# Alchera

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/alchera

- Industry: Software
- Headquarters: Gyeonggi-do, South Korea
- Website: www.alchera.ai
- Total disclosed funding: $4.8M
- Latest round: Series B (Feb 26, 2019)
- Investors on record: 4

## About

Based in South Korea, Alchera Inc. specializes in Vision AI solutions, offering advanced technologies such as facial recognition, optical character recognition, and anomaly detection to enhance security in various industries.Founded in 2016 in Gyeonggi-do, South Korea, Alchera Inc. provides AI solutions tailored to diverse industry needs. The company went public with an IPO in December 2020, raising KRW 20 billion. Young Hwang serves as the CEO. Alchera has successfully completed 6 deals, with its most recent deal occurring on December 21, 2020. The total amount raised by the company stands at KRW 20 billion.Alchera specializes in Vision AI solutions, focusing on technologies such as facial recognition, optical character recognition (OCR), and anomaly detection. Their core offerings include AI data construction services that leverage domestic and international data centers for extensive data collection and labeling, enhancing security in sectors like finance and providing integrated security systems. Additionally, Alchera addresses environmental issues with solutions for wildfire detection and cultural asset protection, serving clients across public institutions, airports, retail, and telecommunications in regions like Southeast Asia and the Middle East.In 2024, Alchera generated revenue of KRW 12,656,758.4, with an EBITDA of -KRW 6,354,394.2. The company’s revenue derives from B2B partnerships and service agreements, including offerings like the FACE TRUST facial recognition system and AI-based biometric verification, which facilitate identity confirmation across various sectors, including finance, government, and public safety.Alchera plans to expand its product offerings, focusing on upcoming AI solutions designed to enhance security features and operational efficiency. The company aims to enter new geographical markets, particularly targeting regions in Southeast Asia and the Middle East by 2025. Recent funding from their KRW 20 billion IPO will support these initiatives, enabling the launch of new products and facilitating market expansion.

## Funding rounds

- Series B, Feb 26, 2019, $2.7M — Shinhan Capital, Soo Investment Capital
- Series A, Aug 9, 2017, $2.2M — InterVest, InterValue Partners

## Investors

- InterVest (https://capitalatlas.ai/funds/intervest) — Series A
- InterValue Partners (https://capitalatlas.ai/funds/intervalue-partners) — Series A
- Shinhan Capital (https://capitalatlas.ai/funds/shinhan-capital) — Series B
- Soo Investment Capital (https://capitalatlas.ai/funds/soo-investment-capital) — Series B