[IPO] SimPlatform "Leading Industrial Quality Innovation through AIoT Innovation"

Industrial AIoT Platform Company
Diverse Applications in Manufacturing, Healthcare, and More
"Rapid Increase in Clients Expected This Year"

"We will lead quality innovation across industries through AIoT technology and change the landscape of the industry."

Kang Tae-shin, CEO of SimPlatform. Photo by Yoo Hyun-seok

Kang Tae-shin, CEO of Simple Platform, an industrial AIoT platform solution company preparing for a KOSDAQ listing, made this statement at an IPO briefing held on the 12th in Yeouido.

Founded in 2011, Simple Platform is a specialized company that efficiently collects, analyzes, and utilizes industrial data based on 'AIoT' technology, which combines artificial intelligence (AI) and the Internet of Things (IoT). Based on this, it provides solutions such as predictive maintenance, quality inspection, production optimization, supply chain optimization, resource optimization, and product servitization to its clients.

Its customers and partners include DB HiTek, Park Systems, CJ Feed & Care, SNS Tech in the manufacturing sector; Gangnam Severance Hospital, Radian Q Bio, LG Uplus in healthcare; and major government agencies such as the Ministry of Science and ICT, Korea Paralympic Committee, and Livestock Products Quality Evaluation Institute.

CEO Kang said, "AI is a technology that learns and evolves based on data, but AIoT is what collects and manages that data most efficiently," adding, "Since its inception, we have built a business model centered on AIoT utilizing AI."

Simple Platform's AIoT technology has produced tangible results across various industries. In the semiconductor sector, it collaborated with major domestic semiconductor companies to perform wafer inspection and equipment anomaly detection, improving data accuracy compared to previous methods.

In the display sector, it worked with metal mask manufacturers to reduce defect rates. In the public sector, it developed AI for grading sirloin using semiconductor inspection technology and collaborated with the Livestock Products Quality Evaluation Institute to establish an objective grading evaluation model.

In healthcare, it partnered with Gangnam Severance Hospital to build an AI system for integrated management of patients' vital data. In sports tech, it introduced AI for performance analysis of the national badminton team.

CEO Kang explained, "To maximize the efficiency of AIoT, we introduced customer-tailored modular AI and SaaS (subscription-based) models," adding, "This has enabled prediction, diagnosis, and optimization across various fields such as semiconductors, displays, public sector, and healthcare."

Simple Platform, which is listing through a technology special listing, expects to record sales of 13.726 billion KRW and operating profit of 3.522 billion KRW this year. Sales are projected to increase by 89.93% year-on-year, with operating profit turning positive. He explained, "Simple Platform has steadily grown over the past three years, proving profitability and marketability," and "a rapid increase in customers is expected this year."

Through this IPO, Simple Platform plans to newly issue 920,000 shares. The desired public offering price is between 13,000 and 15,000 KRW. The raised funds will be invested in advancing AIoT technology, entering global markets, and expanding industries. CEO Kang emphasized, "Through this KOSDAQ listing, we will secure reliability and scalability and carry out more aggressive sales activities," adding, "We plan to quickly apply Simple Platform's AIoT technology to a wider range of industries as a stepping stone from the listing."

The public offering price will be finalized after demand forecasting from the 27th of this month to the 6th of next month. General subscription will be conducted on the 11th and 12th of the same month. The company is scheduled to be listed on the KOSDAQ market within this month. The lead underwriter is KB Securities.