Skelter Labs, the Korean AI startup, just collected investment from a venture capital firm to expand in Southeast Asia.
Earlier this year, Skelter Lab already secured a $ 9 million investment from KakaoBrain, the artificial intelligence unit of email giant Kakao in Korea. Skelter Lab specializes in vocal vision, as well as conversational and context recognition. Its focus is the manufacturing market, customer operations, and consumer marketing.
The company raised the funds for the purpose of governing daily life and planning through machine learning technology. Its aim is to bring virtual assistants that can be used in various fields such as smart speakers, smartphones, home appliances, cars and wearable devices.
Skelter Labs’ latest investment comes from Venture Capital startup Golden Gate Ventures, which so far has around 30 investments in Southeast Asia.
They have invested in around 7 countries in the Internet, mobile startups, e-commerce, payments, marketplaces, mobile applications and SaaS platforms. This Golden Gate Ventures portfolio invests in Skelter Well with the goals and objectives of Skelter Lab.
This current investment is an extension of the previous investment cycle conducted by Skelter Labs. The previous round was closed at $ 100 million by Golden Ventures in Southeast Asia. The deal was made between former director of engineering site Google Korea, founder of Skelter Labs, and former Silicon Valley figures Vinnie Lauria, Jeffery Paine and Paul Braigel, founding members of Golden Gate Ventures.
“When I compare the Southeast Asian (SEA) tech ecosystem to other markets, it hits a tipping point: Annual investment is now measured in billions. This places ESA on the world stage alongside the United States, China and India. However, there is a young man who reminds me of Silicon Valley around 2005, shortly before social media and the iPhone took off, ”says Lauria, a founding member of Golden Gate Ventures.
CEO Skelter Labs seems happy, appreciating the role of venture capitalists in Southeast Asia, which he believes are helpful for startups in the region. Also, he is positive about these investments that can help them grow and achieve the goal of maximizing machine learning practices in everyday life.
Interested in learning more about venture capital in Southeast Asia? Stay tuned !
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