# UND

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

- Industry: Industrial Machinery
- Headquarters: Gumi, South Korea
- Website: www.magbot.kr
- Total disclosed funding: $1.7M
- Latest round: Series A (Oct 26, 2021)
- Investors on record: 4

## About

UND is a South Korean company specializing in advanced robotic automation solutions, primarily focusing on manufacturing, service robots, and logistics automation to enhance operational efficiency across various industries.Founded in 2013 and headquartered in Gumi, South Korea, UND focuses on developing robotic automation solutions. The company raised KRW 2 billion in Series A funding on October 26, 2021, from investors including BA Partners and Go Venture. The funding aims to strengthen their manufacturing capabilities and expand sales networks domestically and internationally.UD Co., 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. The emphasis on customization allows them to adapt their products to meet the unique needs of diverse clients, thereby broadening their market appeal.The revenue structure of UD Co., 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. The company’s focus on tailored solutions positions it to secure long-term contracts and partnerships, thereby strengthening its market position in the robotics field.Following the Series A funding of KRW 2 billion in October 2021, UND plans to invest in new product designs and enhancements, alongside an expansion into new markets. The company aims to increase its presence in international markets, bolstering its sales network by leveraging the recent funding to enhance manufacturing capabilities and development efforts.

## Funding rounds

- Series A, Oct 26, 2021, $1.7M — BA Partners, Korea Credit Guarantee Fund, VNTG CORP, Go Venture

## Investors

- BA Partners (https://capitalatlas.ai/funds/ba-partners) — Series A
- Korea Credit Guarantee Fund — Series A
- VNTG CORP — Series A
- Go Venture — Series A