RX, a developer of small modular reactors, has raised 10 billion won ($7.0 million) in early-stage funding, according to venture investment data platform TheVC on the 14th. The round drew participation from the Korea Development Bank, Smilegate Investment, Kiwoom Investment and Company K Partners, bringing RX's cumulative funding to 23.9 billion won.
RX is developing SMR technology. The company is currently working with the Korea Atomic Energy Research Institute in a consortium to develop RX-50, a light-water heat-supply SMR. RX-50 aims to replace fossil-fuel-based heat sources and deliver stable thermal energy without carbon emissions. The company completed the conceptual design of RX-50 while taking part in the Ministry of SMEs and Startups' Deep Tech Challenge Project, and plans to begin full-scale SMR development.
CCK Solution Secures Investment From Rebellions
CCK Solution has received a strategic investment from Rebellions, a developer of neural processing units. The amount was not disclosed.
CCK Solution's main product is Noah, a document-work automation platform. The company started in accounting-related information technology services — performing audit procedures to prepare audit working papers and verifying large volumes of transaction records in full — and has been expanding into office and financial operations.
The investment is expected to give further momentum to the two companies' business partnership combining Rebellions' NPUs with CCK Solution's Noah. The two signed a memorandum of understanding in June this year to explore supplying Rebellions' NPUs and CCK Solution's artificial intelligence work platform as a single product.
Monster Riot Begins Early-Stage Fundraising
Monster Riot, a webtoon production company, has secured 700 million won from Union Investment Partners. It is the first investment closed in the Series A round the company is currently running.
Monster Riot was founded in 2021 by Ko Jin-ho, an artist known for drawing the webtoon "Terror Man." Headquartered in Busan, the company has set up a branch in Tokyo and is running its local business there. Using the Tokyo office as a base, it signed direct contracts with major Japanese webtoon platforms and began serializing titles in September last year. The company aims to expand its performance further in the Japanese market, where intellectual property extends actively from comics to animation and games.
The funds raised will go toward securing original IP, upgrading AI production tools, and planning exclusive artist contracts and original IP. The company's goal is to build up original IP in two directions — web novels and original planning — to reach 100 titles within three years. Monster Riot is also accelerating investment in production technology, having filed four patents related to webtoon production automation.