Wise AI Selected as Lead Manager by Korea Investment & Securities... "Challenging Technology Special Listing"

AI platform specialist WiseAI is gearing up for an initial public offering (IPO) through a super-gap technology special listing. WiseAI announced on the 18th that it has signed a lead underwriting agreement with Korea Investment & Securities for listing on the KOSDAQ market.

Founded in 2020, WiseAI develops and supplies various AI customer service platforms by leveraging its proprietary AI technologies, including a multilingual inference engine and AI communication protocol (SIP) technology. A representative product is the AI customer center (AICC) platform ‘SSAM-Verse,’ which manages customer service and reservations on behalf of clients.

SSAM-Verse is a comprehensive solution that includes multiple AI services such as AI call centers (inbound and outbound calls), AI websites, AI chatbots, and AI robots (LG CLOi Guidebot). Based on a high response success rate, SSAM-Verse is supplied to a wide range of clients, from advanced medical institutions like large hospitals and screening centers to general enterprises.

As of September, SSAM-Verse has accumulated over 7 billion pieces of training data. The response success rate reaches 95.9%. According to the company, this has significantly improved on-site operations and work efficiency at client sites, as well as having a substantial effect on revenue growth.

WiseAI’s core competitiveness lies in its technology. The globally developed inference engine by WiseAI supports inference in 45 languages. In addition, the company holds numerous foundational AI technologies, including proprietary machine learning engine technology. This year, WiseAI has also succeeded in registering three patents, further solidifying its position in the AI market.

WiseAI plans to actively utilize the government’s strategically promoted ‘super-gap technology special listing’ system. The government has expanded the scope of eligible companies to include deep tech and AI advanced technology sectors and has improved the system by systematizing and rationalizing the types of special listings.

The technology special listing system allows companies with high future growth potential to apply for preliminary listing review by meeting only minimum financial requirements if their technology is recognized for innovation or business feasibility. Under the existing technology special listing, companies must receive A grade and BBB grade or higher evaluations from two external specialized institutions.

According to ongoing discussions, the super-gap technology special listing system requires passing grades from only one external specialized institution. Additionally, companies must meet conditions such as a market capitalization of over 100 billion KRW and investment attraction of over 10 billion KRW in the past five years.

WiseAI’s high technological capability was recognized when it successfully attracted investment from the Korea Technology Finance Corporation and venture capital funds in March this year. In June, it was also selected as one of the ‘Baby Unicorn 200’ companies by the Ministry of SMEs and Startups.

Song Hyung-seok, CEO of WiseAI, said, “We will systematically proceed with preparations for the technology special listing by closely collaborating with Korea Investment & Securities, which has comprehensive capabilities and expertise in underwriting.” He added, “With differentiated technological competitiveness, we will grow into an AI company recognized not only domestically but also in the global market.”

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