ACTIONPOWER
Category: AI Agents
South Korean multimodal AI startup specializing in AI-powered business workflow automation, voice transcription, and summarization services. ACTIONPOWER was founded in 2016. The company is led by Hongsik Jo (Co-CEO) & Jihwa Lee (Co-CEO). Based in Seoul, South Korea. Team size: 11-50. Total funding raised: $13.7M. Latest round: Series B. Key investors include Hana Ventures, We Ventures, Tony Investment, Korea Development Bank, SpringCamp.
- Founded
- 2016
- Headquarters
- Seoul, South Korea
- Team size
- 11-50
- Total funding
- $13.7M
Value proposition
Integrated multimodal AI (voice, text, image) processing with proprietary lightweight LLM (ELLI) for cost-efficient, high-accuracy enterprise workflow automation
Products and solutions
Daglo (AI-powered voice transcription and summarization platform), Daglo API (STT, emotion analysis, voice authentication, AICC), ELLI (proprietary lightweight Korean LLM for enterprise use)
Unique value
Proprietary Korean-optimized LLM (ELLI) combined with 10 years of speech recognition R&D, 70+ patents, and hybrid on-premise/cloud deployment for enterprise-grade AI workflow automation
Target customer
Enterprises (B2B) and individual consumers (B2C) across insurance, finance, education, healthcare, government, and media sectors
Industries served
Insurance (DB Life Insurance), Software/IT (Hancom), Government (Daegu City), Healthcare (Seoul National University Hospital), Media/Broadcasting (KT SkyLife), Financial services, Education, Customer service
Technology advantage
Proprietary ELLI LLM optimized for Korean language; 56+ registered patents (42 Korea, 11 US, 3 Japan); published at top AI conferences (INTERSPEECH, ICASSP, ACL, COLING); context compression and model routing for cost efficiency; multimodal (voice, text, image) integration
How they differentiate
Self-developed lightweight Korean LLM (ELLI) instead of relying solely on Big Tech APIs; 70+ domestic and international patents; 10 years of proprietary R&D; hybrid model routing (Big Tech + own model) for cost optimization; 98% voice recognition accuracy; on-premise and cloud deployment options
Main competitors
Naver Clova Note (Korean market), Liner (Korean AI productivity), Wrtn Technologies (Korean AI productivity), AI3 (Korean enterprise AI)
Key partnerships
Google for Startup Accelerator (selected as 2024 AI First company), Korea-EU Intellectual Property Cooperation Project, Ministry of SMEs and Startups DIPS program
Notable customers
DB Life Insurance, Hancom, Daegu City, Seoul National University Hospital, KT SkyLife, Samsung C&T, Hyundai Motor Company
Major milestones
2016: Company founded, 2017: Launched Daglo (first Korean auto-transcription service), 2021: Raised ₩13.3B Series A, 2023: Google Play Best of 2023 Award, Won Grand Prize at NIKL AI Language Proficiency Competition, Selected as Korea AI Startup Top 100 (3 consecutive years), 2024: Forbes Korea AI 50, Google for Startup Accelerator AI First company, Daglo reaches 1 million users, CES 2024 attendance, 2026-03: Raised ₩6.0B (~$4.3M) Series B, led by Hana Ventures with Korea Development Bank joining as new investor; cumulative funding surpassed ₩20B, 13M hours of voice data processed cumulatively
Market positioning
Leading Korean AI-native workflow automation startup with strong IP portfolio, positioned as a domestic alternative to Big Tech AI transcription/summarization tools with proprietary LLM technology
Geographic focus
South Korea (primary), expanding globally
Patents and IP
56+ registered patents (42 Korea, 11 US, 3 Japan) covering speech recognition, dialogue summarization, voice authentication, multimodal AI processing, and LLM optimization
About Hongsik Jo (Co-CEO) & Jihwa Lee (Co-CEO)
Hongsik Jo: Former Macquarie Securities analyst; Seoul National University graduate. Jihwa Lee: Former Stanford Research Institute engineer; Seoul National University background.
Latest news about ACTIONPOWER
More AI Agents companies
Official website: https://actionpower.kr