TOKYO — South Korean robot artificial intelligence startup RLWRLD has raised 2.1 billion yen ($14.7 million) in a fundraising round, the company announced on Tuesday.
The company issued convertible bonds — debt securities that can be changed into stocks — that were purchased by South Korean venture capital companies and Tokyo-based Global Brain. The funds will be used to expand RLWRLD’s research team and improve its research facilities.
