[Korean Startup Weekly News #42] RideFlux Secures $18.6 Million in Series B to Advance Autonomous Driving Tech

11/3/2024

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

Headline

RideFlux Secures $18.6 Million in Series B to Advance Autonomous Driving Tech
RideFlux raises $18.6M in Series B, boosting its path to leading Korea’s unmanned driving tech development

Check out the latest funding news for Korean startups

Hopae Secures $4.5M Seed Funding for Decentralized Identity Solution
Hopae secures 6B KRW (4.5M USD) in seed funding to develop its decentralized identity solution. This technology, crucial for secure online transactions, is gaining global traction especially in Europe.

Meet startups that are striving for global expansion through exclusive interviews

[Korean Startup Interview] TIM Robotics Innovates with SLAM Technology to Transform Brownfield Sites
TIM Robotics develops SLAM technology for autonomous robots & forklifts, enabling precise navigation in both new and existing industrial facilities.

[Korean Startup Interview] How Beberia’s Innovative Platform is Transforming Parenting in Vietnam
Beberia, founded by Noa Lee, dominates Vietnam’s baby product market, reaching 70% of Vietnamese mothers and helping Korean brands adapt to local needs.

[Korean Startup Interview] Beyond K-Beauty: Your Choice’s Mission to Enhance Skin’s Natural Health
Your Choice is transforming K-beauty with a focus on natural, healthy skincare, developing products that support skin’s self-recovery abilities.

Hudson AI’s Timbr Revolutionizes Creator Content with Multilingual AI Dubbing
Hudson AI’s Timbr transforms content creation with AI dubbing, enabling creators to engage global audiences in multiple languages.

Watcha Reaches Quarterly Break-Even Point with New Business Models and Growth
Watcha reaches break-even in Q3 2023 through new revenue streams like pay-per-view content, efficient marketing, and global expansion of K-content.

SBA and ventureLAB Sign MoU to Boost Seoul and Toronto Startup Exchange
Seoul Business Agency partners with Canada’s ventureLAB to help AI startups expand between Seoul and Toronto markets through mutual support.

Red Dog Culture House Partners with Pierrot for Groundbreaking Animation Projects
Red Dog Culture House partners with Japan’s Pierrot to produce globally targeted animations, starting with ‘Latna Saga: Survival of a Sword King.

Kangsters’ Wheely-X Honored as One of Time Magazine’s Top Inventions of 2024
Wheely-X by Kangsters, enabling indoor aerobic exercise for wheelchair users, recognized in Time’s 200 Best Inventions of 2024.