Neton raises additional 1.2B KRW from Hexagon

31 Mar 2022
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[Seoul=Newspim] Reporter Jihyun Baek = Neton announced on Jan 28th that they raised additional 1.2B KRW from Hexagon Investment Consulting

CEO Hongchul Myeong(Right), CEO Jaewook Kim(Left) [Picture by Neton] 2022.01.28

Hexagon invested another 1.2B KRW in Neton after its previous 250M KRW investment with H Angel Fund VII in September 2021.

Jaewook Kim commented: “we invested in Neton with promising vision on AI industry last September, and we promptly decided to invest further based on its upcoming global expansion and company vision”.

Hexagon is investing in Neton’s ‘Medusa_F’, which automatically put mosaic for protecting private information and it can be unlocked by encryptic face matching technology. The company explained that it can protect private information and develop AI integrated management platform that can be applied to every aspect of monitoring system, pinpointing error, and unmanned system.

Neton is planning to go IPO in 2023.


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