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§ Venture Capital · Seoul, Seoul-t'ukpyolsi, South Korea
A financial organization providing capital for artificial intelligence initiatives, supporting the development and adoption of AI technology.
AI Alliance Fund operates as a venture capital firm, dedicating capital to early to mid-stage companies developing artificial intelligence, machine learning, enterprise SaaS, and developer tools. The firm actively seeks opportunities from pre-seed through Series C rounds, with a particular emphasis on Series A and B investments. Its strategic approach involves identifying and nurturing technological advancements that align with the evolving landscape of intelligent systems and software infrastructure.
Established in 2017, AI Alliance Fund emerged from a collaborative initiative involving prominent entities such as SK Telecom, Hyundai Motor Company, Hanwha Asset Management, and Canadian AI pioneer Element AI. This consortium recognized the imperative to collectively drive innovation within the AI ecosystem. The fund was conceived to leverage the combined resources and strategic insights of its corporate partners, aiming to catalyze the growth of promising technology ventures.
The fund's primary beneficiaries are innovative startups requiring growth capital and strategic guidance to scale their operations and refine their offerings. AI Alliance Fund envisions playing a pivotal role in accelerating the development and commercialization of next-generation AI and software solutions. It aims to cultivate a robust portfolio of companies that will shape future technological paradigms and contribute significantly to global digital transformation.
AI Alliance Fund has 1 tracked investment across 1 company. The latest tracked deal is $15.0M Series A in Ottopia in January 2023.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jan 1, 2023 | Ottopia | $15.0M Series A | MizMaa Ventures, AI Alliance Fund, Siak Kian Cheng, IN Venture, Next Gear Ventures | FirstHand Alliance, Maven Ventures, Uncork Capital, Oren Buskila |