South Korean startup Dencomm, specializing in AI voice recognition solutions, has successfully secured a Series A2 investment of 10 billion won, bringing their total accumulated investment to over 16 billion won.
This recent investment round occurred about 1 year and 3 months after the 6 billion won Series A funding in November 2022. STASSETS Investment led the investment, with participation from DSC Investment, TS Investment, Hana Securities, KB Securities, and others. TS Investment and Hana Securities also participated in subsequent follow-on investments.
Dencomm has developed a specialized AI voice recognition engine called ‘Densper’ for the dental sector, known for its exceptional accuracy with speech-to-text (STT) precision exceeding 99%. Densper supports multiple languages, including Korean, English, and French, catering to various linguistic needs.
Built on Densper, Dencomm has created a range of AI voice solutions. Among them is ‘Voice Charting,’ enabling doctors with restricted hand movement during treatments to create digital charts automatically using voice commands. Dencomm also offers the ‘Multilingual Support Counseling Solution,’ providing simultaneous interpretation for foreign patients, and the ‘Voice Viewer Controller,’ allowing dentists to control dental medical images, including computerized tomography (CT) scans, using their voice.
Dencomm plans to utilize the current investment for recruiting R&D staff, enhancing AI infrastructure, expanding learning data, and investing in global marketing. They aim to establish a subsidiary in the United States within the first half of this year and actively pursue international markets by offering tailored solutions that meet the demands and characteristics of each market.
In a statement released on Feb. 22, CEO Lim Byun-joon emphasized Dencomm’s goal of driving innovation in the medical sector through AI technology specifically tailored for dental applications to enhance medical services. He highlighted, “This investment marks a significant milestone for global expansion and positions Dencomm to gain a competitive advantage in international markets, enabling substantial revenue generation both domestically and abroad.”
