AllBigDat, the developer of the next-generation intelligent document processing solution, DATALUX, has secured a pre-Series A investment from New Paradigm Investment (hereafter referred to as New Paradigm). Established in 2019, AllBigDat is a solution developer providing end-to-end (E2E) services utilizing artificial intelligence (AI) technology. Aiming to capture the market for internal data utilization through the digital transformation of various documents within enterprises, AllBigDat accelerates digital transformation (DX) for companies through consulting, technology adoption, and delivery of solutions.

AllBigDat’s core service is the next-generation Intelligent Document Processing (IDP) document understanding solution, DATALUX. This solution enhances companies’ data utilization capabilities by providing functions to analyze and manage all unstructured document information into structured data formats, thereby improving corporate work efficiency and productivity.

This technology won first place in the AI Technology Innovation category at the 2024 AI EXPO held last May, receiving the Minister of Science and ICT Award. AllBigDat has been conducting open innovation programs with financial institutions such as NH Bank and IM Bank, helping the financial sector digitize unstructured documents that traditional OCR or RPA solutions could not handle.

DATALUX employs ‘multimodal’ AI technology that combines visual and natural language information in documents, recognizing titles, subtitles, images, and tables by examining layout and font size, thereby automatically categorizing and enhancing productivity in a way similar to human document understanding.

Additionally, AllBigDat has launched the data collaboration labeling solution ‘Label-it,’ which can build high-quality datasets, and has developed innovative solutions such as ‘AIMER,’ a customer analysis and personalized recommendation solution, which have been supplied to numerous companies.

Jaehyun Park, Co-CEO of New Paradigm, stated, “The demand for intelligent document processing in the continuously high-growth data industry is a global phenomenon. The global IDP market is estimated to be worth 3 trillion won and is expected to grow to 40 trillion won by 2034, with an average annual growth rate of 30.5%. AllBigDat, with its advanced intelligent document processing technology, diverse applications, and security, is expected to rapidly expand beyond the domestic market to target the global intelligent document processing market, ending the paper era.”

Dongjae Lee, CEO of AllBigDat, said, “All the data information possessed by enterprises is the key asset of future markets. Starting with the finance industry, which has a high demand for records management such as contracts, we plan to quickly expand our target markets to R&D and service industries.” He added, “Our first overseas market entry will be Japan. We are conducting PoC with major Japanese companies and planning to establish a local subsidiary. The Japanese DX market is expected to reach 30 trillion won by 2030, making it the right time for global expansion.”

AllBigDat’s DATALUX multimodal AI is characterized by its ability to integratively process various document formats, providing deeper structural classification and document context understanding, enabling precise analysis. To this end, AllBigDat has completed registration of five AI-related technology patents domestically and internationally and has filed seven additional patents. Apart from winning the Minister of Science and ICT Award three times, AllBigDat has received commendations from the Ministry of SMEs and Startups, collaborated with banks and insurance companies, conducted vendor briefings with global research firm Gartner, and received excellent evaluations for its business potential and technological capabilities from various enterprises and government-affiliated organizations.