AsiaTechDaily - Asia's Leading Tech and Startup Media Platform
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Marketplaces & E-commerce
    • Ecosystem
    • Robotics
    • Investments
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • Forums
  • Jobs
  • REGISTER
  • login
No Result
View All Result
AsiaTechDaily - Asia's Leading Tech and Startup Media Platform
No Result
View All Result
Home Venture Capital

Korean Creative AI Startup Remake Digital Raises US$430K

 495 total views,  2 views today

Be one of the first to comment
James Jung by James Jung(AsiaTechDaily Writer)
PUBLISHED: November 5, 2019 UPDATED: November 17, 2019
in Venture Capital
0
CROLO by Remake Digital
9
SHARES
Share on FacebookShare on Twitter
Bookmark(0)

Please login to bookmark

No account yet? Register

South Korean creative artificial intelligence (AI) startup Remake Digital announced that it has raised ₩500 million (US$430,000) in its seed funding round co-anchored by Kakao Ventures and Fast Investment.

The Seoul-based startup, founded by marketers, designers, and engineers from top Korean and US IT firms in July 2018, said the latest funding round brings its total investment to date to ₩675 million (US$583,000).

It last raised ₩175 million from SNOW and angel investors.

Remake Digital said it seeks to combine computer vision, natural language processing, image processing, and data analytics to build a creative AI that designs beautiful ads.

Samuel Nam, the company’s co-founder and CEO, said advertisers and agencies continue to experience constraints in their resources as they design creatives for thousands of products across different channels, which all have different requirements.

Because designers are caught up in tedious work, they cannot spend time improving the performance – click through and other conversions rates – of their ad designs through tests. Therefore, thousands of advertising dollars are going to waste, Nam added.

“Our solution is to combine computer vision, natural language processing, image processing, and data analytics to build a creative AI that designs ads in just seconds and improves the design with real-time data. Users just have to upload basic art assets, rest is done by CROLO,” the company said on its website.

The fresh capital will be used to accelerate the development of its proprietary AI-powered ad design technology CROLO.

“CROLO aims to design hundreds of digital advertisements automatically in just a few minutes and analyse ad performances across numerous digital advertising platforms to draw insight and further improve on the design for higher performance,” the company said.

With CROLO, advertisers can expect rapid reduction in cost and time in creative design and designers can take their creativity to the next level, Remake added.

CROLO will be unveiled at the end of this year and beta will be launched in the first half of 2020.

Remake said its founders had previously built adtech infrastructures handling more than US$100 million digital ad spend in more than 100 countries globally.

The company’s previous clients include SNOW, Disney, Niantic, and Com2us on their digital advertising design.

Early this year, Madup, another South Korean adtech mobile marketing company, raised US$11.9 million in its Series B funding round backed by Seoul Investment Partners, Praxis Capital, ID Ventures, MG Investment, and Stonebridge Ventures.

What's your thoughts?
+1
0
Upvote
+1
0
Clap
+1
0
Clap
+1
0
On fire
+1
0
Meh
+1
0
Clap
+1
0
Tags: Creative AICroloRemake DigitalStartup

Related Posts

Month-on-month revenue metrics and retention rate are critical KPIs to look for in startups – Angel Investor Mehul Mishra [Interview Part 2]
Interviews

Month-on-month revenue metrics and retention rate are critical KPIs to look for in startups – Angel Investor Mehul Mishra [Interview Part 2]

December 29, 2020
Month-on-month revenue metrics and retention rate are critical KPIs to look for in startups – Angel Investor Mehul Mishra [Interview Part 2]
featured

Month-on-month revenue metrics and retention rate are critical KPIs to look for in startups – Angel Investor Mehul Mishra [Interview Part 1]

December 29, 2020
ShuttleOne
FinTech

SG Fintech Startup ShuttleOne Gets $500k for Blockchain Platform

May 21, 2020
Market Kurly
E-commerce

Korea’s Grocery Shopping App Market Kurly Raises Record $164m

May 11, 2020
MigVax
COVID-19

Covid-19 Vaccine Developer MigVax Raises $12m in Funding

April 25, 2020
SensorFlow
Property Technology

SensorFlow Raises $8.3m, Eyes Innovations to Help Hotels Manage Covid-19

April 23, 2020
0 0 vote
Article Rating
Subscribe
Login
Notify of
Please login to comment
4 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
yosung Dokgo
yosung Dokgo
12 days ago

I was exceptionally satisfied to discover this site.I needed to thank you for this extraordinary read <a href=”https://twiddeo.com/” target=”_blank”>먹튀검증</a>!! I certainly getting a charge out of each and every piece of it and I have you bookmarked to look at new stuff you post.

0
yosung Dokgo
yosung Dokgo
12 days ago

Yes i am totally agreed with this article and i just want say that this article is very nice and very informative article.I will make sure to be reading your blog more. You made a good point but I can’t help but wonder for [url=https://tozents.com/]토토사이트[/url], what about the other side? !!!!!!Thanks

0
yosung Dokgo
yosung Dokgo
12 days ago

Good morning!! I am also blogging with you. In my blog, articles related to 토토사이트 are mainly written, and they are usually called . If you are curious about , please visit!!

Last edited 12 days ago by yosung Dokgo
0
trackback
PowerColor AX6570 1GBK3-H manuals
38 minutes ago

… [Trackback]

[…] Info to that Topic: asiatechdaily.com/korean-creative-ai-startup-remake-digital-rakes-in-us430k/ […]

0

FREE NEWSLETTER

No Result
View All Result

TRENDING POSTS

  • Art Shaikh, Founder and CEO of CircleIt- A Virtual Time Capsule Right At Your Fingertips!

     8,011 total views,  1 views today

  • How Max Chizhov, Co-Founder And CEO Of iFarm Raised $4M To Build An Indoor Farming Solution Provider In Today’s Urban Environment?

     4,668 total views,  1 views today

  • Vietnamese e-commerce startup Lozi secures new round of financing led by Vulpes Investment Management

     4,102 total views,  1 views today

  • How Mathijs Eefting, Co-Founder And CEO Of Moteefe Raised $25M To Build An E-Commerce Platform Providing Infrastructure, Customization, And Global Fulfillment For 5000+ Retailers?

     3,575 total views,  1 views today

  • Egor Melnikov, Founder And CEO OF ARNA Genomics – On A Mission To Save Lives From Cancer By Developing Innovative Fluid Biopsy Technologies

     3,445 total views,  1 views today

  • Andrew Luong, CEO and Co-Founder of Doorvest- Own High-Yield Rental Homes Entirely Online!

     3,244 total views,  5 views today

  • How David Eberle, Co-Founder And CEO At Typewise Raised $1M To Build A Next Generation Smartphone Keyboard?

     3,152 total views,  1 views today

  • How Yoyo Chang, Co-Founder, CEO and President at KodyPay Raised $2.3M To Revolutionise Payment Experiences?

     3,015 total views,  1 views today

  • Indian Startup Ecosystem – Exclusive Year End Analysis – 2020 – All You Need To Know!

     2,964 total views,  1 views today

  • Sean O’Sullivan, Founder And Managing Partner Of SOSV – A Global Venture Capital Firm With 1000+ Portfolio Companies And $800M+ Assets Under Management

     3,179 total views,  1 views today

COUNTRIES

  •  Australia
  •  Austria
  •  Bhutan
  •  Brunei
  •  Bulgaria
  •  Cambodia
  •  Canada
  •  China
  •  Dubai
  •  Europe
  •  Finland
  •  France
  •  Germany
  •  Hong Kong
  •  India
  •  Indonesia
  •  Ireland
  •  Israel
  •  Japan
  •  Lithuania
  •  Malaysia
  •  Mexico
  •  Myanmar
  •  Nepal
  •  Netherlands
  •  New Zealand
  •  Norway
  •  Philippines
  •  Poland
  •  Qatar
  •  Russia
  •  Singapore
  •  South Korea
  •  Sweden
  •  Switzerland
  •  Taiwan
  •  Thailand
  •  Turkey
  •  Ukraine
  •  United Kingdom
  •  United States
  •  Vietnam

More from our network


  • ktd

  • atd

  • itd

  • ktt

  • kgd

  • kpp

  • ktp

  • kpoppost

  • ustechtimes

Copyright © 2020 AsiaTechDaily.com| About Us | Seed acceleratorTerms of Use| Privacy Policy| Cookie Policy Contact : press@asiatechdaily.com |

No Result
View All Result
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Ecosystem
    • Marketplaces & E-commerce
    • Robotics
    • Investments
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • Forums
  • Jobs
  • REGISTER
  • Login

Copyright © 2020 AsiaTechDaily.com| About Us | Seed acceleratorTerms of Use| Privacy Policy| Cookie Policy Contact : press@asiatechdaily.com |

wpDiscuz
4
0
Would love your thoughts, please comment.x
()
x
| Reply