Conversational AI startup Rapeech attracts $4.4 mn investment
While executing large-scale projects with financial institutions and telecom firms, it launched a subscription service for SMEs
Hyung-Chang Choi
1
2024-05-20 12:38:53
calling@hankyung.com
Artificial intelligence
South Korean conversational artificial intelligence (AI) startup Rapeech announced on Sunday that it attracted an investment of 6 billion won ($4.42 million).
Major capital providers include the Korea Exchange (KRX), Korea Securities Depository, Korea Financial Investment Association, and Koscom, with the Konex Scale-up Fund managed by Capstone Partners and Timefolio Asset Management also participating as investors.
Rapeech, a company listed on the Konex market—a minor South Korean securities bourse exclusively for small- and medium-sized enterprises (SMEs) and startups—has been dedicated to research and development (R&D) in the voice sector for 20 years since its establishment in 2005.
As a conversational AI company in South Korea, it provides effective consultation and automation services utilizing various domestic and international AI engines.
The company undertakes large-scale projects with major financial institutions and telecom companies in South Korea.
Rapeech has also launched a subscription service aimed at small and medium-sized enterprises and SMEs this year.
Write to Hyung-Chang Choi at calling@hankyung.com
Major capital providers include the Korea Exchange (KRX), Korea Securities Depository, Korea Financial Investment Association, and Koscom, with the Konex Scale-up Fund managed by Capstone Partners and Timefolio Asset Management also participating as investors.
Rapeech, a company listed on the Konex market—a minor South Korean securities bourse exclusively for small- and medium-sized enterprises (SMEs) and startups—has been dedicated to research and development (R&D) in the voice sector for 20 years since its establishment in 2005.
As a conversational AI company in South Korea, it provides effective consultation and automation services utilizing various domestic and international AI engines.
The company undertakes large-scale projects with major financial institutions and telecom companies in South Korea.
Rapeech has also launched a subscription service aimed at small and medium-sized enterprises and SMEs this year.
Write to Hyung-Chang Choi at calling@hankyung.com