UND
Latest round
- Series A
Last raised
- Oct 2021
Total raised
- $1.7M
Investors
- 4
About UND
Founded in 2013 and headquartered in Gumi, South Korea, UND focuses on developing robotic automation solutions., Ltd. specializes in advanced robotic automation solutions, focusing primarily on manufacturing robots, service robots, and logistics automation. Their core offerings include robotic automatic tool changers and magnetic grippers, designed to enhance efficiency in various industrial applications such as automotive, electronics, steel, logistics, food technology, construction, and smart farming. These products address specific challenges such as improving production speed, reducing manual labor, and increasing precision in material handling. UD's technology is primarily targeted at businesses in the manufacturing and logistics sectors, serving a clientele that includes major industries across South Korea and potentially extending to international markets as they grow their global presence., Ltd. is driven by direct sales of its robotic solutions, predominantly within a business-to-business framework. Transactions typically occur through contracts with manufacturers and industrial companies seeking automation solutions, where clients may purchase systems outright or enter into service agreements for maintenance and support. The pricing model is based on the complexity and customization of the robotic systems, especially for flagship products like the robotic automatic tool changer and the magnetic gripper. Such structured sales arrangements facilitate reliable revenue streams, allowing for ongoing relationships with clients who require continual support and upgrades.
Who invested in UND
4 investors across 1 round
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Funding rounds
Series A
Oct 26, 2021
Amount
$1.7M
Investors
Questions about UND
Who invested in UND?
UND has 4 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has UND raised?
UND has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did UND last raise money?
UND's most recent round on record is a Series A, in Oct 2021.
What does UND do?
Founded in 2013 and headquartered in Gumi, South Korea, UND focuses on developing robotic automation solutions.
Where is UND headquartered?
UND is headquartered in Gumi, South Korea.
Which VCs invest in companies like UND?
Among active investors with capital left to deploy, Shanghai State-owned Capital Investment Leading Fund, Hui Hua Fund, Yufu Capital and ICBC Capital Management back industrial machinery companies at UND's stage. Their profiles are linked below.
VCs backing industrial machinery startups at Series A
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