[Korean Startup Weekly News #32] PIP Labs’ Story Secures USD 80M Funding to Revolutionize IP and Generative AI

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Headline

PIP Labs’ Story Secures USD 80 million in Series B Funding to Revolutionize IP and Generative AI PIP Labs raised 109.2 billion KRW (USD 80 million) in Series B led by a16z crypto to expand its Story platform, empowering creators to protect and monetize IP using blockchain and generative AI.

Latest Funding News

Check out the latest funding news for Korean startups

Storelink Raises 20 Billion KRW to Drive Global Expansion and Innovation With 20 billion KRW (15 million USD) Series C funding, storelink aims to boost global presence, expand localization efforts, and strengthen revenue.

Payhere Secures Additional 15 billion KRW in Series B2 to Enhance all-in-one Store Management Solution ????｜Payhere Inc. secured $11.3M in Series B2 funding, surpassing $37.7M total. The cloud-based POS startup is rapidly expanding, offering innovative, all-in-one store management solutions.

Readi Robust Machine Raises $5.5M to Revolutionize Hydraulic Energy Reuse Readi Robust Machine secures $5.5M in Series A funding to expand its hydraulic energy reuse system, READiX, which reduces fuel consumption and carbon emissions in heavy equipment.

WEFLO Secures KRW 2.5 Billion in Pre-Series A Bridge Funding for Future Mobility AI WEFLO Inc. , a Korean AI startup focused on future mobility, raised KRW 2.5 billion in Pre-Series A Bridge funding to advance its technology in the Advanced Air Mobility (AAM) market.

ISKRA Secures Substantial Funding from Coinbase Ventures, GSR and Planetarium Labs Iskra , a Korean Web3 blockchain platform, secured strategic investments from Coinbase Ventures, GSR, and Planetarium Labs to expand its BASE chain-based ecosystem.

Boostree Partners Secures Pre-Series A Funding to Revolutionize AI Skincare South Korean AI skincare startup Boostree Partners raised pre-Series A funding from Genaxis, growing rapidly with 35 clinics onboard just 3 months after launch.

Differential Privacy Innovator CUBIG Gains New Funding for Global Growth Differential privacy startup CUBIG, backed by CNT Tech and DB Capital, aims to address AI data shortages and enhance data security.

CJ ENM Strategically Invests in PulseAd, Enhancing Its Global Retail Media Operations PulseAd , a Korean adtech startup, received strategic investment from CJ ENM, enhancing its global retail media platform and technological advancements in AI and machine learning.

Revolutionizing Music IP Management: Naivy Secures Investment from RBW and KakaoBank Naivy, a Korean music tech startup, has received investments from RBW and KakaoBank. It offers innovative solutions like 'Plam.in' and 'HREUM de salon' for music IP management.

Rootrix Secures $900K to Transform Tree Distribution with Digital Innovation rootrix raises $900K to automate tree distribution, boosting growth in landscaping and promoting carbon offset benefits.

Metainnotech Secures 1 Billion KRW Funding for Inter-Floor Noise Reduction Solutions Metainnotech, specializing in inter-floor noise reduction, has secured 1 billion KRW in funding and KODIT’s 'Little Penguin' support, advancing their innovative solutions for apartment noise issues.

‘LEE MOBILITY’ Secures Seed Funding for Innovative EV Fire Suppression Technology LEE MOBILITY, a South Korean startup, secured seed funding from BluePoint Partners for its innovative EV fire suppression technology, which drastically reduces response time and enhances safety.

Studio Kico’s Social Map App Pinderland Secures Seed Investment Pinderland, by Studio Kico, has raised seed funding. The app lets users share and explore locations with friends, aiming for global expansion by 2026.

Workvisa Secures Pre-Seed Investment from MYSC to Enhance Job Matching for Foreigners Workvisa, a Korean startup, received pre-seed investment from MYSC to develop a job matching platform aimed at resolving employment and visa issues for foreigners in Korea.

Korean Startup Interview

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[Korean Startup Interview] REPLA: Transforming Plastic Recycling with Microbial Innovation REPLA uses a unique microorganism-based technology to purify PP plastics, boosting recycling efficiency and helping the environment by reducing plastic waste.

[Korean Startup Interview] Mediark: Revolutionizing Patient Diagnosis and Doctor Efficiency with AI-Based Medical Interview System Mediark, a Korean medical startup, improves patient-doctor communication with AI-based medical interview services, reducing consultation time and language barriers, enhancing diagnosis accuracy.?

Korean Venture Capital News

Atinum Investment Leads $7 Million Series A Extension Round for SleekFlow Atinum Investment led a $7 million Series A extension round for SleekFlow ｜ 整合行动通讯 客户沟通团队平台 , a Singapore-based omni-channel conversational AI developer, helping secure a total of $15 million in funding to date.

Wanted Lab Expands into Japan with Strategic Investment in LAPRAS ???? has made its first overseas investment in Japan's LAPRAS Inc. to integrate AI in recruitment, aiming to revolutionize Japan's headhunter-driven market.

Springcamp Opens Palo Alto Hub to Accelerate Korean Startups in Global Market Springcamp , a Korean venture capital firm, is launching a startup space in Silicon Valley, to support Korean startups with networking, resources, and accommodations, helping them expand globally.

Others

Asan Nanum Foundation Revamps Angel Fund for Global Impact and Climate Tech?????? (Asan Nanum Foundation) has updated its Chung Ju-yung Angel Fund strategy, emphasizing global startup support, climate tech investments, and expanding diverse investment opportunities

The 1st Korea AI International Film Festival, accepting entries until September 6 The Korea AI International Film Festival, hosted by Gyeonggi-do, will be held on October 25, featuring AI-generated content. Submissions are open until September 6, with $61,300 in prizes.