[Click e-Stock] "Alchera Secures Robotics Momentum through Participation in LG Electronics Consortium"

Alchera is accelerating its entry into the physical AI market by expanding its artificial intelligence data-building capabilities, which it has accumulated in the autonomous driving sector, into the robotics and manufacturing sector. Industry analysis suggests that the company is widening the foundation of its robotics learning data business by participating in the LG Electronics-led national physical AI project, securing data contracts with global IT firms, being selected for the AWS program, and collaborating with Chinese humanoid companies.

Independent research firm ValueFinder assessed on September 30 that Alchera is leveraging its proven data-building experience in autonomous driving to expand into the physical AI sector, with its participation in the LG Electronics-led national project marking a new growth engine in the robotics sector.

Established in 2016 and listed on KOSDAQ in 2020, Alchera is a company specializing in AI visual recognition. Its core businesses are solutions, data, and abnormal situation detection, with sales breakdown for the first half of this year at 61.6% from solutions, 32.6% from data, and 5.8% from abnormal situation detection. Key subsidiaries include Youthbee, a non-face-to-face identity authentication service provider (90% stake), Alchera VN, a Vietnam subsidiary handling AI training data processing, and Alchera X, which is in charge of wildfire early detection business in the United States.

Notably, as its data business expands into physical AI, both order volume and business areas are growing concurrently. Over the past five years, Alchera's autonomous driving data business has generated a cumulative revenue of 11.4 billion won, and it has maintained annual sales of over 3 billion won since 2023. In addition, the company has established a self-sufficient system that covers everything from working environment and equipment design to teleoperation-based data collection, format conversion for robotics training, and quality inspection, thereby expanding its supply scope into the robotics and manufacturing sector. This physical AI data business unit recorded revenues of 900 million won last year.

The order volume is also growing. The "Data Factory Data Collection" contract signed with a global IT company in July was worth about 2.7 billion won, 2.1 times larger than the previous contract. As of the end of the first half of this year, the order backlog for the data division stood at approximately 7.1 billion won, an increase of 123% from the same period last year. In September, Alchera was selected as a specialized company in the AI data sector for the Manufacturing Artificial Intelligence Transformation (M.AX) project by the Korea Evaluation Institute of Industrial Technology (KEIT), strengthening its foundation for expanding its data business in the manufacturing sector.

In its robotics-related business, participation in the LG Electronics consortium is considered a key momentum. Alchera is joining the "Physical AI Leading Technology Development" project, led by the Ministry of Science and ICT and the Institute for Information & Communications Technology Promotion (IITP), as a collaborative research institution. The project period runs from May 2026 to December 2027, with a total budget of about 49.7 billion won.

This project led by LG Electronics involves 10 organizations, including KAIST, KT, and Robotis. The goal is to develop technology that combines a World Foundation Model (WFM) and a Robot Foundation Model (RFM), with Alchera responsible for building an end-to-end (E2E) data integration platform and supplying high-quality training data throughout the process.

Global cooperation is also expanding. In August, Alchera was finally selected for AWS's "Physical AI Frontier Program." Additionally, the company signed a memorandum of understanding with X-Humanoid, a Chinese humanoid innovation center whose founding members include UBTech and Xiaomi, to handle fine-tuning of humanoid models targeting the Korean market.

The company has also maintained competitiveness in its core facial recognition business. Approximately 70% of Korea's top-tier financial institutions have adopted Alchera's proprietary AI technology, and Alchera ranked first in both facial recognition matching and liveness detection in the ID card facial recognition joint system BMT conducted by the Korea Financial Telecommunications and Clearings Institute in 2023.

Alchera's subsidiary Youthbee offers a Software-as-a-Service (SaaS)-based non-face-to-face identity authentication business, which is expanding its base of recurring revenue. The billing model is usage-based, and as of April 2025, the cumulative number of clients reached 110, with a cumulative contract renewal rate of 95.5%. With attempted fraudulent authentications using deepfake selfies increasing by 58% year-on-year in 2025, and facial authentication being gradually introduced in mobile phone subscription processes, Alchera is positioned in a favorable environment for further demand expansion.

In terms of performance, the share of recurring revenue is steadily rising. In the first half of this year, consolidated sales were 4.7 billion won, marking a 41% increase compared to the same period last year. Subscription-type revenue was about 1.6 billion won, doubling year-on-year, and its proportion of total revenue rose from 23.4% to 33.1%. Considering the seasonal tendency for revenues to be concentrated in the second half, if orders already secured are reflected as planned, both performance gains and a reduction in operating losses are expected.

Researcher Lee Chungheon of ValueFinder stated, "Based on its full-stack physical AI data system, which covers everything from equipment design to collection and inspection, Alchera is working to preemptively capture the robotics learning data market through participation in the LG Electronics-led national project and its collaboration with AWS and X-Humanoid."

He added, "As demand for data arises even before the full-scale sales of robots—especially during model development and validation stages—expanded orders will directly link to revenues. If it is confirmed that the data business is shifting from project-based to a recurring revenue structure, it will provide grounds for a re-evaluation of the company's value."

This content was produced with the assistance of AI translation services.