Nota's shares rose by over 12% in early trading on news of its artificial intelligence (AI) video monitoring solution being listed on the Naver Cloud Marketplace.
As of 9:41 a.m. on July 2, Nota's stock was trading at 23,950 won, up 2,700 won (12.71%) from the previous trading day, according to the Korea Exchange.
Market analysts attribute the surge to expectations that Nota's Vision Language Model (VLM)-based video monitoring solution, 'NVA (Nota Vision Agent),' will help the company acquire new customers and expand its revenue channels following its listing on the Naver Cloud Marketplace.
Nota announced that it has registered NVA on the Naver Cloud Marketplace, an online store that allows corporate and institutional customers to explore and adopt various solutions and services based on the Naver Cloud platform.
NVA goes beyond traditional computer vision (CV) object detection by utilizing VLM to understand situations and contexts within videos, analyzing and summarizing anomalies. It is designed to describe complex situations in text and assess suspicious circumstances.
The company plans to leverage this listing to broaden its reach in the private, financial, and public sectors while securing new revenue channels based on cloud services. NVA is offered in a pre-configured package format, reducing the proof of concept (PoC) and implementation time, and is designed to allow gradual expansion of detection scenarios and operational scale, starting from small video channels. The subscription-based pricing model also lowers the initial infrastructure investment burden.
Cha Myung-soo, CEO of Nota, stated, "NVA is a core solution that has rapidly grown in less than a year since its launch, expanding its application to domestic companies and public institutions, as well as the overseas traffic control sector. Through this listing on the Naver Cloud Marketplace, we aim to enhance our connections with private, financial, and public customers and actively explore new revenue channels based on cloud services."
* This article has been translated by AI.
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