Stickeroid AI, a two-year-old start-up, has sold its technology to a Korean group of companies called Naver, Rusbase reported, citing Stickeroid AI CEO Viktor Kokh. The deal’s value has yet to be disclosed.

The Cyprus-based company of Russian origin is developing a cloud platform that applies machine learning to converting words into stickers.

According to Mr. Kokh, it’s “not the company that’s been sold in the deal; it’s only part of the technology.”

In late November 2018, Stickeroid AI joined the winners of a special start-up competition called GoTech, and was eligible for a $200K prize from AD.ru, a Russian investment fund. The start-up didn’t receive the prize, though, because it refused to negotiate terms as it was preparing for the Korean deal.