Yanolja Acquires ad-tech 'Dable'

Yanolja, which has a corporate value of more than 10 trillion won, is expanding its investment in strengthening its technological capabilities such as artificial intelligence (AI) and big data.

According to the venture investment industry on the 23rd, Yanolja Cloud, a 100% subsidiary of global leisure platform Yanolja, recently completed the acquisition of AI technology company 'Dable' and incorporated it as an affiliate.

Yanolja Cloud plays a role in research and development (R&D) and investment in tech companies to strengthen the technical capabilities of Yanolja's major services.

Dable was valued at more than 1,000 billion won in attracting investment to venture capital and other companies earlier this year. Since then, as Dabble's overseas business performance became visible, Yanolja's bet on Dable amounted to around 1,000 billion won.

Lee Chae-hyun, co-founder of Dable, continues to serve as management while holding some shares and plans to more actively upgrade the technology and expand the business area with funding from Yanolja.

Investors include DSC Investment, Stone Bridge Ventures and SV Investment.

Reporter Lee Ji-sun stockmk2020@gmail.com