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[Korean Startup Weekly News #10] AITRICS Raises 27 Billion KRW in Series B for ‘Vital Care’ Medical AI Expansion

2024-03-24 4 min read

[Korean Startup Weekly News #10] AITRICS Raises 27 Billion KRW in Series B for ‘Vital Care’ Medical AI Expansion

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AITRICS Raises 27.1 Billion KRW in Series B for ‘Vital Care’ Medical AI Expansion
AITRICS, a Korean medical AI company, raised 27.1 billion KRW in Series B funding from nine venture capital firms for technological advancements and global expansion.

Latest Funding News

Check out the latest funding news for Korean startups

Solivis Raises KRW 20 Billion in Series B for Solid Electrolyte Innovation
Solivis, a leader in solid electrolyte technology of Korea, has raised KRW 20 billion in Series B funding, aiming to dominate the global all-solid-state battery materials market by 2030.

PRENEU Secures 15 Billion KRW in Series B for Unmanned Aerial Vehicle Development
PRENEU, a South Korean unmanned aerial vehicle specialist, secured 15 billion KRW in Series B funding for drone development, aiming for innovation and global expansion, with plans for an IPO by 2026.

Recycling Innovator ‘Terracle’ Raises KRW 10.5 Billion in Series A Funding
Terracle, a South Korean recycling firm, received KRW 10.5 billion in Series A funding for its low-impact, chemical recycling technology, aiming to transform plastic waste into sustainable raw materials.

Kakao’s Former CEO Namgung Hoon’s Aiz Entertainment Secures KRW 10 Billion Seed Investment
Aiz Entertainment, a Korean firm focusing on AI-based entertainment, secures a KRW 10 billion seed investment from BonAngels Venture Partners.

Korean FoodTech Startup Jeongyookgak Secures ₩10 Billion Investment
Newly funded Jeongyookgak plans to drive profitability using the investment, focusing on strengthening operations and cash flow generation.

Korean EV Charging ‘Softberry’ Secures 4.8 Billion Won in Series A Bridge funding
Korean startup Softberry receives $4.8M Series A bridge investment, totaling $13.5M. Their EV Infra app offers live data on 330K+ charging stations nationwide.

Proptech Startup Nbnb Lands Pre-Series A Funding for Digital Real Estate Solutions
South Korean startup Nbnb receives pre-Series A funding from New Paradigm Investment for digitizing single-person residential real estate branding and operational management through IT technology.

XPLA Mainnet Gains Investment from Matter Labs to Enhance Web3 Capabilities
XPLA secures investment from Matter Labs and partners to enhance Web3, offering extended Ethereum ecosystem services and innovative gaming experiences.

WinCL Secures Seed Investment from 500 Global for Carbon Credit Solutions
WinCL, a Korean voluntary carbon credit solution company, received seed investment from 500 Global, aiming to enhance corporate ESG capabilities and sustainability.

Korean Startup Interview

Meet startups that are striving for global expansion through exclusive interviews

OS : A Korean Startup’s Atomic Layer Revolution in the Global Semiconductor Industry
OS Corporation, a Korean startup, specializes in atomic layer deposition and etching to compete with global giants, targeting entry into the semiconductor equipment market.

Korean Venture Capital News

Korea Accelerator Association Partners with Vietnam BSSC for Startup Ecosystems
The Korea Accelerator Association and Vietnam’s BSSC signed an MOU to enhance business expansion of startups, planning a joint investors conference and collaboration initiatives.

Hyperithm Invests in ‘Etherfi’, a Leading Ethereum Liquid Restaking Protocol

Hyperithm invests in Etherfi, an innovative Ethereum liquid restaking protocol, enhancing DeFi with user-managed keys and capital efficiency through ‘eETH’, promising growth and market leadership.


BalanceHero Hits Record Revenue and Profit in India’s Growing Fintech Market
BalanceHero, a Korean fintech firm in India, announced record annual revenue of KRW 84.5 billion and KRW 16 billion in profit, marking rapid growth in the digital lending market.

MAKESTAR Doubles Revenue to KRW 95.6 Billion, Plans Global Boy Group Audition
MAKESTAR, a South Korean entertainment platform, doubled its 2023 revenue to KRW 95.6 billion and plans to host a global K-pop boy group audition for a 2024 debut.

[Korean Startup Weekly News]

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