While D2SF has made small inroads into US AI startups, Naver Ventures will act as a more aggressive and autonomous vehicle, focusing exclusively on the highly competitive US market, sources said.“The world’s AI investment capital is increasingly consolidating in Silicon Valley,” said a Seoul-based venture capital executive familiar with the launch of Naver Ventures.“Naver seems to be determined to move beyond its incremental approach and fully commit to AI investments on a global scale.”Having developed its large language model, HyperCLOVA X, Naver has struggled to match the capabilities and scale of bigger rivals such as OpenAI, the US developer of ChatGPT, and China’s DeepSeek.
D2SF’S INVESTMENTS IN US STARTUPSWhile Naver, through D2SF, made a handful of investments in US startups – including Rembrand, an ad tech startup focused on AI-powered video advertising, Claythis, a generative AI-based 3D content creator, and YesPlz, a fashion-focused multimodal AI developer – the group’s AI investments to date have been modest compared to global peers.
According to invitations circulated before its upcoming event in Silicon Valley, Naver has framed the launch of Naver Ventures as an “expanded venture investment initiative” with a mandate to seek “global opportunities that provide strategic and technological value” to the company.
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