Ripple Ai, announced on the 21st that it has been selected for the second round of the 2023 SBA Acceleration Program, organized by the Seoul Business Agency (SBA). The SBA Accelerating Project is a program that discovers startups with high growth potential and supports their growth through investment. Selected companies can receive investment support of up to KRW 500 million. This project was conducted through a total of three rounds of screening and evaluation, and two companies, including Ripple AI, were finally selected. Ripple AI is a startup founded by Professor Gunhee Kim, who leads the
FriendliAI, a leading generative AI engine company, is proud to announce the public beta release of PeriFlow Cloud. This powerful platform empowers users to run PeriFlow, an engine for generative AI serving, within a managed cloud environment. With its innovative approach specifically tailored to large language models (LLMs), the PeriFlow engine achieves remarkable improvements in throughput while maintaining low latency. This cutting-edge engine is built upon FriendliAI’s groundbreaking batching and scheduling techniques, which are protected by patents in the United States and Korea, includin
Photo : Junhyung Lee, CEO of Itgreen. To celebrate the launch of Tech Seoul, we started interviewing CEOs of Korean startups. Today, for the seventh time, We met .Junhyung Lee, CEO of Itgreen. Hello, Mr. Junhyung Lee, thank you for your time. We think this interview with Junhyung Lee, CEO of the pioneering multi-use container service provider Itgreen, will be very interesting and informative for Tech Seoul readers. Q. Please introduce your company. Offering a range of reusable container services, Itgreen aims to minimize resource consumption and promote sustainable practices across various sec
Fintech startup StepPay, which operates a specialized billing and payment solution for SaaS, announced on July 6th that it had successfully completed the Pre-A 2nd round of investment. This round of investment was participated by KB Investment, Medici Investment, and Primer Sazze Partners. StepPay, having previously secured investment during a period of minimal VC funding last October, successfully garnered additional investment in less than a year, demonstrating its service's value and potential even amidst challenging times. As a result, StepPay raised $3.7 million in the Pre-A round, culmin
credit : Itgreen Itgreen Co., Ltd., a pioneering multi-use container service provider, is excited to announce the successful completion of its pre-Series A investment round and its selection for the prestigious Technology Innovation Program for Startups (TIPS) by the Ministry of SMEs and Startups. High-profile investors such as the Korea Credit Guarantee Fund, SGC Partners, Aju IB Investment, and Lotte Ventures have shown faith in the company's vision and growth prospects, alongside existing shareholders. Although the precise value of the investment remains confidential, the firm acknowledges
Gridwiz, a Korea-based energy clean-tech company, announced the successful validation of its V2G (Vehicle to Grid) charging technology through the Smart Green Industrial Complex-Microgrid Project. An industrial complex in Changwon, Korea, is used as the project base to test whether electricity could be supplied to customers by leveraging hydrogen fuel cells, photovoltaic power, and other clean energy sources along with chargers and EV resources with ESS and V2G capabilities, without relying on utility power. As a project participant, Gridwiz’s role is to build and operate V2G charging stations
Photo : Alexey Girin, CEO of Starta Ventures Tech Seoul is publishing a series of interviews with CEOs of startups, accelerators, and VCs in commemoration of its founding. Today, for the sixth time, We met Alexey Girin, CEO of Starta Ventures, located in New York. Interviews were conducted in writing. Hello Mr. Alexey Girin, thank you for your time today. We think this interview with Alexey Girin, CEO of Starta Ventures, an early-stage VC fund and accelerator that has been working with international founders since 2015 and has invested in more than 215 startups around the world, will be very i
bookers, an ebook and audiobook B2B startup, announced the 13th that it has raised seed funding from accelerator bluepoint. The amount of the investment is undisclosed. bookers is a company that provides a subscription-type e-book platform for public and university libraries, elementary, middle and high schools, as well as corporations, local governments, and government agencies. It has been recognized for its competitiveness by building optimized marketing and sales channels based on its own technology and securing 115,000 books of content in the shortest period of time in the industry. Curre
APR Corp. (APR), a global beauty tech company, was valued at an enterprise value of about KRW 1 trillion by CJ ONSTYLE. APR (CEO: Byunghoon “Victor” Kim) announced that it has attracted a pre-IPO investment of KRW 1 trillion from CJ ONSTYLE (CEO: Sanghyun Yoon). This investment, which was solely executed by CJ ONSTYLE, is the second investment the company has attracted this year following the pre-IPO investment in March in which NH-Soo Investment Innovative Growth M&A Fund, SJ Partners, and Industrial Bank of Korea participated. CJ ONSTYLE’s investment is based on the recognition of APR’s
Photo: inny Kim (Co-Founder, Signature Label) and Benny Yahya(Co-Founder, Beauty Haul) in MOU Signing Ceremony, Beauty Haul HQ, Jakarta, Indonesia Global K-Beauty distribution startup "Signature Label" announced that it has signed an MOU for business collaboration with "Beauty Haul," the leading beauty distributor in Indonesia. The two companies plan to explore extensive cooperation opportunities regarding the distribution strategies for Korean beauty products entering the Indonesian market, following the signing of the MOU. Through this collaborative partnership, Signature Label and Beauty Ha
credit : SPASS, SPASS, a Korean company specializing in artificial intelligence (AI) medical solutions, said its AI-based sepsis diagnosis solution, SpassageQ, has received FDA 510(k) clearance, also known as pre-market notification, local news reports said. SPASS, a company specializing in artificial intelligence medical solutions, said on Tuesday that its AI-based sepsis diagnosis solution, SpassageQ, has received 510(k) approval also known as pre-market notification from the FDA. The approval of the AI-based sepsis diagnosis software, SpassageQ, demonstrates that the field of medical AI sol
Photo : Duck Hee Han, CEO of Quantit To celebrate the launch of Tech Seoul, we started interviewing CEOs of Korean startups. Today, for the fifth installment, we sat down with Duck Hee Han, CEO of Quantit. This interview was conducted in writing. Hello, Mr. Duck Hee Han, thank you for your time. We think this interview with Duck Hee Han, CEO of AI fintech startup Quantit, will be very interesting and informative for Tech Seoul readers. Q. Please introduce your company Quantit is an AI fintech company that provides wealth management services to the vast public based on a balanced pursuit of va
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