[Pangyo Tech] Naver invests 11.3 billion won in audio technology startup Gaudio Lab

D2SF, Naver’s startup fostering organization, announced on Oct. 14 that it has invested 11.3 billion won in AI/metaverse audio tech startup Gaudio Lab.

D2SF expected that this investment will strengthen strategic technical cooperation between Naver video platform and Gaudio Lab and accelerate Gaudio Lab’s global growth. Gaudio Lab plans to take this investment as an opportunity to recruit key talents.

Gaudio Lab has developed a technology that provides an immersive audio experience in various content environments including spatial audio technology, the automatic 3D sound technology according to the user’s movement and device characteristics.

Since its launch in 2015, D2SF has been interacting with Gaudio Lab and technically collaborating with the Naver video platform. D2SF has invested in 78 tech startups to date.

Pangyo Technovalley is an innovation hub for global companies comparable to the Silicon Valley in the US, Zhongguancun in China, and STATION F in France. It is an Asia tech hub with 1,259 IT, BT, CT, and NT companies that possess innovative products and technologies. Located just south of the metropolitan area, it provides the best environment for Korean companies to do business with great transportation access and infrastructure.

Various high-tech companies are located in Pangyo Technovalley, and it is occupied by 64,000 full-time employees, many in their 20-30s. In terms of industry, the companies are engaged in information technology, contents technology, biotechnology, and nanotechnology.

With the support of innovative companies with global capabilities such as Kakao, Naver, AhnLab, Krafton, NCSoft, Nexon, and Hancom, companies in Pangyo Technovalley recorded 107 trillion won in sales last year. Investment and infrastructure growth in Pangyo is expected to continue, with the Metaverse hub entering Pangyo this year.

Source: Pangyo Techno Valley Official Newsroom