INFOGRAPHIC: Top Asian Startup Funding — Week 16
These are the funding deals we tracked in the Asian region this week – including Altum Credo, Uniqus Consultech, Beyond Odds Technologies, Wow! Momo and LightFury Games.
- South Korean AI Firm, Upstage Secures $72M for Expansion
- Altum Credo Secures $40M in Series C Funding
- India's ProcMart Raises $30M For Strategic Expansion
- Uniqus Consultech Raises $10M Led by Nexus Ventures for Expansion
- Beyond Odds Technologies Raises $11M to Revolutionize Grey-Collar Workforce Training
- Wow! Momo Raises $9 Million in Extended Series D Round
- LightFury Games Raises $8.5M in Scales Its Game Development
South Korean AI Firm, Upstage Secures $72M for Expansion
- Upstage, a South Korea-based AI company, has raised 100 billion won (approximately US$72 million) in a Series B funding round. Investors include SK Networks, KT Corp, Korea Development Bank, and Shinhan Venture Investment, with participation from SBVA (formerly SoftBank Ventures Asia).
- Co-founded in 2020 by Kim Seong-Hoon, former head of AI at Naver Corp, along with Lee Hal-Seok and Park Eun-Jung, Upstage offers document processing engines and a large language model called Solar. These technologies cater to various industries such as e-commerce, legal, and healthcare.
- With this funding, Upstage plans to expand its operations to Japan, Southeast Asia, and the US. The company's Series B round marks a significant increase from its previous funding of US$27 million in 2021.
