# Goseong Engineering Co.

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

- Industry: Electronics
- Headquarters: Gyeonggi-do, South Korea
- Website: www.gosungeng.co.kr
- Total disclosed funding: $12M
- Latest round: Series A (Aug 2, 2023)
- Investors on record: 3

## About

Based in Gyeonggi-do, South Korea, and founded in 2004, Goseong Engineering Co., Ltd. operates as a robotics company. In October 2023, GOSUNG ENGINEERING raised KRW 15 billion in venture funding from new investor Time Folio Asset Management. The round values GOSUNG ENGINEERING at KRW 60 billion post-money. As of 2023, the company is led by its CEO, Choi Chang-shin.

Goseong Engineering offers flat panel displays, semiconductors, secondary batteries, solar energy, and automobile parts for small and medium-sized organizations. The firm's product line includes AZBIL, which includes a high-precision position measurement sensor (K1G series), an amplifier built-in photoelectric switch (HP7 series), and a digital mass flow controller compatible with hydrogen and helium gas (MQV series); OMRON, which includes a fiber sensor, a photoelectric sensor, a proximity sensor, temperature controllers, and digital panel indicators; PARAENT, which includes a mini power regulator, a SES/TES power regulator, and a SMART power regulator; AUTOBASE, which includes AIB-DIO16, AIB-MT20, AIB-MT22; robot systems, which include vertical articulated robots (Viper 650, Viper 850, Viper 650, Viper 850), a scalar robot (i4H, i4L, eCobra 600, eCobra 800)

## Funding rounds

- Series A, Aug 2, 2023, $12M — Timefolio Asset Management, Samsung Securities, Mirae Asset Securities

## Investors

- Timefolio Asset Management — Series A
- Samsung Securities — Series A
- Mirae Asset Securities (https://capitalatlas.ai/funds/mirae-asset-securities) — Series A