Startup Morning Coffee with Jeon Hwa-seong, Ep. 1089: Successful Exit Strategy

Every morning at 8:40 AM, 'Startup Morning Coffee' goes live to viewers on the YouTube channel 'Jeon Hwa-seong's CNTV', hosted by CEO Jeon Hwa-seong. This program deeply spotlights the core competencies and market potential of various startups, effectively serving as an important information platform for those interested in the startup ecosystem through interactive communication via real-time comments. In a recent broadcast, 'Exeters' was introduced as an innovative company set to change the landscape of the unmanned store market, garnering significant attention. Exeters is a company aiming to open a new era for unmanned stores through AI-based smart retail solutions. In particular, they have adopted a unique approach called the 'on-device AI wireless model' to fundamentally solve the high-cost problems inherent in existing unmanned store solutions. Their strategy is to kill two birds with one stone – achieving both operational efficiency and cost savings – by processing data directly on in-store devices instead of relying on complex and expensive cloud-based computations. This innovation stems from Exeters' unique core technologies, such as frequency analysis-based structural pattern analysis algorithms and frame-based similarity scoring algorithms, as well as their module division design. Currently, Exeters is strengthening its technological capabilities and marketability by participating in CNT Tech's sports accelerator support program. Exeters' biggest differentiator is that, unlike most existing AI retail solutions which are wired and cloud-based, it implements all functions wirelessly through on-device AI. This is a decisive factor in increasing installation flexibility and reducing cost burdens. Furthermore, their ability to precisely analyze structural patterns through high-frequency analysis elevates the accuracy and reliability of unmanned stores to a new level. Based on this technology, Exeters plans to supply smart display shelves and kiosks, and generate stable revenue through a distribution model based on SaaS (Software as a Service) fees. CEO Jeon Hwa-seong predicted that Exeters' business model would have a powerful ripple effect, especially in specific markets such as unmanned fitness facilities. This is because the supply of smart display shelves and kiosks, along with a distribution model through SaaS costs, can significantly reduce the operating costs of unmanned fitness facilities and revolutionize management efficiency. This is expected to be a crucial turning point that goes beyond simple cost reduction, helping facility operators focus more on improving the quality of their core services. Exeters, introduced through 'Startup Morning Coffee', is opening new horizons in the AI retail market, and its future actions as an innovative company set to redefine the appearance of future unmanned stores are drawing further attention.