Yanolja Acquires 50% Stake in AI Company 'Dable' for 100 Billion KRW

[Asia Economy Reporter Junhyung Lee] Yanolja Cloud, a subsidiary of Yanolja, is acquiring AI company Dable.

According to industry sources on the 15th, Yanolja Cloud acquired approximately 50% of Dable's shares for around 100 billion KRW. This values Dable at about 200 billion KRW. Earlier this year, Dable raised 14 billion KRW in a Series C investment, recognizing a corporate valuation of approximately 100 billion KRW.

Dable, founded in 2015, is an AI adtech company. Over 40% of its total revenue comes from overseas markets. With an average annual sales growth rate of 108%, Yanolja explains that Dable is attracting attention as a next unicorn (a private company valued at over 1 trillion KRW).

Yanolja Cloud decided to acquire Dable, judging that the synergy between its solution-based global big data business and Dable's technology would be significant. The company plans to expand its big data business and strengthen its position as an AI-based Software as a Service (SaaS) company.

Yanolja Cloud will combine its core global hotel solution technologies, including cloud and Internet of Things (IoT), with AI and blockchain technologies to introduce more advanced hotel management solutions. Utilizing Dable's natural language processing and deep learning technologies, it also plans to provide user-customized recommendation services based on customer behavior data. Additionally, through Dable's Demand-Side Platform (DSP), it will develop content recommendation services suitable for digital channels.

Lee Chaehyun, CEO of Dable, said, "Together with Yanolja Cloud, we will build a deep learning-based DSP specialized for spaces to innovate and lead the market," adding, "We plan to enhance competitiveness through active talent recruitment going forward."

Kim Jongyun, CEO of Yanolja Cloud, stated, "Through this acquisition, Yanolja Cloud can strengthen its AI capabilities, a core technology leading the digital transformation of space industries such as accommodation, housing, and leisure," and added, "We will build a global data platform to offer advanced personalized and automated services."

This content was produced with the assistance of AI translation services.