South Korean metaverse platform Anipen drew investments worth around 11 billion Korean won (US$8.3 million) in its Series C round ahead of its planned initial public offering (IPO) next year.
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The list of investors includes Medici Investment, Ulmus Investment and Korea Development Bank (KDB).
With the investments, Anipen will expand its metaverse content services and strengthen partnerships with various companies globally.
Anipen is a deep learning-based metaverse platform developer that specializes in augmented reality (AR), extended reality (XR) and artificial intelligence (AI).
Its flagship service AnibeaR is a three-dimensional mobile application that allows users to create AR-infused video content using popular children’s animation characters such as Hello Kitty and Teletubbies.
Last year the metaverse developer attracted investments worth 13 billion won. It plans to close its Series C round after reaching investments of 20 billion won that the company is currently negotiating.
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