Upstage, Kuntech, Taming Lab Attract Investment [Weekly VC Trends]

[Financial News] Artificial intelligence (AI) startup Upstage, convergence security company Kuntech, and luxury watch recommerce Taming Lab have successfully attracted investment.
According to the venture capital (VC) industry on the 24th, Upstage has successfully attracted a 62 billion won Series B bridge investment. This investment was led by Korea Development Bank, with global companies Amazon and AMD newly joining.
Additionally, Intervest, KB Securities, Primer Sazze, Shinhan Venture Investment, Mirae Asset Venture Investment, and Premier Partners participated. The accumulated investment amount is approximately 200 billion won.
Upstage emphasized that this investment attraction has laid the foundation for a full-scale leap into the global AI market beyond Korea. They plan to further accelerate their penetration into the global AI market through the technological advancement of key AI product lines, such as the frontier-level proprietary language model 'SOLAR' and document processing solutions.
Kuntech attracted Series A investment. This investment included Hyosung Ventures, NH Venture Investment, and NH Investment & Securities as joint investors.
Kuntech is securing a leading position and technological prowess in the convergence security domain, including software supply chain security, OT/embedded security, and virtualization security verification. In particular, it possesses the only 'Level 4 virtualization technology' in Korea and has long-accumulated supply chain security experience.
Taming Lab, which operates the luxury watch recommerce 'What Time', attracted pre-Series A investment. New investors 500 Global, ZD Ventures, and existing investor Mashup Ventures decided to invest.
What Time is a B2B-based recommerce model that connects domestic consumers with overseas professional buyer networks. It secures watches from consumers through a real-time appraisal and pricing system and instantly connects them to a network of over 20 professional resellers in more than four countries, including Japan, Hong Kong, the United States, and China.
Yoo Ho-yeon, CEO of Taming Lab, stated, "Taming Lab aims to create a market environment where customers can sell watches quickly at higher prices anytime, anywhere," adding, "We will make Korea the center of the luxury watch market by solidifying the import structure as well as overseas exports."

stand@fnnews.com Seo Ji-yoon Reporter