# INAVI Systems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/inavi-systems

- Industry: Software
- Headquarters: Seongnam, South Korea
- Website: www.inavisys.com
- Total disclosed funding: $5.8M
- Latest round: Series A (Jan 28, 2022)
- Investors on record: 4

## About

Based in Seongnam, South Korea, and founded in 2020, INAVI Systems Corp, d.b.a. Ainabi Systems is a mobility platform development company that develops the ADAS (advanced driver assistant system map), a high-precision map that collects road information through sensors such as lidar and cameras and information accumulated from SD maps used in existing vehicle navigation and can be applied to level 4 autonomous vehicles. In February 2022, INAVI Systems Corp raised KRW 7 billion in a Series A funding from 42dot Inc., Arges Private Equity, and ORBIT PARTNERS. The series A funding values INAVI Systems Corp at KRW 50 billion following the transaction. As of February 2022, Sung Sung-young is the CEO of INAVI Systems Corp.

The product line of INAVI Systems Corp includes INAVI Maps Platform, which connects mobile navigation to communication car navigation. The company also provides ainabier, a mobile application with 3D, aerial maps, and augmented reality (AR) for android as well as iOS users. In addition, the company’s product offers communications-based connected navigation, including voice recognition function control, real-time map updates, an organic combination of vehicle interface.

The company plans to use its proceeds from a Series A funding to build a high-precision advanced driver assistance system (ADAS) map for autonomous driving as well as expand its new mobility business.

## Funding rounds

- Series A, Jan 28, 2022, $5.8M — Shinhan Capital, Arges Private Equity, 42dot Inc., Orbit Partners

## Investors

- Shinhan Capital (https://capitalatlas.ai/funds/shinhan-capital) — Series A
- Arges Private Equity (https://capitalatlas.ai/funds/arges-private-equity) — Series A
- 42dot Inc. — Series A
- Orbit Partners (https://capitalatlas.ai/funds/orbit-partners) — Series A