Tech Company Financing Transactions
PIASPACE Funding Round
PIASPACE, operating out of Daegu, scored $2.3 million in funding from Cactus Private Equity.
Transaction Overview
Company Name
Announced On
5/11/2026
Transaction Type
Venture Equity
Amount
$2,300,000
Round
Series A
Investors
Proceeds Purpose
The company will use the funds to further develop its vision-language model (VLM)-based security solutions and expand its AI video analytics platform.
Company Information
Company Status
Private & Independent
Industry
Software
Mailing Address
1005, 10F, Daegu Scale-up Hub, 465 Dongdaegu-ro, Dong-gu 1005
Daegu, 41260
South Korea
Daegu, 41260
South Korea
Phone
Website
Email Address
Overview
PiaSpace specializes in multimodal AI solutions that combine video and text understanding. The company has developed a B2B SaaS platform that detects anomalies such as fires, violence, and intrusions in real time. PIASPACE's technology is powered by vision-language models (VLMs), enabling AI systems to analyze visual data and make contextual decisions based on textual understanding. With operations in Singapore, Thailand, and Indonesia, the company has partnered with major firms including KT Telecop and LG Uplus.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Yoo Hyun-soo
Chief Operating Officer
Park Seong-hyeok
Chief Technical Officer
Lee Seong-jun
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