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Incubator/Accelerator
company-x.partners

Investments

17

About COMPANY X

COMPANY X provides incubating, accelerating, and seed investment support for early promising startups. It was founded in 2019 and is based in Seoul, South Korea.

Headquarters Location

Seoul,

South Korea

+82 070-7459-9133

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Latest COMPANY X News

Elon Musk’s Company X Sues California Over Social Media Regulations

Sep 10, 2023

Elon Musk. Photo: Reuters. Elon Musk returned to the eye of the storm after his company X (previously called Twitter) sue the state of California (United States) by a law that requires make public internal policies of social networks in a battle to reduce the harassment, hatredthe disinformation and by eliminate sexual abuse of minors. The American communications company acquired by the South African businessman argued that the rule enacted in September 2022 violates the protection of the first constitutional amendment: he right to free expression of ideasan action that said state considers “harmful or offensive“. Elon Musk sued California for the policies applied to his social network X. Photo: Reuters. In its legal document, company X considered that the real objective of the standard, known as ‘AB 587‘and originated after the assault on the Capitol by supporters of Donald Trump in January 2021, it is “eliminate“first amendment content that may be considered problematic. “The topics on which the law forces people to speak against their will are highly controversial and politically charged,” the document noted. And he continued with his argument: “Social networks are frequently criticized, no matter what they doby individuals on both sides, Democrats and Republicans, by editorial decisions that may put you in these ill-defined categories.” It may interest you: Unexpected participant: Elon Musk assured that he prevented a Ukrainian attack on a Russian fleet in 2022 The requirements of the law Starting next January, technology companies must deliver detailed reports to the Prosecutor’s Office where they make public the measures they take to moderate online debate. This action requires communicating whether surveillance is in charge of the artificial intelligence or how to proceed in the face of offenses or threats. Elon Musk moved his Tesla headquarters from Palo Alto (California) to Texas in 2021. Photo: Reuters. The United States Government warned that companies that do not comply with these requirements may be fined financially. For years, the South African tycoon has maintained a tense pulse with California, a bastion of progressive policies. Precisely because of this, he moved the headquarters of Tesla from Palo Alto a Texas in 2021 and, since then, whenever he can he criticizes the high taxes that is in that state.

COMPANY X Investments

17 Investments

COMPANY X has made 17 investments. Their latest investment was in Over the Hand as part of their Seed VC on October 10, 2023.

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COMPANY X Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/12/2023

Seed VC

Over the Hand

Yes

2

11/25/2021

Seed VC

Orange Football Network

Yes

1

Other Investors

Flymeal

Yes

Other Investors

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0

Other Investors

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0

Date

10/12/2023

11/25/2021

Round

Seed VC

Seed VC

Other Investors

Other Investors

Other Investors

Company

Over the Hand

Orange Football Network

Flymeal

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Amount

New?

Yes

Yes

Yes

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Co-Investors

Sources

2

1

0

0

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