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Liberty Labs announced on January 9 that it had attracted investments from Base Investment and Seoul Na.

Liberty Labs announced on January 9 that it had attracted investments from Base Investment and Seoul National University Technology Holdings.
Liberty Labs announced on January 9 that it had attracted investments from Base Investment and Seoul National University Technology Holdings.

Liberty Labs announced on January 9 that it had attracted investments from Base Investment and Seoul National University Technology Holdings.

Liberty Labs is a startup that aims to become an AI-powered manufacturing company by applying generalized technologies, including AI, to underdeveloped industries. In particular, Liberty Labs enters the market through mergers and acquisitions. Liberty Labs stated: “More than 81% of small and medium-sized companies that are older than 30 years due to the aging baby boom generation are CEOs aged 60 or older and are being succeeded by two- or three-year-olds who lack the will to succeed. success in the family business or inheritance. We focus on the fact that there is a succession problem due to the burden of the gift tax, he said. “We have a go-to-market strategy through acquisitions.”

The company explains that it intends to solve the most important and difficult problems of production and network technology through acquisitions. Liberty Labs acquired them and is developing a platform to improve productivity, efficiency and management structure through systems-based digital transformation and the introduction of artificial intelligence.

Liberty Labs noted that many small and medium-sized manufacturing companies have failed to adopt universal technology due to Korea’s declining growth rate, resulting in a decline in productivity. 58% of SMEs suffer from labor shortages due to the macro environment, such as an aging population and inflation, and avoidance of the manufacturing industry by the younger generation.

Liberty Labs explained that it has key talent in a variety of fields, including PE, strategic consultants, M&A lawyers, and software engineers. Liberty Labs CEO Jeong Jae-moon said, “With this investment, we plan to acquire precision parts companies and promote technological transformation,” adding, “We plan to dramatically improve productivity by introducing the software and artificial intelligence of the acquired companies.”