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Investments

46

Portfolio Exits

3

Funds

6

About Seoul Techno Holdings

Seoul Techno Holdings, established by Seoul National University, aims to commercialize and support technology and startups affiliated with the university.

Seoul Techno Holdings Headquarter Location

Seoul,

South Korea

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Latest Seoul Techno Holdings News

Can AI make decisions that rely heavily on human experience?

Aug 13, 2021

ioCrops, which develops IoT sensors and AI-powered data analytics tools for smart farming, has raised 1.6M in pre-Series A funding led by ISU Venture Capital Co., Ltd., Enlight Ventures, and Seoul Techno Holdings, putting the total to date at $1.9M. Smart farming is a concept in the agricultural industry that uses advanced technology – such as big data and IoT – to track, monitor, analyze, and even automate operations. This allows for more efficient and economical farming by reducing fertilizer and water consumption while also being eco-friendly by reducing soil contamination. Through smart farming, the Netherlands has become one of the world’s biggest vegetable exporters despite being a small, densely populated country. It should then not come as a surprise that South Korea has begun investing heavily into smart farming to overcome aging in its agricultural sector. High-tech greenhouses outfitted with automation systems control various environmental factors without human input. However, growers must make decisions such as determining when to harvest and what values to set for the parameters. This is still in the realm of human intuition and know-how. Replacing human experience ioCrops began by trying to answer the question, “can AI make these decisions that rely heavily on human experience?” In 2020, ioCrops competed in the Autonomous Greenhouse International Challenge (AGIC). After a qualifying round consisting of 21 teams worldwide, five AI teams were chosen to go against a team of growing experts to grow cherry tomatoes remotely over a 6-month span. Teams were judged based on yield, quality, expense, and profit. Cultivation using AI achieved a net profit of up to twice that of human cultivation. ioCrops finished third in this challenge. This year in 2021 AGIC, ioCrops’ team ranked 5th in the first round of the competition, which was an online challenge where 46 teams from 24 countries participated. Just as self-driving cars need data from the road, smart farms require data from the greenhouse. io Crops has developed a new IoT sensor in-house as well as ioLink, a data-gathering program that is compatible with other manufacturer’s IoT sensors. Data gathered through ioLink is processed in ioFarm, a data analytics platform, that uses ioCrops’ AI to turn them into meaningful numbers that help growers make cultivation decisions while also providing real-time environmental monitoring. ioCrops is currently working on software that diagnoses the condition of the greenhouse and offers solutions based on its findings. ioCrops’ ultimate goal is to take it one step further and use gathered data to forecast future environmental conditions and act preemptively. ioCrops’ CEO Jin-hyung Cho says the company plans to use the funding to acquire more human resources and further advance its technology. “Smart farms are equipped with automation systems but their operation is still under the control of human growers,” he states. “ioCrops will innovate the agricultural industry by bringing true autonomous greenhouse through the use of artificial intelligence.” For more information: Thank you Something went wrong with your message. Maybe it was seen as spam, please browse some more articles on our site before trying again. Email this article to a friend We require you to complete all the text fields marked with *. Your Name

Seoul Techno Holdings Investments

46 Investments

Seoul Techno Holdings has made 46 investments. Their latest investment was in BYTE Company as part of their Seed on July 7, 2022.

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Seoul Techno Holdings Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/7/2022

Seed

BYTE Company

Yes

2

6/23/2022

Seed VC - III

JJ&Companies

$1.54M

No

1

6/3/2022

Series A

Rebellions

$50M

No

5

4/12/2022

Seed - II

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$99M

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10

3/14/2022

Seed VC

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$99M

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10

Date

7/7/2022

6/23/2022

6/3/2022

4/12/2022

3/14/2022

Round

Seed

Seed VC - III

Series A

Seed - II

Seed VC

Company

BYTE Company

JJ&Companies

Rebellions

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Amount

$1.54M

$50M

$99M

$99M

New?

Yes

No

No

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Co-Investors

Sources

2

1

5

10

10

Seoul Techno Holdings Portfolio Exits

3 Portfolio Exits

Seoul Techno Holdings has 3 portfolio exits. Their latest portfolio exit was Smoothy on December 14, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

12/14/2021

Acquired

$99M

3

11/18/2020

IPO

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$99M

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10

10/16/2019

Acquired

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$99M

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10

Date

12/14/2021

11/18/2020

10/16/2019

Exit

Acquired

IPO

Acquired

Companies

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Valuation

$99M

$99M

$99M

Acquirer

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Sources

3

10

10

Seoul Techno Holdings Fund History

6 Fund Histories

Seoul Techno Holdings has 6 funds, including 서울대 STH IP 개인투자조합 (STH ITP Private Investment Fund).

Closing Date

Fund

Fund Type

Status

Amount

Sources

7/31/2020

서울대 STH IP 개인투자조합 (STH ITP Private Investment Fund)

$8.38M

1

8/1/2019

서울대 STH 기술사업화 개인투자조합 (STH Technology Commercialization Private Investment Fund)

$99M

0

12/1/2018

서울대 STH 제3호 개인투자조합 (STH No.3 Private Investment Fund)

$99M

10

9/1/2018

서울대 STH 브라이토닉스 개인투자조합 (STH Brightonix Private Investment Fund)

$99M

0

8/1/2018

서울대 STH 제2호 개인투자조합 (STH No.2 Private Investment Fund)

$99M

10

Closing Date

7/31/2020

8/1/2019

12/1/2018

9/1/2018

8/1/2018

Fund

서울대 STH IP 개인투자조합 (STH ITP Private Investment Fund)

서울대 STH 기술사업화 개인투자조합 (STH Technology Commercialization Private Investment Fund)

서울대 STH 제3호 개인투자조합 (STH No.3 Private Investment Fund)

서울대 STH 브라이토닉스 개인투자조합 (STH Brightonix Private Investment Fund)

서울대 STH 제2호 개인투자조합 (STH No.2 Private Investment Fund)

Fund Type

Status

Amount

$8.38M

$99M

$99M

$99M

$99M

Sources

1

0

10

0

10

Seoul Techno Holdings Team

2 Team Members

Seoul Techno Holdings has 2 team members, including current Chief Executive Officer, DongWon Park.

Name

Work History

Title

Status

DongWon Park

Chief Executive Officer

Current

Seung-hwan Mok

President

Current

Name

DongWon Park

Seung-hwan Mok

Work History

Title

Chief Executive Officer

President

Status

Current

Current

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