Wrtn Technologies, an artificial intelligence service platform based in South Korea, said it has closed a Series C financing round worth about $69 million, valuing the company at $870 million. The company said the new capital will be used mainly to support its expansion into global markets. New investors in the round included Coreline Ventures and Eugene Asset Management. Existing backers also continued their support, including Goodwater Capital, Antler Global, Woori Venture Partners, Korea Development Bank, and Capstone Partners. The announcement was reported by ChainCatcher.
Wrtn Technologies, an artificial intelligence service platform in South Korea, has completed a Series C round of about $69 million at a company valuation of $870 million, according to ChainCatcher.
The company said the proceeds will be used mainly to drive its expansion in global markets.
Coreline Ventures and Eugene Asset Management joined the round as new investors. Existing shareholders also backed the financing, including Goodwater Capital, Antler Global, Woori Venture Partners, Korea Development Bank, and Capstone Partners.
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