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• Period : 23 SEP. ~ 28 SEP., 2024

Catch up on last week’s top stories from the startup ecosystem in the Korean Startup Weekly News.

Headline

Wemeet Mobility Secures ₩20 Billion in Series B Funding for AI-Driven Logistics Solutions
Wemeet Mobility, operator of AI mobility solution Roouty, raised ₩20 billion ($15M USD) in Series B funding to enhance logistics efficiency and expand market reach

Korean Government News

Latest Funding News

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UNASTELLA Secures $14.6M to Advance Manned Space Launch Vehicles and Technology
UNASTELLA secured $14.6M to advance electric motor pump engine technology and develop manned space launch vehicles, aiming to commercialize microgravity platforms and satellite launch services.

Mediwale’s Medical AI Technology Secures Funding for Cardiovascular Disease Prediction
Mediwale raised $11.9 million in Series B2 funding. The company’s AI technology can predict cardiovascular disease using a simple eye scan. Mediwale plans to expand its product line and gain FDA approval.

AIDIN ROBOTICS Secures $11.2M Series B to Expand Global Robot Force-Torque Sensor Market
Korean robotics startup AIDIN ROBOTICS raised $11.2M in Series B funding to scale production, enhance force-torque sensor technology, and expand globally, supported by key investors.

Superb AI Raises $10M to Expand Vision AI and Target U.S. and Japan
Superb AI, an AI vision solution provider, raised $10M in Series C funding. The company will focus on global expansion, strategic partnerships, and a 2026 IPO.

Chabot Mobility Secures 12B KRW in Series C, Aiming for Auto-Commerce Expansion and IPO
Chabot Mobility secured 12 billion KRW in Series C funding to grow its auto-commerce platform, improve its profit structure, and prepare for a planned IPO in 2026, with strategic investor collaborations.

ASWEMAKE Raises $8.3M to Accelerate Digital Transformation in Grocery Industry
Aswemake secured 11 billion KRW in Series B to accelerate the digital transformation of grocery marts through its Q-Market platform, aiming to onboard 2,000 partner marts in Korea and expand internationally to Japan.

Daedongyeojudo Raises $7.5M from SinAju Group to Revolutionize Korean Traditional Liquor
Daedongyeojudo secured $7.5M from SinAju Group to boost Korean traditional liquor production, expand globally, and develop premium products through brewery investments and industry support.

Fitogether Secures $7.2M Investment to Expand EPTS in U.S. and Qatar Markets
Fitogether, a Korean sports tech company, raised $7.2M to expand its EPTS technology globally, partnering with Aspire Academy and showcasing its system in the U.S. MLS Innovation Lab.

FINIT Secures 7B KRW Series A Funding, Expanding Globally with AI-Powered Investment Insights
Finitt, a fintech company, raised 7 billion KRW in Series A funding. It offers a stock analysis tool called PowerMap. Finitt plans to expand globally and launch a generative AI service in 2025. Investors believe in Finitt’s potential to disrupt the day trading market.

SSenStone Gains $4.5M Investment to Drive Expansion in Global OT Security Market
SSenStone, a Korean security firm, secured $4.5M in investments to expand its OTAC technology globally, targeting the operational technology (OT) security market.

LiveKlass Gains 4 Billion KRW Funding for Expansion in Creator Economy
With a 4 billion KRW Series A funding led by Murex Partners, FutureScholé’s LiveKlass platform is set to expand its offering for knowledge creators in the rapidly growing D2C SaaS market.

‘23rd Century Kids’ Secures $900K to Lead Virtual Idol Market with New Boy Group
‘23rd Century Kids’ raised $900K to develop virtual artists and a boy group, aiming to revolutionize entertainment through advanced digital techniques and fan engagement inspired by K-pop.

Sasung Power Secures 500 Million KRW Pre-Series A Funding for Structural Battery Development
Korean venture SASUNG POWER secures 500 million KRW for practical structural batteries, combining structural support and energy storage in a single, innovative component.

Three Startups Emerge from Hyundai’s Venture Program Securing Pre-Series A Funding
Hyundai Group’s three spinoff startups have successfully attracted pre-Series A investments, focusing on semiconductors, battery sharing, and recycling.

AgTech startup Modern Secures Investment to Expand GABA and Stevia Tomato Production
Modern, a Korean AgTech startup, secured funding to expand GABA and stevia tomato production, enhance smart farming, strengthen R&D, and grow its presence in domestic and international markets.

DIDEN Robotics Secures Seed Funding for Innovative Quadruped Robot Solutions
DIDEN Robotics raised seed funding to develop quadruped robots with magnetic feet, targeting automation in high-risk industries like shipbuilding and petrochemicals.

• Galloping Secures Investment for AI-Powered Soccer Training Service
• AIM Intelligence Secures Seed Funding for Generative AI Security Solutions
• Booming Studios Secures Seed Funding to Transform Genre Music Content Platform
• CNTTech Invests in Littleone to Boost Global Growth in Infant Healthcare Tech
• Hifen’s ‘Ugwanggi’ Attracts Investment from TheVentures to Revolutionize YouTube Ad Analysis
• Bueno Company Raises Funds from The Invention Lab for ‘Groket’ UX Improvements
• Korean Education Partners Raises $450K in Seed Funding to Advance AI-Driven Career Education

Korean Startup Interview

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[Korean Startup Interview] How SIJE is Automating the Future of Garment Production
Korean startup SIJE leverages real-time data and AI to revolutionize apparel manufacturing, boosting efficiency, lowering costs, and preparing for a global market expansion.

[Korean Startup Interview] IDeA Ocean: Streamlining Robotics with Autonomous Mechanism Design
METHEUS by IDeA Ocean revolutionizes robot design with AI-driven mechanisms, cutting costs and speeding development, targeting service robots and mobility.

Korean Venture Capital News

Startup Alliance Connects Korean Startups with Japanese Firms at 11th Japan Bootcamp
Startup Alliance Korea’s ‘Japan Bootcamp’ connected Korean startups with Japanese firms and investors, focusing on eco-energy, mobility, SaaS, and AI, fostering market insights and collaboration.

Others

KSF and S-Tron Form Strategic Partnership to Bridge Korea-China Startup Ecosystem
KSF signed an MOU with S-Tron at ‘S-Tron Shanghai 2024’ to strengthen Korea-China startup ties, exchange networks, and foster collaboration ahead of ComeUp 2024 in Seoul this December.

Naver to Establish Middle East HQ in Saudi Arabia, Expanding Global AI Projects
Naver plans to establish “NAVER Arabia” in Saudi Arabia, partnering on national tech projects like AI and digital twins, while exploring joint ventures to expand its B2B business across the Middle East.