EdgeCross Company Profile

Background

EdgeCross is a South Korean company specializing in transforming traditional machinery into intelligent systems through industrial AI technology. Established in 2015, the company aims to connect machines and AI, addressing various manufacturing challenges and advancing the industry.

Key Strategic Focus

EdgeCross focuses on:

Machine Data Acquisition: Collecting and storing machine data to uncover insights and drive on-site transformations.

Machine Management: Offering remote control solutions for convenient management anytime, anywhere.

Machine Intelligence: Introducing AI-based machine management intelligence to advance and standardize industrial AI in machine management.

These services are delivered through the M Cube Platform, enabling intelligent management of any machine in a mobile environment.

Financials and Funding

EdgeCross has secured multiple funding rounds:

October 2020: Later Stage VC funding.

July 2018: Early Stage VC (Series A) funding.

December 2017: $50,000 from an Accelerator/Incubator.

September 2017: Seed Round funding.

Notable investors include Kakao Investment, Kakao Ventures, KDB Kiamco, and Korea Development Bank.

Technological Platform and Innovation

EdgeCross's technological innovations include:

M Cube Platform: A comprehensive solution for machine data acquisition, management, and intelligence.

Proprietary Technologies: Patents such as the "Adaptive IoT Service System Using Detachable/Attachable Hardware Module" registered in the US and Japan.

Leadership Team

Hoon Paek: Co-Chief Executive Officer & Chief Technology Officer.

Minkyu Kim: Co-Founder & Co-Chief Executive Officer.

Both leaders have been instrumental in steering EdgeCross's strategic direction and technological advancements.

Competitor Profile

Market Insights and Dynamics

The industrial AI and IoT market is experiencing significant growth, driven by the need for smart manufacturing solutions. EdgeCross operates in a competitive landscape with several key players.

Competitor Analysis

Mitsubishi Electric Corporation: Offers the "Edgecross" platform, focusing on factory automation and IT collaboration.

Advantech: Provides edge computing and IoT solutions, and is a member of the Edgecross Consortium.

Strategic Collaborations and Partnerships

EdgeCross collaborates with various domestic and international partners to drive and spread the smartification across the machinery industry.

Operational Insights

EdgeCross's competitive advantages include its proprietary M Cube Platform, a strong patent portfolio, and strategic partnerships that enhance its market position and innovation capacity.

Strategic Opportunities and Future Directions

EdgeCross aims to expand its market presence by leveraging its technological innovations and strategic partnerships. The company is focused on enhancing its AI capabilities and exploring new applications for its M Cube Platform.