# Pion

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pion-2

- Industry: Software
- Headquarters: Seoul, South Korea
- Website: www.pioncorp.com
- Total disclosed funding: $8M
- Latest round: Series A (Apr 4, 2023)
- Investors on record: 6

## About

Based in South Korea, and founded in 2019 by its CEO Chanseok Jeon, Pion Corp. operates as a provider of video automation software that utilizes artificial intelligence to create marketing content for its users. In April 2023, Pion Corp. raised KRW 10.5 billion in series A funding led by new investor Premier Partners, with participation from other new investors KB Investment, KT Investment, Smilegate Investment, and Korea Technology Finance Corporation. Other unspecified investors also participated in the round.

Pion Corp. operates VCAT.AI, a SaaS-based video creative automation tool that provides smart banner, which allows for the creation of banner images in batches. By entering the product URL, VCAT automatically generates marketing materials such as advertisement videos and images. Using artificial intelligence, the tool operates the entire video advertising process, from video editing to marketing execution.

## Funding rounds

- Series A, Apr 4, 2023, $8M — KB Investment, Korea Technology Finance Corporation, Smilegate Investment, Premier Partners, KT Investment
- Seed, Mar 31, 2019 — FuturePlay

## Investors

- FuturePlay (https://capitalatlas.ai/funds/futureplay) — Seed
- KB Investment (https://capitalatlas.ai/funds/kb-investment) — Series A
- Korea Technology Finance Corporation — Series A
- Smilegate Investment (https://capitalatlas.ai/funds/smilegate-investment) — Series A
- Premier Partners (https://capitalatlas.ai/funds/premier-partners) — Series A
- KT Investment (https://capitalatlas.ai/funds/kt-investment) — Series A