The Korean specialist in artificial intelligence and machine learning data sets up its first foreign branch in Bissen, making it the European bridgehead for its business development.
Photo: Luxembourg-based specialist in automotive sensors IEE will provide INFINIQ with offices and R&D space / Credits © Shutterstock
INFINIQ has just established its European “Sales and Marketing” headquarters in the Grand Duchy.
The Korean group is active in the fields of artificial intelligence and machine learning data, particularly in the segments of autonomous driving, data annotation, sensor fusion and deep learning.
INFINIQ will be housed in Bissen, on the premises of IEE, a Luxembourg-based specialist in automotive sensors, which will provide it with offices and R&D space.
“Our new branch office will serve as a base to expand our activities beyond South Korea,” the group announced in a press release.
“We see Luxembourg as a bridgehead, and will intensify our efforts to enter the field of global data on autonomous driving,” continued Park Jun-hyung, CEO of INFINIQ. “Europe is the largest automotive market in the world and has an autonomous driving infrastructure including research institutes, professionals and universities.”
The target markets for the Korean group are Germany, France, Sweden and Italy. Initially, INFINIQ plans to transfer its business development activities to Luxembourg and then launch marketing and sales activities tailored to customers in the European market.
It will then target other areas based on IA, such as farms or smart cities, in which investments are made in Europe.
Founded in 2005, the Korean company collaborates with major players, including Hyundai Motors and SK Telecom, in the field of machine learning data and develops various solutions related to computer vision and deep learning algorithms.
Its arrival in the Grand Duchy was “facilitated by the Luxembourg Trade and Investment Office (LTIO) in Seoul and by Luxinnovation,” according to the press release.