Artificial intelligence (AI) service platform Wrtn Technologies has begun full-fledged preparations for an initial public offering (IPO).
Wrtn said on the 2nd that it sent a request for proposal (RFP) to major domestic securities firms to select IPO underwriters. Wrtn aims to choose its underwriters within this month and list after next year.
Wrtn said it was valued at more than 1 trillion won through a recent series C funding round of 100 billion won. Its cumulative fundraising totals about 230 billion won.
Lee Se-young, head of Wrtn, said, "Over the five years since our founding, we have established ourselves as a leading AI service corporations in Korea," and added, "We will strive for greater growth on a broader global stage and make sure there is no letup in creating AI services that are safe and trustworthy for users."