DeepBrain AI Raises $44 Million in Series B

by Kay Aloha Villamor in August 23rd, 2021

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 

Raised: $44.0m

Round: Series B

Funding Month: August 2021

Lead Investors: Korea Development Bank 

Additional Investors: 

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.

Source: https://venturebeat.com/2021/08/09/deepbrain-boosts-ai-powered-virtual-avatars-with-44m-raise/

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