IVISIONWORKS Co., Ltd.
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IVISIONWORKS Co., Ltd. - overview
Established
2015
Location
Daejeon, -, South Korea
Primary Industry
Industrial Machinery
About
Based in South Korea, IVISIONWORKS Co. , Ltd. specializes in advanced Machine Vision technologies that integrate deep learning and artificial intelligence for automated visual inspection across various industries, notably electric vehicle battery manufacturing. Founded in 2015, IVISIONWORKS Co.
, Ltd. focuses on delivering cutting-edge Machine Vision solutions. The company has successfully completed 3 deals, with the most recent funding round occurring on June 1, 2023, during which it raised KRW 2,499. 998 mn from investors including Samsung Securities.
The current company valuation stands at KRW 29,411. 735 mn. The CEO, Ki-jae Kil, has been instrumental in steering the company's strategic direction. IVISIONWORKS specializes in advanced Machine Vision technologies that leverage deep learning and artificial intelligence to enhance automated visual inspection and analysis in various industries, particularly in the electric vehicle battery sector.
The company offers a comprehensive suite of services, including hardware installation, data acquisition, pre-processing, analytics, and reporting functionalities, which enable clients to optimize production processes while ensuring quality control. Its diverse clientele spans manufacturers in the automotive and electronics sectors, with products marketed globally, including regions such as North America, Europe, and parts of Asia. In the most recent fiscal year 2024, IVISIONWORKS generated revenue of KRW 25,803,798,154. 40 and reported an EBITDA of KRW 1,750,061,066.
90. The company's revenue model is driven by B2B transactions, primarily through tailored Machine Vision solutions that are supported by ongoing maintenance and project-based contracts. Looking forward, IVISIONWORKS plans to expand its product offerings with new solutions targeting enhanced AI-driven analytics, particularly for the electric vehicle battery sector. The company aims to penetrate new geographic markets, including increased activities in Europe and North America.
The recent funding round of KRW 2,499. 998 mn will support these initiatives and aid in developing additional products. The latest investment deal secured on June 1, 2023, from Novorsec Investment is poised to bolster the company's growth trajectory.
Current Investors
Albatross Investment, T.S. Investment, Samsung Securities
Primary Industry
Industrial Machinery
Sub Industries
Energy Storage & Batteries, Industrial Machinery
Website
www.ivw.co.kr/kor/main/
Verticals
Artificial Intelligence, Artificial Intelligence
Company Stage
Early Stage
Total Amount Raised
Subscriber access only
IVISIONWORKS Co., Ltd. - timeline of key events
IVISIONWORKS Co., Ltd. - financials
| Fiscal Year Ended | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Revenue (USD) | 8,224,575,893 | 12,035,816,594 | 17,979,845,791 | - | - | - |
| % Revenue Growth (YoY) | - | 46.3% | 49.4% | - | - | - |
| EBITDA (USD) | 1,066,014,690 | 2,660,085,834 | 1,998,223,709 | - | - | - |
| Operating Income (USD) | 1,040,326,408 | 2,554,817,834 | 1,861,346,709 | - | - | - |
| Operating Margin | 12.6% | 21.2% | 10.4% | - | - | - |
| % EBITDA Margin | 13.0% | 22.1% | 11.1% | - | - | - |
| NET Income (USD) | 958,665,961 | 703,490,342 | 394,838,763 | - | - | - |
| % Net Margin | 11.7% | 5.8% | 2.2% | - | - | - |
IVISIONWORKS Co., Ltd. - employee data
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