2021-05-10 17:30:57 Hexagon Investment Consulting CEO Jaewook Kim (Left) & Hoyung Lee (Ten Eleven, CEO)
[Seoul Economics TV=Reporter Hyejin Ji] Hexagon Investment Consulting announced in May 10th that they invested in Ten Eleven, which develop automated construction solution ‘BUILD IT’ based on AI.
This investment originated from ‘2020 Prop-tech Demo Day’ in June last year, held by Hexagon. The event was held for raising LPs for angel fund, and the money was deployed for this investment. Ten Eleven got eligible by winning the event along with Real-estate Ji-in.
Jaewook Kim commented: “since our first investment in prop-tech startup Valuemap in 2019, we also invested in Ten Eleven for their automated construction solution. We will keep on investing in various prop-tech industry such as lease management, tax management.”
Hexagon will support synergy between the prop-tech companies. Hexagon currently proposed AI preliminary design service with collaborating with Valuemap & Ten Eleven.
Ten Eleven’s BUILD IT is a platform to process construction validation test within 30 minutes, which originally takes about 5 days. It suggests optimized floor area ratio, building-to-cover ratio, amount of sunshine, number of households considering issues related to construction regulations in automated design. Ten Eleven had previously raised investment from major construction companies including Hyundai, Hoban.
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