Nearthlab

About:

AI-powered Automated Industrial Inspection Solution Using Autonomous Drones

Website: http://www.nearthlab.com/

Top Investors: Mirae Asset, SBI Investment, Korea Credit Guarantee Fund, Mirae Asset Capital, FuturePlay

Description:

Nearthlab is a technology-driven start-up founded by MS and PhD graduates in aerospace engineering from KAIST (Korea Advanced Institute of Science and Technology). It provides autonomous drone solutions powered by proprietary deep-learning algorithms for safety inspection in the wind and renewable energy sectors. It has developed AI technology enabling autonomous flight under low-computing power and low-latency environment and has 20+ patents in Korea and overseas. Nearthlab’s products consist of NearthWIND Pro (the autonomous drone for wind turbine inspection detecting cracks and damages by AI), Zoomable (the cloud-based data platform for inspection data management and analysis), and NearthWIND Mobile (the mobile-based autonomous flight control solution). Nearthlab has strong backing from top-tier VCs in Korea, including IMM Ventures, K2, Stonebridge, Company K Partners, Mirae Asset, SBI, STIC Ventures, and others.

Total Funding Amount:

$29.2M

Estimated Revenue Range:

Less than $1M

Headquarters Location:

Seoul, Seoul-t'ukpyolsi, South Korea

Founded Date:

2015-05-15

Contact Email:

contact(AT)nearthlab.com

Founders:

Jayhyuk Choi, YoungSuk Chung

Number of Employees:

51-100

Last Funding Date:

2023-02-10

IPO Status:

Private

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