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The Silicon Review Asia

Seoul-Based Industrial AI Company OnePredict Raises $25M

Seoul-Based Industrial AI Company OnePredict Raises $25M

The Series C will help the company further strengthen its position in the Korean market and strengthen global ambitions

OnePredict, the Industrial AI startup, has raised $25 million (KRW 30 billion) in its Series C round. The The investment came in from LB Investment, Korea Development Bank (KDB), DAOL Investment, Shinhan Bank, KB Securities, LG Energy Solution, GS Power, Stonebridge Capital and Atinum Investment.

The company has now raised $40 million in total funding to date. OnePredict has KRW 4 billion and KRW 15 billion in funding in 2019 and 2020.

"The Series C funding is the result of proving the effectiveness of our solution applied to various industrial sites, and a testament to our customer's trust in our potential. As we have had an edge in various indicators so far, we will do our best to leap into being a global unicorn as an industrial AI company representative," said Ethan Lee, Chief Operating Officer of OnePredict.

OnePredict was founded in 2016, its 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.

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