Kakao Enterprise has attracted an investment of 100 billion won from Korea Development Bank. Kakao Enterprise was evaluated at over 1 trillion won in corporate value in its first investment.
Kakao Enterprise is a B2B IT service company operated by Kakao. It provides IT services for companies based on AI technology. Representative products include collaboration solution’Kakao Work’, cloud computing service’Kakao i Cloud’, and artificial intelligence platform’Kakao i’. ‘Kakao Work’, a collaboration solution launched in September of last year, exceeded 100,000’Workspaces’ within three months of launch. ‘Kakao i Cloud’ is currently being applied within the Kakao Group, and will be released to the general market in the first half of this year.
According to Kakao Enterprise, prior to the KDB investment, Kakao Enterprise was given the highest grade as a result of conducting a preliminary technology evaluation. The company said that it was a result of high evaluation of Kakao Enterprise’s technology, growth potential, and digital transformation support capabilities.
Lee Dong-geul, chairman of the Korea Development Bank, said, “The industry is the largest scale-up investment in domestic innovative companies, and it is meaningful that it has started to foster the innovative industry through domestic capital.” .” He said.
Sang-yeop Paik, CEO of Kakao Enterprise, said, “Using Kakao Enterprise’s innovative DNA and IT technology, we will become a company that leads the digital transformation of all industries in Korea.” “With an advanced artificial intelligence engine and global top-notch talent, We will enter the AI platform ecosystem that represents the company.”
Written. Byline Network
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