Liner, a Seoul, South Korea-based global AI search startup, has raised 27 billion won in Series B2 funding, bringing its total investment to 44 billion won.
Investors
The round was led by Atinum Investment and InterVest, with participation from Samsung Venture Investment and LB Investment. Existing investors Capstone Partners, IBK Industrial Bank of Korea, and SL Investment also made follow-up investments.
Founded in 1988, Atinum Investment is a venture capital firm based in Seoul, South Korea. The firm invests in promising startups internationally, focusing on the intrinsic value of companies. Atinum specializes in IT, biotech, and healthcare sectors.
InterVest is a venture capital firm that invests in startups and early-stage businesses, providing support through pre-initial public offerings. The firm invests in seed-stage, early-stage, and later-stage companies based in Singapore, South Korea, Vietnam, Indonesia, Malaysia, India, and the United States.
Liner Use of Funds
The company will use the funds to enhance services, acquire talent, and expand international marketing efforts.
About Liner
Founded in 2015 by Luke Jinu Kim and Brian (Chanmin) Woo, Liner is an AI search engine for students and researchers. Its AI Search is designed to helps users find reliable knowledge based on reliable references using AI technology. Its AI agent technology launched in Korea in 2023 and launched a reliable AI search service by developing its own LLM specialized in source selection. Liner operates in over 220 countries and reached a 10 million user base worldwide.
Funding Details
Company: Liner
Raised: KRW 27.0B
Round: Series B2
Funding Date: October 2024
Lead Investors: Atinum Investment, InterVest
Additional Investors: Samsung Venture Investment, LB Investment, Capstone Partners, IBK Industrial Bank of Korea, SL Investment
Company Website: https://getliner.com/
Software Category: AI Search
Source: https://wowtale.net/2024/10/11/231045/