OBIGO Inc.
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OBIGO Inc. - overview
Established
2003
Location
Seongnam, -, South Korea
Primary Industry
Software
About
Based in South Korea, OBIGO Inc. operates as a provider of advanced mobile software solutions, focusing on rich internet services and tailored software products primarily for the automotive and telecommunications industries. OBIGO Inc. specializes in mobile software solutions, offering innovative applications and services.
Founded in 2003, the company is headquartered in Seongnam, South Korea. David Hwang, the CEO, has a history of leading technology ventures. In July 2021, OBIGO raised KRW 34. 79 billion in a Series B funding round, with major investments from Posco Investment, SBI Investment Korea, and Seoul Private Equity.
This funding brought the total amount raised to KRW 8 billion, with a current company valuation of KRW 71,038. 513 million. OBIGO specializes in providing a suite of rich internet services and software products tailored for the mobile software industry. Their core product offerings include the HTML5-based AGB browser, an innovative app framework, and a cloud-based HTML5 app store designed for automotive applications.
These products enable seamless integration and dynamic updates, catering to a diverse client base that includes major players in the automotive, telecommunications, and consumer electronics sectors. Notably, NTT Docomo utilizes the OBIGO Web browser for its terrestrial broadcasting service on Android smartphones, while BMW has integrated OBIGO technology as the HMI rendering engine in several of its vehicle models, including the 5-Series and X5. OBIGO’s solutions have been deployed across more than 140 countries, demonstrating a broad geographical reach that underscores its significance in the global market. In the most recent fiscal year 2024, OBIGO reported a revenue of KRW 10,580,290.
50 and an EBITDA of KRW -1,394,253. 30. OBIGO plans to leverage its recent funding from the July 2021 IPO to enhance its product offerings, focusing on the development and launch of new applications and services. The company aims to expand into new markets, particularly targeting regions in Asia and Europe by 2025.
The funding will support these initiatives and facilitate the scaling of operations to meet the anticipated growth in demand.
Current Investors
Korea Development Bank, WOORI Venture Partners, Korea Investment Partners
Primary Industry
Software
Sub Industries
Internet, Software
Website
www.obigo.com
Verticals
Artificial Intelligence, Cloud Computing
Company Stage
Mature
Total Amount Raised
Subscriber access only
OBIGO Inc. - timeline of key events
OBIGO Inc. - financials
| Fiscal Year Ended | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 16,482,158,884 | 18,926,090,062 | 12,416,519,429 | - | 6,457,453,852 | 4,411,530,299 | 6,950,709,930 | 10,193,757,921 | 13,028,965,370 | 10,228,572,876 | 12,068,903,647 | 7,658,541,501 | 12,085,147,146 | - | - | - |
| % Revenue Growth (YoY) | - | 14.8% | (34.4%) | - | - | (31.7%) | 57.6% | 46.7% | 27.8% | (21.5%) | 18.0% | (36.5%) | 57.8% | - | - | - |
| EBITDA (USD) | 1,025,012,336 | 1,722,428,265 | (313,274,052) | - | 764,898,603 | (763,288,762) | 530,097,008 | 1,923,300,641 | 1,369,877,794 | (2,934,793,328) | (347,816,705) | (5,356,591,620) | (1,951,630,529) | - | - | - |
| Operating Income (USD) | 412,337,784 | 541,751,676 | (1,409,722,994) | - | 691,290,869 | (884,145,015) | 391,218,239 | 1,021,838,390 | 243,876,707 | (3,508,221,006) | (966,617,633) | (6,071,336,849) | (2,966,476,616) | - | - | - |
| Operating Margin | 2.5% | 2.9% | (11.4%) | - | 10.7% | (20.0%) | 5.6% | 10.0% | 1.9% | (34.3%) | (8.0%) | (79.3%) | (24.5%) | - | - | - |
| % EBITDA Margin | 6.2% | 9.1% | (2.5%) | - | 11.8% | (17.3%) | 7.6% | 18.9% | 10.5% | (28.7%) | (2.9%) | (69.9%) | (16.1%) | - | - | - |
| NET Income (USD) | 556,278,855 | 569,293,489 | (1,429,099,821) | - | 130,017,962 | (7,423,965,425) | 53,521,637 | 344,668,076 | 833,725,380 | (5,332,074,630) | (3,861,463,276) | (5,928,347,276) | (2,605,213,489) | - | - | - |
| % Net Margin | 3.4% | 3.0% | (11.5%) | - | 2.0% | (168.3%) | 0.8% | 3.4% | 6.4% | (52.1%) | (32.0%) | (77.4%) | (21.6%) | - | - | - |
OBIGO Inc. - employee data
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