PIASPACE, a South Korea-based AI video analytics startup, has raised KRW 3.5 billion in Series A funding. 

Investors 

Cactus Private Equity solely backed the funding round through its growth capital fund, Cactus Oasis No. 3. 

Cactus Private Equity is a South Korea-based private equity firm founded in 2018 and headquartered in Seoul. The firm focuses on special situations, buyouts, and growth-oriented investments, particularly in lower middle-market companies. 

PIASPACE Use of Funds 

The company will use the funds to further develop its vision-language model (VLM)-based security solutions and expand its AI video analytics platform. 

About PIASPACE

Founded in 2021, PiaSpace specializes in multimodal AI solutions that combine video and text understanding. The company has developed a B2B SaaS platform that detects anomalies such as fires, violence, and intrusions in real time. PIASPACE’s technology is powered by vision-language models (VLMs), enabling AI systems to analyze visual data and make contextual decisions based on textual understanding. With operations in Singapore, Thailand, and Indonesia, the company has partnered with major firms including KT Telecop and LG Uplus. 

Funding Details 

Company: PIASPACE Inc. 

Raised: $2.5M 

Round: Series A 

Funding Date: May 2026 

Lead Investor: Cactus Private Equity 

Additional Investors:  

Company Website: https://www.pia.space/  

Software Category: AI Video Analytics / Vision-Language Model (VLM) SaaS 

Source: https://biz.chosun.com/en/en-finance/2026/05/09/7Q63VUKFF5GU7PS33JMXLKBCVA/