DATA KNOWS

Data Knows provides advanced data analytics and machine learning solutions tailored for real estate investors, enabling informed decision-making through comprehensive market insights. Founded in 2019 by Jaegoo Kim in Seoul, South Korea, Data Knows specializes in investment solutions for the real estate sector. The company raised a total of KRW 5 billion in a Series A funding round on January 27, 2022, co-led by SJ Investment Partners and Kolon Investment, among others. Over its journey, Data Knows has completed four deals, focusing on enhancing its offerings in the investment advisory field.

Data Knows offers a comprehensive investment solution called 'RichGo,' which leverages data analytics and advanced machine learning techniques to assist clients in making informed real estate investment decisions. RichGo provides users with access to a wealth of real estate market data, enabling them to analyze property viability and investment potential effectively. This solution is designed for a diverse clientele, including individual investors, real estate professionals, and institutional clients, seeking to optimize their investment strategies. The platform aggregates crucial real estate information and utilizes deep learning models that continuously learn from new data to improve prediction accuracy.

RichGo is marketed primarily in South Korea, addressing the needs of investors navigating the local property market, and is accessible through both mobile and desktop applications. The revenue model for Data Knows is built around a subscription-based framework, where clients pay for access to the RichGo platform and its associated services. This structure facilitates transactions primarily through direct-to-consumer sales, allowing individual users and businesses to subscribe to various service tiers that provide differing levels of analytics and data access. Clients engage with the platform to analyze real estate opportunities, benefiting from high-performance AI models that enhance decision-making processes.

Specific pricing plans for the RichGo services are tailored to meet the diverse needs of their customer base, although exact figures for individual subscription levels are not disclosed. The company aims to foster long-term relationships with its clients by delivering continuous updates and improvements in its data offerings, ensuring that users can consistently make well-informed investment choices in a competitive market. Following the Series A funding round completed on January 27, 2022, Data Knows plans to utilize the raised KRW 5 billion to recruit talent and expand into B2B fields alongside investment advisory areas. The company is also evaluating opportunities for new product launches and geographical expansion, although specific timelines and markets have yet to be disclosed.