Neosapience, which operates the generative AI content creation service Typecast, is set to debut on the KOSDAQ market.
The Korea Exchange announced on September 17 that it has approved Neosapience's listing on the KOSDAQ. Trading will commence on September 21, with an initial offering price of 10,000 won. Daishin Securities is the lead underwriter for the listing.
Founded in 2017, Neosapience is a software development and supply company. It has developed and operates Typecast, a voice generation service based on its proprietary generative AI foundation model and TTS (text-to-speech) technology.
Since its launch in November 2019, Typecast has gained users in 226 countries worldwide. As of March this year, the total number of registered users surpassed 3 million.
The company's financial performance has shown improvement. Neosapience's revenue increased from 6.4 billion won in 2024 to 10.7 billion won last year. For the previous year, the consolidated revenue was 10.649 billion won, with an operating loss of 2.676 billion won. The operating loss decreased from 7.9 billion won in 2024 to 2.7 billion won last year.
However, in the first half of this year, the company recorded revenue of 6 billion won, while the operating loss expanded to 3.4 billion won.
* This article has been translated by AI.
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