# CARVI

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

- Industry: Software
- Headquarters: Seoul, South Korea
- Website: www.carvi.co.kr/
- Total disclosed funding: $6.5M
- Latest round: Series A (Jun 26, 2018)
- Investors on record: 6

## About

Based in South Korea, CARVI Inc is a technology company specializing in Predictive Physical AI solutions, enhancing safety and efficiency in diverse industries through advanced AI-driven platforms.CARVI Inc, founded in 2010 in Seoul, South Korea, develops AI solutions to improve safety and operational efficiency. The company raised KRW 4 billion in Series A funding on June 26, 2018, from G.N.TECH Venture Capital, SBI Investment Korea, and IMM Investment, bringing its total amount raised to KRW 4 billion and its current valuation to KRW 30 billion.CARVI specializes in Predictive Physical AI solutions aimed at enhancing safety and efficiency across various industries. Their core offerings include a comprehensive AI-driven platform that integrates visual recognition, audio analysis, and data from multiple sensors such as IMU and GPS. This suite of tools is designed to predict potential safety incidents, detect defective products, and optimize operational workflows in real-time. The technology enables proactive safety measures by alerting personnel to risks such as unauthorized access, worker non-compliance with safety equipment, and potential hazards like fire or smoke. CARVI's clientele primarily consists of manufacturing sectors, including food production, textiles, and smart agriculture, with applications being utilized in markets including South Korea, Japan, and parts of North America.CARVI generates revenue through a business-to-business (B2B) model, where clients subscribe to their AI safety management platform and associated services. The pricing structure is tailored to the specific needs of the client, encompassing various plans for software access, system integration, and ongoing support. Transactions typically involve long-term contracts that include both upfront implementation fees and recurring subscription payments based on the features utilized. By offering customized solutions such as their flagship AI vision and audio analysis tools, CARVI ensures that clients receive effective and scalable safety management systems, thereby solidifying a steady revenue stream from diverse sectors looking to enhance their operational safety protocols.In June 2018, CARVI Inc raised KRW 4 billion in Series A funding, which will be utilized to develop new predictive safety technologies and expand its market presence in Asia and North America. The company aims to launch new AI-driven products by the end of 2023, focusing on industries that require advanced safety management solutions.

## Funding rounds

- Series A, Jun 26, 2018, $3.6M — SBI Investment Korea, G.N.TECH Venture Capital, IMM Investment
- Seed, Feb 12, 2016, $2.9M — Samsung Venture Investment, KT Corporation, Posco Investment

## Investors

- Samsung Venture Investment (https://capitalatlas.ai/funds/samsung-venture-investment) — Seed
- KT Corporation — Seed
- Posco Investment (https://capitalatlas.ai/funds/posco-investment) — Seed
- SBI Investment Korea (https://capitalatlas.ai/funds/sbi-investment-korea) — Series A
- G.N.TECH Venture Capital (https://capitalatlas.ai/funds/g-n-tech-venture-capital) — Series A
- IMM Investment (https://capitalatlas.ai/funds/imm-investment) — Series A