Internet services firm Kakao and retailer Lotte contributed as Skelter prepares to take its AI development expertise into foreign markets.
South Korea-based artificial intelligence (AI) technology developer Skelter Labs has raised ₩10bn ($9.2m) in a round featuring subsidiaries of internet group Kakao and diversified conglomerate Lotte Group, TechCrunch has reported.
Kakao invested through its AI-focused KakaoBrain division and venture capital vehicle K Cube Ventures, while Lotte took part through TV and internet retail subsidiary Lotte Homeshopping. They were joined by Stonebridge Ventures, the VC arm of investment firm Stonebridge.
Skelter was founded in 2015 as a business incubator focused on…
