Lomin, a company specializing in Document AI Agents, has secured a strategic investment from Naver Cloud and is accelerating the expansion of its cloud-based Document AI business.

Lomin announced on May 20 that Naver Cloud has made a strategic investment in the company. Lomin plans to use the investment to strengthen its partnership with Naver Cloud and fully expand its cloud-based Document AI business.

The investment is seen as recognition of the deployment references Lomin has built in the public and financial sectors and of the business scalability of its document automation technology. The two companies signed a solution business partnership in February, and this investment takes the relationship beyond a business alliance to the level of a strategic investment.

The two companies have supplied document automation platforms and pursued joint business not only in the public and financial sectors but also in industries such as manufacturing and healthcare. With this investment, they plan to broaden their cooperation and step up their push into industry-specific AX (AI transformation) markets.

Lomin supports business automation with its VLM (vision language model) based Document AI Agent platform, which extracts the information needed from unstructured documents and converts it into structured data.

The platform handles the entire document process in one place, from document classification to structural parsing, information extraction, comparison and source finding, review, training, and integration with existing systems. This makes it well suited to automating repetitive document work at companies and public institutions and improving operational efficiency.

The partnership with Naver Cloud is also growing on the strength of this technology. The two companies have applied Document AI across a variety of industries and jointly developed business models, and the strategic investment is expected to further accelerate the adoption of cloud-based AI services.

"This investment is meaningful because it recognizes both Lomin's technology and its potential for business growth," said Kang Ji-hong, CEO of Lomin. "Now that the business partnership we started with Naver Cloud has led to a strategic investment, we will continue to lead the Document AI industry and drive innovation in document process automation."