Kate Park

The Latest from Kate Park

Shield bags $15M Series A to address surging demand for its AI-powered communication compliance platform

Over the past two years, since the pandemic hit, there has been a sharp rise in financial crime compliance costs, nearing $50 billion in 2021, up 58% compared to 2019, in the U.S. and Canada.  Shiel

Web3Auth secures $13M from Sequoia India to simplify crypto onboarding and authentication

Web3 is seen as the future of the internet because it allows people to control their own data and digital assets, but crypto developers have been learning from the past when it comes to onboarding new

AmazeVR gets another $15M to forge the future of immersive concerts 

AmazeVR, a virtual reality concert platform that enables users to experience their favorite artists’ VR concerts through content generation tools, announced today it has secured $15 million, which w

Apple to allow third-party app payment options in South Korea

Apple has submitted its compliance plans to allow developers to use third-party payment options in South Korea at a reduced service fee, the Korea Communication Commission (KCC) said on Tuesday. The K

Korean car-sharing startup SOCAR has filed for an IPO   

SOCAR, a south Korean car-sharing startup, has filed for an initial public offering, announced on Wednesday by Korea Exchange. The details — the number of shares to be offered in the IPO and the

ianacare picks up $12.1M to fundamentally change the family caregiver experience

There are more than 54 million family caregivers in the United States. Working family caregivers spend an average of 25 hours a week caring for their loved ones on top of their full-time jobs, and u

AIMMO bags $12M Series A to advance data labeling technology  

Most artificial intelligence models are trained through supervised learning, meaning that humans must label raw data. Data labeling is a critical part of automating artificial intelligence and machine

SK Hynix gets China approval to take over Intel’s NAND business 

South Korean chipmaker SK Hynix said on Wednesday it has received merger clearance from the Chinese antitrust authority for its $9 billion acquisition of Intel Corp’s NAND and SSD (solid-state drive

Line is lining up an NFT service for next year

Japan-based messaging app Line Corporation, which is wholly owned by Z Holdings, will launch an NFT service next year via its new organization LineNext to provide the marketplace for companies and ind

Kurly lands $210M pre-IPO at a $3.3B valuation months after its last funding

  Just half a year after its last Series F round announcement, Korean online grocery startup Kurly has closed $210 million in a pre-IPO round from single backer Anchor Equity Partners, a Hong

ManageXR grabs $4 million seed round to scale XR business 

KakaoEntertainment subsidiary acquires fantasy fiction platform Wuxiaworld

    South Korean startup Kakao Entertainment announced today it has acquired Wuxiaworld, an Asia fantasy fiction platform, via its serialized fiction app subsidiary Radish to bolster the

Cylus raises $30M Series B to help protect trains and metros worldwide

As rail systems undergo a digital revolution and become far more connected and advanced, railway operators face a rapidly growing threat landscape. To combat this, railway companies demand more robust

Indonesian insurtech startup Fuse gets $25M Series B extension to expand further in Southeast Asia

Indonesia-based insurtech startup Fuse announced today it has secured $25 million of Series B extension round as it plans to enter more countries, including Thailand and Vietnam in Southeast Asia. The

Upmesh closes $7.5M pre-Series A, launches its livestream shopping app for Instagram Live merchants

Two months after its seed round announcement, Singapore-based startup Upmesh has raised a $7.5 million pre-Series A round led by Monk’s Hill Ventures. The new funding brings its total raised so

Indonesian fintech Flip secures $48M in Series B to support expansion

Flip, an Indonesia-based fintech startup, announced today it has raised $48 million in a Series B to accelerate its growth. The funding brings Flip’s total capital raised to $65 million.  Sequoia C

Samsung Electronics merges mobile and consumer electronics units, names new co-CEOs

Samsung Electronics announced today it has merged its mobile and consumer electronics units and unveiled its new leadership to replace its three major divisions leaders, effective starting today (Dece

Tamatem raises $11M Series B led by PUBG maker Krafton

Jordan-based mobile game publisher Tamatem announced today it has raised $11 million in a Series B led by KRAFTON, a South Korean game developer behind PUBG, marking its first investment in the Midd

Kakao Mobility picks up additional $55M funding at over $4.2B valuation 

Kakao Mobility, the South Korea-based mobility as a service (MaaS) startup behind Kakao T, a ride-hailing app, said it has raised an additional $55 million (65 billion won) from strategic investor GS

Korea’s P2P lending startup PeopleFund gets $63.4M Series C led by Bain Capital

South Korea-based peer-to-peer (P2P) lending platform PeopleFund announced today it has closed a $63.4 million (75.9 billion won) Series C round led by Bain Capital with participation from Goldman Sac
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