Seoul AI startup secures prized gateway to US market via New York program
A Seoul-based AI startup has joined a prestigious New York City commercialization program, opening a rare doorway to test its products with American companies and court global investors. NextPayments was the only Korean company among 14 startups selected for NYC AI Nexus, a program organized by the New York City Economic Development Corp., from more than 200 applicants worldwide, the Seoul…
A Seoul-based artificial intelligence startup has been chosen for a prestigious New York City commercialization program, providing a crucial opportunity to partner with American companies and attract global investors. NextPayments was one of 14 startups selected from over 200 applicants worldwide to participate in NYC AI Nexus, a program organized by the New York City Economic Development Corp. The program operates annually and offers selected startups a range of benefits, including local office space, strategic guidance, introductions to potential business partners, support for proof-of-concept projects, expert consultations, and assistance in securing investment.
Beginning in November, NextPayments intends to commence pilot projects with local companies, primarily in the retail and food service sectors, to evaluate the performance of its AI technology and gauge market demand in the United States. The company specializes in developing AI platforms that consolidate data from offline businesses, encompassing orders, payments, products, staffing, logistics, and customer behavior, into a single, integrated system.
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