Artificial Intelligence-based Drones Become Daum Kakao’s Future Growth Industry

K Cube Ventures, in which Daum Kakao owns a 10 percent stake, is making an investment in promising venture firms involved in the Online To Offline (O2O) and Internet of Things (IoT) fields in order to secure new growth engines. On Sept. 2, Daum Kakao announced that it invested 300 million won (US$253,059) in UVify, a start-up that develops artificial intelligence-based drones. The start-up consists mainly of those with PhD degrees in Mechanical and Aerospace Engineering department at Seoul National University, and it specializes in making drones that can automatically operate without totally relying on humans. UVify aims to make safer auto drones by applying artificial intelligence and robot technology to computer vision, image-based 3D location recognition, and Simultaneous Localization and Mapping (SLAM), and signal processing and control technology. K…


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