AI technology company Dabeeo secures funding from major defense investors
South Korean AI technology company Dabeeo has recently won a significant investment from the Defense Innovation Technology Investment Consortium No. 1, an 80 billion-won ($60 million) fund dedicated to fostering future defense technology.
Comprised of key players in the defense industry such as the Military Mutual Aid Association, IBK Capital, and LIG Nex1, the fund aims to support innovative companies like Dabeeo in advancing defense technology. With this latest investment, Dabeeo has raised a total of $6 million in its recent Series B bridge round.
Dabeeo’s cutting-edge artificial intelligence-based technology is centered around generating high-resolution images of objects by collecting data from various heights using devices such as satellites, aviation, and drones. This advanced technology not only detects changes over time but also analyzes the produced images to compile data based on them.
Recognized as a Defense Innovation Company by the South Korean Defense Acquisition Program Administration in 2023, Dabeeo’s technology is expected to play a crucial role in the defense industry by aiding in the swift detection of situations and facilitating prompt responses in the battlefield.
In addition to its applications in the defense sector, Dabeeo’s AI-powered technology has already been utilized in projects by South Korean public institutes for strategic management of land and buildings. The company was also involved in the Korean government’s pilot project, 1:1,000 Topographic Map Enhancement, aimed at enhancing mapping capabilities.
Looking ahead, Dabeeo aims to expand its presence in the defense industry and become a leading company in the sector. CEO Park Ju-hum Park expressed the company’s commitment to driving technological innovation for the defense industry’s advancement and contributing to the globalization of K-defense.
With this latest investment and its innovative technology, Dabeeo is poised to make a significant impact on the defense industry and accelerate its growth in the coming years.
