Vueron Tech, Mirae Asset Securities Partner for IPO

VueRun Technology, a LiDAR solution company that envisions the future of autonomous driving and smart infrastructure, has selected Mirae Asset Securities as its initial public offering (IPO) lead underwriter, taking its first step towards listing on KOSDAQ. Since its establishment in 2019, VueRun Technology has consistently spearheaded innovation, showcasing unparalleled technological prowess not just with simple LiDAR sensors, but through sophisticated AI-based perception solutions that analyze 3D data and precisely identify the location, size, and speed of objects. In particular, the company's flagship products, 'VueOne' for autonomous driving and ADAS (Advanced Driver-Assistance Systems), and 'VueTwo' for smart infrastructure, have already proven their value by successfully undertaking mass production projects in collaboration with global automakers, Tier 1 suppliers, and domestic and international government agencies and local authorities. The greatest strength of VueRun Technology's software is its perfect compatibility with any LiDAR sensor manufacturer and its stable operation even on low-specification, low-power automotive chips (MCUs). This flexibility is a key driver enabling business expansion into a wide range of industrial sectors, including mobility and robotics. This year, the company further strengthened its technological leadership by launching 'VueX,' an AI-integrated development platform. This platform achieved the remarkable feat of obtaining Amazon Web Services (AWS) 'Partner Software Path' certification and being registered on its marketplace. A VueRun Technology official stated, "Considering our high sales proportion in overseas markets such as the U.S. and Japan, we chose Mirae Asset Securities, which has a strong global investment network," expressing a strong commitment to continuous growth in the global market. VueRun Technology, which secured 22 billion KRW in Series A funding last September, achieving a cumulative investment of 33 billion KRW, now plans to concentrate the funds raised through the IPO on research and development for technological advancement, thereby further enhancing its global competitiveness. CEO Kim Jae-kwang expressed his ambition, stating, "We will leverage this IPO to set a new standard for LiDAR solutions on the world stage."