Busan, Newswire – RoboFriend, a company providing real-time location information services for smart indoor space management, announced on the 7th that it has secured its first seed investment from the Korea Credit Guarantee Fund (KODIT).
RoboFriend, which successfully attracted this seed investment, specializes in core technologies of the Fourth Industrial Revolution, including indoor positioning, autonomous driving, and robotics. Based in Busan, the IT venture company focuses on enhancing the value of time through its innovative technologies. Additionally, RoboFriend actively explores ways to apply IT solutions across various industries to enable more efficient use of time.
The company’s successful investment round was driven by its strong competitiveness in real-time location tracking system (RTLS) technology, particularly in optimizing time management within smart factories. Investors recognized its high growth potential in this field.
RoboFriend’s RTLS service utilizes an ultra-wideband (UWB)-based real-time positioning system, enabling efficient inventory and resource management, workforce tracking, and vehicle safety management. It also enhances workplace efficiency by providing indoor navigation for workers, streamlining workflows between processes, and offering real-time hazard alerts. The company aims to expand its applications to smart factories, smart offices, and other high-precision positioning environments to create more efficient workspaces.
With the support of this investment, RoboFriend plans to further advance its real-time location information services, strengthen its infrastructure, and enhance promotional efforts. The company emphasized its commitment to leading the development of innovative services and contributing to the competitiveness of South Korea’s IT industry.
Furthermore, RoboFriend highlighted the growing market potential for indoor RTLS systems, particularly as indoor spaces become increasingly important due to the impact of COVID-19.
Kim Young-sik, CEO of RoboFriend, stated, “Beyond simply providing indoor location data, our goal is to enhance everyday life by making time more meaningful and efficient, allowing people to enjoy more comfortable and productive experiences.”
Meanwhile, CEO Kim Young-sik was recently recognized for his contributions to ICT development and his active networking efforts, receiving the ‘Venture Activation Merit Award’ from the Venture Business Association. His efforts have significantly contributed to the growth of ICT startups in Busan and the development of the association.
About RoboFriend
Founded in 2019 and headquartered in Busan, RoboFriend is an IT venture company specializing in key technologies of the Fourth Industrial Revolution, including artificial intelligence, IoT, and embedded programming. The company aims to enhance time efficiency by integrating IT solutions into various industries. RoboFriend’s in-house research team consists of highly specialized professionals who collaborate closely with domestic research institutions and corporations. The company also has extensive experience in government-funded projects and technical consulting.
Recently, RoboFriend has gained significant industry recognition, successfully securing investment from the Korea Credit Guarantee Fund and forming partnerships with major corporations such as POSCO and KT.