month: March 2022
Lead Investors: Stonebridge Ventures, Atinum Investment, as LB Investment, KDB Development Bank, KTB Network, Shinhan Bank, KB Securities, LG Energy Solution, and GS Power
Additional Investors:
Company Website: https://onepredict.ai/
Software Category: AI-based facility predictive maintenance solution
About the Company: Founded in 2016 by Byung-Dong Yoon, a professor of mechanical engineering at Seoul National University, OnePredict is a B2B industrial AI startup to brings innovation on how key industry assets are diagnosed and operated. OnePredict provides an industrial AI-based solution of predictive analytics software for industrial applications. Their 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. Securing top-tier customers in various industries such as high-tech manufacturing industries, energy generation, petrochemicals, and utilities, the company is currently leading the country's industrial AI industry. OnePredict is growing as a global leader in industrial AI by introducing the GuardiOne® solution that provides innovative facility diagnostic insights derived from high-level technology and rich industrial know-how.
Source: https://www.prnewswire.com/news-releases/industrial-ai-startup-onepredict-raises-25-million-series-c-for-global-scale-up-301508931.html