Naver Makes Follow-up Investment in Data Startup 'CLOA'

[Asia Economy Reporter Buaeri] Naver's startup nurturing organization D2SF has made a follow-up investment in the data technology company 'Cloa,' in which it invested last year.

According to Naver on the 29th, Cloa raised 6 billion KRW in this round of investment. Wi Ventures, Stonebridge Ventures, KB Investment, Megazone, Superfast, and T Investment also participated as co-investors.

Cloa is developing a data Software as a Service (SaaS) that enables metadata management, data analysis, documentation, and sharing. It is a product for data analysts and others, with the strength of easily integrating and processing data distributed across various clouds.

Cloa's core development team consists of engineers with experience at Devsisters, Sandberg, and Zigzag.

Yang Sanghwan, leader of Naver D2SF, said, "With environmental changes such as data warehouses and multi-clouds, data integration and processing technology is becoming increasingly important," adding, "Cloa has proven its technological competitive edge and has been recognized for its product value by potential clients, so we expect substantial growth going forward."

Im Seongeun, CEO of Cloa, stated, "We will accelerate the advancement of the best development team by recruiting talent across all roles including frontend, backend, and designers," and added, "We plan to launch a closed beta version in the first quarter of next year and secure corporate clients domestically and internationally."

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