WRTN Raises 63 million USD in Series B to Enhance AI Service Platform - WOWTALE
Summary
A Korean AI service platform startup WRTN Technologies (hereafter referred to as WRTN) has successfully completed its Series B funding round, securing an additional 63 million USD (83 billion KRW ) and bringing the total amount raised to 81 million USD (108 billion KRW ). This brings WRTNs cumulative investment amount to over 97 million USD (130 billion KRW).The investment round was led by Goodwater Capital, a new investor, with participation from existing investors including BRV Capital Management, Capstone Partners, Woori Venture Partners, Suigeneris Partners, Antler, and Z Venture Capital (ZVC).This latest round of funding comes just nine months after WRTN raised 25 billion KRW (approximately 19 million USD) in a pre-Series B round in June of the previous year. The main WRTN platform will undergo a major overhaul and update next month, with new features including AI search, productivity tools, and My AI.WRTN will hold a press conference on April 8 at the Four Seasons Hotel in Seoul for both domestic and international media. The event will focus on the launch of WRTN 3.0 and provide a detailed explanation of the companys future vision following this investment round. The Four Seasons Hotel was chosen as the venue due to its historical significance, having hosted the 2016 Go match between AI AlphaGo and Lee Sedol, a landmark event in the history of AI.Lye Se-young, CEO of WRTN, stated, From the start, WRTN has aimed to create AI that interacts with the public and becomes a part of everyday life, rather than being confined to laboratory settings.