True
Korean AI startup DreamLabs has secured 120 billion won in seed investment, according to information published on the company's official website.
The funding amount of 120 billion won was stated on DreamLabs' own brand site, which serves as the primary source for the figure. The round is characterized as a seed investment, an unusually large sum for that stage of financing in the Korean startup market.
The company, which operates in the AI sector, disclosed the raise through its official online channels. Further details, such as the identities of the investors participating in the round and the planned use of proceeds, were not included in the publicly available information, and remain unconfirmed.
Seed rounds of this scale are rare in Korea's early-stage funding landscape, where seed investments typically run considerably smaller. If the disclosed amount is accurate, the round would place DreamLabs among the most heavily capitalized seed-stage AI startups in the country.
The claim that DreamLabs raised 120 billion won in seed funding is True.