Naver newly invests in 3 promising tech startups
An accelerator for tech startups operated by the country’s largest internet portal operator Naver Inc. said Friday that it has made new investments in three promising startups, as part of its ongoing efforts to support promising entrepreneurs.
Naver’s D2 Startup Factory, also known as D2SF, said that it has selected the three startups in the fields of artificial intelligence (AI), digital health care and mobility for its accelerator program.
The amount of investment has not been disclosed.
“The three startups have distinguished technology and business skills,” said Yang Sang-whan, an official in charge of D2SF. “We will continue to support them so that they can further grow and explore ways to grow together.”
Since 2015, Naver has supported promising entrepreneurs with advanced technological skills. A total of 35 startups have so far qualified for the Naver’s accelerator program out of more than 2,000 applicants.
Among the startups is Espresso Media that utilizes deep learning, a type of AI technology, to convert low-resolution images and videos into high-resolution ones.