[Korean Startup Weekly News #45] Panmnesia Secures $60M Series A, Valued at $255M for Cutting-Edge CXL Tech

11/24/2024

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

Headline

Panmnesia Secures $60M Series A, Valued at $255M for Cutting-Edge CXL Tech
Korean semiconductor fabless startup Panmnesia secures $60M, focusing on CXL 3.1 IP and switch chips, solidifying its leadership in next-gen memory tech with global partnerships.

2024 Public-Private Partnership Open Innovation Conference Highlights Synergy Between Startups and Corporations
Key innovations and successful collaborations were showcased at the MSS’s 2024 Open Innovation Conference, fostering a new era of corporate cooperation.

Check out the latest funding news for Korean startups

Kookmin Bio Secures $2.5 Million in Series B, Total Investments Exceed $7.5 Million
Korean startup Kookmin Bio raised $2.5M in Series B funding to advance microbiome-based bio drugs and health foods, focusing on sarcopenia, obesity treatments, and personalized solutions.

POSTMATH Secures $2.05M Series A to Expand Its Math Edtech Platform
Postmath, a Korean startup behind “Math Assistant,” secured $2.05M Series A funding to enhance its edtech platform, offering innovative tools for educators and expanding globally in 2025.

Gurucompany Raises $1.48M to Expand B2B Webtoon and Web Novel Solutions
Gurucompany secured $1.48M in pre-Series A funding to expand its B2B webtoon platform, Treasure Island, which boosts user engagement and revenue for companies and explores global expansion opportunities.

MID Secures $1.44 million to Advance Space-Grade Components Development
Korean space components company MID secured $1.44 million in funding to expand R&D, facilities, and its supply chain, advancing space-grade technologies and industry leadership.

Webaresoft Secures Investment to Expand API Management with Rust-Based ‘OSORI’
Webaresoft, a Korean startup, secured funding to enhance its Rust-based API management solution, OSORI APIM, expand globally, and develop AI-powered integration platforms.

Wideuse Partners with CNTTech to Drive Innovation in Cost-Effective Logistics Solutions
Wideuse, a Korean smart logistics company, received investment from CNTTech to launch cost-effective solutions, enhancing service and competitiveness for small to medium-sized distribution businesses.

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.

Naver Partners with Saudi NHC to Expand Digital Transformation Efforts
Naver and Saudi Arabia’s NHC are forming a joint venture to develop a digital twin platform, supporting Vision 2030 initiatives and expanding Naver’s tech presence in the Middle East.