STRADVISION, the creator of the award-winning AI-powered image recognition software ‘SVNet,’ was honoured with the ‘Global Innovator Award’ at the ‘NextRise 2024 Seoul event, held at COEX in Samseong-dong, Seoul, on June 14th.
The KDB Bank (Korea Development Bank) and the Korea International Trade Association (KITA) hosted NextRise 2024, now in its sixth year. This event brings together over 500 domestic and international startups and global companies to showcase innovative technologies through exhibitions, business meetings, and lectures. A panel of judges selects award-winning companies based on a comprehensive evaluation of technology, business feasibility, and team competitiveness.
Recognition for SVNet
STRADVISION received the ‘Global Innovator Award’ for its deep learning-based vision perception technology, SVNet, known for its ultra-light design and exceptional efficiency. Since its commercial launch in 2019, 13 automakers have adopted SVNet across 50 vehicle models, installing it in more than 2 million vehicles worldwide to enhance road safety and convenience.
Statements from STRADVISION
Taesan Kwon, Vice President of Project Management at STRADVISION, expressed his gratitude, stating, “We are thrilled and thankful for recognizing STRADVISION’s unmatched technology and efforts in the global market, which align with our customers’ forward-looking vision.” He continued, “As a leading Korean company with a worldwide presence, we will enhance our global competitiveness and continue our evolution into a future-focused enterprise.”
Preparing for IPO
STRADVISION is preparing for an initial public offering (IPO) to apply for listing on the Korea Securities Dealers Automated Quotations (KOSDAQ) market in the second half of this year. The KOSDAQ Technology Special Listing facilitates the listing of technology-intensive companies. The company recently passed the technology evaluation for KOSDAQ’s special technology listing with an ‘A, A’ rating.
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