DeepSearch to attract 3 billion won in Series C investment

DeepSearch Inc. (CEO Kim Jae-yoon), who is developing an Artificial Intelligence Robo Analytics, said it has got a 3 billion won (approx. US$2.6 million) Series C investment from Stone Bridge Capital, Korea Investment Partners, Hyundai Technology Investment and Laguna Investment.

Through this investment, DeepSearch is planning to carry out a global portfolio investment project through Samsung Electronics’ Bixby in collaboration with the Singapore Exchange (SGX) and Global Mega Trend Index (GM) and WeInvest, which are Singapore’s robo-advisors, as part of its global expansion plan. In addition, it will add global data to its own service called ‘DeepSearch (www.deepsearch.com)’ and increase the number of people to develop it.

DeepSearch is a FinTech startup with a technology that automates the process of manually analyzing investments with complex data using Machine Learning. It searches and analyzes big data in financial markets in real time to seek investment target depending on investors’ intentions, and provides financial sector robo-analyst ‘DeepSearch’(www.deepsearch.com)’ which enables deeper analysis of the companies to be invested.

Since its launch in 2013, the financial information platform ‘SNEK’ (www.snek.ai) has provided refined information and insightful investment opinions using various big data analytics technologies and machine learning. It is planning to provide financial and corporate information services through Samsung Electronics’ Bixby in the first half of 2019 and will provide new user experiences that process investments through voice with global investment.

“We are currently expanding the use of DeepSearch from pre-emptive crisis response by banks and insurers to asset debt management through a business partnership with large financial institutions, and we want to compete proudly in the Asian market as a Korean FinTech firm through our advance into Singapore in 2019,” CEO Kim Jae-yoon said.

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