DeepBrain AI (formerly Moneybrain), a conversational AI startup based in Seoul, South Korea, has raised $44 million in a Series B round led by Korea Development Bank at a post-money valuation of $180 million.
The capital will be used to expand the company’s customer base and operations globally, CEO Eric Jang said in a statement, with a particular emphasis on the U.S.
Company: DeepBrain AI
Round: Series B
Funding Month: August 2021
Lead Investors: Korea Development Bank
Company Website: https://www.deepbrainai.io/
Software Category: Conversational>AI
About the Company: Founded in 2016, DeepBrain offers video and speech synthesis and chatbot solutions to 22 enterprise customers including, MBN, Metro News, and LG HelloVision as well as KB Kookmin Bank and education service provider Kyowon. Using a combination of AI technologies. DeepBrain creates what it calls “AI humans,” or avatars that can respond to questions in a person’s voice. To create an “AI human,” DeepBrain captures video of a human model in a studio and trains a machine learning system.