Support for data analysis, rational decision making, and efficiency maximization

Element AI, an artificial intelligence-based software solution developer, held its first press conference in November after entering the domestic market.
The event featured speakers from Element AI's global executives, introducing Element AI's business areas and the software and services that support the application of AI models to companies.

“Element AI was founded on the belief that AI can enable people and machines to work smarter together,” said Nicolas Chapados, Element AI co-founder and chief science officer. “Few companies have implemented AI from the prototype level to mass production, and while many companies attempt to implement AI, few achieve tangible results. Element AI is accelerating the adoption of AI by providing solutions that solve challenging problems.”

Element AI is a company with AI solutions optimized for various industries such as finance and distribution. It supports the pursuit and expansion of AI systems based on a human-centric philosophy and stability.It is leading to data analysis, rational decision-making, and efficiency maximization.

To date, it has raised a total of $253 million in investment through two rounds of funding, and in 2017, Hanwha Asset Management participated as a Series A investor.

In particular, it has actively participated in the AI adoption process of leading domestic companies, and in 2017, it created a joint investment fund worth 45 million dollars with major domestic companies such as Hanwha, SK Telecom, and Hyundai Motor Company, and is providing investment consulting using Element AI's AI knowledge.

In addition, in May, we signed a business agreement with Shinhan Financial Group and are expanding mutual cooperation in the AI field.

“Korea is one of the fastest-growing major markets for AI adoption, and it has great potential for AI growth with its IT infrastructure, professional manpower, and global companies,” said Eum Byung-chan, Element AI’s General Manager for Northeast Asia. “As Element AI established a Korean branch in 2018, which marked a significant milestone in expanding its business in the Asia-Pacific region, we plan to continue to expand our partnerships with domestic companies to actively support Korean companies in enhancing their AI capabilities and global competitiveness.”

Element AI Korea, established in 2018, provides artificial intelligence solutions to domestic companies in various industries and supports AI research and development to lead to practical business results in the field.