Kyndof Confirmed for Global TIPS After Completing 3.8 Billion Won Raise
K-pop fashion brand house Kyndof was confirmed for the Ministry of SMEs and Startups' Global TIPS program and has completed a 3.8 billion won raise, including a 2.6 billion won seed round.
Kyndof, a K-pop-based fashion brand house startup, said on the 26th that it had been confirmed for Global TIPS, the Ministry of SMEs and Startups' private investment-led technology startup support program.
The TIPS global track is a government support scheme that identifies early-stage startups whose capacity to enter global markets has been verified and provides up to 1.2 billion won in R&D funding over as long as three years. Through the selection, Kyndof completed a total of 3.8 billion won in funding, including 2.6 billion won in seed investment.
Kyndof will concentrate on advancing its AI agent platform technology and expanding automation solutions built on fashion and 3D modeling. It also set out building overseas partnerships and accelerating entry into global markets as priorities.
Drawing on in-house technology that includes an AI agent builder, a workflow engine and an automation hub, Kyndof operates 2000Atelier, which produces stage costumes for K-pop artists, and 2000Archives, a B2C fashion brand. The company has drawn attention for driving innovation in planning, production and operations across the fashion industry. The Global TIPS selection is expected to have a positive effect on future hiring and on the company's global business expansion.
Kim Seon-bin, chief executive of Kyndof, said the Global TIPS agreement "is the result of official recognition of Kyndof's technological capability and growth potential," adding that the company "will grow into a company with global competitiveness in the fashion tech field."
Based on reporting by Maeil Business Newspaper
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