• Subscribe to our Newsletter on LinkedIn
• Click here for daily startup news in Korean
• Period : 23 DEC. ~ 29 DEC., 2024

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

Headline

Hyper Accel Raises $41 Million to Boost AI Semiconductors for LLMs
With $41.2M raised, Hyper Accel aims to lead the global LLM AI semiconductor market, enhancing data center efficiency and reducing costs.

Latest Funding News

Check out the latest funding news for Korean startups

PinTherapeutics Targets Clinical Trials and Growth with $15.4M Series C Investment
PinTherapeutics raised $15.4M in Series C funding to advance TPD drug development, secure clinical trial approvals, expand pipelines, and pursue global partnerships, IPO readiness, and long-term growth.

Value of Space Raises $3.4M in Series A Bridge to Drive Real Estate Loan Digitalization
Value of Space secured $3.4M to expand its AI-driven real estate valuation and loan brokerage system, PIPER, digitalizing secured loans and enhancing financial efficiency.

VPPlab Secures Series A Funding for Virtual Power Plant Platform ‘flow-V’
VPPlab, a Korean startup specializing in virtual power plant technology, secured Series A funding. Known for low prediction error rates, it excels in renewable energy forecasting, ESS brokerage, and EV charging solutions.

IEG Secures $3.8M Investment to Expand Global Leadership in Technical Education
IEG, a South Korean educational equipment developer for the Fourth Industrial Revolution, secured KRW 5 billion ($3.8M) to expand globally, advance technology, and achieve IPO ambitions.

Ecoremix Secures Seed Funding to Advance Sustainable Concrete and Recycling Technologies
Ecoremix CEO Hojae Song stated, “This funding allows us to enhance our AI-driven services and strengthen partnerships with construction companies. With our advanced technology, Ecoremix aims to lead the sustainable construction materials market.”

Brain Ventures Raises Seed Funding to Drive Growth in AI Natural Language Processing
Brain Ventures, a Korean AI natural language processing startup, secured seed funding to enhance services like OCR, translation, and AI scoring, highlighting its strong technical capabilities and growth potential.

Celeste Secures Funding to Revolutionize Food Distribution with Manimani Platform
Celeste, a South Korean food startup, secured funding from NewKids Investment to expand its “Manimani” platform, innovating food distribution by combining offline experiences with online convenience.

ZEST Secures SparkLabs Funding to Advance AI-Driven Sustainable Construction Solutions
ZEST, with SparkLabs’ support, expands BuildChain’s database and advances AI-driven sustainable construction solutions, reducing carbon emissions and promoting green certifications.

MEDITULIP Leads Surgical Innovation with Genaxis Backing and Global Expansion Goals
MEDITULIP, a Korean medical device firm, secured Genaxis investment to advance innovative surgical devices, aiming for FDA approval and global market expansion.

Ideal Lab Secures Investments to Expand “igogo,” a Platform for Kids’ Experiential Learning
Ideal Lab’s “igogo” platform simplifies experiential learning for kids with a marketplace and digital tools. Backed by new investments, it plans to expand its offerings and market presence.

Korean Startup Interview

Meet startups that are striving for global expansion through exclusive interviews

[Korean Startup Interview] Deepvisions: Revolutionizing Air Pollution Monitoring with AI-Powered Vision Technology
Deepvisions’ ‘Vision Plus’ uses CCTV to measure particulate matter with 85-90% accuracy, offering a cost-effective, real-time solution for various sectors.

[Korean Startup Interview] From Text to CAD: How Herewe’s EaseAI Is Revolutionizing Product Design
Herewe’s EaseAI revolutionizes manufacturing by swiftly converting text or sketches into CAD designs. Backed by major clients and global investors, the company is expanding into the U.S. market.

[Korean Startup Interview] How Codepresso Is Shaping the Future of HR SaaS and Developer Recruitment
Codepresso aims to revolutionize the developer recruitment market with its cutting-edge HR SaaS platform, expanding services globally.

Korean Venture Capital News

Others

Ten Naver D2SF Startups to Showcase Innovative Technologies at CES 2025
Ten Naver D2SF startups to showcase AI, immersive tech, and mobility solutions at CES 2025, with four winning Innovation Awards for cutting-edge tech.

Vueron Technology to Unveil Zero-Cost LiDAR Solution at CES 2025
Vueron Technology is showcasing VueX, a zero-cost LiDAR solution at CES 2025, following successful Series A funding of 22B KRW for global market expansion.

Cream to Showcase Enhanced AI Webtoon Assistant at CES 2025
Cream is showcasing AI webtoon assistant “AiD” at CES 2025, featuring real-time drawing capabilities and custom character creation within one hour.

Below are interviews with ten startups participating in the ‘K-Startup Grand Challenge,’ a program designed to assist international startups in entering the Korean market.

• [KSGC Interview] 24TTL Korea, “Transforming E-Commerce Experiences in a Competitive Market”
• [KSGC Interview] Jaggle.AI: An Ambitious Startup from Bhutan Setting Its Sights on Asia, Especially Korea
• [KSGC Interview] Lumitics Targets Korean Market with AI-Driven Food Waste Reduction Technology
• [KSGC Interview] OneDegree Global : ‘Bringing Cutting-Edge AI Security and Insurtech Solutions to Korea’
• [KSGC Interview] Greyd, “Bridging Korean SMEs to Global Markets Through Innovative Video Review Campaigns”
• [KSGC Interview] Amatelus’ SwipeVideo: “Revolutionizing Personalized Video Viewing Experiences”
• [KSGC Interview] Pettinee Brings Telemedicine Innovation to Korea’s Growing Pet Care Market
• [KSGC Interview] YJ Electric: “Transforming Agriculture with Smart Farms in the Korean Market”
• [KSGC Interview] Nanodropper, “Tiny Drops, Big Vision. Revolutionizing Eye Care with Precision Micro-Droplet Technology”
• [KSGC Interview] MONA Bridges Businesses and Communities for Sustainable Impact in Korea