[Korean Startup Weekly News #3] AI Semiconductor Startup Rebellions Raises $140M in Series B Funding

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Period : Jan 29th – Feb 4th, 2024

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Korean AI Semiconductor Startup Rebellions Raises $140M in Series B Funding
Rebellions, a Korean AI semiconductor startup, secures $140M in Series B, marking a significant milestone for global expansion and product development.

Naver Hits Record High EBITDA in Q4 2023, Search & Commerce Lead Growth, Webtoons Turn Profitable
Naver’s Q4 2023 sales hit KRW 2.54T ($2.13B), with robust growth in all sectors. Full-year revenue reached KRW 9.67T ($8.13B), marking a 17.6% YoY increase.

Check out the latest funding news for Korean startups

LionRocket Secures funding from CJ Investment for Innovative AI Webtoon Technology
LionRocket, specializing in image-generating AI, secures funding from CJ Investment for its innovative Brain Boosting Learning technology, targeting global expansion and AI-driven webtoon production enhancements.

Connecteve Secures $3M funding for AI in Musculoskeletal Software and Surgical Robotics
Connecteve, a Korean medical tech firm, secures $3M for AI-based musculoskeletal software and next-gen surgical robots.

42Maru Secures Series B Funding for AI Innovation and Market Leadership
42Maru, AI startup, secures Series B investment from Hana Securities and IBK. Recognized for LLM-based tech excellence. Focus on accurate QA, industry-specific models, and enterprise security.

Coxwave Secures $3.8M Seed Investment for AI Innovation and Global Expansion
Coxwave, Korean AI firm, secures $3.8M seed investment for Align AI platform. Innovative services and global demand attract investors. CEO eyes AI-Native era development.

B2B Payment Innovator FiNovus Lab Secures ₩1.8B Series A Led by KakaoPay
FiNovus Lab, the Korean firm behind Paymonths, secures ₩1.8 billion in Series A funding led by KakaoPay for expanding its B2B post-payment platform, which recorded over ₩1 billion in monthly transactions

AM Management Raises Pre-Series A Funding for Digital Asset Solutions from DeSpread
Korean firm AM Management secures pre-Series A funding from DeSpread Research. They plan to develop custom asset management strategies for Web3 companies and expand globally.

Team Elysium Completes Pre-Series A Round, Expands Digital Musculoskeletal Solutions
Korea-based Team Elysium completes its pre-SeriesA funding, expanding in digital musculoskeletal solutions with plans to grow in medical and non-medical sectors and B2G market initiatives.

Korean 3D Cell Culture Innovator, Celloid, Raises KRW 2.4 Billion for Global Regenerative Medicine Leadership
Korean 3D cell culture startup, Celloid, secures KRW 2.4 billion pre-series A from FuturePlay and Postech Holdings. The company plans global leadership in regenerative medicine by 2030

Meet startups that are striving for global expansion through exclusive interviews

SoftBank Ventures Asia, now SBVA, Establishes KRW 200B ($150M) Korea Venture Fund
SoftBank Ventures Asia, now SBVA, embraces AI, rebrands after acquisition. Recently closed ₩200B fund. Focus on ICT startups, global expansion support planned. CEO emphasizes continued active engagement in investments.

Envisioning Partners Closes $37M Impact Fund, Prioritizing Climate Tech Growth
Envisioning Partners closes $37M Impact Solutions Fund, attracting global investors. Focus on climate tech, supporting high-potential startups’ global growth.

2023 Korean Startup Investments Shrink: THE VC Report Highlights
In 2023, Korean startup and SME investments declined to 1,429 cases and 7.3095 trillion won, showing a significant drop from previous years, as detailed in THE VC’s report.

SEOUL BIOHUB Partners with Celltrion to Launch Global Open Innovation Program
SEOUL BIOHUB partners with CELLTRION for open innovation in biomedicine. Program supports startups’ growth, aiming for global expansion and collaborations.