ESTsoft said on the 6th that the artificial intelligence transformation (AX) institutional sector recorded 6.3 billion won in orders in the first half of this year and expects cumulative orders this year to top 10 billion won.
ESTsoft officially launched the AX division last year and ramped up the business by posting 1.1 billion won in revenue in the second half. It said first-half orders this year reached 6.3 billion won, about six times the level a year earlier.
The company cited its integrated AI solution combining proprietary AI technology as its key competitive edge. It said it is expanding its AX business centered on the public market by linking large-scale system buildouts with AI agent "Allen," real-time Conversational AI service "Perso Interactive," AI video production tool "Perso Studio," "Perso Dubbing," and more.
First-half results show AX business at public institutions and universities accounted for about 70%. In addition, the Ministry of Science and ICT's K-FAST (free ad-supported streaming TV) project and the AI avatar-based video production project served as major growth drivers.
ESTsoft said it has secured a pipeline of about 30 AX projects targeting public institutions, universities and corporations. Recently, it won projects in agriculture and disaster safety in the pan-government AX Sprint program and has carried out the K-FAST project for two consecutive years.
Jang Seung-il, head of ESTsoft's AX division, said, "AX know-how built mainly through AI national projects, public institutions, local governments, universities and corporations is gaining trust in the market and translating into visible results," and added, "As we are confident the positive momentum in the first half will continue into the second half, we expect to achieve more than 10 billion won in annual orders this year."