Platform SW Company 'ITRO' Acquires 30% Stake
Daewoo E&C is making a full-scale entry into the 'smart home platform' business by investing in a platform software development startup.
A smart home platform refers to a platform that creates an 'intelligent living space' by automatically controlling various home appliances connected through the Internet of Things (IoT) using big data collected autonomously by apartments, and linking them with voice recognition-based artificial intelligence (AI) speakers.
On the 23rd, Daewoo E&C announced, "As part of expanding the new business value chain, we have invested in and acquired shares of ITRO Co., Ltd., a platform program development company." The acquired shares account for 30% of ITRO's total shares.
Founded in 2018, ITRO is a startup company that provides platform software development and big data analysis services based on core technologies of the Fourth Industrial Revolution such as artificial intelligence (AI), Internet of Things (IoT), and big data. Starting with the development of Daewoo E&C's 'Prugio Smart Home' in 2019, it entered the 'smart home platform' business and expanded its operations by establishing partnerships with numerous local governments and public institutions, including building the 'Smart Village Platform' service in Wanju-gun, Jeollabuk-do last year.
Through this investment, Daewoo E&C will accelerate its entry into the smart home platform business. It plans to upgrade the currently used Prugio Smart Home platform and promote the development of a smart home platform that leads future residential culture.
First introduced in 2019, the Prugio Smart Home completed the first phase, which controls the living environment within households (lighting, gas, heating and cooling, ventilation, security, etc.) and provides convenience services (elevator call, weather information, delivery tracking, vehicle location confirmation, etc.). The second phase development, which includes smart appliance control (air conditioners, TVs, robot vacuum cleaners, etc.), mobile carrier integration (KT, SKT, LG U+), community facility reservations, and affiliated services, has also been completed.
A Daewoo E&C official said, "Through the third phase development of the Prugio Smart Home platform this year, we plan to expand affiliated partners and add practical functions such as establishing a defect management system."
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