Korea's Naver Corp invests $5m in NY-based AI startup Dynamic Yield

Korea's Naver Corp invests $5m in NY-based AI startup Dynamic Yield

NAVER Library: An open library with magazines, encyclopedias, design and IT related books. Photo from Naver's website.

Naver Corporation, one of South Korea’s largest Internet companies, has invested $5 million in New York-based Dynamic Yield, an AI-powered omnichannel personalisation engine, which concluded its Series D round at $38 million.

Proceeds of the latest funding round, which was also joined by Viola Growth, Union Tech Ventures, and Bessemer Venture Partners, will be used to expand Dynamic Yield beyond the web, app, and email to the physical world, the company said.

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