Korean startup DeepSales, a buyer discovery solution for manufacturers, has successfully attracted seed investment for the second consecutive year. The investment was participated in by Kingsley Ventures, Blue Point Partners, and Yoon Min Creative Investment Foundation.
DeepSales, a compound word of ‘Deep learning’, a type of machine learning based on artificial neural networks, and ‘Sales’, aims to discover new buyers through advanced analysis technology. The service strengthens the overseas sales capabilities of Small and Medium-sized Enterprises (SMEs).
Many SMEs feel the limitations of the domestic market and are interested in exploring overseas markets, but they often face difficulties finding suitable buyers. DeepSales addresses this issue by recommending buyers with a high transaction completion rate based on 10 million buyers’ information by country, industry, and size. It increases work efficiency by reducing cost and time associated with finding buyers.
Kim Jin-seong, CEO of DeepSales, expressed his gratitude towards the investors and said, “Through this investment, we will develop products and secure professional research personnel to stabilize the service this year.” The investment will be used to enhance the company’s products and services, and secure professional research personnel to improve the stability of the service.
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