Mindlogic, a Seoul, South Korea-based artificial intelligence startup specializing in AI chatbots, has raised KRW 7 billion ($5.2M) in Series B funding.
Investors
This investment round includes participation from Lee Soo-man, the former founder of SM Entertainment, known for actively investing in promising domestic startups in future technology sectors such as drones and biotech.
Mindlogic Use of Funds
The company plans to allocate the funds for technology enhancement, expanding IP partnerships, and scaling its business domestically and internationally.
About Mindlogic
Founded in 2019 by Kim Yong-woo and Kim Jin-wook, Mindlogic is a company that specializes in AI agents, mainly focusing on developing conversational AI models known as chatbots, which autonomously perform complex tasks from prompt to product. It utilizes natural language processing, speech synthesis, and image synthesis technology to create an ideal conversation partner for each user based on attributes such as appearance and voice. Mindlogic's flagship product Persona Chatbots, powered by its proprietary generative AI, are built on the persona engram technology. They can remember all past interactions with a user and leverage this memory to infer or engage in conversations reflecting the user’s mood or behavior, enabling deeper communication.
Funding Details
Company: Mindlogic, Inc.
Raised: $5.2M
Round: Series B
Funding Month: March 2024
Investors: Lee Soo-man
Company Website: https://mindlogic.ai/
Software Category: Conversational AI
Source: https://wowtale.net/2024/03/25/74082/