Shorooq Partners has made a follow-on investment in Dtonic, a Korean DeepTech company specializing in data infrastructure solutions, to enhance its growth and capitalize on market opportunities in the MENA region.

Target Information

Dtonic is a South Korean DeepTech company that has carved a niche in the data infrastructure software sector, specializing in efficient spatio-temporal big data processing. Since its inception in 2014, Dtonic has developed its proprietary Geo-Hiker technology, which enables innovative applications such as electronic shelf labeling (ESL) supported by advanced big data analytics. This technology not only optimizes data storage but also enhances data delivery processes.

As a spinoff from Hyundai Motor Company, Dtonic has achieved considerable revenue generation affirming its market potential. The company is currently pursuing expansion outside South Korea, targeting markets including the UAE, Saudi Arabia, Vietnam, Malaysia, and Indonesia. This ongoing global expansion emphasizes its ambitious vision to transform inventory management and warehousing on both domestic and international fronts.

Industry Overview in South Korea

South Korea's technology landscape, particularly in the DeepTech sector, has witnessed significant growth over recent years. The government and private sector have increasingly prioritized digital transformati