Korea South
Return Zero is an AI practitioners' startup that goes beyond the conventional by building value-adding full-service experiences, transcending the lab and technology. Founded in 2018, the team comprises top-tier talents from renowned institutions such as KAIST, Seoul National University, KAKAO, Naver, Goldman Sachs, and BCG. Having previously secured investment from SoftBank and undergone M&A by KAKAO corp. for their first startup, Return Zero is now focused on expanding its AI flywheel. Their first success came with "VITO," a service that transcribes calls into text messages using AI-powered software, amassing over 0.5 million downloads and a significant amount of speech data while addressing privacy concerns.
Currently, the team is advancing their second and third services to further bolster their AI flywheel, leveraging AI-powered ASR technology to tap into larger market opportunities. Notably, they have secured a $2M series A investment round from Base investment and KAKAO ventures in 2020, reinforcing their growth trajectory. The recent series B investment round, totaling $130M, from Company K partners, Atheneum investment, KTB Networks, and Hana ventures in 2021 underscores their promising trajectory. With VITO reaching 0.5 million downloads and accumulating 8 million hours of voice data, their expansion into the B2B sector exhibits their commitment to driving transformative AI solutions.
Return Zero's remarkable journey and substantial investments underscore its potential as a rising star in the Information Technology space. Their ability to attract capital from such prestigious investors showcases confidence in their vision and capabilities. As they aim for 2X growth this year, they remain open to welcoming talents keen on contributing to their success, as evident from their latest hiring news. Their dedication to pushing boundaries and delivering real-world AI applications positions them strongly for future success within the AI industry.
For more details, visit Return Zero's latest hiring news or explore their pioneering product, VITO.