AI startup MindLogic has experienced over a twelvefold increase in revenue within a year, driven by the growing adoption of generative AI in the public and education sectors.
As of the end of last month, the company reported cumulative sales of 5.48 billion won for the year, marking a 1132% increase compared to the same period last year.
The company attributed its significant performance improvement to the rising demand for generative AI in public and education sectors, along with rapid customer acquisition.
The growth has been propelled by the launch of its multi-AI agent platform, FactChat, in March of last year. FactChat allows users to access approximately 80 generative AI models, including ChatGPT, Claude, and Gemini, all within a single platform. It enables organizations to select and utilize various AI models tailored to their policies and operational goals, and is designed for simultaneous use by multiple members.
Currently, FactChat has been implemented in 437 organizations, including universities, primary and secondary schools, local governments, businesses, and public institutions. Within about 18 months of its launch, the number of paid users has surpassed 500,000.
Service usage continues to grow steadily. As of June, the monthly token usage reached 100 billion. A satisfaction survey conducted among universities and local governments revealed over 90% positive feedback, while a survey in Yongin City recorded a satisfaction rate of 96% among actual users.
MindLogic is also expanding its multilingual AI guidance chatbot, InfoMe. InfoMe provides real-time responses to user inquiries on university and corporate websites, and recently added a voice AI-based feature, InfoMe Callbot, to support 24-hour phone consultations.
Kim Jin-wook, co-CEO of MindLogic, stated, "The AX experience accumulated in the public and education sectors is translating into business results. We will continue to enhance FactChat and expand our AI transformation efforts into the B2B, B2G, and B2E markets."
* This article has been translated by AI.
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