BigValue Secures PRE-B Round Investment from Korea Credit Data

Spatial artificial intelligence (AI) company BigValue announced on the 3rd that it has successfully secured a PRE-B round investment from Korea Data Agency (KoDATA).

KoDATA, which has accumulated a database (DB) of over 12 million corporate data entries, is reported to have made the investment in BigValue due to its strong interest in the growth of the data industry.

BigValue developed the nation’s first AI-based real estate price index using spatial data. It was designated as an innovative financial service provider by offering price information for housing types such as row houses, multi-family houses, single-family houses, and officetels, which were previously considered financial blind spots due to unclear pricing. Based on this data, BigValue is expanding its market into sectors including finance, construction, distribution, and healthcare.

Going forward, BigValue and KoDATA plan to integrate their data business expertise and spatial AI algorithm technology to advance the real estate AI price model. They intend to expand this into specialized services that can be utilized across various industries such as finance. They are also creating nationwide price reports to address the social issue of jeonse fraud through data.

Lee Hodong, CEO of KoDATA, said, "This investment is a commitment to driving growth in new industries and a step toward fulfilling social responsibility management. With the explosive growth of the spatial AI industry, we will ensure that citizens no longer suffer from problems such as jeonse fraud."

Kim Jinkyung, CEO of BigValue, stated, "As KoDATA’s first investment, we will prove innovation and growth as a leader in the spatial AI industry. We will also enhance BigValue’s technologies and expertise, including AI price indices and the Fraud Detection System (FDS) for suspicious housing, to develop price reports aimed at preventing jeonse fraud."

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