COXWAVE, operator of AI product analytics platform, Raises $3.4 million in Seed Funding

Coxwave co-founders (from left) Joowon Kim, co-founder, Gi Jung Kim, CEO, Juyoung Jeong, co-founder

Coxwave(콕스웨이브), the operator of the AI product analytics platform Align AI, has secured a seed investment of approximately $3.4 million (KRW 4.5 billion). The investment was led by KB Investment, Danal and Seoul Techno Holdins. Inc.

Founded in 2021, Coxwave is a startup that has developed and commercialised generative AI technology and completed product sales. To make generative AI technology more available and accessible, Coxwave launched Hama, an AI-based image editing service with 1.3 million users, and Enterpix, an AI image search engine service. Following the sale of both products, the company is now developing and operating Align AI, an analytics platform to improve various services based on generative AI.

Align AI is an analytics platform that analyses user experiences to help create more advanced and personalised products. While existing analytics platforms focus on simple data such as button click rates and time on page, Align AI can analyse complex user behaviour data, including conversations between users and AI. This allows you to analyse how users are using your service and whether your AI is behaving according to their intentions.

Investors reportedly saw Coxwave’s technology differentiation and potential for global business expansion. “The rise of generative AI is dramatically changing the way humans and AI interact,” said Seunghwan Kim, director at KB Investment. “We believe Coxwave’s technology will play a critical role in the era of conversational AI.” Coxwave has already secured several customers in Korea, including Fastcampus, WRTN, Metabuddy and KLLEON, and in Silicon Valley, including Collective AI and Hardware AI, within the first month of its launch, demonstrating the global market demand for Align AI products.

“Generative AI is a completely different paradigm, and product analytics needs to be done in a different way,” said Gi Jung Kim, CEO of Coxwave. “With this investment, we will focus on developing and enhancing Align AI’s services, recruiting top talent, and securing recognition in the global market to usher in the AI-Native era.”