Project

Daria is a cloud-based, AutoML system.

Project Summary

Businesses are finding ML’s technological and financial barriers too high to fully tap its potential. Daria is a cloud-based, automated ML system that allows data science experts and novices alike to build predictive models and deploy them to action. AutoML automatically optimizes models without any human intervention. The benefits of an automated ML system is that it cuts back days of iterative work for valuable personnel. Our customers have successfully applied ML within days without the help of specialized personnel.

Business Model

XBrain is a Machine-Learning-as-a-Service (MLaaS) provider and adopts a subscription-based revenue model. Our ML software is hosted on a cloud infrastructure – operated through a web browser – and users pay a monthly fee to get access to this software.

Main Achievements

Investment History
May 2016 | Angel round from POSTECH Holdings
Sep 2016 | Investment from SparkLabs
Dec 2016 | Participated in SparkLabs 8th Batch Demo Day
Sep 2017 | Seed-round from Capstone Partners, POSTECH Holdings, TIPS and Angel
- Total Funding Amount: 1.5 billion KRW

Product
Background: In 2016, XBrain planned on testing and developing Daria’s core technology and features during a three-year time horizon. Today, XBrain is soon to release its final private beta version, and we expect about a 120 companies to participate in this private beta as paid customers. The firm aims to release the official version in Dec 2018.

Achievements: Won 3rd Place in 2016 ICML (International Conference on Machine Learning) Auto Machine Learning Challenge, MoM Growth of User Base of 45%

1nd Private Beta Release Date | Mar 2016
Number of Participants: 10

2nd Private Beta Release Date | Mar 2017
Number of Participants/Users: 40 companies (90 users)
Notable Customers -
NextMatch (Top Social Dating App Provider in South Korea): to predict churn rate
Korea Asset Pricing (Top Tier Asset Valuation Agency): to predict derivative returns
Revenue (2017): 12 million KRW

3rd Private Beta Release Date | Mar 2018
Projected # of Participants/Users: 140 companies
Projected Revenue (2018): 350 million KRW

Media Coverage
Forbes 2018.01.25
https://www.forbes.com/sites/elaineramirez/2018/01/25/10-south-korean-startups-powering-into-2018/#14b3caa56946

Tech for Korea 2017.10.16
http://www.techforkorea.com/2017/10/16/xbrain-comes-out-of-stealth-with-1million-and-a-new-product-to-automate-machine-learning-for-all/

Platum 2017.10.10
http://platum.kr/archives/89333

thebell 2017.08.31
http://www.thebell.co.kr/free/content/ArticleView.asp?key=201708280100047500002877&svccode=00&page=1&sort=thebell_check_time

ET News 2016.11.30
http://www.etnews.com/20161130000226

Platum 2016.07.21
http://platum.kr/archives/63583