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 funding so far. This time, Coreline Ventures and Eugene Asset Management joined the Series C round as new investors, while existing investors including Goodwater Capital, Antler Global, Woori Venture Partners and the Korea Development Bank also participated. Coreline Ventures is a U.S.-based venture capital firm with offices in Silicon Valley and Tokyo. It has invested in promising companies in the consumer and business-to-business technology markets in Korea, the U.S. and Japan. Coreline Ventures’ major portfolio companies include Korea’s mobile giant Kakao and China’s Happy Elements, which is known for casual game franchise Ensamble Stars. Osuke Honda, co-founder and managing partner of Cor