SelectStar, a corporations specializing in artificial intelligence (AI) data and reliability evaluation, secured an additional Series B investment of 5.5 billion won, closing its Series B at a total of 26 billion won. This brings its cumulative funding to about 43.4 billion won.
Samsung Venture Investment, Mirae Asset Venture Investment, and Flux Ventures newly joined this additional round. In particular, Samsung Venture Investment made a strategic investment in SelectStar through the Samsung Life Insurance strategic investment fund. In Aug., SelectStar raised a 20.5 billion won Series B from leading domestic and overseas investors, including KB Investment, Shinhan Venture Investment, and Salesforce, Inc.
Kim Se-yeop, CEO of SelectStar, said, "This additional Series B investment is meaningful in that SelectStar's AI data and reliability evaluation technological prowess has been widely recognized, centered on the financial sector," and added, "We will build AX-specialized data pipelines and quality and stability evaluation platforms across various industries, including domestic financial institutions."
A Samsung Life Insurance official who led this proof-of-concept said, "SelectStar's data design and reliability evaluation technology will be used significantly in the AX innovation pursued by Samsung Life Insurance," and added, "With this investment, strategic synergy between Samsung Life Insurance and SelectStar is expected."
Through this investment, SelectStar plans to expand into an "all-in-one platform" that connects AI data preprocessing, generation, and reliability evaluation, and to begin its global expansion in earnest.
Founded in 2018, SelectStar is collaborating with more than 320 clients, including Korea's five major conglomerates and the five major financial groups, through its AI training data construction and AI reliability verification solution "Datumo Eval."