PEBBLOUS INC. | CONFIDENTIAL
2026.03 · Pebblous Inc.
Reading time: ~10 min · 한국어
Dear Shareholders,
On the occasion of Pebblous Inc.'s first annual general meeting of shareholders in 2026, we would like to share with you the results of 2025 and the bold journey we will embark on together in 2026.
2025: The Year of 'Growth Turnaround'
2025 was the year Pebblous fully proved its business viability beyond technological potential.
Revenue Growth — Achieved $435K (KRW 630M) in revenue, a 115.7% increase year-over-year.
Profitability — Reduced net losses by 81.5%, establishing a bridgehead toward break-even point (BEP).
Financial Health — Streamlined SG&A expenses by 52.2% while securing $372K (KRW 539M) in cash at year-end.
These results are not simply the product of cost-cutting. The proactive investments in technology and infrastructure made in 2024 led to a dual achievement of revenue growth and operational efficiency. We define this as a 'Growth Turnaround' and are now confident that Pebblous' business model is working powerfully in the market.
Our Core Competency: Problem-Solving Through 'Data Farming'
Pebblous is a 'synthetic data platform' company that enables AI to learn beyond the limitations of reality.
Data on 'rare but critical' hazardous situations that autonomous vehicles and smart factory robots may face is nearly impossible to collect in the real world. Pebblous solves this through physics-based simulation technology. Like cultivating optimal crops in a smart farm, we precisely 'farm' the data that AI needs most in digital environments.
Our core solution, DataClinic, is supplied to the Ministry of National Defense and Army Test & Evaluation Command as a Public Procurement Service innovative product, and leading partners including LG U+ and Seoul National University Hospital have chosen Pebblous for AI data quality management.
Furthermore, Pebblous is developing the next-generation platform Data Greenhouse, where AI agents autonomously perform data diagnosis, generation, and optimization, along with PebbloSim, which generates high-quality synthetic data free of 'physical hallucination' by perfectly replicating the laws of physics. The Physical AI market these technologies serve is directly linked to Korea's core industries — manufacturing, mobility, and defense — and is the domain where Pebblous can provide data infrastructure at the forefront.
2026: Three Strategies for a Quantum Leap
This year, Pebblous is preparing for a quantum leap centered on three strategic pillars.
1Securing a stable growth pipeline. Including $1.17M (KRW 1.7B) from the Ministry of Science and ICT's Global Big Tech Development Program (AADS), we have already secured a confirmed pipeline of $1.52M (KRW 2.2B). Including planned projects, we start on a solid business foundation of $2.23M (KRW 3.23B).
2Penetrating industrial markets. We will accelerate collaboration with Hyundai Motor's ZER01NE (SI) to solidify our position in the mobility AI market. Moving beyond simple processing, we will commercialize data quality management automation solutions to transition to a high-value revenue structure.
3Leading the national 'Physical AI' market. We will proactively participate in the Physical AI sector, which the government is driving as a national priority. By forming consortiums with experts across manufacturing, defense, and mobility, we will secure large-scale projects and build a distinctive ecosystem at the intersection of the physical world and AI.
Investment & Cash Flow
Pebblous is currently conducting an investment round at a pre-valuation of $12.4M (KRW 18B). Hyundai Motor's ZER01NE and Blue Point Partners have already confirmed participation at the same valuation. With approximately 9 months of stable runway secured as of early March, we are focused on attracting a strategic lead investor.
Closing
Shareholders, Pebblous has delivered a report card of 2x revenue growth and 80% profit improvement in the harshest market conditions. This is evidence that our technology is valued by the market and that our team has the ability to deliver on its promises.
In 2026, a massive wave called Physical AI is coming. Pebblous will become a core company providing data infrastructure at the very forefront of this wave. We will repay your trust with results.
Thank you.
March 2026
Pebblous Inc.
CEO Joo-Haeng Lee