ITEYES Corporation

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ITEYES Corporation - overview

Established

2012

Location

Seoul, -, South Korea

Primary Industry

Business Support Services

About

Based in South Korea, ITEYES Corporation operates as a provider of advanced technological solutions that enhance user interaction and improve operational efficiency for businesses across various sectors. ITEYES Corporation was founded in 2012 and is headquartered in Seoul, South Korea. The company specializes in software solutions that facilitate real-time data analysis and communication. In February 2026, ITEYES Corporation raised KRW 4.


1 billion in PIPE funding from KB Securities, Korea Investment & Securities, and Eugene Investment & Securities. ITEYES specializes in advanced technological solutions designed to enhance user interaction and streamline operational efficiency. The company’s primary offerings include a comprehensive suite of software applications that facilitate real-time data analysis and communication for businesses across multiple sectors. These products solve key challenges in data management and customer engagement by providing intuitive user interfaces and robust support for integration with existing systems.


The key clientele for ITEYES spans various industries, including retail, healthcare, and finance, indicating a diverse end-user base that benefits from improved decision-making capabilities. The company distributes its products primarily in North America, Europe, and parts of Asia, ensuring a broad market presence that caters to both small enterprises and large corporations. ITEYES generates revenue through a structured model that includes both direct sales and subscription services for its software solutions. In the most recent year of 2024, the company reported a revenue of KRW 58,384,691.


6 and an EBITDA of KRW 6,520,047. 5. Business transactions typically involve clients purchasing licenses for specific software applications, as well as opting for subscription plans that provide ongoing updates and support. The company offers tiered pricing structures that cater to different business sizes and needs, allowing for flexibility in how clients access its services.


Partnerships with resellers and system integrators also play a vital role in expanding the company's reach, establishing a multifaceted approach to revenue generation. The company plans to allocate the February 2026 funds into its new AI-based platforms. The company is targeting expansion into new markets, particularly in Southeast Asia and Europe, by the end of 2025. The funds raised will be utilized to bolster research and development efforts, ensuring that ITEYES remains competitive in evolving technological landscapes.


Additionally, the company aims to enhance its product offerings to capture a larger share of the market in various sectors, solidifying its position as a key player in the software solutions industry.


Current Investors

Korea Investment & Securities, Korea Securities Finance Corporation, NH Investment & Securities

Primary Industry

Business Support Services

Sub Industries

Consulting Services, Financial Services, Accounting/Finance Software

Website

www.iteyes.co.kr

Verticals

Artificial Intelligence, FinTech, HealthTech

Company Stage

Mature

Total Amount Raised

Subscriber access only

ITEYES Corporation - financials

Fiscal Year EndedDec 31, 2019Dec 31, 2020Dec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024
Revenue (USD)34,866,600,59351,327,269,91466,921,953,542---
% Revenue Growth (YoY)-47.2%30.4%---
EBITDA (USD)608,642,3723,305,270,627(1,947,417,152)---
Operating Income (USD)542,142,7263,053,248,586(2,523,341,783)---
Operating Margin1.6%5.9%(3.8%)---
% EBITDA Margin1.7%6.4%(2.9%)---
NET Income (USD)815,931,4803,160,540,990(2,609,707,370)---
% Net Margin2.3%6.2%(3.9%)---

ITEYES Corporation - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
PIPECompletedITEYES Corporation-
PIPECompletedITEYES Corporation-

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