Drone Swarm Flight Engineer ‘Pablo Air’ Secures 21 Billion Won in Pre-IPO Investment

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Summary

Pablo Air (파블로항공) closed a 210억 원 pre-IPO funding round (about 21 billion won) led by a mix of state and private investors including 산업은행, VCs, securities firms, GS건설 CVC and notable individual investors. The company, founded in 2018, develops autonomous swarm-control technology and an integrated control system for drones and unmanned mobility, serving drone shows, delivery, UAM and defense applications. Pablo Air will use the capital to scale manufacturing, expand overseas, and build revenue streams such as drone-show sales and expanded drone-delivery services; it also plans to reinvest 10% of the funds into synergistic startups to grow the unmanned mobility ecosystem. The company targets a technology-specialty IPO next year and participates in a UAM consortium with LG유플러스, GS건설 and 카카오모빌리티 to accelerate UAM and related infrastructure efforts.

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Amount $16.2M Total raised
Date October 20, 2023 Announcement date
Investors LG Uplus, Korean Development Bank, Yuanta Securities Lead investors
Company - Funded company

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