# AETECH Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/aetech-co

- Industry: Industrial Machinery
- Headquarters: Incheon, South Korea
- Website: www.aetech.co.kr
- Total disclosed funding: $8.8M
- Latest round: Series A (Nov 6, 2023)
- Investors on record: 11

## About

Based in Incheon, South Korea, and founded in 2020, AETECH Co., Ltd. is a provider of AI-powered robots capable of sorting waste and recycling. In November 2022, AETECH Co. Ltd. raised KRW 3.1 billion in venture funding from investors Seoul Technology Investment and GS Ventures, with participation from investors Vision Creator and Sopoong Ventures. As of July 2023, the company's CEO is Park Tae-hyung.

The company's flagship product, Atron, is an advanced deep-learning artificial intelligence system that automates the process of sorting recyclables by hand. By automating the separation of recyclables, the system drastically increases efficiency, processing materials more than twice as fast as manual methods. This leads to the identification and classification of 43 different types of recyclable materials, including PET, PE, PP, PS, Glass, and Cans, among others.

## Funding rounds

- Series A, Nov 6, 2023, $6.6M — Blue Corner, Vision Creator, KB Securities, IBK Capital, Hana Securities, Muirwoods Ventures, Welcome Capital, GS Ventures, LK Technology Investment, Oracle Venture Investment
- Series A, Nov 4, 2022, $2.2M — Blue Corner, Vision Creator, Sopoong Ventures, GS Ventures
- Seed, Mar 8, 2022 — Sopoong Ventures

## Investors

- Sopoong Ventures (https://capitalatlas.ai/funds/sopoong-ventures) — Seed, Series A
- Blue Corner — Series A
- Vision Creator — Series A
- GS Ventures (https://capitalatlas.ai/funds/gs-ventures) — Series A
- KB Securities (https://capitalatlas.ai/funds/kb-securities) — Series A
- IBK Capital (https://capitalatlas.ai/funds/ibk-capital) — Series A
- Hana Securities (https://capitalatlas.ai/funds/hana-securities) — Series A
- Muirwoods Ventures (https://capitalatlas.ai/funds/muirwoods-ventures) — Series A
- Welcome Capital — Series A
- LK Technology Investment (https://capitalatlas.ai/funds/lk-technology-investment) — Series A
- Oracle Venture Investment (https://capitalatlas.ai/funds/oracle-venture-investment) — Series A