Kakao Ventures, an early-stage focused venture capital firm based in South Korea, said on July 16 that it has invested 400 million won ($339,000) in cloud-based artificial intelligence data platform SelectStar.
SelectStar collects and analyzes data via its app Cash Mission in which users get rewards for their tasks. The results of missions are collected as data and verified through AI technology and then used to provide services to corporate clients. The company has so far served more than 30 companies including Kepco and LG CNS.
The company, founded by graduates of KAIST, a top research university here, said it has 2 million users in Korea and the Philippines.
“I hope SelectStar becomes a leading company with AI technology that understands people,” said Kim Ki-joon, a partner at Kakao Ventures.
By Park Ga-young (firstname.lastname@example.org)