Mashup Ventures Makes Pre-Seed Investment in Defense and Manufacturing Data Platform 'Morph Systems'

Enterprise AI Systems for Defense and U.S. Manufacturing
Building Proprietary Solutions for Industry Leaders
About 40% of First-Year Revenue from the U.S.;
Share Expected to Exceed 80% This Year

Mashup Ventures, an early-stage startup-focused investment firm, announced on the 20th that it has made a pre-seed investment in 'Morph Systems', a company developing a data integration platform for the defense industry and the U.S. manufacturing sector. This investment was made jointly with 500 Global.

Integrating Fragmented Supply Chain Data with Palantir Foundry Technology

Morph Systems is an enterprise artificial intelligence (AI) specialist that designs supply chain data and workflow systems for defense and manufacturing companies seeking advanced data utilization after adopting Palantir systems. The company's core technology is building an 'ontology' model that defines data relationships according to the client's work context and designing data flows so that distributed data in enterprise resource planning (ERP), logistics, and settlement systems can lead to actual decision-making and execution.

In particular, Morph Systems' technology demonstrates outstanding performance in military and defense industry sites where large-scale material movement and strict traceability are required. It is highly regarded for providing a data processing structure and high-performance computing environment that enables stable operations even as the supply chain scales up, thereby maximizing efficiency in manufacturing sites.

A Case Study of Ontology Construction by Morph Systems for Understanding Relationships in Unstructured Data. Mashup Ventures

Morph Systems' founder and CEO, Park Mingyu, graduated from the Department of Aerospace Engineering at Seoul National University and worked as an AI researcher at the Korea Military Academy, leading AI projects in the defense and public sectors. While consulting based on Palantir Foundry, he identified the demand for data integration in manufacturing and defense industries and decided to launch the company. Co-founder and Director Koo Harim, a graduate of the Department of Mechanical Engineering at the National University of Singapore, is responsible for system implementation, leveraging extensive field experience.

Selected for Mashup Ventures-Recommended TIPS Program, Securing Up to 500 Million KRW in R&D Funding

Since its first year of establishment, Morph Systems has generated about 40% of its revenue from the U.S. market, and this proportion is expected to exceed 80% this year. Recently, with a recommendation from Mashup Ventures, the company was selected for the TIPS (Tech Incubator Program for Startup) program, a technology startup support initiative by the Ministry of SMEs and Startups, securing up to 500 million KRW in research and development (R&D) funding.

CEO Park Mingyu stated, "With this investment as a stepping stone, we will implement large-scale computation and decision-making systems based on ontology, focusing on the U.S. market," adding, "Our goal is to expand our business scope to NeoCloud, a next-generation cloud infrastructure optimized for specific industries, in the future."

Lee Seung-guk, Partner at Mashup Ventures who led this investment, commented, "As the U.S. undergoes reindustrialization and supply chain restructuring, demand for data integration and automated decision-making is rapidly increasing. We expect Morph Systems, with its unique technological capabilities and on-site experience, to solve key challenges in the manufacturing and defense sectors and achieve rapid growth in the global market."