South Korea

StealthMole raises $7M Series A for its AI-powered dark web intelligence platform 

StealthMole, an AI-powered dark web intelligence startup that specializes in monitoring cyber threats and detecting cybercrime, announced Thursday that it has raised a $7 million Series A funding roun

Bear Robotics, a robot waiter startup, just picked up $60M from LG

LG Electronics may no longer be a household name in smartphones, but it still sees a big future in gadgets like robots. Today, the company confirmed a $60 million investment in Bear Robotics, the Cali

This Korean startup wants to take on Carta in cap table management

A South Korean startup called QuotaLab is on a quest to follow in the footsteps of Carta, the cap table management company that’s used by a host of startups and investors in the U.S. Carta start

Don’t ignore Asia tech

A lot can change in 12 years. When I joined TechCrunch in 2012, I was the only writer it had based out of Asia. For several years, it often felt like I was writing to correct misperceptions I saw in m

Mark Zuckerberg woos Big Tech in Asia to double down on AI chips

Meta CEO Mark Zuckerberg, who is touring Asian countries this week, said in a meeting with South Korean President Yoon Suk Yeol on Thursday that Meta wants to beef up its cooperation with Samsung Elec

Techtaka raises $9.5M for its e-commerce fulfillment service

Techtaka, a South Korean online shopping fulfillment startup that provides third-party logistics services for e-commerce sellers, has raised $9.5 million (12.6 billion KRW) in a Series B round of fund

Samsung chief Jay Y. Lee acquitted in 2015 merger case  

Samsung Electronics executive chairman Jay Y. Lee has been declared not guilty on the charge of stock price manipulation and accounting fraud related to the merger of Samsung affiliates in 2015, a Sou

Rebellions lands $124M to develop its new AI Rebel chip with Samsung

Rebellions, a South Korean fabless AI chip startup, said today it has closed $124 million (165 billion KRW) in a Series B round of funding to develop its third AI chip, called Rebel. The startup will

Aniai is bringing a burger-cooking robot to restaurants with $12M

Aniai, a startup that has built a burger-grilling robot, Alpha Grill, said today it has raised $12 million, bringing its total raise to $15 million. The money will go toward launching its first manufa

Terraform Labs files for Chapter 11 bankruptcy 

Singapore-based Terraform Labs (TFL), the company behind digital assets TerraUSD (UST) and Luna, filed for Chapter 11 bankruptcy in Delaware following the collapse of its cryptocurrencies in 2022. Te

Korea’s Myrealtrip cashes in on travel rebound with $56M in new funding

Myrealtrip is the latest travel tech company to ride a growing post-pandemic tourism industry. The Seoul-based startup said today it has raised $56.7 million (75.6 billion KRW) in a Series F equity ro

LG opens its first US EV charging factory in Texas 

LG Electronics has opened its first electric vehicle (EV) charger facility outside of South Korea — in Fort Worth, Texas — to capture a share of North America’s competitive EV chargi

Korean micromobility startup Gbike may buy up the competition before its 2025 IPO

While micromobility companies around the globe have been in limbo and hitting snags like bankruptcy, shutdown and layoffs, a Seoul-based shared e-scooters and e-bikes operator called Gbike is gea

Dog cancer treatment ImpriMed aims to expand its AI technology into human oncology

ImpriMed, a California-based precision medicine startup, builds AI-powered dog cancer treatment technology that helps veterinarians identify the most suitable drugs for individual canine and feline bl

Line Next secures $140M funding for its web3 platform

Line Next, a web3 unit of the Japanese messaging app Line, raised $140 million in its funding led by Crescendo Equity Partners, a Peter Thiel-backed private equity firm in South Korea, to expand its w

Kakao names Shina Chung, previously its VC lead, as new CEO amid ongoing crisis 

South Korean internet giant Kakao — in the middle of multiple investigations over antitrust and securities violations — has appointed a new CEO as it tries to turn the ship around. Shina C

Twitch to shut down in Korea over ‘prohibitively expensive’ network fees

Twitch, the popular video streaming service, plans to shut down its business in South Korea on February 27 after finding that operating in one of the world’s largest esports markets is “pr

South Korea to launch digital currency pilot with 100,000 residents next year

The Bank of Korea (BOK) rolled out details on its pilot program for its retail central bank digital currency (CBDC), stating that 100,000 selected Korean citizens will join the trial in the fourth qua

Samsung unveils ChatGPT alternative Samsung Gauss that can generate text, code and images

Just a few days after OpenAI’s developer event, Samsung unveiled its own generative AI model, Samsung Gauss, at the Samsung AI Forum 2023. Samsung Gauss, developed by the tech giant’s research

Korea Investment Partners is the latest Korean VC firm to launch a Southeast Asia fund

More South Korean investors are putting money into Southeast Korea startups, creating an “investment corridor” between the two regions. The latest one is KIPSEA. Short for Korea Investment Partner
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