# Nucode Co.

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

- Industry: Semiconductors
- Headquarters: Seoul, South Korea
- Website: www.nucode.co.kr/
- Latest round: Seed (Oct 21, 2024)
- Investors on record: 1

## About

Based in South Korea, Nucode Co., Ltd. is a manufacturer of low-energy wireless communication modules, enhancing connectivity for various smart devices through innovative Bluetooth and Wi-Fi technologies.Founded in 2024, Nucode Co., Ltd. is headquartered in Seoul, South Korea. The company focuses on developing low-energy wireless communication solutions. Its founder, Kwan-hyeong Lee, has a history of innovation in the tech sector. Nucode has participated in two funding deals, with the most recent occurring in December 2024.NUCODE specializes in the development and provision of low-energy wireless communication modules, including their flagship products within the NU Series. These modules are designed for ease of integration into various smart devices, significantly enhancing connectivity via Bluetooth and Wi-Fi technologies. The company targets a diverse client base, including industries focused on IoT solutions, healthcare devices, and smart home technologies. By offering an open code and comprehensive SDK support, NUCODE enables developers to quickly configure systems that meet specific operational needs, catering to end-users such as seniors, healthcare professionals, and tech developers. Geographically, NUCODE products are marketed and sold in South Korea and in international markets, including the United States.NUCODE generates revenue through direct sales of its wireless communication modules and associated development kits to businesses within the IoT and technology sectors. The company’s transactional model primarily involves B2B relationships, supplying its products to manufacturers and developers who incorporate NUCODE’s technology into their own devices. Transactions are structured around one-time sales of hardware products and possible ongoing revenue from technical support and consulting services related to system integration and product development. Specific pricing plans for the modules and development kits cater to various customer needs, ensuring competitive positioning within the market while enhancing opportunities for revenue generation through technical expertise and consulting services.In December 2024, NUCODE raised Seed funding from new investor Korea Tech Incubator for Startup, being selected for the Accelerator Investment-Driven Tech Incubator Program. Financial terms of the deal were not disclosed. The company will use the funding to further strengthen its presence in IoT hardware and low-power MCU modules, accelerate global market entry, and simplify development for small IoT appliances and industrial communication products.

## Funding rounds

- Seed, Oct 21, 2024 — Korea Investment Accelerator

## Investors

- Korea Investment Accelerator (https://capitalatlas.ai/funds/korea-investment-accelerator) — Seed