Connecteve successfully closed a 14 billion KRW Series A funding round to advance its AI-driven orthopedic solutions, attracting both existing and new investors.

Target Information

Connecteve, a company specializing in AI-based orthopedic solutions, has recently announced the successful completion of a Series A funding round amounting to 14 billion KRW. This round saw participation from existing investors such as DSC Investment, Stonebridge Ventures, Schmidt, and Reventures, while new investors including BSK Investment, TS Investment, IMM Investment, JB Investment, and Big Move Ventures joined the funding round, bringing the total number of participating venture capital firms to nine.

Connecteve attributes this successful investment to its exceptional technological capabilities and future growth potential, particularly in light of the global economic slowdown and the downturn in the venture investment market. The anticipation surrounding the upcoming launch of AI-powered medical solutions such as CONNEVO KOA, ALI, and Suite is expected to drive innovation in medical practice, offering personalized treatment plans and precise analytical tools for orthopedic surgeons.

Industry Overview in South Korea

The orthopedic medical technology industry in South Korea is experiencing significant growth, spurred by advancements in AI and machine learning applications. The integration of technology into healthcare is reshaping traditional approaches to tr