Wrtn Reported Unicorn, Raises 100 Billion Won

Tech

Wrtn Reported Unicorn, Raises 100 Billion Won

11 sourcesUpdated Aug 26, 2026

Wrtn Technologies, a Seoul-based AI services platform, secured about 100 billion won ($72 million) in a Series C round, valuing the company at over 1 trillion won and making it the first Korean AI service startup to reach that threshold. The round brought total funding to roughly 230 billion won, with new investors Coreline Ventures and Eugene Asset Management joining alongside existing backers such as Goodwater Capital, Antler Global, Woori Venture Partners, and the Korea Development Bank. The company is accelerating its international expansion, with its OOC content platform launched in North America and quickly generating significant overseas revenue that now outweighs domestic figures. Wrtn expects 2026 revenue to exceed 200 billion won, signaling rapid growth and a favorable revenue multiple relative to its valuation. It is also strengthening user protections, including time limits for minors, enhanced parental consent, spending caps on Crack, and participation in industry self-regulation efforts. The funding underscores Wrtn’s push to scale globally while balancing rapid monetization with safety and governance across its AI entertainment offerings.

In this story:WRTN-LD

Where do you stand?

WRTN-LD

More on this story

Back to News

Photo: Lana / Wikimedia Commons (Pexels)

Business

Shein Plans Hong Kong IPO Valuation Around $25B

Shein is pressing ahead with a Hong Kong IPO, targeting a valuation around $25–40 billion and aiming to raise roughly a few billion dollars after investors saw the company’s peak $98 billion valuation shrink in recent years; previous NY and London listings fell through. The company touts its LATR technology, rapid global growth to about 273 million active customers, and strong inventory turnover while pledging at least a 50% dividend post-listing, but faces risks including potential US tariff policy changes and questions over returning to prior growth rates.

5 sources

Photo: Brett Sayles / Wikimedia Commons (Pexels)

Business

River AI Raises $1.1B for Open-Weight AI Full Stack

River AI has raised about $1.1 billion in seed and Series A funding led by General Catalyst and AMP PBC, with strategic investment from NVIDIA and AMD Ventures, and is aiming to create AI that belongs to users rather than labs. Its River API enables LoRA fine-tuning and reinforcement learning on frontier open-weight models, allowing developers to train and deploy personal, continually improving AI while highlighting a multi-billion-dollar valuation in coverage of the round.

Right

00%

Other

9

Total sources11

Last updatedAug 26, 2026

Does this breakdown look right?

How it spread

Broke Bloomberg · Aug 25, 10:30 PMLeft within the hour11 sources +11h on

Claim check

What each side asserts, disputes — or leaves out entirely.

Analyzing the coverage…

Where do you land?

Whose framing of this story rings truest to you?

Coverage

The Korea TimesLean LeftWRTN raises $72 mil. in Series C funding round - The Korea Times

en.sedaily.comOtherWrtn Raises 100 Billion Won, Becomes First Korean AI Service Unicorn

thesaasnews.comOtherWrtn Technologies Raises $72.1M Series C

Comments

Ask this story anything:

Free account · your comment posts right after signup

18 sources

Business

Anduril Near $100B Valuation in Talks

Anduril is in early discussions for a new funding round that could push its valuation to about $100 billion, potentially via a two-stage process with a second round at a higher valuation within a year, following a $61 billion round in May 2026 and rapid growth in drones, software, and missiles amid U.S. conflicts. The talks reflect growing investor appetite for defense-tech startups and could place Anduril near Lockheed Martin in value, with company spokespeople noting that no financing decisions have yet been made.

20 sources