SK C&C Partners with US Venture Capital to Discover AI Startups

SK Inc. C&C signed a Memorandum of Understanding (MOU) on the 6th with U.S. venture capital firm Storm Ventures for the discovery of global promising startups with B2B technology and business cooperation.

Storm Ventures is a U.S. Silicon Valley venture capital firm established in 2000. It focuses on early-stage investments in B2B technology startups and manages assets under management (AUM) of $1 billion through seven funds.

They have discovered and nurtured 12 unicorn companies, including Talkdesk, a SaaS-based contact center solution company; Workato, a SaaS integration and automation startup; Splashtop, a remote access and support company; Marketo, a personalized marketing tool provider; and Solarisbank, an online bank offering digital financial service platforms.

The two companies will jointly create a global digital innovation ecosystem. Storm Ventures will introduce portfolios and promising startups expected to have synergy with SK Inc. C&C at an early stage, and SK Inc. C&C will prepare technology verification (PoC) and optimal digital system application and expansion plans for the startups. Verified technologies will be developed into representative digital offerings by industry such as manufacturing, finance, telecommunications, and services to support customers' fast and reliable digital innovation.

They will explore businesses in the AI-based B2B sector. They expect to achieve rapid results in areas such as digital factory, digital marketing, digital workplace, data analytics, and no-code solutions.

Kim Wanjong, Head of Digital Business at SK Inc. C&C, said, “Through this agreement, we will quickly secure and verify global B2B innovative technologies and lead the digitalization of our customers’ businesses.”

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