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Upstage Acquires AI Agent Platform Timey to Expand Services
🇰🇷 South Korea /Technology

Upstage Acquires AI Agent Platform Timey to Expand Services

From Dong-A Ilbo · () Korean

Translated from Korean, summarized and contextualized by DistantNews.

At a glance

News Named sources New plan
  • AI company Upstage has acquired Timey, an AI agent platform developer, to accelerate its AI agent business.
  • Timey's platform allows users to build AI agents for work without coding, integrating various AI functions like LLM-based prompts and document conversion.
  • Upstage plans to integrate its own LLM, Solar, into Timey's platform to expand its AI agent services, which are already used by various public institutions.

AI firm Upstage is set to significantly expand its AI agent business following its acquisition of Timey, a company specializing in AI agent platforms. The acquisition was announced on June 9.

Timey operates a platform called 'TimeyAI,' which enables users to create AI agents tailored for their work needs without requiring any coding. This platform integrates a range of AI functionalities, including large language model (LLM) prompts, image and video generation, and document conversion. TimeyAI is currently utilized by various local governments and educational institutions across South Korea, including the Seoul AI Chat service.

Upstage intends to leverage this acquisition to bolster its AI agent services by integrating its proprietary LLM, Solar, into the TimeyAI platform. This strategic move aims to enhance the capabilities and reach of its AI agent solutions, building on Timey's existing foundation and client base. Upstage previously operated the portal 'Daum' through its subsidiary AXZ.

Upstage announced on June 9 that it acquired Timey, a generative AI multi-platform company.

— UpstageOfficial announcement of the acquisition.
DistantNews Editorial

Originally published by Dong-A Ilbo in Korean. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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