Lilis AI Launches Video Summary API Service for Enterprises

ReleaseAI, a video and document summarization artificial intelligence (AI) service company, announced on the 23rd that it has launched an application programming interface (API) service for enterprise video summarization.

'ReleaseAI' provides a service that summarizes various types of information such as videos, audio files, websites, and document files through AI. The service name is the same as the company name, 'ReleaseAI.' The service recorded 250,000 cumulative active users and a monthly recurring revenue (MRR) of 20 million KRW within eight months of its launch.

The newly launched enterprise API service is designed to allow companies to apply ReleaseAI's video summarization technology internally. The company expects that the enterprise service can be utilized by online education companies, corporate training teams of large companies, content platforms, and others that require video summarization technology.

Oh Hyunsoo, CEO of ReleaseAI, stated, "We plan to continue launching various enterprise services so that knowledge workers can quickly grasp important information."

ReleaseAI is an AI startup founded last year by AI engineers and service planners formerly from Naver, VoyagerX, and Lytton.