Selvas AI Decides Equity Investment in Seeas Lab... Collaboration on Metaverse Business

Selvas?Wizwik-SearsLab Metaverse Value Chain Construction

[Photo description] Selvas AI and Seeus Lab business cooperation agreement (left) Seeus Lab CEO Jinwook Jung, (right) Selvas AI CEO Mincheol Kwak

[Asia Economy Reporter Kwangho Lee] AI specialist company Selvas AI announced on the 25th that it has signed a business cooperation agreement with augmented reality (AR) specialist company SeersLab for 'new business areas including AI Agent and Metaverse' and decided to make an equity investment as strategic investors.

Selvas AI attracted an investment of 6 billion KRW from WYSIWYG Studios last August, and through this strategic equity investment in SeersLab, it has established a value chain within the metaverse ecosystem. Through this business cooperation, various voice technologies will be applied to SeersLab's open metaverse platform Mirror City to implement realistic and vivid sound and enhance the immersion of metaverse services.

Additionally, the two companies plan to jointly discover new business models including AI Agent and metaverse. SeersLab is an AR specialist company based on Vision AI technology, partnering with about 80 companies domestically and internationally related to AR, and currently holds the most experience in launching AR commercial services in Korea. It was also selected as the final business operator for the 2022 Metaverse Platform Development Project promoted by the Ministry of Science and ICT.

Selvas AI possesses voice technology that can maximize metaverse service immersion by producing voices that best match appearance, behavior, and facial expressions in digital humans and digital twins.

A Selvas AI official said, “Sound is as important as graphics to enhance the immersion of the metaverse. With our voice technology, we can precisely produce the optimal voice tailored to each metaverse service, thereby maximizing user immersion. Through the metaverse value chain among Selvas AI, WYSIWYG Studios, and SeersLab, we will present a new paradigm.”

SeersLab CEO Jinwook Jung expressed expectations, saying, “If Selvas AI’s outstanding voice technology is combined with SeersLab’s avatar technology, it will enable more intelligent conversational avatars and can be expanded into various areas such as AI Agent to create meaningful convergence cases in the metaverse. Through the technology and business cooperation of both companies, we will create synergy in various fields.”

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