Skip to content

Naver D2SF invests in Cloa and DeSilo at the seed stage.

Source: Naver D2 Startup Factory

Naver D2Startup Factory, the early-stage start-up investment subsidiary of South Korean internet giant Naver, has invested in two start-ups at the seed stage.

Still, the amount of the investments has yet to be made public.

Source: Naver D2 Startup Factory

Cloa and DeSilo, founded in February, were the funding recipients.

Cloa specializes in developing a data pipeline tool for real-time mass data processing, while DeSilo is creating a machine-learning solution using homomorphic encryption technology.

Homomorphic encryption allows processing on the same level as the encrypted data, thus solving privacy and data silo issues quickly.

BonAngels participated as a co-investor.

This marks the 51st investment by Naver D2Startup Factory, which focuses on the back-end’s core technology.

Previously, most of its assets were invested in start-ups, accelerating and innovating the business.

Naver tends to invest in high-technology sectors such as autonomous driving, artificial intelligence, and big data and is investing in start-ups based in South Korea to fill market gaps.

The firm’s investment requirements are technology, synergy with Naver, and being in a market, even if the market does not yet exist.

Please also read.

Naver D2SF makes a follow-up investment in the fashion recommendation platform On the Look.

Naver D2SF invests in Edtech startup dedicated to analytics.

Naver D2SF invests in two healthcare startups.

Modhaus secures its Pre-A stage funding from Naver D2SF.

Daim Research secures its first external funding from Naver D2SF.

Naver D2SF-backed startups reveal the collaboration results within logistics.

Naver D2SF invests in strengthening the capabilities of the Naver commerce solution.

Cloa secures its seed-stage funding, including Naver D2SF.