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Hu Robotics secures 25 billion won in Series A funding led by Atinum Investment to advance wearable robotics development.
Amount Raised
₩25 Billion
Round Type
Series A
South KoreaBiotechnologyHealth CareMedical DeviceRoboticsInvestors
Description
Hu Robotics, a soft exosuit specialist, raised 25 billion won in Series A funding led by Atinum Investment. The round included participation from existing investors such as Stonebridge Ventures, Industrial Bank of Korea, AJU IB Investment, and Wonik Investment Partners, as well as new strategic investors from healthcare, retail, and IT sectors including Daewoong, Naver, Lotte, and Mirae Asset Venture Investment. The funding brings the company's cumulative capital to over 33.5 billion won. Hu Robotics will use the capital to accelerate development of its walking-assistance robots, including its flagship H-Medi soft exosuit for medical gait rehabilitation.
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What this usually meansHu Robotics 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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