South Korean AI services platform Wrtn Technologies said it raised about 100 billion won (US$72.2 million) in a series C round on Aug. 26, valuing the company at more than 1 trillion won (US$722 million).

The round brings Wrtn’s total fundraising to about 230 billion won (US$166 million).

New investors include Coreline Ventures and Eugene Asset Management, alongside existing backers Goodwater Capital and Korea Development Bank.

Wrtn said it would use the funding to expand abroad and improve its services.

The company is also preparing stricter safeguards for teenage users of Crack, its AI entertainment platform, including time-use limits, stronger parental consent procedures, and lower spending caps.

Wrtn said OOC, its North America-focused AI entertainment platform, reached 10 billion won (US$7.22 million) in monthly revenue within three months of its May launch.

The company expects 2026 revenue to exceed 200 billion won (US$144 million), up from 47.1 billion won (US$34 million) last year.

🔗 Source: Reuters