IntelliVix, a safe artificial intelligence (AI) company, announced on September 4 that it received preliminary approval for its listing on the KOSDAQ market on September 3. Mirae Asset Securities will serve as the lead underwriter, with the listing targeted for November.
Founded in 2000, IntelliVix specializes in safe AI solutions. The company has developed and supplied the GenAMS AI solution, which detects and responds to risks in industrial and social settings.
IntelliVix's competitive edge lies in its ability to commercialize its proprietary AI technology, generating actual revenue. According to the company, it recorded revenues of 18.3 billion won in 2023, projected to reach 34 billion won in 2024 and 46.6 billion won in 2025. The company has reported operating profits for 13 consecutive years, with 4.9 billion won in profit last year.
The company has a diverse customer base, supplying AI safety solutions to major corporations such as Samsung, POSCO, Hyundai Motor, and LG Group, as well as government and local authorities.
IntelliVix is also expanding its product portfolio. It has introduced the next-generation safety monitoring platform GenAMS, the all-weather AI camera VIXallcam, and the four-legged AI patrol robot ARGOS. Notably, VIXallcam received an innovation award at this year's CES.
Internationally, IntelliVix is ramping up its overseas operations, having established distribution and business partnerships in eight countries. The company is focusing on expanding its global presence in Japan, Southeast Asia, and Australia.
An IntelliVix representative stated, "We aim to use this KOSDAQ listing as a stepping stone to expand our verified safe AI technology and business model into the defense and global markets."
* This article has been translated by AI.
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