Myorange, a Korean AI-based impact tech company, has secured investment from MYSC. The funding will be used to enhance its AI-powered social impact measurement and reporting technology while paving the way for the company’s global market expansion. Myorange plans to officially launch its flagship solution, Orange Impact, in early 2025.

The company was selected for ’The 11th Hyundai Motor Chung Mong-koo Foundation H-OnDream Startup Ground’, operated by MYSC. Through this program, Myorange received growth support and strengthened its technological and business capabilities through the Extra-mile Acceleration (EMA) initiative.

Specializing in optimizing corporate social responsibility (CSR) activities, Myorange provides AI-driven impact reporting solutions. The company gained industry recognition by winning the KT&G Sangsang Planet Award at the 8th Social Venture Innovation Contest. It aims to create shared social value by collaborating with a wide range of partners, including large corporations, mid-sized companies, non-profits, social enterprises, social ventures, governments, and local municipalities. Myorange’s AI-powered performance measurement system is designed to support companies in achieving ESG growth, secure financial stability for non-profits and social enterprises, and contribute to solving societal challenges.

Park Jeong-ho, vice president of MYSC and leader of the investment, stated, “Many ESG projects, both in Korea and internationally, spend a significant amount of time identifying suitable business entities. Myorange’s solution has the potential to effectively address this challenge.” He added, “There is a need for a company in Korea to play this role, and we are committed to supporting Myorange as it grows into that position.”

Seong-do Cho, CEO of Myorange, said, “This investment will help more organizations measure their social contribution performance easily and efficiently while improving their data-driven decision-making capabilities. We aim to establish ourselves as a global leader in competitive impact technology.”