Adler Secures Additional KRW 500 Million in Bridge Funding from Kakao Investment
Adler, a South Korean developer of 3D software engines, has successfully raised an additional KRW 500 million in bridge funding from Kakao Investment. This follows a KRW 1.5 billion investment received in February, bringing the total bridge funding to KRW 2 billion. Established in August 2021, Adler’s flagship products include a lightweight 3D engine and the programming language ‘Adler XRML’. The company is dedicated to simplifying the development of 3D applications and ensuring their smooth operation on web platforms and low-spec devices.
Yurika, the founder and a former developer, initially utilized traditional 3D engines to develop a 3D social network but encountered issues such as poor web support, slow performance, and challenges in hiring skilled developers. In response, she developed her own 3D engine and programming language. Currently, Adler’s 3D social networking services are powered entirely by its proprietary 3D engine and ‘Adler XRML’.
Having achieved its bridge funding goal, Adler has secured sufficient operational funds for over two years and is now fully focused on product development and profitability.
Jeon Suan, the director at Kakao Investment who led the funding round, remarked, “I expect that a significant part of the future web will consist of 3D components. Adler is at the forefront, developing the core technology needed for this transformation and is poised to gain significant global attention.”
Yurika, CEO of Adler, expressed her commitment to the future, stating, “We aim to secure the technological capability and profitability needed to forge long-term synergies with Kakao in the VR ecosystem, including platforms like Apple Vision Pro and Meta Quest.”
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