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Lotte Ventures, the corporate-led venture capital of the Lotte Group, announced on May 25 that it has signed an initial stage (seed) investment contract with AimBe lab Inc. which develops a livestock feed measurement and trading platform.
AimBe lab Inc. is helping livestock farmers and feed companies to improve productivity and save costs by overcoming the limitations of the offline market implied by the livestock industry and online.
Currently, the method of measuring the remaining amount of feed bins in livestock farms is a traditional load cell or laser measurement method ranging from 1.5 million won to 7 million won per unit. It is foretold. AimBe lab Inc. has already collected more than 300,000 data to derive AI analysis data, and the response was found to be very favorable as a result of a cooperative farm test, the AimBe lab Inc. said.
In addition, by building a feed trading platform by monitoring the amount of feed inside the feed bin in real time, it is solving the information asymmetry of primary industry workers and overcoming the limitations of face-to-face sales and transactions. By providing AI data to feed companies, delivery plans can be optimized to reduce labor and transportation costs and even achieve the effect of carbon emissions.
According to AimBe lab's CEO Byung-Soo Go, he showed confidence in providing a stable solution, saying, “I will lead the change in the global feed market worth 675 trillion won among the livestock sector that will emerge as the center of the primary industry.
CEO Jeon Young-min of Lotte Ventures, who decided to make this investment, explained the reason for the investment, "It is expected to be a company that will lead the digital transformation of the livestock industry and bring about a positive structural change in the market."



[IT Dong-A] Aimbelab, "Digital transition of livestock industry through IoT and AI feed management "My Feed".
The global livestock industry has long had difficulty managing the remaining quan...
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Aimbelab, selected as a mentee company of the Ministry of Science and ICT.
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FACT ‘2021 Gyeonggi-do GreenBio IR’ Chairmen Award
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Gyeonggi-do, overseas investment support for AimBe lab
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Securing support from the The Foundation of Agri. Tech. Commercialization & Transfer
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Lotte Ventures invests in Aimbelab
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AimBe lab will lead a big change in the livestock ecosystem
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Lotte Accelerator selects AimBe lab as an investment target
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AimBe lab Inc. was selected as Korea's Best Startup Demo Day
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AimBe Lab invited to the seminar of Gyeonggi-do Economics and Science Accelerator
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Gyeonggi Province, actively supporting AimBe lab Inc.
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Hosted '2020 Livestock Tech Seminar' by Korea Livestock Tech Association
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Aimbe Lab-GLW Feeds Signed Business Agreement as Strategic Partner
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Aimbe lab selected as one of the top 10 agricultural technology companies in Korea in 2020
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Aimbe lab, networking with overseas investors with support from Gyeonggi-Province, Korea
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Ministry of Patriots and Veterans Affairs Mentoring Talk Concert
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AI Startup AimbeLab, selected as a supporting company for overseas expansion
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'AimbeLAB' the 3rd incubation company at the Startup support center
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