Busan, Newswire – RoboFriend is a company providing real-time location information services for smart indoor space management. It announced on the 7th that it has secured its first seed investment from the Korea Credit Guarantee Fund (KODIT).
RoboFriend’s Core Technology and Focus
RoboFriend successfully attracted this seed investment. The company 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. This technology particularly optimizes time management within smart factories. Investors recognized its high growth potential in this field.
RTLS Service: UWB-Based Real-Time Positioning
RoboFriend’s RTLS service utilizes an ultra-wideband (UWB)-based real-time positioning system. This enables efficient inventory and resource management, workforce tracking, and vehicle safety management. It also enhances workplace efficiency by providing indoor navigation for workers. The system streamlines workflows between processes and offers real-time hazard alerts. The company aims to expand its applications to smart factories and smart offices. It also targets 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. The company will also strengthen its infrastructure and enhance promotional efforts. It emphasized its commitment to leading the development of innovative services. It also aims to contribute to the competitiveness of South Korea’s IT industry.
Furthermore, RoboFriend highlighted the growing market potential for indoor RTLS systems. Indoor spaces have 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. We want to make 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. He received 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. It specializes 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. The company secured investment from the Korea Credit Guarantee Fund and formed partnerships with major corporations such as POSCO and KT, following a growth trajectory similar to GrowSpace’s shopping mall case study. Learn more about KODIT’s support programs at the Korea Credit Guarantee Fund website.
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