# INNOTECH Co.

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

- Industry: Industrial Machinery
- Headquarters: Asan-si, South Korea
- Website: www.innotech2013.com/
- Total disclosed funding: $4.7M
- Latest round: Series B (Sep 14, 2021)
- Investors on record: 3

## About

Based in South Korea, INNOTECH Co.,Ltd is a technology-driven company specializing in the development and manufacturing of precision equipment for diverse industries, focusing on reliability and advanced technological solutions. Founded in 2013 in Asan, South Korea, INNOTECH Co.,Ltd develops high-precision equipment for various industries, including automotive and electronics. The company operates independently and has made no known pivots in its business strategy. Details about the founder's prior ventures are not available. INNOTECH Co.,Ltd specializes in the development and manufacturing of high-precision equipment tailored for various industries, emphasizing reliability and advanced technology. Their core products include environmental testing equipment, display inspection systems, and semiconductor testing tools, designed to meet stringent requirements in sectors such as automotive, electronics, and battery manufacturing. The company serves a diverse client base, including major corporations in South Korea and international markets, focusing on enhancing product quality and performance through their innovative solutions. INNOTECH Co.,Ltd's revenue model is centered around direct sales to business clients, including partnerships with major manufacturers in the electronics and automotive sectors. The company engages in B2B transactions where bulk orders of flagship products, such as reliability testing equipment and inspection systems, are based on specific client needs. Pricing structures are negotiated based on order volume, with potential for tailored service agreements. This strategy fosters a stable revenue stream driven by ongoing demand for high-quality testing solutions across various industries. INNOTECH Co.,Ltd plans to release new products that cater to an evolving market, with designs currently in development for advanced semiconductor testing tools anticipated to launch in late 2024. The company aims to expand into North American and European markets by 2025, leveraging recent funding to support these initiatives. The funding will be utilized to enhance R&D capabilities and facilitate market entry strategies.

## Funding rounds

- Series B, Sep 14, 2021, $4.7M — SBI Investment Korea, KB Securities, Korea Credit Guarantee Fund
- Series A, date not disclosed — SBI Investment Korea

## Investors

- SBI Investment Korea (https://capitalatlas.ai/funds/sbi-investment-korea) — Series A, Series B
- KB Securities (https://capitalatlas.ai/funds/kb-securities) — Series B
- Korea Credit Guarantee Fund — Series B