SelectStar, an AI data and reliability assessment specialist, announced on the 1st that it has closed its Series B round with an additional 5.5 billion won in Series B funding, bringing its total investment to approximately 26 billion won. This brings SelectStar's cumulative investment to approximately 43.4 billion won.
This additional investment was newly participated by Samsung Venture Investment, Mirae Asset Venture Investment, and Flux Ventures. Samsung Venture Investment, in particular, made a strategic investment through the Samsung Life Insurance Strategic Investment Fund. This investment is interpreted as a result of the anticipated synergy between Samsung Life Insurance's AI agent-based AX strategy and SelectStar's AI data and reliability assessment technology.
SelectStar was recently selected as the best startup by Samsung Life Insurance at "Samsung Finance C-Lab Outside," proposing a finance-specific AI data pipeline and reliability assessment solution. This proven collaboration has led to strategic investment, increasing the potential for further collaboration in the financial sector.
Last August, SelectStar secured KRW 20.5 billion in Series B funding from domestic and international investors, including KB Investment, Shinhan Venture Investment, and Salesforce. With this additional investment and the participation of a significant number of VCs focused on the financial sector, SelectStar is strengthening its position as a key AI partner for major domestic financial institutions.
Kim Se-yeop, CEO of SelectStar, stated that this investment signifies the broad recognition of SelectStar's AI data construction and reliability technology in the financial sector, and that the company plans to expand its AX-specific data pipeline and quality and stability assessment platform across various industries. A Samsung Life Insurance representative also expressed anticipation for strategic synergies, predicting that SelectStar's technology will be highly utilized in the AX innovation process.
SelectStar plans to capitalize on this investment by expanding into an all-in-one platform encompassing data preprocessing, generation, and reliability assessment, and to accelerate its global expansion. Founded in 2018, the company is currently partnering with approximately 320 companies, including Korea's top five conglomerates and financial groups, based on its AI learning data construction and reliability verification solution, "Datumo Eval." The company is also participating in a national AI development project with the SK Telecom consortium.
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