JLT raised 23 billion KRW in Series B funding to enhance its robotic automation solutions and expand its global footprint in multiple industries, including electric vehicles and battery recycling.

Target Information

JLT, a specialist in robotic automation, has successfully secured a Series B investment round worth 23 billion KRW from a consortium of domestic and international investors, including Stonebridge Ventures, Partners Investment, SJ Investment Partners, and Silicon Valley-based Millennium New Horizons. This investment will enable JLT to enhance its existing welding automation solutions and develop next-generation robotic automation solutions that integrate both welding and vision inspection.

With this funding, JLT aims to expand its global customer base across various industries such as electric vehicles, shipbuilding, offshore wind power, and plant construction. Notably, the inclusion of Millennium New Horizons as a new shareholder highlights the significant interest in JLT's core technological capabilities and potential for international market expansion.

Industry Overview in South Korea

South Korea is rapidly advancing in the field of robotic automation, fueled by a rising demand for efficiency and safety in manufacturing processes. The growth of the automotive sector, particularly with the shift towards electric vehicles, has prompted companies to seek i