Video interview with Jang Min-young, CEO of Altoran Ventures, and Kim Jung-hoon, CTO of Prater
Startup accelerator Altoran Ventures announced on the 10th that it completed a seed investment in Prater, a device manufacturing platform, on August 27.
Prater, the company receiving the investment, develops beauty device manufacturing technology combining beauty care and IoT, as well as remote diagnostic technology for pet care. In particular, Prater CTO and Director Kim Jung-hoon, a former Nokia engineer, has exceptional technical expertise, having developed the world’s first smartwatch.
Prater plans to rapidly develop a range of devices to meet customer needs, connect them to its platform, collect data, and provide personalized services.
Going forward, the company also plans to develop its manufacturing platform service to help manufacturing startups avoid trial and error and bring their products to market faster.
Altoran Ventures made the investment based on its strong assessment of the potential of Prater’s technology and business strategy, and is also planning follow-on investment. In addition, it plans to provide unicorn coaching to Prater’s management team to support the company’s growth and investment success.
Earlier, in early July, Prater also successfully raised investment through the crowdfunding platform Funding4u.
Questions about this story?
AI answers only from this article and related ones.
Answered from ten years of our reporting. Check legal and tax questions with a professional.
