# TENELEVEN

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

- Industry: Software
- Headquarters: Seoul, South Korea
- Website: www.1011.co.kr
- Latest round: Seed (Jul 1, 2020)
- Investors on record: 2

## About

TENELEVEN Inc. is a ConstructionTech company focusing on the integration of IT and architectural technologies to enhance building processes and efficiency through innovative solutions.Founded in 2014 in Seoul, South Korea, TENELEVEN Inc. specializes in construction technology. The company has completed 3 notable deals, with its most recent deal being a Series A funding round in January 2021 where it raised KRW 2 billion from investors including Hoban Construction Co., Ltd., Hyundai Engineering & Construction, and VAIV Company. TENELEVEN does not have any known subsidiaries or parent companies. The founder's background is not specified.TENELEVEN is a ConstructionTech company that specializes in the integration of IT and architectural technologies to innovate the entire building process. Their main product offerings include advanced artificial intelligence solutions for architectural design, real-time physics engines, and geospatial information systems. These technologies aim to optimize construction processes, making them more efficient, safer, and environmentally friendly. TENELEVEN targets a diverse clientele, including large corporations and government agencies involved in construction and urban planning, with a focus on markets in South Korea and potentially expanding into broader Asia and other international regions. The company has successfully undertaken various national and corporate projects, demonstrating its capability to meet complex client needs through innovative building technology solutions.TENELEVEN generates revenue through a combination of B2B partnerships and project-based contracts, primarily targeting corporate clients and governmental entities. The transactional structure involves executing contracts for specific projects, where clients pay for tailored solutions that address their unique architectural and construction challenges. TENELEVEN's flagship products and services include its proprietary AI design tools and geospatial analytics, which are often bundled into comprehensive project offerings. Pricing structures are typically negotiated on a project basis, ensuring that clients receive customized solutions that fit their budgets and requirements. As a venture established in 2014, TENELEVEN has positioned itself as a key player in the construction technology landscape, continually building its reputation and client base through successful project execution.In January 2021, TENELEVEN Inc. raised KRW 2 billion in Series A funding to support the development of its digital twin urban design business. The funding will be utilized to create synergy in this area, contributing to the company’s ongoing strategy for innovation. TENELEVEN plans to launch new products designed to enhance efficiency in urban design, with specific efforts directed toward expanding into broader Asian markets and potentially other international regions by 2023.

## Funding rounds

- Seed, Jul 1, 2020 — Korea Tech Incubator for Startup, Plan.H Ventures
- Seed, Aug 1, 2019 — Plan.H Ventures

## Investors

- Plan.H Ventures (https://capitalatlas.ai/funds/plan-h-ventures) — Seed
- Korea Tech Incubator for Startup — Seed