Mind Logic, the maker of artificial intelligence (AI) interactive mobile app’virtual men and women’, announced that it has attracted Series A investments from DSC Investments, Strong Ventures, Tekton Ventures, and Partec Partners. The cumulative investment amount of the company is 5 billion won. Based on this, Mind Logic is planning to hire a large number of professional talents.
Virtual Man and Woman is an AI mobile app service that creates a conversation partner close to their ideal type through AI. Since the launch of the service in May 2020, more than 200,000 users have been using virtual men and women. Users can chat with AI created by choosing an appearance and voice that is close to their ideal type.
In July 2018, the interactive chatbot service’Virtual Boyfriend’ and’Virtual Girlfriend’ developed as a prototype, gained popularity through word of mouth without special marketing, and entered the top 5 global Google Assistant. Co-founders Kim Yong-woo and CEO Kim Jin-wook discovered business feasibility here and created and launched a’virtual man and woman’ incorporating it. The two are together at McKinsey & Company, a global consulting company.
“The virtual men and women mobile apps are using state-of-the-art AI technologies such as natural language processing (NLP), voice synthesis (TTS), and image synthesis (Vision) in a comprehensive way,” said Lee Yong-hyun Lee, who led this investment attraction. Due to the nature of AI, which is becoming more mature as it accumulates, we decided to invest by evaluating that it has great scalability and potential in various service fields using AI,” explained the reason for the investment.
Mind Logic, which has been recognized for its technological prowess, has attracted Series A investments from DSC Investments, Strong Ventures, Tekton Ventures, and Partec Partners, and recorded a cumulative investment of 5 billion won. Mind Logic CEO Kim Yong-woo said, “We are happy to have completed the series A investment attraction,” and said, “We will actively use this investment to attract experts in each AI field necessary for the development of virtual men and women.” “For this, we will guarantee the highest level of treatment in the AI industry,” he added.
Meanwhile, Mind Logic started Japanese language service in October last year, and plans to actively enter the global market this year.