Motion2AI company news

Motion2AI raises a $12.6M Series-A

Motion2AI closed a $12.6M Series A from venture capitalists in the US and Korea. US investor Mir Ventures led this Series A, and Smilegate Investment, Mirae Asset, IMM, Intervest, Future Play, Shinhan Capital, Nest Company, and Amantani Partners participated.


MOUNTAIN VIEW, Calif., Aug. 17, 2021 -- Motion2AI (CEO: Byungsoo Kim) closed a $12.6M Series A from venture capitalists in the US and Korea. US investor MIR Ventures led this Series A, and Smilegate Investment, Mirae Asset, IMM, Intervest, Future Play, Shinhan Capital, Nest Company, and Amantani Partners participated. 

“We led Motion2AI's Series A because advanced warehouse mobility technology is rapidly expanding to customers large and small in the logistics market. The future of autonomous integrated services based on AI technology is feasible and necessary for the logistics industry, and Motion2AI has a strong advantage in this sector,” said John Braze, managing partner of MIR Ventures, who led the investment.

The material handling equipment industry need

Motion2AI CEO Byungsoo Kim expressed his ambition to more aggressively expand logistics center productivity improvement and safety to the US and Korea through this investment. As the demand for logistics centers increases, the need for mobility control based on AI technology and digital twins is also increasing, and we plan to respond quickly to these demands.

Byungsoo will reside in Silicon Valley to lead the American organization to aggressively expand services in the US market and attract a global workforce.

Looking to the future

In fact, after introducing the Motion2AI solution, FNS in the United States is expanding its application to several sites after the PoC as it is possible to measure more sophisticated work productivity by using location and work status information. Korean logistics companies such as LX Pantos, GS Shop, and CJ Korea Express also use Motion2AI control technology to improve productivity and work safety in logistics sites.

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