The startup founded by Namkoong Whon, the former CEO of South Korea’s major online platform Kakao Corp., provides services that allow users to create and customize their own AI characters.Beeble Inc., an AI virtual studio operator for filmmakers, secured a seed capital of 6.5 billion won, while Sionic AI Inc., a generative AI solution developer, raised 5.5 billion won.
Venture capitalists and other investors focused on startups with solid business models and expert employees, given the sustained funding drought, industry sources said.“Only proven entrepreneurs with track records of successful exits secured large seed money,” said an investment banking industry source.
The startup established by CEO Song Kiyoung, a co-founder of another South Korean AI startup Sualab Co., along with AI and robotics experts in April is currently focusing on developing an elaborate robotic arm.“The company has talent in both AI software and hardware controller development, which is critical for humanoid robots,” said Stonebridge Ventures Chief Investment Officer Choi Dong Youl, who led the seed round.
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