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AI Webtoon Studio Real Draw Secures $1.7M in Pre-Series A Funding

Source: RealDraw

Seoul, South Korea - RealDraw, a company that produces webtoons using artificial intelligence (AI), has raised KRW 2.2 billion in pre-Series A funding. 

The round was led by Altos Ventures, with additional support from seed investor Yoonmin Foundation.

Why It Matters

RealDraw's funding is significant in the rapidly growing webtoon market and the increasing demand for technology-enabled creative processes.

The company's focus on AI-driven webtoon production positions it at the forefront of a shift in content creation strategies.

The Key Points

  • Founded in June 2023, RealDraw is focused on producing large-scale, high-quality webtoons through advanced research and development.
  • The company's technology focuses on replicating an artist's style and expressing emotion, and it aims to expand globally and collaborate with established artists.
  • According to a market growth report, the global webtoons market size will be valued at US$4,659 million in 2022 and is expected to reach US$27,413 million by 2028, growing at a CAGR of 34.36% between 2022 and 2028.
  • By integrating AI and Unreal technology, RealDraw plans to address the challenges of the webtoon creation process, particularly maintaining quality and efficiency.

What They Say:

Sang-Gyu Choi, CEO of RealDraw, emphasizes the role of AI in enhancing the creativity and rights of webtoon creators.

His goal is to support the production of high-quality webtoons on a global scale. 

Moon-Suk Oh, Partner at Altos Ventures, highlights RealDraw's potential to revolutionize the labor-intensive webtoon creation process, improve the quality of work, and position the company as a global content producer.

What Comes Next:

RealDraw intends to use its recent funding to develop its services and business model further. 

The company will focus on refining its AI and Unreal technologies. It also plans to collaborate with educational institutions such as Chungkang College of Cultural Industries to advance AI technology in webtoon writing education, preparing future writers for the evolving industry landscape.