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Bayilis secures 5.5 billion won ($4 million) in Series B funding, aiming for a 2026 IPO with support from BNK Venture Investment and others.

PRIVATEAug 25, 2026about 5 hours ago

Amount Raised

₩5.5 Million

Round Type

Series B

South KoreaInformation TechnologySoftwareAutomotive

Investors

Blue Corner CapitalIbk CapitalThe Ham PartnersSpace Time InvestmentBnk Venture Investment

Description

Bayilis, an embedded system software company, has completed a 5.5 billion won ($4 million) Series B funding round. The round was backed by BNK Venture Investment, SpaceTime Investment, The Ham Partners, IBK Capital, and Blue Corner Capital. The funds will be directed towards automotive control unit software, defense industry projects, and LiDAR-based solutions. NH Investment & Securities is the IPO underwriter for the company's plans to go public next year.

Company Information

Company

Bayilis

Location

South Korea

About

Bayilis is an embedded system software company that focuses on developing software solutions for automotive control units, defense industry applications, and LiDAR technologies. The company aims to expand its operations as it prepares for a stock listing in 2026. With significant revenue growth, Bayilis is positioned to impact the future mobility ecosystem effectively.

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Funding Insights

Based on industry data
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Bayilis raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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