AI productivity solution startup Amber Road wins D.Day competition

AI productivity solution startup Amber Road wins D.Day competition

Amber Road, a South Korean startup that develops solutions that help improve manufacturing productivity, won this month’s startup competition D.Day, according to D.Camp, the country’s first multi-purpose startup hub operated by the Banks Foundation for Young Entrepreneurs.

D.Day’s October event was jointly organized by Naver Cloud Corp. and was held in Pangyo, Gyeonggi Province, on Thursday.

D.Day participants are given the opportunity to reside at D.Camp and Front1, a space for startup growth based on connection and collaboration, for up to one year.

Startups that make it to the final round are eligible for an investment of up to 300 million won ($222,222).

Naver Cloud will also offer opportunities to collaborate with each of Naver Corp.’s affiliates and an annual voucher worth 20 million won.

Amber Road is a startup that develops Minor Report, a productivity improvement solution specialized for the manufacturing industry.

When users enter data into the Minor Report according to their desired performance goals, artificial intelligence (AI) analyzes the data and suggests ways to improve productivity.

For example, if a user enters data on a process, the Minor Report alerts them to suspected defective products so that they take preemptive measures. It is easy to use, allowing for easy application in the field.

In a project with POSCO Holdings Inc., Amber Road halved the execution time and improved the return on investment (ROI) by four times, making it commercially viable.

One of the D.Day event’s five finalists is fika.d, Inc., a provider of an AI solution that maximizes purchase conversion rates using the data of customers’ online browsing product details.

Fika.d connects existing data such as visitors’ gender, age, and purchase information to its own data on content of consumer interest and analyzes them with AI.

Fika.d partners with direct-to-consumer (D2C) companies with annual sales of more than 10 billion won and aims to advance into the global market, mainly in Japan.

KokkanLogis Co., another finalist, develops and operates Primo, an AI-based freight transportation brokerage service.

Primo can help shippers improve their revenue structure by suggesting the optimal transportation price based on transportation data.

It also provides a service that allows users to check the status of dispatch in real time, from cargo registration to transportation completion.

Since service launch in March, the company has been working with leading companies such as Homeplus Co., KT Corp., and AHC. Its cumulative sales have exceeded 310 million won. KokkanLogis plans to launch the service in Japan next year.

Pairy Co. operates SalesClue, a software as a service (SaaS) for effective business-to-business (B2B) sales and marketing.

SalesClue allows users to send PDF files for B2B marketing and sales purposes, such as product introductions and business proposals, and monitor the recipient’s response in real time.

With SalesClue, the user can check whether the file has been read and for how long, as well as the recipient’s interests, thus being able to set better strategies for sales efforts. SalesClue launched its beta service in November last year and introduced its first paid model in June. It is being used by more than 150 companies.

SpaceVision developed attent!on:d, an AI outdoor advertising platform based on performance measurement. While online advertising has a variety of advertising techniques and analytics solutions, outdoor advertising is mostly conducted simply through exposure.

Attent!on:d uses AI and cameras to analyze the gender, age, and clothing of people passing by the advertising medium to provide optimized ad exposure and attention analytics.

Aicy Inc. provides AI-based SaaS for financial business automation. Uploading a company’s accounting books to Aicy automatically creates financial reports.

It does not require separate data processing. While it takes 10 to 16 hours on average to analyze financials of a month’s worth of ledger data, Aicy does it in only three minutes, according to the company.

It also visualizes 15 types of financial information, such as sales trends, into charts and graphs. The company plans to enter North America in 2024.