A UNIST-based startup company, InterX Co., Ltd. has been selected as the first investment company for the ‘Smart Green New Deal Venture Investment Fund‘ of Ulsan Metropolitan City. InterX Co., Ltd. will be given KRW 1 billion in investment fund.
Started as a UNIST-based student venture, InterX Co., Ltd. has grown into a manufacturing AI and big data analysis company. The company is providing an AI service platform that can help manufacturers monitor and optimize production quality and efficiency based on data analyses.
TheSmart Green New Deal Venture Investment Fund is a size of KRW 23 billion venture fund, created in August 2021 by Ulsan Metropolitan City in collaboration with the Korea Fund of Funds (KFoF), South Gyeongsang Province, and Chairman Junho Lee of Duksan Hi-Metal Co., Ltd., a local company engaged in manufacturing of OLED electronic products. The goal is to invest in wide-ranging areas of Green New Deal projects, as well as innovative local firms.
As the AI in manufacturing market is gradually expanding, InterX Co., Ltd. is attracting attention as the company with the most results in building AI systems in Korea. In addition, the fact that it has service competitiveness that can be provided not only to large companies, but also to small and medium-sized companies and that it can contribute to carbon reduction by streamlining industrial processes has led to high evaluation in investment screening.
Meanwhile,InterX Co., Ltd. was founded by Jung Yoon Park, a former student of the College of Info-Bio Convergence Engineering at UNIST. The company made a generous donation of KRW 10 million in December 2020 for the purpose of educating and training leaders for the future of AI. It has also delivered KRW 20 million to suport the development of UNIST in October 2021.