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Meissa Secures $7.1 Million Investment to Drive Digital Twin Innovation, Accelerates IPO Plans for 2026 - KoreaTechDesk | Korean Startup and Technology News

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Meissa Secures $7.1 Million Investment to Drive Digital Twin Innovation, Accelerates IPO Plans for 2026

by Daehyun Song
November 26, 2024
in AI & Big Data, Startup
0
Meissa

Meissa, a leading digital twin-based spatial information platform company from South Korea, has successfully raised over KRW 10 billion (7.1 million USD) in new investments. Backed by existing investors such as Korea Aerospace Industries (KAI), Aventures, Yoon Investment, and KDB Industrial Bank, the Korean startup has also attracted new strategic investors. This new funding reflects strong confidence in Meissa’s cutting-edge technology and global growth potential.

Meissa is accelerating its IPO preparations, with its Series C investment round and the selection of Kiwoom Securities as the lead manager. The company aims to apply for a preliminary listing review by the end of next year and plans to establish itself as a technology leader in the global market by listing on KOSDAQ in 2026.

Choi Seok-won, CEO of Meissa, stated, “This investment will help us to accelerate technology development and market expansion. The IPO is an important step toward becoming a global, comprehensive spatial information platform company.”

In August, Meissa pursued business growth through a merger with its subsidiary Meissa Planet, a satellite image analysis company founded with strategic investment from KAI. KAI has invested approximately KRW 8 billion (5 million USD) to date. The merger is expected to create significant synergies by combining KAI’s satellite hardware expertise with Meissa’s advanced analysis software capabilities.

With this merger, Meissa plans to expand its services beyond construction into sectors such as national defense, disaster response, urban planning, and agriculture.

Founded at Seoul National University in 2017, Meissa has revolutionized work efficiency in construction sites through drone-based 3D mapping technology, supporting digital surveying, construction error analysis, and progress rate comparisons. It has secured major domestic construction clients, including Hyundai Engineering & Construction, Daewoo Engineering & Construction, GS Engineering & Construction, and DL E&C, positioning itself as a standout in the industry.

Having secured a total investment of approximately KRW 25 billion (17 million USD) to date, Meissa is now focused on strengthening its leadership in the spatial information market and advancing as a global comprehensive platform company.

Keep tab on latest news in the Korean startup ecosystem & follow us on  LinkedIN, Facebook, and Twitter for more exciting updates and insights.

Tags: digital twin platformdrone-based mappingIPO 2026KAIMeissaSeries C InvestmentSouth Korea startupsspatial information platform
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