Naver to establish US subsidiary for investment in local startups
Summary
Naver plans to launch Naver Ventures in Silicon Valley later this month as its first overseas investment subsidiary. The new unit will focus on supporting promising local startups with funding and strategic backing. Naver has already picked Twelve Labs, an AI startup with operations in the US, as its first target investment. The company says the move will help startups secure stable financing and continue developing technologies in the US market.
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Web and Content Management
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SaaS
Developer Tools
AI Infrastructure
Linked Companies
Twelve Labs
$10M to $25M
NAVER Corp.
$5M to $10M