Seoul, South Korea – Wrtn Technologies, a home‑grown artificial‑intelligence services platform, announced Wednesday that it closed a Series C financing round of approximately 100 billion won (about $72.2 million). The new capital lifts the company’s valuation to more than 1 trillion won, roughly $722 million.
Funding details and investors
The round pushes Wrtn’s cumulative fundraising to roughly 230 billion won ($166 million). New participants include Coreline Ventures and Eugene Asset Management, joining existing backers such as Goodwater Capital and Korea Development Bank.
Revenue growth and product performance
Wrtn highlighted rapid traction for its North‑American‑focused AI entertainment platform, OOC. Within three months of its May launch, OOC generated over 10 billion won ($7.22 million) in monthly revenue. The company projects total revenue for the current year to exceed 200 billion won, a substantial increase from 47.1 billion won recorded last year.
Plans for expansion and user protection
Management said the fresh funds will be directed toward overseas expansion and enhancements to its service suite. In particular, Wrtn is preparing stricter safeguards for teenage users of its AI entertainment platform, Crack. Planned measures include time‑use limits, stronger parental‑consent procedures and lower spending caps.
Implications for the AI sector
Wrtn’s fundraising success underscores growing investor confidence in Asian AI innovators that blend entertainment, content creation and user‑generated media. By securing both domestic and foreign capital, the company is positioned to compete more aggressively on the global stage while maintaining a focus on responsible usage for younger audiences.
While the company’s headquarters remain in Seoul, the announced expansion plans suggest a broader push into North American markets, where demand for AI‑driven entertainment solutions continues to rise.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
