# Innogrid

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

- Industry: Software
- Headquarters: Seoul, South Korea
- Website: www.innogrid.com
- Total disclosed funding: $8.6M
- Latest round: Series B (Dec 6, 2022)
- Investors on record: 6

## About

Based in Seoul, South Korea, and founded in 2006, Innogrid co.,LTD., aka Innogrid, is an IT firm focusing on cloud platforms enabling public institutions and enterprises to deploy IT infrastructure services. In May 2022, Innogrid co.,LTD., led by its CEO Kim Myung-jin, raised KRW 5.1 billion in venture funding from new investors Korea Investment & Securities, Life Asset Management, Open Water Investment, and Wooshin Venture Capital.

Innogrid provides Cloud iT, a full-featured cloud solution designed for managing virtual resources and building cloud infrastructure ecosystems leading to IT modernization and digital transformation.

The company intends to use the funds raised in May 2022 in developing private and public cloud zones and scaling up its cloud management service platform.

## Funding rounds

- Series B, Dec 6, 2022, $4.6M — JB Investment, LS Securities
- Series B, May 9, 2022, $4M — Korea Investment & Securities, Wooshin Venture Capital, Open Water Investment, Life Asset Management

## Investors

- Korea Investment & Securities (https://capitalatlas.ai/funds/korea-investment-securities) — Series B
- Wooshin Venture Capital (https://capitalatlas.ai/funds/wooshin-venture-capital) — Series B
- Open Water Investment (https://capitalatlas.ai/funds/open-water-investment) — Series B
- Life Asset Management (https://capitalatlas.ai/funds/life-asset-management) — Series B
- JB Investment (https://capitalatlas.ai/funds/jb-investment) — Series B
- LS Securities — Series B