KT Invests in Upstage and Qanda to Expand Mega AI

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Summary

KT announced strategic equity investments of 100억원 each in AI startups Upstage and Masspresso (operator of Qanda), committing a total of 200억원 and forming partnerships to expand its mega-AI ecosystem. KT will collaborate with Upstage to develop enterprise private LLM solutions and domain-specialized LLMs for B2B customers, and with Masspresso to build education-domain LLMs and scale AI across its learning platform. Upstage positions itself as a high-performing, no-code/low-code AI solution provider led by ex-big-tech talent and active AI researchers, while Masspresso leverages OCR and large-scale student query data from Qanda to create education-optimized LLMs and an AI tutor (beta). The move complements KT's prior AI infrastructure and semiconductor investments as it pushes an AI full-stack strategy and accelerates commercialization of generative AI services.

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Amount $7.7M Total raised
Date September 10, 2023 Announcement date
Investors More, Rebellion, KT Lead investors
Company - Funded company

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