Korean drone And satellite spatial analysis AI to start up Meissa completed a $6.8 million (KRW10 billion) project pre-IPO financing cycle. With this latest investment, Meissa’s total cumulative funding now reaches approximately $23.9 million (KRW 35 billion). The company is targeting an IPO in the second half of 2026.
The pre-IPO round attracted several new investors, including the LIG Nex1–IBK Capital Defense Innovation Fund, GVA Asset Management, NH Hedging Asset Management, Painters and businesses, Vision Equity Partners, Triangles PartnersAnd ID Ventures. Existing shareholder GnTech Venture Capital Investment also participated, alongside Kiwoom Securitieswho acts as an underwriter of the IPO and joined as a direct investor.
The participation of the IPO subscriber as an investor is considered a strong signal of market confidence in Meissathe economic model and growth potential of the country. Following the existing main shareholder Korean aerospace industries (KAI), LIG Nex1’s investment means Meissa has now secured the backing of two of Korea’s “big four” defense companies. The involvement of venture capital firms, securities firms and asset management companies as shareholders has further increased expectations for the upcoming IPO.
Meissa operates an AI platform that collects and interprets multi-source spatial data from satellites and drones, transforming it into immediately actionable insights that guide decision-making. The company provides a platform that implements real-time AI analysis and automated response systems, going beyond traditional methods of using spatial data that relied on manual work and post-hoc analysis.
Unusually in the spatial information industry, Meissa has built an extensive network of enterprise customers based on its SaaS products. Leading Korean construction companies, including DL E&C, HDC Hyundai Development Company, and Lotte Engineering & Construction, use the Meissa platform on construction sites across the country every day. With its experience in very complex areas to digitize construction industry, Meissa has established a technological base applicable in the private and public sectors. The company has diversified its business portfolio by expanding use cases to the defense and space sectors in collaboration with KAI.
Seok-won Choi, CEO of Meissa, commented: “This pre-IPO investment validates the scalability of the spatial analysis AI platform we have built. We will evolve into a company with a long-term growth structure through the advancement of technology infrastructure and expansion into new application areas.”