# MINDLOGIC

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

- Industry: Software
- Headquarters: Seoul, South Korea
- Website: www.mindlogic.ai
- Latest round: Series A (Mar 8, 2021)
- Investors on record: 6

## About

Based in South Korea, MINDLOGIC INC. specializes in AI-driven chatbot solutions that enhance user engagement and streamline communication for businesses across various sectors.Founded in 2019 in Seoul, South Korea, MINDLOGIC INC. develops AI technologies with a focus on chatbots. The company has completed a total of 5 deals, with its most recent funding round being a Series B in May 2022, raising KRW 10 billion. Founders Jin Kim and Yongwoo Kim have previously engaged in innovative technology ventures.Mindlogic specializes in the development of AI-driven chatbot solutions designed to enhance user engagement and facilitate seamless communication. Their flagship product, MindLogic FactChat, is an AI service platform that provides organizations with access to advanced language models (LLMs) at an economical rate. This platform enables users to create personalized chatbots that can leverage both internal data and external knowledge, catering specifically to the needs of businesses looking to optimize customer interactions and streamline information dissemination. The chatbots are capable of multilingual communication, supporting 26 languages, and can incorporate real-time data updates to ensure the accuracy of information provided to users. Mindlogic targets a diverse client base, including educational institutions and corporate organizations, primarily in the Asia-Pacific region, and aims to empower its users to implement AI solutions that address specific business challenges.Mindlogic generates revenue through a subscription-based model that provides varying tiers of services tailored to different organizational needs. This model allows clients to access a set number of AI responses and chatbots based on their subscription plan, which can range from basic packages for small teams to comprehensive solutions for larger enterprises with unlimited access. The company’s pricing structure is designed to be flexible, accommodating both smaller organizations requiring limited AI capabilities and larger clients needing extensive chatbot functionalities. Transactions typically occur directly between Mindlogic and its clients, fostering direct relationships that enhance the customization and integration of AI solutions within the client's operational framework. This approach not only strengthens customer loyalty but also facilitates the efficient deployment of their AI products across various sectors.In May 2022, MINDLOGIC INC. raised KRW 10 billion in Series B funding, which will support its strategy for future growth. The company plans to design and launch new products aimed at enhancing their AI service capabilities. MINDLOGIC INC. is also targeting expansion into new markets, specifically looking to penetrate further into the Asia-Pacific region by 2023. The recent funding is expected to facilitate these initiatives, positioning the company for broader market engagement.

## Funding rounds

- Series A, Mar 8, 2021 — Partech Partners, Strong Ventures, Tekton Ventures, DSC Investment
- Seed, Mar 1, 2019 — Primer, Korea Tech Incubator for Startup

## Investors

- Primer (https://capitalatlas.ai/funds/primer) — Seed
- Korea Tech Incubator for Startup — Seed
- Partech Partners (https://capitalatlas.ai/funds/partech-partners) — Series A
- Strong Ventures (https://capitalatlas.ai/funds/strong-ventures) — Series A
- Tekton Ventures (https://capitalatlas.ai/funds/tekton-ventures) — Series A
- DSC Investment (https://capitalatlas.ai/funds/dsc-investment) — Series A