Natural language understanding artificial intelligence solution startup Organize has attracted a total of 10 million dollars (approximately 11 billion won) investment from Atineum Investments, Stonebridge Ventures, Japanese SMBC, and Korean/US/Japanese investors.
Allgoise recorded a cumulative investment of about 15 million dollars (about 16.5 billion won) through this investment. Allgoise raised $1 million from Japan’s Global Brain in 2017 and $3.4 million from SparkLab Ventures, Base Investment, Laguna Investment, and Fast Investment in 2019.
Allgois is a cognitive search solution and answer bot that automatically answers questions from customers and employees using Q&A (FAQ) built in-house or atypical text documents such as MS Word, PPT, Excel, PDF, etc. without prior data tagging. Alli (Ali) is provided in the form of SaaS. Korea’s KB Securities, Hyundai Card, Smilegate, Japan’s SMBC, Kao, and JPower, as well as America’s Travelers, are growing rapidly by securing more than 100 enterprise customers in the world.
It is worth noting that Japanese customer SMBC participated in this investment. Mitsui Sumitomo Financial Group (SMBC), one of the largest financial holding companies in Japan, has confirmed Allgois’ technology through thorough verification. In the future, it is expected to be expanded and utilized by all group companies, and participated in this investment for multilateral cooperation with Organize.
Through this investment attraction, Allgois plans to globally implement developer recruitment and sales organization expansion. Organize, which has successfully established a home-working system for all organizations globally in Korea, the United States and Japan, is recruiting engineers, marketing, and sales talent who can work together regardless of the country or region of residence in the future.
Kim Je-wook of ATINUM, who led the investment, said, “With the interest in the introduction of existing AI and the recent popularity of telecommuting due to the coronavirus, companies are accelerating the introduction of natural language understanding AI solutions.” While there are not many startups showing prominence, we decided to invest by paying attention to the technology and business capabilities of Allgoes, which are consistently producing meaningful results in Korea, the United States and Japan.”
CEO Lee Chang-soo of Allgoise said, “For Allgoise, 2021 will be an important milestone for explosive growth in organizations and businesses. In the future, Allgoise is a natural language understanding AI solution that has been proven through Korean, US, and Japanese clients over the past few years. “We will do our best to become a success case for a global AI SaaS company by further upgrading it.”
