WRTN raises $72 mil. in Series C funding round
Korean artificial intelligence (AI) service provider WRTN Technologies has raised approximately 100 billion won ($72.23 million) in a Series C funding round, the company said Wednesday. According to WRTN, the company was valued at more than 1 trillion won in the latest funding round, becoming the first Korean AI service startup to surpass the mark. WRTN has raised a total of 230 billion won in…
Korean AI service provider WRTN Technologies has successfully raised approximately $72.23 million in a Series C funding round, bringing its total funding to $230 million. The latest round valued the company at over $1 trillion, making it the first Korean AI service startup to achieve this milestone. Coreline Ventures and Eugene Asset Management joined as new investors in this round, alongside existing investors such as Goodwater Capital, Antler Global, Woori Venture Partners, and the Korea Development Bank.
Coreline Ventures, a U.S.-based venture capital firm with global investments, has previously backed notable companies like Kakao and Happy Elements.
Brief written by urgent.news from The Korea Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- WRTN raises $72 mil. in Series C funding round koreatimes.co.kr
- S Korean AI startup Wrtn hits $722m valuation in series C techinasia.com
