In August, the Yongin Industrial Promotion Agency conducted an interview with Taehoon Kang, CEO of VECTORSIS Inc. During the interview, CEO Kang shared insights into the company's journey, technological advancements, and future plans. He also offered advice based on his experiences leading VECTORSIS as a corporation.
Q: Introduction to VECTORSIS Inc.
A: We developed our own XR platform, integrating digital twin and artificial intelligence technologies, to contribute to society and spread positive impact. We are currently conducting demonstration projects for video surveillance and automated control solutions across various fields using this platform. Our logo represents this vision: the inner diamond signifies the real-world space, the outer diamond the digital twin space, and the two inner ovals symbolize the fusion of XR and AI technologies. We are a company with technology to monitor and control real-world spaces in real-time through a digital twin space enhanced by XR and AI.
Q: Introduction to VECTORSIS Technology
A: Our XR platform was developed by combining our expertise in game engine development with deep learning AI technology. We aim to integrate GIS engine technology to create a city-scale digital twin. This technology was developed to help make society safer and more efficient through video surveillance and automated control solutions.
Q: What inspired you to start the business?
A: We formed a team of deep learning engineers, establishing a transfer learning framework to ensure high accuracy in object recognition across different environments. By optimizing algorithms with 3D game engine technology, we created an XR platform with tenfold performance enhancement for event detection. Additionally, with support from the Yongin Industrial Promotion Agency, we established and received certification for a systematic quality management system.
Q: Recognized as a Promising SME in Gyeonggi Province in 2022!
A: I believe our biggest achievement has been developing groundbreaking ideas and creating essential core technologies in-house as a platform. We received recognition for the potential to create future value by expanding applications to fields such as shipping, schools, and buildings through collaboration with industry professionals.
Q: What was the key to your success in securing seed funding?
A: In 2021, we successfully secured seed funding twice from Korea Venture Investment and investment associations. It’s important to communicate in terms that investors, who are not technical experts, can easily understand and accept. Practicing pitches to present confidently and convincingly is crucial. I believe that developing and advancing pioneering technology, which no other company can match, maximizes future value and market potential.
Q: How did you succeed in securing government projects?
A: We have received support from government programs such as the early startup package for companies under three years old and government R&D projects. When drafting proposals, it’s important to focus on the required items and avoid unnecessary content, even if pride and passion might tempt us to deviate. Even if initial attempts fail, persistence and confidence in reapplying can lead to successful outcomes.
Q: Future plans?
A: After successfully completing our current demonstration projects this year, we plan to launch full-scale solution supply next year. Our goal is to integrate GIS engine technology into the XR platform to develop a city-scale video surveillance and automated control system, and we are preparing for the next stage of funding to achieve this.
