# InterMinds

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

- Industry: Software
- Headquarters: Seongnam, South Korea
- Website: www.intermindsai.com
- Total disclosed funding: $6.8M
- Latest round: Series B (Jun 1, 2022)
- Investors on record: 5

## About

Based in Seongnam, South Korea, and founded in 2016 by CEO Jong Jin Kim, InterMinds develops image recognition and classification technology used to commercialize AI-powered unmanned stores to simplify the shopping experience for customers by partnering with large domestic retailers and distributors. In June 2022, InterMinds raised KRW 7 billion in a Series B funding from IBK Capital, KT&G Corporation, Samsung Securities, and STIC Ventures.

The company provides a wide range of AI-based technologies, including object and pose detection, people and object tracking, face recognition, and data analytics to track and collect data at all stages of the buying process, allowing personalized communication with users and a seamless customer experience. The technology offered by InterMinds enables AI retail solutions, which includes smart carts, self-checkout kiosks, and unmanned stores to install unmanned vending machines as well as AI smart cabinets like stand-along type showcases, store-type showcases, and showcase stand-alone type in their stores.

InterMinds plans to supply products to shared offices, offices, sports centers, and more in near future.

## Funding rounds

- Series B, Jun 1, 2022, $5.6M — Samsung Securities, KT&G Corporation, IBK Capital, STIC Ventures
- Series A, May 1, 2020, $1.2M — Stonebridge Ventures

## Investors

- Stonebridge Ventures — Series A
- Samsung Securities — Series B
- KT&G Corporation — Series B
- IBK Capital (https://capitalatlas.ai/funds/ibk-capital) — Series B
- STIC Ventures (https://capitalatlas.ai/funds/stic-ventures) — Series B