Twinny, an autonomous mobile robot (AMR) specialist has closed a Series C funding round totaling 20.4 billion won and announced plans to pursue an IPO within the year.
Ato Investment served as lead investor in the round, joined by KT Investment — which has participated continuously since Series A — alongside SL, Gravity PE, and SECO Seo-Jin Automotive as co-investors. The latest round brings Twinny’s cumulative funding to approximately 59 billion won.
Founded in 2015, Twinny was built around autonomous robot experts from KAIST and focuses on AMR solutions for logistics automation. Industrynews Its flagship product, “Nargo Order Picking,” reduces worker travel distance and picking time, cutting labor costs by up to 64.4%. Combined with a reduction in picking errors and overall productivity gains, adoption at logistics sites has been accelerating rapidly, with 2025 revenue growing more than threefold compared to the previous year.
A key part of Twinny’s competitive positioning is its software-first approach. The company’s strategy is to evolve into a solution provider whose software can be installed on any manufacturer’s hardware to immediately enable high-level autonomous navigation — without being tied to its own hardware.
Building on its logistics automation business, Twinny plans to expand its software technology to industrial robots, humanoids, and other heterogeneous robot platforms. Its stated ambition is to become a leading software company in the Physical AI navigation space — the core intelligence that drives robot hardware.
On the international front, the company is preparing to accelerate overseas expansion of Nargo Order Picking, which has built a strong domestic track record, aiming to significantly increase the share of foreign revenue from this year onward to establish a sustainable growth engine following its listing.
Twinny is also advancing its IPO process with the goal of listing on the Kosdaq market through the technology special listing route this year, with the Series C expected to add momentum to its preparation.
The proceeds from this round will be deployed toward marketing and operational expenses to support market expansion.
