Atinum Investment Portfolio Company Allganize Lists in Japan

Allganize Holdings, an enterprise artificial intelligence (AI) company in which domestic venture capital (VC) firm Atinum Investment is the largest shareholder among institutional investors, listed on the Tokyo Stock Exchange Growth Market in Japan on November 4.

(From left) Lee Seungyong, CEO of Atinum Investment; Kim Jewook, vice president of Atinum Investment; and Lee Changsu, CEO of Allganize, pose for a commemorative photo marking Allganize's listing. Atinum Investment

Atinum Investment said that its CEO Lee Seung-yong and Vice President Kim Je-wook visited Japan that day to celebrate Allganize's listing.

Founded in California, Allganize has operated an AI solutions business in South Korea, the United States, and Japan. It expanded its business footprint by establishing Allganize Korea in 2018 and Allganize Japan in 2019. As its business expansion in Japan gained momentum, the company decided to pursue a local listing. In November 2021, it established holding company Allganize Holdings through a corporate flip that moved its headquarters to Japan.

Atinum Investment made its first investment in 2021, recognizing Allganize's natural language understanding AI technology and global business potential before large language models (LLMs) became widespread. Atinum Investment also participated in a follow-on investment in 2023.

An Atinum Investment representative said, "We are pleased to see Allganize, which we have supported as a long-term partner since our first investment in 2021, list on the Japanese stock market. We will continue to support Allganize as it expands its business and strengthens its competitiveness in the global enterprise AI market."

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