Naver

Old CRMs were complicated, expensive, and limited. Simpler, cheaper CRMs targeting SMEs have arrived.

SME CRM

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 Originally founded in Singapore, Deskera provides an all-in-one suite of cloud-based business management platforms including a Customer Relationship Management (CRM), Financial Management System (FMS), and Human Resource Management System (HRMS) specialized for SMEs. It’s CRM solution features lead generation, customer segmentation, marketing automation, customer forms and quotation builders, sales pipeline tracking, and an email helpdesk for after-sales operations. The solution can be integrated with Microsoft 365 for scheduling activities, contacts, and meetings. In addition, its FMS capabilities which include invoicing, multi-currency payment reconciliation, cash flow management, and financial and business reporting. Its HRMS provides solutions for payroll, leave, appraisals, and claims management. The firms solutions have a number of built in integrations including those with payment providers (Stripe, PayPal, and Paytm), logistics (FedEX and Unites States postal service), and e-commerce platforms (Amazon, Shopify, and Woo) to extend its capabilities. In February 2020, the firm launched “Desk app”, an all-in-one mobile app that provided a single access point to all its solutions. 
 
 
 Deskera claimed that its integrated solutions are highly rated as it provides enterprise-level functionality with a “pay as you use” pricing model with no additional setup cost making it accessible to small businesses.
 
 
 Key customers and partnerships
 
 
 The firm's solutions are geared toward a variety of small businesses and startups across a number of industries including cafes and restaurants, e-commerce sellers, travel agencies, retail, and IT resellers. As of February 2020, Deskera’s solutions were used by 25,000 companies across 15+ countries while its mobile app had attracted 300,000 users as of July 2020. 
 
 
 Funding and Financials
 
 
 As of its last fundraising round in May 2019 where the firm raised USD 100 million in Series A funding from Naver Corp the firm was reportedly valued at ~USD 500 million.
 
 
 
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Using AI to automate, enhance and optimize marketing activities

Marketing Automation

Foursquare is a location-based technology platform that provides customer insights for brands based on location intelligence. Firms are able to leverage Foursquare's platform to plan and execute marketing campaigns while identifying its effectiveness in driving customer foot traffic to its locations. Foursquare’s customer targeting and segmentation solution allows marketers to conduct targeted marketing messages to customers, including sending push notifications based on customer location across a variety of channels.&nbsp;Foursquare is considered a first mover in the location-based industry and received the first-ever location-based advertising guidelines accreditation from the Media Rating Council (MRC) in August 2020. In May 2022, the firm launched what it claims to be a first-of-its kind <a href="https://sp-edge.com/updates/10533">closed-loop attribution</a> feature that can measure a customer's exposure to online and offline ads and match&nbsp; against customer actions such as in-store foot traffic, online shopping, and hybrid purchases to measure campaign success. In March 2023, the company unveiled <a href="https://sp-edge.com/updates/16888">Store ID,</a> a data enrichment tool that provides unique identifiers that link real-world points of interest (POIs) to corresponding data. In September 2024, the company unveiled <a href="https://sp-edge.com/updates/33539">Sales Impact,</a> which combines location data with purchase insights to measure a campaign's impact on sales. &nbsp;In&nbsp;<a href="https://sp-edge.com/updates/35600">October 2024</a>, Foursquare launched a geospatial intelligence platform in beta.As of September 2021, research by Forrester revealed that Foursquare’s customers had achieved an average return on investment (ROI) of 202% and a 47% reduction in cost per action (CPA) in reaching target audiences.In May 2019, the company acquired rival ad-tracking attribution tool “Placed” for an undisclosed amount. With the acquisition, Foursquare became the largest independent location attribution platform. Since then, Foursquare has gone on to do two more acquisitions. In May 2021, it acquired Unfolded, a location-based service that provides data visualization, enrichment, and geospatial data analysis, for an undisclosed amount.&nbsp;Key customers and partnershipsMore than 1,000 brands make use of Foursquare’s platform (as of September 2021) which includes Snapchat, Twitter, Apple, Uber, and Airbnb.The firm regularly enters into partnerships in order to broaden and enrich its product offerings. One of the most prominent examples is its partnership with Clear Channel Outdoor (a leading out-of-home (DOOH) advertising provider) in May 2021, to improve measurement and attribution of advertisements making use of this channel. In addition, the company has formed partnerships with Yelp (a crowd-sourced review site), Spotify (an audio streaming service), <a href="https://sp-edge.com/updates/11423">Constellation Network</a> (a Web3 framework for gathering location-based data on a blockchain) and a number of marketing automation and social media sites including with <a href="https://sp-edge.com/updates/10366">TikTok to measure in-store visits</a> to support retail businesses. In August 2023, the company partnered with <a href="https://www.taboola.com/press-release/foursquare">Taboola</a>, an AdTech platform, to connect native advertising to real-world visitation, enabling advertisers to measure the effectiveness of their campaigns and understand the customer journey for brands with brick-and-mortar locations.

Autonomous and connected technologies shaping the future of the auto industry

Auto Tech

Israel-based Innoviz Technologies develops LiDAR sensors and perception software specifically catering to autonomous vehicles. Its LiDAR product portfolio includes 1) “InnovizOne,” a solid-state LiDAR sensor specifically designed for autonomous vehicles with a detection range of up to 250 m and field of view (FoV) of 115 x 25 degrees; 2) “InnovizTwo,” a next-gen automotive-grade LiDAR sensor with a detection range of up to 300 m and FoV of 120 x 40 degrees; and 3) “Innoviz360,” a 360-degree LiDAR sensor with a detection range up to 300 m and pitched toward automotive and non-automotive applications.&nbsp;The company’s target market spans across the US, Europe, and Asia, and it had an order book worth USD 6.9 billion <a href="https://sp-edge.com/updates/14444">as of September 2022. </a>As of February 2024, Innoviz Technologies had 18 of Innoviz’s products protected by US patents.&nbsp;<a href="https://sp-edge.com/updates/26155">In January 2024, </a>Innoviz released a strategic realignment plan for its operations from Q1 2024, which included a reduction of its workforce by ~13% (about 60 employees) to lower expenses and enhance its financial longevity. This was to mainly consolidate expenditures by transitioning the InnovizOne program to series production and focusing on the InnovizTwo sensor and software suite.Key customers and partnershipsInnoviz Technologies has entered product collaborations with partners including Curium, a developer of automated calibration services for autonomous systems (August 2021); Ansys, a provider of simulation software (January 2022); Visionary.ai, a developer of software-based image signal processor technology (June 2022); Japan-based software company Kudan&nbsp;<a href="https://sp-edge.com/updates/14117">(October 2022)</a> and Mobileye (<a href="https://sp-edge.com/updates/37124">December 2024</a>) to obtain technology to be integrated with its LiDAR solutions.The company secured 15 pre-production orders and four series production customers as of September 2023. Its customers include Twinner, Whale Dynamics, Syracuse, BMW, <a href="https://sp-edge.com/updates/12378">Volkswagen, </a>and Delphi Automotive—of which BMW and Volkswagen were among the series production customers.&nbsp;Innoviz Technologies generated revenue of USD 20.9 million and reported an operating loss of USD 132.6 million during the year ended December 2023. The company has been listed on the Nasdaq since April 2021 via a merger with a special purpose acquisition company (SPAC), which valued the combined entity at USD 1.4 billion (December 2020).

Automation in clinical diagnostics to improve speed and accuracy in patient diagnosis and treatment.

Clinical Decision Support Systems

Lunit is a leading provider of AI-powered solutions for cancer diagnostics and therapeutics. The company's flagship product, Lunit INSIGHT, is a suite of AI solutions for radiology that has been approved for commercial use in Europe and the UK through the MDR CE and UKCA certifications obtained in November 2022. The suite includes Lunit INSIGHT CXR for chest X-ray analysis and Lunit INSIGHT MMG for mammography analysis. Lunit INSIGHT CXR can detect 10 chest abnormalities, including pulmonary nodules and pneumothorax, with 97-99% accuracy, while Lunit INSIGHT MMG detects breast cancer with 96% accuracy.
After receiving FDA clearance, Lunit's solutions are clinically used in approximately 3,000 hospitals and medical institutions across 40 countries as of March 2024. In April 2024, a study published in European Radiology demonstrated that Lunit INSIGHT MMG could potentially reduce radiologists' workload by nearly 70% and boost cancer detection accuracy by 30.5%, showcasing its ability to enhance operational efficiency and improve patient outcomes.
In May 2024, Lunit completed the acquisition of Volpara Health Technologies, a New Zealand-based company offering software for early cancer detection, for USD 193 million. The acquisition aimed to strengthen Lunit's presence in the US market and leverage Volpara's robust repository of over 100 million medical images to develop innovative solutions for cancer diagnostics.
Key customers and partnerships
Lunit has established strategic partnerships to expand its reach and integrate its AI solutions into healthcare systems worldwide. In March 2024, the company signed supply contracts with Chung Shan Medical University in Taiwan and Gleneagles Hospital in Singapore to provide Lunit INSIGHT CXR and Lunit INSIGHT MMG, respectively. These collaborations aimed to enhance lung and breast cancer detection in the East and Southeast Asian regions.
In November 2023, Lunit partnered with NTT DATA Singapore to introduce Lunit INSIGHT CXR to Singapore's public healthcare system through the AimSG platform, a national medical imaging AI initiative. The solution was piloted at Singapore General Hospital and Changi General Hospital, two major public hospitals, to enhance the efficiency of chest screening and provide innovative medical services with improved accuracy.
Lunit has also collaborated with leading healthcare technology companies, such as GE healthcare, Fujifilm, Philips, and Guardant Health, to deploy its AI products and leverage their distribution networks.

Deriving insights from uncommon data streams

Alternative Data

Foursquare is a leading location data and technology company that provides a suite of products and services designed to help businesses leverage location intelligence. Its core offerings include Visit Data, which reveals insights into consumer behavior based on real-world foot traffic patterns, and Audience Data, which categorizes consumers into distinct segments based on their lifestyles, shopping habits, and brand affinities.
Foursquare's technology powers various applications across industries, enabling businesses to personalize marketing efforts, enrich customer data sets, optimize advertising initiatives, and enhance location-based engagement strategies. Its proprietary "Pilgrim" visit detection technology adheres to high standards of data integrity, quality, and consumer privacy, with the data verified against over 14 billion place confirmations and refreshed annually with over one billion new confirmations.
As of June 2022, Foursquare's technology was embedded by over 125,000 developers worldwide, and its data solutions reached over 100 million user devices per month in the US. The company's acquisition of Placed in 2019 and Factual in 2020 further strengthened its position as a leader in location intelligence. In May 2023, Foursquare introduced the Foursquare Knowledge Graph, a first-of-its-kind geospatial knowledge graph that aims to improve data quality, enable higher-velocity innovation, and unlock critical insights for businesses.
Key customers and partnerships
Foursquare has established partnerships with various technology giants and leading brands, such as Apple, Uber, Snapchat, Twitter, Spotify, Airbnb, Coca-Cola, and JetBlue, who leverage Foursquare's location technology to power their business solutions. The company also collaborates with advertising platforms like The Trade Desk, Google's DV360, and LiveRamp, enabling businesses to integrate Foursquare's data into their existing channels and demand-side platforms.
In May 2022, Foursquare announced a collaboration with TikTok, allowing advertisers across the US and Canada to measure the effectiveness of their TikTok campaigns in driving foot traffic to their physical business locations using Foursquare's Attribution solution.

Using AI to mimic and understand human language

Natural Language Processing Tools

SoundHound AI, Inc. is a voice AI company specializing in speech recognition, natural language understanding, and sound recognition technologies. Founded in 2005 and headquartered in Santa Clara, California, SoundHound offers a range of products and services centered around voice-enabled technologies. The company's flagship product is the SoundHound mobile app, which allows users to identify songs by humming, singing, or typing lyrics. SoundHound also provides a comprehensive voice AI developer platform called Houndify, enabling businesses and developers to integrate advanced voice recognition capabilities into their applications and services across various industries.
In addition to its music recognition technology, SoundHound has expanded its offerings to include voice-enabled digital assistants and AI-powered solutions for automotive, connected home, and hospitality applications. The company's technology has been integrated into vehicles through partnerships with automotive manufacturers like Hyundai, Mercedes-Benz, and Honda, providing voice interaction capabilities for tasks such as music control, navigation, and hands-free communication. In December 2023, SoundHound's Dynamic Interaction drive-thru technology received recognition, winning the Automation & Self-Service Award for "Best Use AI."
SoundHound went public in April 2022 through a SPAC merger and is listed on the Nasdaq under the symbol SOUN. The company reported projected revenues of USD 31 million for 2022, with expectations of 50% year-over-year revenue growth in 2023. In December 2023, SoundHound acquired SYNQ3 Restaurant Solutions, a provider of voice AI for restaurants, in a USD 25 million deal, significantly expanding its presence in the restaurant industry.
Key customers and partnerships
SoundHound has established partnerships with several major companies across various industries. In the automotive sector, the company has collaborated with Hyundai, Mercedes-Benz, and Honda to integrate voice interaction capabilities into their vehicles. SoundHound's technology has also been adopted by Snap Inc., with the introduction of Voice Scan in the Snapchat app. Additionally, the company has partnered with Pandora to enhance music discovery through voice interactions in the Pandora mobile app.
SoundHound has expanded its reach through the acquisition of SYNQ3, which is expected to increase its customer base to include over 10,000 signed locations across drive-thru, fast casual, casual restaurants, and convenience stores. This acquisition encompasses more than 25 national and multinational chains. SoundHound has also collaborated with Toast in the hospitality sector, further diversifying its client portfolio.

Empowering Tomorrow's Innovations with Generative AI Infrastructure

Generative AI Infrastructure

FuriosaAI develops high-performance AI inference accelerators aimed at enterprise customers and hyperscale data centers. The company's primary focus is on creating efficient AI hardware complemented by a robust and flexible software stack. FuriosaAI's first-generation chip, WARBOY, completed development in July 2021 and was set to begin volume production in Q1 2023. The company has maintained a balance of hardware and software engineers since its establishment in 2017, emphasizing in-house full stack software development. This approach has enabled FuriosaAI to offer a robust and flexible compiler, along with an SDK that automatically optimizes and quantizes models, making it easier for clients to deploy their AI solutions.FuriosaAI has consistently submitted results to the AI chip benchmark, MLPerf. In the MLPerf Inference v2.0, the company improved its benchmark performance by 2x on the same silicon compared to the previous v1.1 submission, achieved purely through compiler enhancements. This demonstrates the company's commitment to continuous improvement and optimization of its technology.&nbsp;Key customers and partnershipsAs of July 2022, FuriosaAI was sampling WARBOY with customers in South Korea, including major tech companies and AI startups in various application fields. The company was also expanding its reach into the North American market with WARBOY.

Deskera Cloud ERP is an integrated cloud ERP suite designed to run your business on the cloud. Its solutions allow SMEs to track finances, manage customers, and hire and manage employees. Their modules include enterprise resource planning, customer relationship management, manufacturing resource planning, project management, and human capital management.

NXN Labs empowers individuals in crafting indistinguishable and sophisticated human images and videos. It goal is to empower people to seamlessly navigate this exciting, intertwined journey into a new era.

KREAM is a resale marketplace for authenticated limited-edition sneakers and streetwear. The platform of the company employs a bid-ask model with dynamic pricing mechanics and a thorough verification process, allowing buyers and sellers to trade limited releases in a secure manner.

Cenacle Soft is a provider of cloud-based healthcare technologies that aim to improve the patient experience. Through an interlocking system, the company's technologies create a suitable environment for doctors without the need for external programs, allowing hospitals to support their work anytime, anywhere, regardless of time or place.

Wallapop is a hyper-local mobile marketplace for buying and selling secondhand goods, primarily accessible via a mobile app. It uses a geo-localized technology that connects a community of 15 million users by offering an easy and convenient way to buy and sell items that are no longer used. The platform, which has found a second home for more than 180 million items, provides people with access to unique goods at great prices while extending the life of fully functional products. Since its inception, Wallapop has been committed to continuous innovation in the online classifieds industry and second-hand market and aspires to use technology to contribute to sustainability. The company is backed by investors Korelya Capital, NAVER, Accel, Insight Venture Partners, 14W, and Northzone. It was founded in Barcelona, Catalonia, Spain by Agustin Gomez, Miguel Vicente, and Gerard Olive in 2013.

NFTBank involves the creation of a digital asset in the form of a non-fungible token that builds and manages the entire portfolio in one place. They enable holders to overcome the illiquid nature of their instruments and help users better manage liquidity risk.

Brandi is a vertical commerce company that creates B2C and B2B platforms for fashion and beauty shopping. The company specializes in the fields of apps, app marketing, and online shopping platform. Brandi was founded in 2014 and headquartered in Seoul-t'ukpyolsi, South Korea.

Line Next is committed to advancing and expanding the worldwide NFT industry. LINE NEXT seeks to offer innovative digital experiences and pave the road for the future by utilising blockchain and NFT technology.

Interior Teacher is solidifying its position as a premium home styling service.

Ourbox is a logistics agency that provides total logistics solutions and fulfillment services for online sellers.

About Pet is an ecommerce firm that delivers food, bath, and beauty products for pets.

Pocket FM is an audio series platform that offers long-form audio entertainment. The company provides a refined listening experience through its audio-series format, which is based on broad and entertaining material. It offers audio series in genres such as fantasy, science fiction, romance, horror, thriller, and more. The programs are available in English and various other languages across the world, allowing viewers to access a wide range of content and communicate directly with producers worldwide, including podcasts.

TWO is a tech company that aims to redefine Human-AI Interaction through its proprietary multilingual and cost-efficient language models called SUTRA, and its own solutions and services powered by it.

New Vessel is to navigate the sea of e-commerce. We utilize our e-commerce and consumer branding experience and partner with world-class e-commerce experts.

Lunit, abbreviated from “learning unit,” is a venture company devoted to developing advanced software for medical data analysis and interpretation via cutting-edge deep learning technology. The company's main area of expertise lies in processing medical imaging data. It envisions a near future when its systems will greatly help physicians make accurate, consistent, and efficient clinical decisions, not limited to diagnoses, through our data-driven imaging biomarker technology.  The high level of our deep learning technology has been well demonstrated, ranked top 5 at ImageNet Challenge 2015, which is the world’s largest and most prestigious image recognition competition. What distinguishes our technology from that of other similar parties is the full accommodation of weakly labeled data, challenging the boundaries of human understanding in terms of pattern recognition.

Brandi sells clothes, cosmetics, and home interior products.

Z Enterprise is a finance and management firm that offers corporate financing, tax automation services, and computer and mobile apps.

Balaan is a platform that allows you to get the latest luxury goods in just 3 days at a lower price than overseas fasting by contract with a European local boutique

Dohands provides customized logistics services.

WeKeep is an online platform that offers e-commerce fulfillment solutions.

jeongyookgak produces and sells fresh meat.

B Factory is an online POD (Print On Demand) e-commerce company.

TVING is a South Korean online streaming service provider.

FuriosaAI delivers the performance for real-time AI services while achieving energy efficiency for the lowest operation cost at scale. They build the entire product on a solid core foundation because AI chips on the ground are doomed to fail when it comes to addressing the complex and rapidly changing requirement metrics of hyper scalers and enterprises.

HOWSER provides furniture construction and delivery solutions through an online infrastructure based on IT technology.

Bukalapak operates an e-commerce shopping portal intended to offer a wide range of consumer products. Its portal offers products across a range of categories alongside easy returns, flexible payment options like cash on delivery, credit or debit card transactions, and net banking, among others, enabling consumers to find and shop wide varieties of commercial and personal products. It was founded in 2010 and headquartered in Jakarta Raya, Indonesia.

Founded in 1983 as PT Elang Mahkota Teknologi (the Emtek Group), a company providing personal computer services, the Emtek Group has evolved into a modern, integrated group of companies with three main business divisions: Media, Telecommunications and IT Solutions, and Connectivity.   The Media Division consists of two free-to-air (FTA) television channels. SCTV is one of Indonesia’s leading nationwide free-to-air channels with audiences in excess of 160 million viewers in more than 240 cities across the country. The Jakarta-based O Channel provides free-to-air lifestyle and entertainment programming for the capital.   The Solutions Division provides a range of infrastructure and information, communication and technology solutions for the telecommunication, banking and retail payment industries, including service solutions for integrated VSAT, smart card infrastructure and the retail distribution of telecommunications services.

In recent years, information technology has taken the financial industries by storm. In 2015, the world’s largest investment bank, Goldman Sachs, has declared itself an IT company rather than a financial company. As times are rapidly changing, information and communication technologies are gaining traction. And soon, they will lead financial companies and gain new momentum as the alternative solutions to investment banking. QARA is a financial -technology company that provides online asset management service through the AI (artificial intelligence) deep learning technology. Based on the financial AI technology “Market Dreamer,” QARA provides service to both domestic and overseas B2B and B2C market since 2014.

OHouse is a all-in-one lifestyle platform that integrates content, community, and commerce. The company believes that beautiful homes can change peoples' lives for the better. Its mission is to help users decorate homes with fun, ease, and confidence.  OHouse revolutionizes the lifestyle(home furnishing and remodeling) market in Korea with its user-generated style gallery, which helps users discover their preferred styles before purchasing products. On top of the marketplace for home furnishing products, it provides home remodeling services. As the leading innovators of the home furnishing industry, Ohouse aims to become an lifestyle super application that provides the best customer experience. Ohouse won the Best App Award by Google Play in 2018, and its app is downloaded by more than 20 million users.

True Balance is a digital wallet owned and operated by Balancehero India Private Limited (BHI), that enables users to access utility bill payment, loan recharge, insurance, and other financial products. With 70 million users, True Balance aims to serve India with utility payments financial platform for the unbanked users to serve their money for living requirements. It was launched in 2014 by Mr. Charlie Lee as CEO, an alumnus of the University of Chicago.

INSUNGDATA engages in quick service, proxy operation, cargo, and leisure businesses.

CJ Logistics provides total logistics services for customers. CJ Logistics promises systematic and efficient operation based on advanced logistics infrastructure and consulting expertise.CJ Logistics offers industry-specific consulting based logistics services.

CJ ENM is a Korean entertainment and mass media company.

Studio Dragon is a drama studio produces drama contents across diverse traditional and new media platform.

Syte develops a product discovery platform designed to transform the way people search and shop online. It is a provider of visual AI technology that aims to improve retailers’ site navigation, product discovery, and user experience by powering solutions that engage and convert shoppers. The B2B enterprise's solution includes camera search, augmented site search, personalization engines, and smart in-store tools, empower shoppers to discover and purchase products instantly. Their camera solution enables shoppers to take a picture of a product that inspires them and search for visually similar products within a retailer’s site. Up to date, Syte has raised $71 million from investors including Viola Ventures, LG Tech Ventures, NHN Ventures, Kreos Capital, Naver Corporation, Commerce Ventures, Storm Ventures, Axess Ventures, La Maison, MizMaa Ventures, Magma, Naver Corporation, Line Corporation, Reimage Ventures, North Base Media, and KDC Ventures. In 2014, Helge Voss, Idan Pinto, Lihi Pinto Fryman, and Ofer Fryman established Syte in Tel Aviv, Tel Aviv.

Qualson develops mobile language learning services has succeeded in receiving funding from Samsung SDS, POSCO Capital, Softbank, Capstone, and DSC.

Carousell is a classifieds marketplace that allows people to buy and sell preloved items. It is a Singapore-based consumer-to-consumer marketplace app for iOS and Android. The Carousell marketplace has a diverse range of products across a variety of categories, including cars, lifestyle, gadgets, and fashion accessories. It has been ranked as the top Shopping app in Singapore, Taiwan, Hong Kong, and Australia, and is backed by leading international Venture Capitalists Sequoia Capital, Rakuten Ventures, 500 Startups, Golden Gate Ventures, and QuestVC. Launched in Aug 2012, Carousell began in Singapore and has expanded to 19 cities around the world, spanning 7 countries.

Giantstep is a studio which provides digital media and visual media production services such as feature films and commercials to clients.

SMTown is the umbrella name for the recording artists under South Korean entertainment company.

Sinsang Market is the No. 1 fashion B2B platform to connect S. Korean wholesale market with retail business all over the world. We are introducing an unparalleled selection of quality merchandises for our business partners. We supply and distribute South Korean clothing, bags, shoes, and accessories through our website.  We mainly focus on fashion wholesale market ”Dongdaemun”. Dongdaemun is the World's only fashion cluster, which design, production, and distribution are made within the 5~10km radius. There are a countless number of supply shops and fashion items, which will delight fashion people at any time.  11 thousand wholesale stores in South Korea are registered on our platform, and wholesalers are enjoying a great business experience with us as well as retailers. 80% fashion items in Dongdaemun are uploaded by wholesalers and 220,000 retailers can check out various merchandises without visiting the actual market because 24,000 new items show up on the platform every day.    Our mission is to save you the time, money, and effort spent on wholesale supply, as a Korean’s leading online wholesale company for B2B selling. We would like to help fashion retailers to access wholesales market easily in South Korea. We work hard to provide customer-centric service, focused on convenience in the user experience. We are constantly developing a range of services to ensure you have easy access to the best quality products available in the Korean fashion market.

Momocon is a digital video/audio content production studio and has currently developed a voice-based global social network service.

ichrogene is a genetic information analysis company that provides analysis of gene information and services based on a big data platform.

Spoon Labs provides the potential of creating material that enriches people's daily lives all across the world.

Southeast Asia's #1 Online Grocery Company & Asia's Best Company to Work For in 2019. Headquartered in Jakarta, Indonesia, we have expanded to Malaysia and Thailand and currently operate in many cities in the three countries since 2015. Grocery shopping can be difficult. Looking for a space to park your car, having to go through the isles to find your needs while pushing the trolley, waiting in line at the cashiers, and carrying the heavy bags—these are some activities that take a lot of time when you can spend it doing other things. Build to deliver a simplified life, our mission is to provide an easy grocery shopping experience with a high-quality service. With our trained personal shoppers, customers can shop from anywhere without having to worry about the freshness of their groceries. Every day, our team delivers the #FreshlyHandpicked groceries to thousands of doors to liberate lives!

Dynamic Yield helps companies quickly deliver and test personalized, optimized, and synchronized digital customer interactions. Marketing, Product, Development, and eCommerce teams from more than 350 global brands are using Dynamic Yield’s Experience Optimization platform as the technology layer on top of existing CMS or Commerce solutions, to iterate faster and algorithmically match content, products, and offers to each individual for the acceleration of long-term business value.

Founded in 2016, LetinAR Inc, a startup company made its appearance in the scene of Augmented Reality presenting a new paradigm-changing technology - PinMR™ lens. This technology was developed mainly to redress common failings found in current products; heavy and expensive hardware and deficient functions that inhibit the construction of real eyeglasses-shaped designs and render wearability and usability mediocre at best.

Draman Company is a Mobile-based startup offering a cloud-based business card management application. The company was established in June 2013.

Foursquare is a location technology platform offering business solutions and consumer products through a deep understanding of location. As a location intelligence company, Foursquare is comprised of two well-known consumer apps, Foursquare and Swarm, as well as thriving media and enterprise products. The platform leverages a deep understanding of location intelligence to unlock valuable insights about customers, enabling brands to understand and connect to targeted audiences as well as to measure foot traffic and advertising success. Its toolkit includes Foursquare Analytics; Placed powered by Foursquare; Pinpoint audiences; and Pilgrim SDK and Places API. Together, these products empower brands to analyze trends; measure foot traffic lift via multi-touch attribution; optimize advertising campaigns across hundreds of audiences; and drive deeper engagement via Foursquare’s industry-leading developer tools. Co-founders Dennis Crowley and Naveen Selvadurai established the company in New York, New York in 2009.

Theori, an offensive cybersecurity firm, is dedicated to innovating and solving complex cybersecurity challenges from a theoretical basis. Our mission is to create a safer world through advanced cybersecurity solutions. We embrace an offensive cybersecurity approach, which involves a proactive analysis of clients’ vulnerabilities from an attacker’s perspective, ensuring the delivery of optimal security solutions.

IPrice was set up to offer shoppers the widest selection of products and brands, provided by hundreds of partners in Southeast Asia. The company is driven by a mission to bring a greater level of transparency, convenience, and trust to the e-commerce market in Southeast Asia by making it easy for shoppers to compare prices, discover products, and get the best deals from thousands of online shops.   With the help and funding of the Asia Venture Group—investments include iMoney, Trusted Company, and Happy Fresh—iPrice quickly acquired international know-how, expertise, and talent in fields ranging from technology to online marketing to the business side of things. Focused on execution from its headquarters in Kuala Lumpur, the company has quickly expanded across seven markets, including Indonesia, Vietnam, Singapore, Hong Kong, Thailand, and the Philippines.

CoHive is Indonesia’s largest CoWorking space company, previously known as EV Hive. We offer cohesive working and living experience by providing the options of CoWorking, CoLiving, CoRetail and Event Space. Our goal is to be the biggest community builder in Indonesia, where we connect and enable startups as well as micro, small and medium enterprises - SMEs to grow their businesses. Currently, we have approximately 9.000 members working from 33 locations in four cities (Jakarta, Medan, Yogyakarta, and Bali) with a total of approximately 66.000 sqm. Around 80% of our members are startups and SMEs, while the rest are enterprises working in various industries. CoHive is managed by Jason Lee (Co-founder & CEO), Ethan Choi (Co-founder & CCO), Erich Hirawan (COO) and Iris Wee (CRO).

MakinaRocks is a global AI software startup specializing in analytics and performance management with machine intelligence. MakinaRocks offers enterprise MLOps (Runway) for the development and operation of AI models, as well as AI solutions such as anomaly detection and operational optimization to improve industrial productivity. The company was founded in 2017 and is based in Seoul, South Korea.

Triple is a travel data services startup.

72Seconds is a marketing and media production company.

The future of digital marketing is here. Take your business to the next level and achieve higher returns on your paid advertising. Adriel’s award-winning technology allows you to manage and optimize all of your digital marketing campaigns in just one place. By centralizing all communication channels and key data into one platform, we help your business deliver a uniform and efficient promotional message across all channels. Having worked with over 5,000+ companies worldwide, we designed a user-friendly virtual dashboard that allows for a comprehensive yet straightforward overview of your campaigns at just a glance. Discover the true status of your paid advertising. Combine data for cross-platform insights you can’t get anywhere else. Monitor your ROAS and adjust accordingly. Our software also provides real-time insights and suggestions through an alert system to catch green and red signals faster than ever before. Your Instagram campaign is trending today, but Twitter is a little slow? Seize opportunities and redirect your budget towards higher-performing creatives and channels with just a few clicks. We make it our mission to provide data in a format that is easy to understand and help your business reach its full advertising potential. From small business owners to Fortune 500 marketers, everyone achieves more with Adriel.

Brunt technology and Bruntman's products, with improved usability and design, create another new experience. It is a product brand that provides improved products through technology and design. For inquiries, email, telephone, and addresses are available on their websites.

Snow is the developer and operator of the selfie pic and video app SNOW, featuring face recognition-enabled stickers and GIF-enabled chat functionality. With SNOW, users pick from over 700 stickers and 30 types of filters to liven up their photos and videos, then send the finished product to their friends or post them within the SNOW app to give their friends a peek into what they are up to now. User numbers have been growing steadily since the app first launched in Korea, with service being expanded to Japan and China in November 2015 and February 2016, respectively. In Japan, the number of users has been growing rapidly, and the app has been ranked as No.1 in both iOS App Store’s free app Photo & Video category and Google Play’s Photography category.

The.Wave.Talk developed a biosensor that can detect and monitor impurities (bacteria) within a second.  420,000 people die of food-borne disease per year. Moreover, 10 million people will die of antimicrobial resistance by 2050. It's all about bacteria. It is the origin of life and 5 million-trillion-trillion bacteria are living together with us today. Bacteria are everywhere and every-time. Comparing to this, conventional technologies can detect bacteria only with sampling manner. Because they take long time(several hours up-to days) even with expensive tools.

Loplat is an offline data analytics company that specializes in indoor positioning based on Wi-Fi. Wifi location-based technology tracks the user’s exact location without requiring devices such as a beacon, a small bluetooth transmitter. Retail stores can utilize the technology to track the user’s real-time location inside the store. Loplat collects the data and provides analysis of the collected data for the company. With Loplat’s solutions, companies can offer location-based services to their customers and develop marketing strategies taking into account traffic flow and visiting history. Loplat released the crowd-sourcing app ‘Cash Place,’ collecting wireless location data and keeping information about new and closing stores up to date.

Social Creators Platform. Creators meet their fans and sell own works in OGQ market. 14M creators including photographer, videoist, musician, illustrator and font-creator. 30% Users are comprised of US, India and Russia mainly. All images, videos, musics like BGM, stickers and fonts are provided to Messengers, Search and Portal platforms globally. 240M app downloaded, 2.6B contents downloaded, 4.6 rating in Google Play, 30 languages applied.

Geekble is a media startup that produces new media content on science and technology to bridge the gap between geeks and the world. With revenue from workshops and branded content, Geekble is building its own ''maker space'' for geeks to experiment. Teachers and professors are using Geekble's content for educational purposes, and Geekble videos have been used for public TV.

Poolus is a ride-sharing services company.

Remember is the number one business card management application in Korea that secretary inputs directly when you take a business card.

WOOWA BROS (우아한형제들) is a Korean developer of smartphone applications and advertising platforms. Its service portfolio also includes local marketing and web services solutions and products, such as a sports events app and a food delivery app.  WOOWA BROS was established in March 2011 in Seoul, Korea.

Innoviz is a manufacturer of solid-state LiDAR sensors and perception software that enable the mass-production of autonomous vehicles. InnovizPro is a solid-state LiDAR that offers outstanding performance and value for automotive and other applications. InnovizOne is a cutting-edge, automotive-grade LiDAR sensor that provides superior 3D sensing for Level 3-Level 5 autonomous driving.  The company is backed by top-tier strategic partners and investors, including Magna International, Samsung, Aptiv, Magma Venture Partners, Vertex Ventures, SoftBank Ventures Asia, China Merchants Capital (SINO-BLR Industrial Investment Fund, L.P.), 360 Capital Partners, Glory Ventures, Naver,  Shenzhen Capital Group, New Alliance Capital, Harel Insurance Investments and Financial Services, Phoenix Insurance Company, and others.

Appier is a technology company providing an AI-powered platform to brands and retailers to help increase customer engagement. The company makes it easy for businesses to use artificial intelligence to grow and succeed in a cross-screen era. It also offers a platform that facilitates real-time bidding and programmatic media buying, artificial intelligence, data, and cross-screen targeting solutions. Appier also provides deep learning to help publishers and brands discover new audiences for their products. Appier’s products help retailers retain customers and advertisers understand and capitalize on consumer tendencies, predicting user behavior using its AI platform. The company uses a technology known as automated machine learning that enables clients to better target users without the hassle of hiring specialized AI engineers. Appier serves around 1,000 global brands and agencies from offices in 14 markets across Asia, including Taipei, Singapore, Kuala Lumpur, Tokyo, Osaka, Sydney, Ho Chi Minh City, Manila, Hong Kong, Mumbai, New Delhi, Jakarta, Seoul, and Bangkok. It was founded in 2012 and is headquartered in Taipei, Taiwan.

4DReplay provides time-slicing videos that showcase any-time, any-angle highlights with an unprecedented level of detail. They specialized in developing a 4D video solution, comprised of a set of 4K cameras and video editing software. 4dReplay is a highly advanced and easy-to-use four-dimensional time slice video production system.

Crowdworks is challenging the current time-consuming Machine Learning workflow and establishing a new paradigm for AI model training. We provide AI training data platform with Auto-ML features and qualified 0.5M labelers to increase human-powered data accuracy. Over 430 AI leading companies have used our solution to rapidly train and deploy cutting-edge AI service.

Mesh Korea is an IT-based logistics startup, which established Korea's first last-mile logistics network and became the primary provider of integrated logistics services with in-house logistics solutions.  VROONG, Mesh Korea's logistics brand, creates new value not only by providing delivery services, but also by connecting information. Currently, VROONG provides four services; premium delivery services, 'VROONG Prime', integrated logistics management solution, 'VROONG TMS', premium fresh food delivery services, 'VROONG Fresh', and premium delivery magazine, 'VROONG Collection.'  With more than 80 VROONG Stations and 13,000 riders across the nation, VROONG provides faster and more accurate delivery services.

Mirae Asset Global Investments is a global asset manager providing innovative investment solutions to clients worldwide. The company originally established in Asia in 1997 has since expanded its presence in 12 countries from Australia to Hong Kong to the United States. Their goal is to provide their clients with insightful financial strategies for all of their investing and financial needs. Their scope of services includes traditional equity & fixed income products, ETFs, and other alternative strategies like hedge funds. They strive to maintain a diversified platform that will benefit their clients and allow us to offer an insightful and research-driven approach to managing their assets.

Orfeo SoundWorks is an engineering-driven research & development company that designs audio devices to provide high quality sound and uninterrupted communications to its customers.  Founded in 2015 in Korea, the company now has offices in the United States and South Korea. Its business domain splits into premier noise-blocking Bluetooth earphones and B2B audio solutions.

Provider of on demand drug delivery platform intended to create a better experience for patients at a lower price. Nimble partners with pharmacies nationwide to provide prescription delivery, as well as a mobile app for patients to manage and review prescriptions/orders from their phone.

YG Entertainment, the entertainment company established by Yang Hyun Suk, of the popular Korean act Seo Tae Ji and Boys, has been at the forefront of the popularization of hip-hop music in Korea. From its inception, YG Entertainment has been the birthplace of some of Korea’s most popular and well-respected artists, from YG’s earlier artists such as JINUSEAN and 1TYM, to the immensely successful current acts, BIGBANG and 2NE1. The company has flourished by creating a family-like atmosphere where ideas on music, fashion, art and culture are exchanged freely between the artists, producers and staff members alike. The YG Family also includes a respected roster of actors and actresses, including actress and director, Ku Hye Sun, best known for the popular TV-drama “Boys Over Flowers” and Jeong Hye Young.

SoundHound focuses on the development of voice-enabled AI and conversational intelligence technologies.

Open Gallery aims to be a communication space between art and the public. The company introduces works of competent domestic artists and display their works in various spaces with reasonable price rental method.

UrbanPlay designs cultural city of emotion by solving urban issues through accessible technology.

Devialet is an audio tech company that offers solutions ranging from ADH intelligence to sound amplification. The company's mission is to make Devialet audio technology universal. It has developed a pair of wireless earbuds called Gemini.  The company was founded in 2007 and is based in Paris, Ile-de-France.

Mindslab is an artificial intelligence application platform.

Vendys offers mobile meal management solution for office workers.

Naver operates as a search engine and e-commerce platform providing fintech, digital content, and cloud services. The company introduces innovative search services such as ‘Comprehensive Search,’ ‘Knowledge iN,’ and ‘Real-time Rising Keyword.' It also offers UGC services such as Blog and Cafe; Junior Naver, a children’s portal; Happybean, an online donation portal. NAVER launched its Webtoon service in June 2004 and has pioneered the distribution and consumption of webtoons, also known as digital comics. In addition, NAVER also offers services for the global market, including the mobile messenger LINE through LINE Corporation, NAVER’s subsidiary; the video messenger Snow; and the group communication service BAND. NAVER is also involved in software development and distribution; performances and exhibitions business; mobile content development and distribution; search advertising; internet commerce and customer service business; the operation and security services of IT infrastructure; operating online shopping services, and mobile applications marketing. Lee Hae-Jin and Lee Joon-ho headquartered the company in Seongnam, Kyonggi-do, South Korea in 1999.

<div> Naver Corporation (KRX: 035420) is South Korea's leading internet company, best known for operating the country's most popular search engine and web portal. Founded in 1999 by former Samsung employees, Naver has grown to dominate the Korean online market. Naver offers a wide range of services including: <ul> <li> Search engine </li> <li> Web portal </li> <li> Email </li> <li> News aggregation </li> <li> ecommerce platform (Naver Shopping) </li> <li> Digital content (Naver Webtoon) </li> <li> Cloud computing </li> <li> Messaging (Line) </li> <li> Social media </li> <li> Artificial intelligence </li> </ul> As of September 2023, Naver controlled 59% of Korea's search market compared to Google's 31% share. The company's success is attributed to its deep understanding of Korean language and culture, allowing it to provide more relevant local results than global competitors. In recent years, Naver has expanded internationally through acquisitions and investments. Notable moves include purchasing US-based Poshmark for USD 1.2 billion in 2022 and investing in European resale platforms. The company is also developing AI technologies like its HyperCLOVA language model to compete with global tech giants. In 2023, Naver reported record revenues of 9.6 trillion won (USD 7.41 billion) and operating profits of 1.3 trillion won. </div>

Naver's MY Place Evolution: AI-Powered Local Platform Launch

Exploring the limitless possibilities of AI

Generative AI Applications

Companies that offer solutions to generate text from a prompt, where output is independent of previous interactions, such as specialized content creation tools

Companies that offer solutions to create and edit images and GIFs, including techniques such as inpainting, outpainting, upscaling, and stylizing

Companies that generate or synthesize voice and audio, including voice cloning, text-to-speech, and language translation

Companies that specialize in generating 3D content, including the creation of game assets (virtual worlds, non-playable characters), product visualization, and other 3D models

Companies that offer solutions to create and edit video content, including scene generation, background replacement, stylizing, and frame interpolation

Companies that offer solutions to generate contextually relevant text responses across multiple conversational exchanges, such as natural language chatbots

Foundation Models

Foundation models that can handle a range of natural language processing (NLP) use cases. Typical tasks include generating summaries, translating, answering questions, and classifying text. These models typically use text inputs and generate text outputs.

Fine-tuned versions of large language models, which are focused on specific tasks and applications (e.g. code generation, medical event prediction, financial NLP tasks, etc). These are usually developed by training LLMs using custom data and also serve as foundation models that can be developed even further. These models typically use text inputs and can generate text and/or code outputs.

Foundation models that translate visual data based on features and contextual information identified during training. This enables models to interpret images and video, applying those interpretations to predictive or decision-making tasks. Typical tasks include image recognition and classification into categories. These models typically use image and/or video inputs and generate text outputs.

Foundation models that are trained to understand and work with two or more forms of input data (e.g., text and images) to solve problems and complete tasks using both natural language processing and computer vision. These models can also generate outputs across textual and visual modalities. Typical tasks include visual question answering, image captioning, and generating images based on text descriptions. These models typically use text and/or visual inputs and generate text and/or visual outputs.

Foundation models that use big data to suggest or recommend additional products to consumers. These models are designed to predict user-item interaction probabilities and provide recommendations to users. The models are trained to make these inferences based on historical data on customer interactions and non-interactions. These models typically use user features, item features and user interactions as inputs, and generate numeric values like ratings predictions and matching probabilities as outputs.

Foundation models that are capable of automatic speech recognition, transcription in multiple languages, and translation from these languages to English. These are sometimes referred to as audio models. These models typically use speech/audio as inputs and generate text outputs.

Foundation models that transform user text prompts into video clips.

Foundation models that generate music from text descriptions.

INCUMBENTS_PRESENT

PROMINENT_CATEGORY

<div>
 <ul>
 <li>South Korean mobility platform operator Socar Inc. and web portal company Naver Corp. have partnered to roll out a car-sharing service that harnesses the power of GenAI.</li>
 <li>Socar has integrated Naver's foundation model, HyperCLOVA X, into its service.</li>
 <li>The technology allows users to book vehicles via conversational AI, suggesting vehicle types and pick-up locations while providing information on service charges based on user-given details.</li>
 <li>Naver introduced HyperCLOVA in 2021 and an advanced version, HyperCLOVA X, in August 2023.</li>
 </ul>
</div>

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