# MultiplEYE

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

- Industry: Software
- Headquarters: Seoul, South Korea
- Website: www.multipleye.co
- Latest round: Seed (Jun 1, 2020)
- Investors on record: 2

## About

MultiplEYE is a pioneering company based in Seoul, South Korea, specializing in aerial robotics, particularly drone technologies for entertainment and research sectors. Their innovative approach is transforming how drones are used across various applications.MultiplEYE was founded in 2020 in Seoul, South Korea, focusing on developing advanced drone technologies. The founding team includes Ho-chang Seok and CEO Jongwoo Lim. The company has completed two deals as of June 2020, with its latest funding round being a Seed round raised from returning investor FuturePlay and new investor Korea Tech Incubator for Startup. The company was selected for the Accelerator Investment-Driven Tech Incubator Program.MultiplEYE specializes in developing innovative aerial robotics solutions, particularly drone technologies aimed at entertainment and research applications. Their flagship product is the IFO, a leading swarm light show drone that combines advanced lighting and flight capabilities for captivating performances. Additionally, the IFO-S serves as a premier aerial robotics swarm research platform, designed for both academic and commercial use, focusing on the exploration of drone swarm technology. These products are marketed primarily in North America, Europe, and parts of Asia, where they cater to diverse end-users including event organizers, researchers, and educational institutions.MultiplEYE generates revenue through direct sales of drones and related technology to businesses and consumers. Their model includes partnerships with event organizers, educational institutions, and research entities that utilize their products for performances or studies. Revenue is derived from direct purchase agreements for their drones, such as the IFO and IFO-S, as well as potential additional services like training and support, reflecting the varied pricing structures that cater to different budgets.MultiplEYE plans to expand its product range with upcoming innovative aerial robotics solutions, targeting new markets by 2023. The funds raised in the Seed round in June 2020 will support these initiatives, assisting in the development of new products and entry into additional geographic regions. The company aims to capitalize on its expertise to enhance its market presence in global markets, particularly focusing on expanding its reach within Asia and the Americas.

## Funding rounds

- Seed, Jun 1, 2020 — FuturePlay, Korea Tech Incubator for Startup

## Investors

- FuturePlay (https://capitalatlas.ai/funds/futureplay) — Seed
- Korea Tech Incubator for Startup — Seed