Vueron

About Vueron

Vueron is a South Korean technology firm established in 2019 that specializes in perception software for LiDAR (Light Detection and Ranging) sensors. The company was founded by CEO Joseph Kim and CTO Changhwan Chun, who identified a market opportunity while developing autonomous driving systems at Hyundai's Autonomous Driving Center. Their experience with LiDAR systems led them to focus on the software component, believing they could surpass existing industry standards. Kim has over seven years of experience in autonomous driving system development and LiDAR signal processing.

Vueron operates on a B2B model, providing its software solutions to automotive Original Equipment Manufacturers (OEMs), Tier-1 suppliers, governments, and system integrators. The company generates revenue through the sale of software licenses and service contracts. Its primary markets are in South Korea, the United States, Japan, and Europe, with a U.S. subsidiary contributing 30% of the company's overall revenue. The company has established offices in Seoul, Silicon Valley, and Munich to support its global partnerships.

The firm's product portfolio includes several core offerings. 'VueOne' is a LiDAR perception solution designed for Advanced Driver Assistance Systems (ADAS) and autonomous driving in cars and trucks. This software handles real-time object detection, tracking, and classification. 'VueTwo' is a solution tailored for smart infrastructure applications, such as security, crowd management, and intelligent transportation systems (ITS). The company also offers 'VueTruck' for autonomous logistics and 'VueX', a no-code, AI-powered platform for training and deploying LiDAR perception models. Vueron's software is developed in the C language, which allows it to be lightweight and efficient for embedded systems.

Significant milestones for the company include securing the world's first autonomous driving license using only a single LiDAR sensor in South Korea in 2021 and obtaining a similar permit in California in 2022. In 2022, a vehicle equipped with Vueron's technology completed a 616-kilometer autonomous drive in California. The company has raised significant capital, including a Series A round of approximately $17 million, bringing its total funding to $25 million with investors like NAVER D2 Startup Factory, Korea Development Bank, and Shinhan Venture Investment. The company's 'VueTwo' solution won a CES 2024 Innovation Award.