# SOOMVI

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

- Industry: Transportation Services
- Headquarters: Incheon, South Korea
- Website: www.soomvi.com
- Total disclosed funding: $17M
- Latest round: Series C (Apr 28, 2023)
- Investors on record: 17

## About

Based in Incheon, South Korea, and founded in 2015, SOOMVI manufactures various industrial drones for special missions and possesses various related technologies such as air navigation and control technology and AI object recognition and avoidance flight. In 2016, SOOMVI signed an agreement with Incheon Metropolitan City for its Incheon Aviation Leading Company Development project and has been selected as the host company for the future growth engine flagship project by the Ministry of Science, ICT, and Future Planning. Following the self-development of Genesis 2.0 Flight Controller in 2018, SOOMVI developed and supplied industrial drones equipped with Dual FC, Hypervisor operating system, and artificial intelligence software personal air vehicle called Air Taxi. In 2019, the company manufacture unmanned helicopter for education with the Order of Naval Education Command and signed an agreement with Incheon Metropolitan City and the Industry University Research Consortium to Foster the PAV Industry in 2020. In May 2023, SOOMVI raised KRW 5.4 billion in series C funding from new investors Ulmus Investment, SL investment, MW & Company, Holistic Growth Initiative, GTOG Private Equity, and Daesung Startup Investment. Returning investor Kolon Investment also participated in this round.

The company has built and developed a disaster safety integrated management system' through technological development of unmanned multicopters, unmanned aerial vehicles, unmanned helicopters, ground control systems, and mobile integrated control systems called Marine Life Rescue System.

SOOMVI plans to contribute to the development of the first Korean manned and unmanned drone industry and social contribution as a leading company in the drone industry by upgrading its business structure and establishing a global cooperative system.

The company will use the May funding to improve the financial structure and introduce new technologies.

## Funding rounds

- Series C, Apr 28, 2023, $4M — SL Investment, Daesung Private Equity, Kolon Investment, Holistic Growth Initiative, Ulmus Investment, MW & Company, GTOG Private Equity
- Series B, Aug 4, 2021, $9.3M — Industrial Bank of Korea, Kiwoom Securities, Honest Ventures, DA Value Investment, Brave New Investment, Moonchase Asset Management, ST Capital, V1 Investment Advisory, Accurus Group
- Series A, Apr 30, 2019, $3.4M — Kolon Investment, IBK Capital, Honest Ventures

## Investors

- Kolon Investment (https://capitalatlas.ai/funds/kolon-investment) — Series A, Series C
- IBK Capital (https://capitalatlas.ai/funds/ibk-capital) — Series A
- Honest Ventures (https://capitalatlas.ai/funds/honest-ventures) — Series A, Series B
- Industrial Bank of Korea — Series B
- Kiwoom Securities — Series B
- DA Value Investment (https://capitalatlas.ai/funds/da-value-investment) — Series B
- Brave New Investment (https://capitalatlas.ai/funds/brave-new-investment) — Series B
- Moonchase Asset Management — Series B
- ST Capital (https://capitalatlas.ai/funds/st-capital) — Series B
- V1 Investment Advisory — Series B
- Accurus Group — Series B
- SL Investment (https://capitalatlas.ai/funds/sl-investment) — Series C
- Daesung Private Equity (https://capitalatlas.ai/funds/daesung-private-equity) — Series C
- Holistic Growth Initiative (https://capitalatlas.ai/funds/holistic-growth-initiative) — Series C
- Ulmus Investment (https://capitalatlas.ai/funds/ulmus-investment) — Series C
- MW & Company (https://capitalatlas.ai/funds/mw-company) — Series C
- GTOG Private Equity (https://capitalatlas.ai/funds/gtog-private-equity) — Series C