Onepredict

About Onepredict

Onepredict, established in South Korea in 2016, develops industrial Artificial Intelligence (AI) solutions focused on predictive maintenance for critical industrial assets. The company was founded by Byeng Dong Youn, a professor in the Department of Mechanical and Aerospace Engineering at Seoul National University. His academic background and extensive experience as a technical advisor for major corporations like Hyundai, Samsung, and LG directly inform the company's technological foundation in combining deep domain knowledge with AI algorithms.

The firm operates on a B2B model, providing predictive analytics software to clients in heavy industries such as energy generation, utilities, petrochemicals, oil and gas, and high-tech manufacturing. Its core business involves delivering software solutions that help companies minimize equipment downtime and reduce maintenance costs by forecasting potential failures before they occur. Revenue is generated through the deployment of its proprietary software solutions.

Onepredict's flagship product is GuardiOne®, an AI-based software suite that functions as a "digital twin" for industrial equipment. This platform analyzes large datasets, including vibration, noise, temperature, and electric current signals, to diagnose the health of assets, predict failures, and estimate their remaining operational lifespan. The GuardiOne® family includes specialized solutions for different types of machinery, such as GuardiOne® Motor for industrial motors, GuardiOne® Substation for transformers, and GuardiOne® Turbo for turbomachinery. The system's ability to provide a high-accuracy diagnosis and prognosis distinguishes it from conventional rule-based monitoring methods.

The company has demonstrated consistent growth, securing multiple rounds of funding. After raising KRW 4 billion in 2019 and KRW 15 billion in 2020, Onepredict closed a significant Series C funding round of $25 million (KRW 30 billion) in March 2022. This round included participation from both previous investors like Atinum Investment and new backers such as Korea Development Bank, LG Energy Solution, and GS Power. These funds are allocated for advancing its solutions and expanding its global footprint, particularly in North America, the Middle East, and Southeast Asia.