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SK Telecom, NTT, and Chunghwa Telecom have launched the IOWN AI Fund, aiming for $500 million to invest in AI technologies.

PUBLIC · SKMJun 12, 2026•3 days ago

Amount Raised

$500 Million

South KoreaHardwareArtificial IntelligenceMachine Learning

Investors

Chunghwa TelecomNttSk Telecom

Description

On June 10, SK Telecom announced a joint AI fund with NTT and Chunghwa Telecom. The IOWN AI Fund will have a size of $500 million and focus on investing in next-gen AI technologies. Additionally, a fund management company, Catalight Capital, will be established to manage the fund. The initiative will lead to growth for portfolio companies through financial and technological support.

Company Information

Company

SK Telecom

Location

South Korea

About

SK Telecom has been leading the growth of the mobile industry since 1984. Now, it is taking customer experience to new heights by extending beyond connectivity. By placing AI at the core of its business, SK Telecom is rapidly transforming into an AI company. It is focusing on driving innovations in areas of telecommunications, media, AI, metaverse, cloud and connected intelligence to deliver greater value for both individuals and enterprises. For more information, please visit our LinkedIn page www.linkedin.com/company/sk-telecom. SOURCE SK Telecom

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals — including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications — based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 200,000+ companies. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.

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