Hongcheol Myeong(Left) Neton CEO & Jaewook Kim(Right) Hexagon Investment Consulting CEO
[Seoul Economics TV = Reporter Yohan Bae] Vision recognition company Neton announced they raised investment from Hexagon Investment Consulting. Investment amount is unknown.
Neton’s ‘Medsa_F’ automatically put mosaic for protecting private information and it can be unlocked by encryptic face matching technology.
Neton raised 1.2B KRW from Gwangju Economics Innovation Center, Gwangju Science Institute Angel in December last year, and got recognized as promising company by raising additional investment from Hexagon investment.
Hexagon first invested in prop-tech startup ‘Valuemap’ in 2019, then in ‘Ten Eleven’ that developed ‘BUILD IT’ (automated construction design solution based on AI), and this August it was registered as an accelerator by MSS to provide mentoring, guiding, and investment. Hexagon plan to provide advisory on Neton’s IPO & growth strategy by leveraging previous experience in multiple M&A and Pre-IPO investment.
Neton is a AI vision recognition company located in Gwangju with its own AI face recognition solution ‘Medusa_F’, and plan to go IPO in 2023 with M&A advisory of IBK Securities Co.,Ltd.
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Hexagon Ventures Co., Ltd. ｜ List Gangnam B 210, Bong-eunsalo 125, Gangnam-gu, Seoul 06120, Korea