KB Investment and Kakao Investment to Invest in Robotics Platform
Bigwave Robotics, a Korean startup that has developed Marosol, an AI-powered robotics automation matching service, said on Dec. 6 that it has attracted a 1.5 billion won investment in pre-Series A from Kakao Investment and KB Investment.
Marosol is the only online robotic automation platform in Korea that
efficiently matches supply and demand companies. This investment is an
opportunity for Marosol to concentrate on developing financing programs for
market-proven robotics solutions and developing robot-as-a-service (RaaS)
functions, the key to creating the future used-robot market.
Kakao Investment’s principal lead Jeon Su-an said, “Within a year of its
launch, Marosol has already become an essential platform in the robot
industry. I highly appreciate the team’s capabilities and the excellence
of a business model that not only solves the information asymmetry but also
increases sales and monetization.”
KB’s venture capitalist Song Min-jae said, “Marosol is successfully and
rapidly changing the robot market, pivoting supply companies to be more
consumer-centric. After realizing the high level of satisfaction from
customers, I decided to invest with the confidence that it would grow into
a unicorn company within the robot industry.”
Kim Min-kyo, the CEO of Bigwave Robotics, said, “Marosol is growing as a
service that both suppliers and customers are satisfied with. In addition,
we have closed our first IR round with confidence that Marosol’s business
can dramatically grow. Working with partners that can collaborate in
various ways, such as Kakao and KB, will significantly boost Marosol’s
future growth.”
Meanwhile, according to a report released by the International Federation
of Robotics (IFR) in 2020, the global robot market is expected to grow over the next five years at an average annual rate of 32%, reaching 50 trillion won in 2025.