# cloudstone

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cloudstone

- Industry: Logistics & Distribution
- Headquarters: Seoul, South Korea
- Website: www.cloudstone.ai
- Total disclosed funding: $0.4M
- Latest round: Seed (Jul 1, 2022)
- Investors on record: 2

## About

Based in South Korea, cloudstone Inc. specializes in providing advanced artificial intelligence solutions designed to enhance operational efficiency and support decision-making across various business sectors.Founded in 2019 in Seoul, South Korea, cloudstone Inc. focuses on delivering AI-driven solutions to optimize business processes. The company has successfully completed six deals, with the latest round occurring on December 20, 2022, when it raised KRW 1.7 billion in pre-Series A funding from investors including FuturePlay and NICE Group. Daeuk Song, the founder, leads the company, aiming to leverage AI technology for various industries.Cloudstone.ai specializes in advanced artificial intelligence solutions tailored for businesses seeking to enhance their operational efficiency and decision-making processes. The company’s core offerings include AI-driven analytics platforms that provide actionable insights across various industries. These solutions are designed to help organizations optimize their workflows, improve customer experiences, and drive innovation. Cloudstone.ai primarily serves sectors such as finance, healthcare, and retail, where data-driven decision-making is crucial to maintaining a competitive edge. Their products are available in North America, Europe, and parts of Asia, targeting businesses that require robust AI capabilities to address complex challenges in real-time.Cloudstone.ai generates revenue through a subscription-based model, allowing clients to access its suite of AI tools and services on a scalable basis. Clients typically engage in annual agreements that provide them with full access to the platform, including regular updates and customer support. The pricing structure is designed to accommodate businesses of varying sizes, including both small enterprises and large corporations. Through direct-to-consumer channels and partnerships with system integrators, the company ensures broad distribution of its flagship products, fostering long-term relationships with clients. Revenue growth is driven by both new client acquisitions and upselling additional features to existing customers, reflecting the increasing demand for AI-driven solutions in the market.In December 2022, cloudstone Inc. raised KRW 1.7 billion in pre-Series A funding to support its growth initiatives. The funding will be utilized to develop new AI products aimed at enhancing operational capabilities for businesses and expanding into new markets, particularly in regions across Europe and North America by 2023. This strategic expansion aims to capitalize on the rising demand for AI solutions across various industries.

## Funding rounds

- Seed, Jul 1, 2022, $0.4M — Korea Tech Incubator for Startup, Ulsan Creative Economy Innovation Center

## Investors

- Korea Tech Incubator for Startup — Seed
- Ulsan Creative Economy Innovation Center (https://capitalatlas.ai/funds/ulsan-creative-economy-innovation-center) — Seed