[Series] Cooling Solution Startup Sinseongo Secures Pre-A Investment... Aiming for 2030 IPO with AI Data Center Growth

They commercialized the technology and know-how secured from the LG Electronics in-house venture program through licensing, and attracted follow-on investment based on demonstration results and market verification achievements. After securing trust from large corporations and accelerators at the seed stage, they adopted a stepwise financing strategy that led to Pre-A through additional contributions from bridge investors.

In particular, they confirmed the marketability of vacuum insulation technology through domestic and international crowdfunding and expanded this into business-to-business (B2B) products. They are also discussing business targeting government and public institutions (B2G), allowing investors to verify the feasibility of the technology and the commercialization process.

The investment funds will be used for operations and research and development. They plan to advance products based on vacuum insulation technology and expand B2B supply items. Additionally, while continuing discussions for B2G business, the funds will be invested in the demonstration of new fields such as AI edge data centers.

The three founders, while developing refrigerator and freezer technologies at LG Electronics for decades, noticed the proportion that cooling accounts for in global energy consumption. They also confirmed that high maintenance costs, demand fluctuations, and the difficulty of maintaining constant temperatures are recurring problems in refrigerated and frozen logistics sites.

They determined that these problems could be solved by a method that cools only the necessary targets rather than the entire space. To commercialize this, they founded the company through the LG Electronics in-house venture program.

In 2026–2027, they plan to establish a mass production system for the thin vacuum insulation material FVI and intensify the sales and rental business of cold chain products. The 2026 revenue target is 2 billion won, and they will pursue local demonstration (PoC) and exports to Indonesia. In 2027, the goal is to supply the integrated cooling solution 'T-Solution' and conduct AI edge data center demonstrations to achieve 24.2 billion won in revenue.

From 2028, they plan to gradually commercialize AI edge data centers to foster them as a growth axis following the cold chain. They plan to commercialize an energy circulation model that utilizes waste heat from data centers for smart farm heating and expand into overseas markets such as Japan and Southeast Asia.

In 2030, the goal is to intensify the sale of integrated solutions combining cold chain and AI data centers to achieve 67 billion won in revenue, with overseas revenue accounting for more than 20%, and to pursue an initial public offering (IPO). Ultimately, they aim to grow into a global modular cooling solution company by expanding the scope of application for the individual cooling method.

Starting a business is an opportunity to directly experience the process where ideas and technology are recognized as value in the market. However, since one must handle not only technology development but also investment attraction, certification, customer acquisition, and organizational management, thorough preparation and a sense of responsibility are required.

It may take longer than expected and involve repetitive trial and error before a product establishes itself in the market. Prior to starting a business, one must sufficiently verify market and customer demand and deeply understand the problem being solved. Rather than taking on all tasks alone, it is also important to respond together with reliable colleagues, investors, and partner companies. The experience gained in the process of enduring difficulties and continuing the business becomes an important asset.