UlikeKorea raises 5 billion won in Series A funding

UlikeKorea, a company specializing in smart livestock ICT, announced on the 24th that it had raised 5 billion won in Series A funding, with Korea Development Bank as the sole investor.

UlikeKorea was founded in October 2012 by CEO Heejin Kim, who holds a Ph.D. in computer science from Ewha Womans University. The company was established to develop IT-based services to help address livestock diseases such as foot-and-mouth disease.

The company has assembled a team of specialists with master’s and doctoral degrees in AI, big data analytics, and animal biotechnology. It has developed livestock healthcare services tailored to a range of species, including capsules for calves and sheep and a patch-style device for horses. It continues to focus on research and development (R&D) and the creation of new businesses.

LiveCare Services, whose livestock biometric data analytics technology has gained recognition over the past five years and drawn strong interest from investors and the global livestock industry, has completed patent filings worldwide and secured validation of the capsules’ safety and reliability.

“Over the past five years, our livestock biometric data analytics technology has earned recognition at home and abroad, drawing strong interest from investors. With this recent investment from Korea Development Bank, we plan to lead a paradigm shift in livestock healthcare in the global livestock industry and focus on entering new overseas markets in Europe, Latin America, and Asia,” said Heejin Kim, CEO of UlikeKorea.

That is all.

With this funding, UlikeKorea plans to increase the domestic market share of LiveCare, its smart livestock healthcare service, expand aggressively into overseas markets in Europe, Latin America, and Asia, and lead a paradigm shift in livestock healthcare worldwide.

UlikeKorea is currently expanding its B2B business overseas through close collaboration with global companies at home and abroad, including SK Telecom, Japan’s SoftBank, Denmark’s TDC, and Microsoft in the United States.