Coxwave, the company behind Coxwave Align, announced it has closed $5 million in Pre-Series A funding to accelerate development of reliability and governance capabilities for AI systems as enterprises push more agentic tools into high-stakes workflows.
The round was led by L&S Venture Capital, with participation from existing investor KB Investment and new investors Hyundai Venture Investment, Hyundai Motor Company’s ZERO1NE Ventures, and KDB Capital. Coxwave said the financing brings its total funding to $8.6 million.
Investors pointed to Coxwave’s technical depth in AI reliability, traction in Korea’s generative AI market, and what they described as growing global demand for tools that can evaluate, monitor, and control AI behavior in production environments. The company said its technology has also been validated through collaborations with Anthropic and NVIDIA.
Founded in 2021, Coxwave started in AI product analytics and user analytics for conversational AI systems, and said it became the first company in Korea to successfully exit a generative AI product in 2023. Its Align platform currently supports user analytics and feedback-driven evaluation for conversational AI products, helping operators measure and improve performance using signals such as conversation satisfaction and interaction patterns.
With the new funding, Coxwave plans to move Align beyond monitoring into active AI agent governance. The enhanced platform is expected to track agent behavior in real time, detect anomalies, and support rapid intervention when issues emerge—positioning Align as “AI guardrails” designed to help enterprises operationalize governance frameworks for deployed AI agents.
Alongside product expansion, Coxwave said it will continue scaling its AX (AI transformation) consulting business, which has delivered projects across e-commerce, the public sector, and professional services. The company said it has worked with clients globally including PwC India, Meta, Microsoft, and Economic Times, supporting efforts to integrate AI into core business operations.
How the funding will be used: Coxwave said the funding will be used to deepen technical capabilities across its reliability and governance stack while expanding consulting delivery, with the goal of supporting more enterprise deployments and broader AI transformation initiatives.
KEY QUOTES:
“AI agents are increasingly being deployed in sensitive domains like financial transactions, medical consultations, and legal review, creating urgent demand for comprehensive reliability and governance solutions. Coxwave has built substantial technical capabilities and data infrastructure through its AI product analytics work, with its technology validated through collaborations with global leaders like Anthropic and NVIDIA. The company is well-positioned to meet the rapidly growing enterprise demand for AI reliability and governance.”
Doohyun Jang, Executive Director, L&S Venture Capital
“Our goal is to strengthen both AI reliability technology and AX consulting to help our clients establish leadership in their respective industries through AI. This investment will enable us to advance our technical capabilities and support more companies in achieving successful AI transformation with our proven expertise.”
Joowon Kim, CEO, Coxwave
