SK C&C partners with Storm Ventures to discover promising B2B startups

The South Korean company plans to expand its business in Silicon Valley

SK C&C's Kim Wan-jong, head of digital business (left) and Storm Ventures CEO Ryan Floyd 
SK C&C's Kim Wan-jong, head of digital business (left) and Storm Ventures CEO Ryan Floyd 
Jeong-Soo Hwang 1
2023-04-06 10:51:29 hjs@hankyung.com
Venture capital

South Korean IT services company SK C&C announced on Wednesday a partnership with American venture capital firm Storm Ventures to discover and collaborate with promising B2B technology startups.

The partnership aims to combine Storm Ventures' expertise in the digital market and new technology discovery with SK C&C's industry-specific digital information technology services (ITS) business capabilities to create a global digital innovation ecosystem.

Storm Ventures is a Silicon Valley-based venture capital firm that focuses on an early investment in B2B technology startups, with assets under management of $1 billion across seven funds. It has discovered and nurtured 12 unicorns, including the digital financial services platform, Solarisbank.

SK C&C plans to provide technical verification and optimal digital system application and expansion plans when Storm Ventures introduces its portfolio of promising startups.

The collaboration will focus on discovering business opportunities in the B2B AI-based sector, which is expected to see innovation with the emergence of giant AI.

The partnership with Storm Ventures is part of SK C&C's plan to accelerate the development of new digital ITS businesses by collaborating with other global venture capital firms to find promising startups. The company aims to improve the digital capabilities of Korean enterprise customers through cooperation with global promising startups.

Write to Jeong-Soo Hwang at hjs@hankyung.com
##SK C&C Storm Ventures #korea sk c&c #sk c&c silicon valley

SK C&C, Naver Cloud team up to boost AI services for Korean companies

SK C&C, Naver Cloud team up to boost AI services for Korean companies

SK C&C, a leading information technology service provider in South Korea, has announced a partnership with Naver Cloud to develop ultra-large artificial intelligence (AI) services for the Korean industry.The two companies have signed a "Super Large-Scale AI-based B2B Business Expansion Coo

SK C&C to build advanced info systems for Nongshim's overseas corporations

SK C&C to build advanced info systems for Nongshim's overseas corporations

South Korea's SK C&C, an IT services unit of SK Group, on Tuesday said it has started building next-generation information and communications (ICT) systems for overseas corporations of domestic food giant Nongshim Co.The project has SK C&C working on digital transformation for the ov

SK C&C joins hands with Microsoft for digital healthcare solutions

SK C&C joins hands with Microsoft for digital healthcare solutions

SK C&C, an IT services unit of SK Group, said on Thursday that it had signed an agreement with Microsoft Korea to advance into the global market for digital healthcare solutions and expand the industry ecosystem.According to the terms of the accord, "Medical Insight Plus Cerebral Hemorrhag

SK C&C to automate production process of SKC's US subsidiary

SK C&C to automate production process of SKC's US subsidiary

Absolics breaks ground for a glass substrate plant in Georgia, the US on November 1 (Courtesy of SKC) SK C&C announced on Wednesday that it will start a project to install a full-process automation system based on its smart factory platform I-FACTs Smart Vision at a semiconductor parts plan
(* comment hide *}