RAPEECH Secures 6 Billion KRW in Funding
RAPEECH, a Seoul, South Korea-based company specializing in conversational AI, has secured 6 billion KRW in funding.
RAPEECH, a Seoul, South Korea-based company specializing in conversational AI, has secured 6 billion KRW in funding.
Investors
The investment round was led by the KONEX Scale-Up Fund, managed by Capstone Partners, with contributions from the Korea Exchange, Korea Securities Depository, Korea Securities Dealers Association, Koscom, and others. TIMEFOLIO Asset Management also participated as an investor.
RAPEECH Use of Funds
The company plans to use the funds for advanced R&D investment and the launch of new services.
About RAPEECH
Founded in 2005, RAPEECH is an artificial intelligence technology company that provides callbot and interactive voice response systems, voice and speech recognition, and speaker recognition establishment and operation services. Utilizing various AI engines both domestically and internationally, the company offers AI consulting and AI automation services in Korea. This year, RAPEECH launched a subscription-based AICC service tailored for SMEs and small business owners. Following the release of ChatGPT, RAPEECH introduced ConvAI v1.0, a service designed to help users navigate the choice among various LLM engines provided by major platforms.
Funding Details
Company: rapeech Co., LTD.
Raised: KRW 6.0B
Round: Unknown
Funding Month: May 2024
Lead Investors: KONEX Scale-Up Fund
Additional Investors: Korea Exchange, Korea Securities Depository, Korea Securities Dealers Association, Koscom, TIMEFOLIO Asset Management
Company Website: https://rapeech.com/
Software Category: Conversational AI
