Naver newly in­vests in 3 promis­ing tech star­tups

The Korea Times - - BUSINESS -

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.

Newspapers in English

Newspapers from Korea, Republic

© PressReader. All rights reserved.