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Corporate Venture
skta.com

Investments

33

Portfolio Exits

10

Partners & Customers

10

About SK telecom Ventures

SK telecom Ventures (SKTVC) is the North America-focused venture capital arm of SK telecom. The fund makes strategic investments in the areas of mobile platforms and infrastructures, semiconductors and enterprise solutions including computing, storage, and networking. SKTVC invests in early to mid-stage companies who are seeking to raise their first or subsequent rounds of strategic capital.

Headquarters Location

150 Mathilda Place Suite 450

Sunnyvale, California, 94086,

United States

408-328-2911

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Latest SK telecom Ventures News

SK Telecom to develop telco-optimised LLM with AI partner Anthropic

Aug 14, 2023

It is investing further in existing partner Anthropic The companies aim to develop a large language model (LLM) tailored for telcos The resulting LLM will be shared with the Global Telco AI Alliance SK Telecom has further cemented its reputation as an AI-native organisation with a $100m investment in existing partner Anthropic, a San Francisco-based company that is developing a generative AI (GenAI) platform called Claude. By working closely with, and helping to fund, Anthropic, SK Telecom is aiming to help develop a large language model (LLM) that is optimised for those telecom operators seeking to gain operational and competitive advantage from GenAI capabilities. The resulting AI stack will be shared with the Global Telco AI Alliance, the recently-formed industry group founded by Deutsche Telekom, e&, Singtel and SK Telecom – see CSP giants form Global Telco AI Alliance . The two companies are well known to each other: The South Korean telco’s investment arm, SK Telecom Ventures (SKTVC), has previously invested in Anthropic, which was founded by former OpenAI executives and which has so far raised about $1.5bn from a range of major names. The GenAI specialist’s most recent funding was announced in May this year, when it closed a $450m Series C round that included contributions from the likes of Spark Capital, Google, Salesforce Ventures, Sound Ventures and Zoom Ventures. Now SK Telecom is keen to build on Anthropic’s expertise to build a telco-focused multilingual LLM that supports interactions in Korean, English, German, Japanese, Arabic and Spanish. The development will be overseen by Anthropic co-founder and chief science officer Jared Kaplan. According to the South Korean telco, Anthropic will use its telecom sector expertise to “fine-tune Claude to telco use cases, including industry specific customer service, marketing, sales, and interactive consumer applications. By customising the model to the telco industry, telcos will benefit from increased performance relative to the use of more general models,” noted SK Telecom in this announcement . Sharing the telco-optimised version of Claude with the Global Telco AI Alliance will save all of the group’s operator members time and money as it means they won’t need to build their own LLMs, and enable them to “develop and offer AI services/apps customised to their respective markets and customers in a speedy and efficient manner,” noted SK Telecom. “By combining our Korean language-based LLM with Anthropic’s strong AI capabilities, we expect to create synergy and gain leadership in the AI ecosystem together with our global telco partners,” added SKT’s CEO Ryu Young-sang. The operator highlighted the ongoing development of its own LLM during its recent second quarter earnings report – see The path to being a DSP proves fruitful for SK Telecom . Anthropic co-founder and CEO Dario Amodei noted: “SKT has incredible ambitions to use AI to transform the telco industry. We’re excited to combine our AI expertise with SKT’s industry knowledge to build a LLM that is customised for telcos. We see industry specific LLMs as having high potential to create safer and more reliable deployments of AI technology.” Indeed, SKT has been positioning itself as an “ AI company ” since November 2022 and has made multiple investments in, and struck numerous partnership agreements with, multiple AI specialist companies around the world – see New partnerships fuel SK Telecom’s AI aspirations . The Anthropic investment and aspiration to develop a telco-optimised LLM signal just how important AI is becoming to the future operations of innovative operators such as SKT and its alliance partners. Quite how such developments will help to shape the telecom sector will be one of the topics discussed during the upcoming AI-Native Telco Summit (18-19 October) that will expand on the discussions held during the DSP Leaders World Forum 2023 session entitled Creating a framework for the AI-native telco – see Towards the AI-native telco . In the meantime, it’ll be interesting to see whether this new development from SKT attracts additional members to the Global Telco AI Alliance. - Ray Le Maistre, Editorial Director, TelecomTV Related Topics

SK telecom Ventures Investments

33 Investments

SK telecom Ventures has made 33 investments. Their latest investment was in GGWP as part of their Seed VC - II on July 7, 2023.

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SK telecom Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/19/2023

Seed VC - II

GGWP

$10M

Yes

1

5/23/2023

Series C

Anthropic

$450M

Yes

9

7/20/2022

Series A

Inworld AI

$50M

Yes

3

1/20/2022

Series C - II

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$99M

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10

6/4/2020

Series B - III

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$99M

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10

Date

7/19/2023

5/23/2023

7/20/2022

1/20/2022

6/4/2020

Round

Seed VC - II

Series C

Series A

Series C - II

Series B - III

Company

GGWP

Anthropic

Inworld AI

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Amount

$10M

$450M

$50M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

9

3

10

10

SK telecom Ventures Portfolio Exits

10 Portfolio Exits

SK telecom Ventures has 10 portfolio exits. Their latest portfolio exit was MobiledgeX on April 29, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

4/29/2022

Acquired

$99M

3

4/22/2022

Asset Sale

$99M

8

5/5/2021

Acquired

$99M

13

8/21/2020

IPO

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$99M

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10

2/5/2018

Acquired

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$99M

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10

Date

4/29/2022

4/22/2022

5/5/2021

8/21/2020

2/5/2018

Exit

Acquired

Asset Sale

Acquired

IPO

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

3

8

13

10

10

SK telecom Ventures Partners & Customers

10 Partners and customers

SK telecom Ventures has 10 strategic partners and customers. SK telecom Ventures recently partnered with Ericsson on February 2, 2019.

Date

Type

Business Partner

Country

News Snippet

Sources

2/28/2019

Partner

Sweden

1

1/8/2019

Partner

United States

SK Telecom : and Sinclair Broadcast Group Sign Joint Venture Agreement

SEOUL , South Korea and BALTIMORE , Jan. 7 , 2019 / PRNewswire / -- SK Telecom and Sinclair Broadcast Group , one of the largest TV broadcasting companies in the U.S. , announced today in Las Vegas that the companies signed a joint venture agreement to lead the next-generation broadcasting solutions market in the U.S. and globally .

5

12/13/2018

Partner

United States

SK Telecom Partners with MobiledgeX to Enable the Next Generation of Connected Devices and Mobile Application Experiences

`` Based on this partnership , SK Telecom will continue to drive technology innovations to provide customers with differentiated 5G services . ''

3

11/21/2018

Partner

South Korea

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10

10/22/2018

Partner

Germany

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10

Date

2/28/2019

1/8/2019

12/13/2018

11/21/2018

10/22/2018

Type

Partner

Partner

Partner

Partner

Partner

Business Partner

Country

Sweden

United States

United States

South Korea

Germany

News Snippet

SK Telecom : and Sinclair Broadcast Group Sign Joint Venture Agreement

SEOUL , South Korea and BALTIMORE , Jan. 7 , 2019 / PRNewswire / -- SK Telecom and Sinclair Broadcast Group , one of the largest TV broadcasting companies in the U.S. , announced today in Las Vegas that the companies signed a joint venture agreement to lead the next-generation broadcasting solutions market in the U.S. and globally .

SK Telecom Partners with MobiledgeX to Enable the Next Generation of Connected Devices and Mobile Application Experiences

`` Based on this partnership , SK Telecom will continue to drive technology innovations to provide customers with differentiated 5G services . ''

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Sources

1

5

3

10

10

SK telecom Ventures Team

5 Team Members

SK telecom Ventures has 5 team members, including former Chief Financial Officer, Senior Director, David Kim.

Name

Work History

Title

Status

David Kim

SKTA Innovation Accelerator, and SK Telecom

Chief Financial Officer, Senior Director

Former

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Name

David Kim

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Work History

SKTA Innovation Accelerator, and SK Telecom

Title

Chief Financial Officer, Senior Director

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Status

Former

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