POSCO Capital

TestWorks is a social enterprise based in Seoul, Korea, specializing in innovative solutions for AI data processing and software testing. The company focuses on creating tools that enhance business software delivery and testing through automation and artificial intelligence. Their offerings include services for collecting, annotating, and managing training datasets, which are essential for AI training and verification. TestWorks is recognized for its technical excellence and commitment to quality, making it a leader in the data processing sector. Additionally, the company promotes an inclusive employment model by providing opportunities for socially disadvantaged individuals, aligning its business objectives with social responsibility.

H2, Inc. is a South Korea-based company focused on manufacturing vanadium redox flow batteries (VRFB) and advanced energy storage systems. It offers a range of products, including the EnerFLOW 410, a modular storage system, and the EnerFLOW 420, an integrated container-type system, along with the Academic VRFB, which is a single-cell system. H2 specializes in large-scale and long-duration energy storage solutions, utilizing its proprietary technology to meet diverse energy needs. The company aims to address energy challenges by providing flexible and efficient systems that support microgrid power supply, renewable energy integration, and utility applications. H2's unique design and manufacturing capabilities position it well for significant growth in the expanding market for large-scale energy storage solutions.

Perseus Inc. specializes in the development of security software tailored for the automotive industry. Founded in 2016 and headquartered in Seoul, South Korea, with additional offices in San Jose, California, and Munich, Germany, the company focuses on enhancing automobile infrastructure through innovative hypervisor technology. This technology allows multiple applications to operate from a single System on Chip (SoC), significantly reducing the number of SoCs needed in connected cars, which can lead to substantial savings and a simpler, more secure ecosystem. The solutions offered by Perseus include a hypervisor-based security system that minimizes in-car hardware and software complexity, a secure container replicating ARM TrustZone functionality, and a Linux fast boot feature that accelerates boot-up times for embedded devices. The company ensures robust security with a guarantee of performance even in the event of an operating system attack, providing flexible and real-time control over security parameters.

Lillycover Co., Ltd., founded in 2016 and headquartered in Daegu, South Korea, specializes in personalized beauty solutions for skincare. The company has developed a skin diagnosis and treatment device that helps users understand their unique skin types through actual skin data collected from various countries. Its portable skin diagnosis and management device enables users to assess key skin attributes, including pores, wrinkles, sensitivity, and oil-water balance, allowing for effective management of their skincare results.

Petnow Inc. is a pet tech startup based in Seoul, South Korea, founded in 2018. The company specializes in AI-driven biometric identification for pets, focusing on unique features such as nose prints for dogs and facial recognition for cats. Petnow’s platform collects biometric data to help pet owners verify their pets' identities, enhancing the chances of reuniting lost pets with their owners. The company has filed nine patents for its proprietary technology, which boasts an accuracy rate of 98.97%, as published in IEEE Access in March 2021. In late 2022, Petnow launched innovative features, including cat identification and a selfie mode. The company has received recognition and support from major organizations, including Samsung and POSCO, and was awarded Best of Innovation at CES 2022. In 2022, Petnow raised $5 million in a Pre-Series A funding round and was selected for the Google for Startups Accelerator Korea in 2023. Recently, the company entered the U.S. pet identification market and is seeking partnerships with pet service providers, local government agencies, and insurance companies.

Shaperon Inc. is a biotechnology company based in Seoul, South Korea, founded in 2008, that specializes in the research and development of innovative therapeutics targeting chronic inflammatory diseases. The company focuses on creating inflammasome inhibitors and nanobody therapeutics designed to address conditions such as atopic dermatitis, systemic inflammatory response syndrome, and neuroinflammatory diseases. Shaperon offers a variety of drug candidates, including a gel-type formulation for treating atopic dermatitis and other related inflammatory conditions. In addition to its drug development efforts, the company is involved in providing immunotherapeutic products, including single-domain neutralizing antibodies, aimed at enhancing the quality of life for patients suffering from chronic inflammation and related ailments.

Hodoo Labs Co., Ltd., based in Seoul, South Korea, specializes in developing educational games, particularly focusing on English language learning. One of its flagship products, Hodoo English, is a quest-based MMORPG designed to enhance conversational skills in English through immersive gameplay. The game features over 300 non-player characters, allowing players to engage in meaningful conversations and complete quests, thereby addressing the issue of "mute English," where students may struggle with speaking despite having reading and writing skills. By incorporating advanced technologies such as speech recognition and machine learning, Hodoo Labs aims to create an engaging learning environment for elementary school children, fostering their development into lifelong learners.

Neofect is a South Korea-based company founded in 2010 by Hoyoung Ban, Scott Kim, and Young Choi, specializing in the development of rehabilitation training products and services for patients with neurological and musculoskeletal injuries. Its flagship product, the RAPAEL Smart Glove, launched in 2014, received FDA clearance and has been adopted by various hospitals and rehabilitation centers, including NewYork-Presbyterian and the Department of Veterans Affairs. In addition to the Smart Glove, Neofect offers several other innovative devices, such as the RAPAEL Smart Board, RAPAEL Smart Pegboard, RAPAEL Smart Kids, and RAPAEL Cognition, which utilize virtual reality and smart technology to enhance rehabilitation outcomes. Neofect has also participated in research studies demonstrating the effectiveness of its VR-based rehabilitation solutions compared to traditional therapy. The company operates in South Korea, the U.S., and Germany, distributing its products across these regions and throughout Europe.