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Corporation
navercloudcorp.com

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Investments

5

Partners & Customers

7

About NAVER Cloud

NAVER Cloud provides cloud-based information technology services for leading businesses from startups to enterprises.

NAVER Cloud Headquarters Location

117, Bundangnaegok-ro, Bundang-gu, Krafton Tower

Seongnam, 13529,

South Korea

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Latest NAVER Cloud News

Naver’s hyperscale AI expedites commercial advance with hundreds of clients2022.07.20 12:09

Jul 20, 2022

Naver’s hyperscale AI expedites commercial advance with hundreds of clients 2022.07.20 12:09:24 | 2022.07.20 12:10:29 Receiver [Source: Naver Corp.] South Korea’s information technology (IT) giant Naver Corp. is speeding up commercial deployment of its hyperscale Korean-language artificial intelligence (AI) model Hyper Clova as a growing number of companies join to use the AI platform to create AI services for their own customers. Naver said on Tuesday a total of 600 companies, including 100 startups, have so far applied for Clova Studio Beta, which was released through Naver Cloud in February. Clova Studio is a no-code platform based on Naver’s advanced AI model Hyper Clova. Business subscribers use Clova Studio to create their own AI services with human-level language intelligence by adding a few lines of example sentences and words without complex coding. [Source: Naver Corp.] Universe Stationery, a local startup, recently launched ‘Tory AI’, a Clova Studio-based writing assistance AI system for rookie writers. Wrtn Technologies is another Korean startup member of Clova Studio. The company’s Wrtn Training service is designed to allow users to practice writing repeatedly. Naver is aiming for an official launch of Clova Studio within this year with a monetization model similar to that of OpenAI, co-founded by Sam Altman, Tesla CEO Elon Musk, Greg Brockman, Ilya Sutskever, Wojciech Zaremba and John Schulman. OpenAI charges on a per-token basis, where one token is roughly four words. Naver is also active in a state-funded project. The company plans to provide Clova Studio to local public institutions, labs, and schools through its platform. Naver is also using Clova Studio for its own services such as online search and shopping. It uses Clova Studio to create marketing phrases for shopping items, recommend gifts or messages, and extract keyword reviews by industry. By Lim Young-shin and Minu Kim WED

NAVER Cloud Investments

5 Investments

NAVER Cloud has made 5 investments. Their latest investment was in Huniverse Global as part of their Series B on June 6, 2022.

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NAVER Cloud Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/20/2022

Series B

Huniverse Global

$7.74M

No

1

5/16/2022

Corporate Minority

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10

3/8/2022

Corporate Minority

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10

9/16/2021

Series B

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$99M

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10

9/22/2020

Series A

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$99M

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10

Date

6/20/2022

5/16/2022

3/8/2022

9/16/2021

9/22/2020

Round

Series B

Corporate Minority

Corporate Minority

Series B

Series A

Company

Huniverse Global

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Amount

$7.74M

$99M

$99M

New?

No

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Co-Investors

Sources

1

10

10

10

10

NAVER Cloud Partners & Customers

7 Partners and customers

NAVER Cloud has 7 strategic partners and customers. NAVER Cloud recently partnered with Qualcomm on June 6, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

6/20/2022

Partner

United States

1

6/2/2022

Vendor

South Korea

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10

5/27/2022

Client

South Korea

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10

5/7/2021

Partner

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10

3/4/2021

Client

South Korea

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10

Date

6/20/2022

6/2/2022

5/27/2022

5/7/2021

3/4/2021

Type

Partner

Vendor

Client

Partner

Client

Business Partner

Country

United States

South Korea

South Korea

South Korea

News Snippet

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Sources

1

10

10

10

10

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