Alchera, Korea’s No. 1 image recognition artificial intelligence (AI) company, convened a board meeting on the 31st of last month to aggressively expand its business and decided to increase paid-in capital to shareholders worth approximately 40 billion won.
The resources secured through the paid-in capital increase will be used to expand new AI business in the form of SaaS, expand overseas markets through its U.S. subsidiary Alchera X, and strengthen fintech business capabilities.
In the fintech business, we are currently conducting a facial recognition-based authentication business for financial companies such as Toss and Kakao Bank, and our US subsidiary Alchera there is.
Alchera’s sales exceeded KRW 10 billion last year, and its sales have consistently more than doubled since its founding.
Existing Alchera shareholders will be able to trade new stock warrants sometime next month.
Meanwhile, Alchera operates an integrated visual AI brand, ‘AIIR’ (Artificial Intelligence Image Recognition), which includes △identification solution ‘AIIR ID’ △entry and attendance management solution ‘AIIR Pass’ △video control solution ‘AIIR Scout’ △wildfire Artificial intelligence recognition technology is being applied to all areas of daily life, business, and society, including ‘Fire Scout’, which detects phenomena. To date, there are over 312 million cameras equipped with Alchera’s AI technology, and in the case of face recognition, it was recognized as the No. 1 technology in Korea with an accuracy of 99.99% within 1 second in the ‘National Institute of Standards and Technology Facial Recognition Vendor Test (NIST FRVT)’ This is a company that receives
Source: Pangyo Techno Valley Official Newsroom
→ Go to ‘Asian Innovation Hub Pangyo Techno Valley 2022’ news