# INEEJI

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

- Industry: Internet
- Headquarters: Seongnam, South Korea
- Website: www.ineeji.com
- Total disclosed funding: $6.2M
- Latest round: Series A (Jan 8, 2024)
- Investors on record: 4

## About

Based in Seongnam, South Korea, and founded in 2019 by CEO Choi Jae-Sik Kaist, INEEJI Corp., a.k.a. Ineeji provides accurate AI-based prediction service that improves quality in the industrial field and drives the growth of manufacturing industries, power plants industries, chemical industries, and semiconductors. In May 2022, INEEJI Corp. raised KRW 55 billion in pre-Series A funding from Capstone Partners, GS EPS, Industrial Bank of Korea, Spring Camp and We Ventures, and other unspecified investors.

The company’s product line includes Infinite Optimal Series and F-Ineeji. The Infinite Optimal Series comprises a chemical reactor production management system (MES), which is a monitoring AI platform that processes data of the chemical reactor to improve the quality and productivity of the process, TSBT for power plant boiler tubes used for diagnosing leaks in power plant boiler tubes, EAF to calculate and predict electricity required to melt the iron scrap needed to run the furnace, and g-power with eco-friendly goals like g-power with eco-friendly goals. The F-Ineeji is an AI-based product that is used for predicting index, stock price, and raw material price. The firm's client base includes companies operating in manufacturing industries, chemical industries, power plants industries, semiconductors, and more.

INEEJI Corp. plans to use its proceeds from May 2022 funding to hire talents and strengthen the competitiveness of its solutions.

## Funding rounds

- Series A, Jan 8, 2024, $6.2M — Korea Development Bank, Woori Bank, Capstone Partners, KT Investment

## Investors

- Korea Development Bank (https://capitalatlas.ai/funds/korea-development-bank) — Series A
- Woori Bank — Series A
- Capstone Partners (https://capitalatlas.ai/funds/capstone-partners) — Series A
- KT Investment (https://capitalatlas.ai/funds/kt-investment) — Series A