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Coxwave Raises $3.5M in Funding

Jan 29, 2024 - finsmes.com
Coxwave, a company that provides an analytics infrastructure for AI-native products, has raised $3.5M in funding. The funding round included contributions from KB Investment, Danal, and Seoul Techno Holdings. The company, which operates in Seoul, South Korea and San Francisco, CA, plans to use the funds to expand its AI R&D efforts and increase its global presence. Coxwave has been in the GenAI space since 2021 and has sold two AI-native tools, hama and Enterpix, both of which were acquired by Sandoll.

The company's latest solution, Align AI, is a tool that allows product teams and developers to monitor and analyze conversational data from LLM-powered conversational products. The tool supports real-time live data ingestion with a pre-built software development kit (SDK) and access to LLM toolkits, Langchain and LlamaIndex. Align AI is currently being used by several notable companies including Wrtn, Metabuddy, and Collectiv AI. CEO Gijung Kim stated that the platform helps developers enhance their AI solutions by turning conversational data into actionable user and product insights.

Key takeaways:

  • Coxwave, an analytics infrastructure provider, has raised $3.5M in funding from backers including KB Investment, Danal, and Seoul Techno Holdings.
  • The company plans to use the funds to expand its AI R&D efforts and increase its global presence.
  • Coxwave has already sold two AI-native tools, hama and Enterpix, both acquired by Sandoll.
  • Their latest solution, Align AI, is a tool that helps product teams and developers monitor and analyze conversational data from LLM-powered products.
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