# WI.Plat

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/wi-plat

- Industry: Software
- Headquarters: Daejeon, South Korea
- Website: www.wiplat.com/
- Total disclosed funding: $0.6M
- Latest round: Seed (May 31, 2020)
- Investors on record: 2

## About

Based in Daejeon, South Korea, WI.Plat Co., Ltd. specializes in advanced water management solutions, providing innovative tools for efficient water loss management through its flagship product and real-time data analytics.WI.Plat Co., Ltd. offers advanced solutions for managing water resources, focusing on the Intelligent Total Water Loss Management System (NELOW). Founded in 2019 in Daejeon, South Korea, the company has successfully completed 4 deals, with its most recent funding round occurring on May 11, 2022. WI.Plat raised KRW 1.5 billion from Korea Development Bank, achieving a total of KRW 1.5 billion in funding. The company has not undergone any significant pivots or changes in business strategy since its inception.WI.Plat Co., Ltd. specializes in advanced water management solutions, primarily through its flagship offering, the Intelligent Total Water Loss Management System (NELOW). This innovative system employs artificial intelligence and real-time data analytics to detect water leaks, enabling municipalities and businesses to manage water loss effectively. The technology is designed to improve operational efficiency and sustainability by providing insights that lead to timely repairs and reductions in water waste. Targeted primarily towards municipal and corporate clients, WI.Plat’s solutions are currently applied in various international markets, including multiple projects across Indonesia and initiatives in Kyrgyzstan, demonstrating the company's commitment to addressing global water management challenges.WI.Plat operates on a business-to-business model, providing its intelligent water management solutions through direct partnerships with municipal governments and private enterprises. In 2022, the company reported a revenue of KRW 335,603.1.In May 2022, WI.Plat secured KRW 1.5 billion in venture funding to enhance its operations and expand its market reach. The company plans to develop new features for the NELOW system and explore opportunities in new markets, specifically targeting Southeast Asia and Central Asia by 2025. The recent funding will facilitate these initiatives, allowing WI.Plat to invest in product development and marketing strategies to strengthen its position in these regions.

## Funding rounds

- Seed, May 31, 2020, $0.3M — Mirae Holdings
- Seed, May 26, 2020, $0.3M — D3 Jubilee Partners

## Investors

- D3 Jubilee Partners (https://capitalatlas.ai/funds/d3-jubilee-partners) — Seed
- Mirae Holdings (https://capitalatlas.ai/funds/mirae-holdings) — Seed